Ultrasonic Flow Meter Market is slated to expand at 6.5% CAGR to reach a valuation of US$ 3.45 Bn by 2031
Accelerating growth in selected applications such as power generation and oil & gas, new product launches, and leveraging expanded ultrasonic flow meter portfolios and technology across various channels are key strategies by market players.
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Key Takeaways from Market Study
"Amplifying the requirement for non-invasive measurements by flow measuring devices to measure the meticulous velocity and flow rate of liquid and gas is driving demand for ultrasonic flow meter," says a Persistence Market Research analyst.
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Competitive Landscape
The ultrasonic flow meter market is a combination of several big players with local players having an overseas presence, with key players accounting for around 45% market share. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares.
Some of the key players in this industry are General Electric, Emerson Electric, Greyline Instruments, Honeywell International, OMEGA Engineering Inc., Siemens AG, Endress+Hauser Management AG, KRONE Group, and Fuji Electric Co., Ltd.
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Find More Valuable Insights
The research report analyzes demand for ultrasonic flow meters. The global market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends, and market background.
As per Persistence Market Research's research scope, the market has been analyzed on the basis of type, technology, output display, application, and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand side.
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