seobhushan (47)

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Flow Meter Market is projected to reach CAGR 6
by 2027
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Key Insights from Flow Meter Market

• Flow meter market has witnessed an exponential
  amount of growth in demand from the oil and gas
  sector, which has been pegged to fuel the
  industrys proliferation through the forthcoming
  years. These devices are used to measure and
  monitor the flow rate of up/downstream processes,
  fluid hydrocarbons, and the transfer of raw
  petroleum between ships and tankers.
• Flow meter manufacturers are heavily investing in
  RD to enhance the quality of the technology to
  extend industry-based features and solutions like
  multi-measurement formats, digital signals,
  remote calibration, wireless communication,
  online diagnostics, among others.
• The global flow meter market size is slated to
  amass USD 6.5 billion in terms of value through
  2027, primarily led by the surging demand for
  smart monitoring systems and process automation
  in the industrial sector.

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Regional Insights in Flow Meter Market

• Regionally speaking, improving disposable income
  of the regional population in Europe and the need
  for advanced, targeted medication has driven
  developments in the Europe pharmaceutical
  industry over the recent times.
• The continent boasts of a high presence of large
  pharmaceutical companies like Pfizer,
  AstraZeneca, and others. These entities aim at
  manufacturing of medicines and vaccines in large
  volumes for various ailments, one of them being
  for novel coronavirus. Moreover, regional
  pharmaceutical enterprises are constantly
  investing in RD to advance pharmaceutical
  manufacturing.
• As per a report by the EFPI Association, European
  pharma companies have invested nearly USD 45,363
  million in RD activities during the year 2019
  with a year-on-year growth of nearly 3.

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Major Companies in Flow Meter Market

• Alicat Scientific
• Azbil
• Emerson
• FESTO
• Honeywell International Inc
• HYDAC ELECTRONIC
• INNOVATIVE SENSOR TECHNOLOGY IST AG
• Keyence Corporation

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