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Intelligent Flow Meter Market: Growth, Opportunities, Key Players & Forecast Outlook 2027

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Industry Insight

Globally the Intelligent Flow Meter market 2020 commands more valuation, better investments, and faster growth prospects during the forecast period 2016 to 2022. This scenario has been predicted in the study by Market Research Future. The growth of the market would happen at a pace of  5 %, claim researchers.

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Top Impacting Factors

The Intelligent Flow Meters are mainly used to quantify liquid and gas fluid movements. These flow meters are sited to gather information from the areas of interest. The meter is designed to ensure increased flexibility, easy deployment, and embedded intelligence for cooperatively delivering value-added services. These have been considered as crucial factors that led the market to a great extent until the present time.

The demand for intelligent flow meter is increasing from oil & gas applications to regulate fluids accurately and precisely. This, in turn, helps the market of intelligent flow meters to grow considerably. In fact, the rising demand for intelligent flow meter in chemical & wastewater industries is also supporting the market of intelligent flow meters.

Furthermore, with the evolving technologies in the ultrasonic measurement technology, the demand for intelligent flow meter is observed growing simultaneously, thus boosting the growth of the market to a great extent. With this, the rising requirement of precision in the oil and gas industry to calibrate the fluids accurately, intelligent flow meters are widely deployed globally, which in turn, is fuelling the growth of the global intelligent flow meter market.

 

Global Intelligent Flow Meter Market: Restraints

The early high price of intelligent flow meter is considered as a key restraining element to the growth of the global intelligent flow meter market. Besides, less accuracy and delicacy in the intelligent flow meter is yet another prime factor posing as a challenge to the global intelligent flow meter market and its growth.

Segmentation of MarketIntelligent Flow Meter

Global Intelligent Flow Meter Market as per segmentation has included the segments of type, communication protocol, and Verticals.

The type segment has included multiphase turbine, calorimetric, electromagnetic, vortex, ultrasonic, doppler, thermal, and Coriolis.

The communication protocol segment has added Profibus, HART, and Modbus.

The vertical segment has included power generation food & beverages, chemical, metals & mining, oil & gas, pharmaceuticals, and pulp & paper.

 

Browse Full Report Details  
https://www.marketresearchfuture.com/reports/intelligent-flow-meter-market-1926

Region-Wise Outlook

The Asia Pacific is the largest market for intelligent flow meters in support of rapid industrialization and augment in oil and gas demands. Asia-Pacific is leading the market due to mounting industrial development and colossal demand for measuring meters in the Oil & Gas industry. The high demand for intelligent flow meters in measurement processes among countries of China and India, thus fuelling the market of the intelligent flow meter to achieve new heights in the upcoming future. North-America is also showing healthy growth due to a large number of shale gas projects and oil fields present in the region. The Intelligent flow meter market in Europe is also expanding due to rapid industrial infrastructural activities and the growing demand for accurate and precise flow measuring devices in this region.

 

The Middle East and Africa regions are the second-largest shareholders in the consumption of the intelligent flow meter market.

North America also accounts for a preferred share of consumption of intelligent flow meters. North-America is also showing healthy growth owing to the vast number of shale gas projects and oil fields. Europe is also expanding in support of rapid industrial infrastructural activities and growing demand for exact and precise flow measuring devices in this region.

 

Top Market Players

The foremost companies involved in the manufacturing and production of intelligent flow meters are listed as Endress+Hauser AG (Germany), Emerson Electric Company (U.S), Honeywell International Inc. (U.S), ABB limited (Switzerland), Yokogawa Electric Corporation (Japan), Siemens AG (Germany), Brooks Instruments, Abzil Corporation, Krohne Messtechnik GMBH, General Electric Company, and others.

About Market Research Future:

Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.

 

The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research. 

 

Our Forte 

 

  • Strong industry focus
  • Robust methodology
  • Tailor-made solutions
  • Disruptive research
  • Cutting-edge detailed reports
  • Competitive pricing
  • Domain expert researchers
  • Timely delivery
  • Ground-breaking approach
  • Advanced and transparent research methodology
  • Cover latest trends and innovations 

 

posted Oct 13 by Minakshi Jagtap

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Industry Insight

Globally the Intelligent Flow Meter market 2020 commands more valuation, better investments, and faster growth prospects during the forecast period 2016 to 2022. This scenario has been predicted in the study by Market Research Future. The growth of the market would happen at a pace of  5 %, claim researchers.

Get Free Sample Report : https://www.marketresearchfuture.com/sample_request/1926

Top Impacting Factors

The Intelligent Flow Meters are mainly used to quantify liquid and gas fluid movements. These flow meters are sited to gather information from the areas of interest. The meter is designed to ensure increased flexibility, easy deployment, and embedded intelligence for cooperatively delivering value-added services. These have been considered as crucial factors that led the market to a great extent until the present time.

The demand for intelligent flow meter is increasing from oil & gas applications to regulate fluids accurately and precisely. This, in turn, helps the market of intelligent flow meters to grow considerably. In fact, the rising demand for intelligent flow meter in chemical & wastewater industries is also supporting the market of intelligent flow meters.

Furthermore, with the evolving technologies in the ultrasonic measurement technology, the demand for intelligent flow meter is observed growing simultaneously, thus boosting the growth of the market to a great extent. With this, the rising requirement of precision in the oil and gas industry to calibrate the fluids accurately, intelligent flow meters are widely deployed globally, which in turn, is fuelling the growth of the global intelligent flow meter market.

 

Global Intelligent Flow Meter Market: Restraints

The early high price of intelligent flow meter is considered as a key restraining element to the growth of the global intelligent flow meter market. Besides, less accuracy and delicacy in the intelligent flow meter is yet another prime factor posing as a challenge to the global intelligent flow meter market and its growth.

Segmentation of MarketIntelligent Flow Meter

Global Intelligent Flow Meter Market as per segmentation has included the segments of type, communication protocol, and Verticals.

The type segment has included multiphase turbine, calorimetric, electromagnetic, vortex, ultrasonic, doppler, thermal, and Coriolis.

The communication protocol segment has added Profibus, HART, and Modbus.

The vertical segment has included power generation food & beverages, chemical, metals & mining, oil & gas, pharmaceuticals, and pulp & paper.

 

Browse Full Report Details  
https://www.marketresearchfuture.com/reports/intelligent-flow-meter-market-1926

Region-Wise Outlook

The Asia Pacific is the largest market for intelligent flow meters in support of rapid industrialization and augment in oil and gas demands. Asia-Pacific is leading the market due to mounting industrial development and colossal demand for measuring meters in the Oil & Gas industry. The high demand for intelligent flow meters in measurement processes among countries of China and India, thus fuelling the market of the intelligent flow meter to achieve new heights in the upcoming future. North-America is also showing healthy growth due to a large number of shale gas projects and oil fields present in the region. The Intelligent flow meter market in Europe is also expanding due to rapid industrial infrastructural activities and the growing demand for accurate and precise flow measuring devices in this region.

 

The Middle East and Africa regions are the second-largest shareholders in the consumption of the intelligent flow meter market.

North America also accounts for a preferred share of consumption of intelligent flow meters. North-America is also showing healthy growth owing to the vast number of shale gas projects and oil fields. Europe is also expanding in support of rapid industrial infrastructural activities and growing demand for exact and precise flow measuring devices in this region.

 

Top Market Players

The foremost companies involved in the manufacturing and production of intelligent flow meters are listed as Endress+Hauser AG (Germany), Emerson Electric Company (U.S), Honeywell International Inc. (U.S), ABB limited (Switzerland), Yokogawa Electric Corporation (Japan), Siemens AG (Germany), Brooks Instruments, Abzil Corporation, Krohne Messtechnik GMBH, General Electric Company, and others.

About Market Research Future:

Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.

 

The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research. 

 

Our Forte 

 

  • Strong industry focus
  • Robust methodology
  • Tailor-made solutions
  • Disruptive research
  • Cutting-edge detailed reports
  • Competitive pricing
  • Domain expert researchers
  • Timely delivery
  • Ground-breaking approach
  • Advanced and transparent research methodology
  • Cover latest trends and innovations 

 

 

 

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Ultrasonic NDT Equipment Market Scenario

Ultrasonic non-destructive testing (NDT) is a method of determining the physical properties of a test piece such as ductility, impact resistance, fracture toughness, ultimate tensile strength and others. The Ultrasonic NDT equipment uses high-frequency sound waves for flaw detection or evaluation, material characterization, dimensional measurements and more. Rapid rise in urbanization and industrialization has generated massive demand for advanced technology in various sectors, leading to the expansion of Ultrasonic NDT Equipment Market on the global level.

Market Research Future (MRFR) has recently published a detailed report asserting that the global market for Ultrasonic Non-destructive testing equipment may reach USD 2.47 Bn by 2023. It can expand at a noteworthy CAGR of 9.87% from 2017 to 2023 (forecast period).

Market Drivers:

As a sophisticated non-destructive testing technology, the ultrasonic NDT equipment has established its prominence in steel and aluminum, manufacturing, oil and gas, aerospace and defense industries. Along with metals and alloys, the ultrasonic NDT equipment can also be used on concrete, wood and composites, making it serviceable in the construction industry. Application of ultrasonic NDT equipment in all these industries is acting as a driving force for the global ultrasonic non-destructive testing equipment market. The expansion of the automotive industry and stringent safety regulations is fueling the growth of global ultrasonic NDT equipment market.

Competitive Analysis:

The innovative initiatives and advanced products introduced by the prominent players in the global ultrasonic NDT equipment market is expected to increase the competition among the players. In April 2018, Sonatest (U.K.) has launched new software for their equipment in order to provide higher resolution results along with other noteworthy features. In May 2018, Danatronic (U.S.) has introduced a new feature, Auto Phase Reversal Detection Alarm, to their ECHO 7 gages that enables accurate detection of change in phase in a test piece.

The prominent players in The Ultrasonic NDT Equipment market are GE Inspection Technologies (U.S.), Olympus Corporation (Japan), Sonatest (U.K.), Danatronic (U.S.), Eddyfi (Canada), James Instruments (U.S.), NDT Systems (U.S.), PaR systems (U.S.), Qualitest International (Canada) and Trinity NDT (India) among others.

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Market Segmentation:

The global Ultrasonic NDT Equipment market has been segmented on the basis of end-users and region. On the basis of end-users, the utrasonic NDT equipment market has been segmented into oil and gas industry, power generation, aerospace and defense sector, and automotive and transportation industry.

Detailed Regional Analysis:

On the basis of region, the global ultrasonic NDT equipment market is segmented into North America, Europe, Asia-Pacific and the rest of the world. Due to the growing investment in oil and gas industry and rapid adoption of advanced technology for safety purposes in North America, this region is observed to be dominating the global ultrasonic NDT equipment market. Europe is anticipated to follow North America in the global ultrasonic NDT equipment market. Increasing population, energy consumption and infrastructural development in the developing economies of Asia-Pacific region are driving the ultrasonic NDT equipment market in this region.  

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Table Of Contents: Global Ultrasonic NDT Equipment Market

  1. Executive Summary
  2. Scope Of The Report
  3. Research Methodology
  4. Ultrasonic NDT Equipment Market Landscape
  5. Pipeline Analysis
  6. Five Forces Analysis
  7. Ultrasonic NDT Equipment Market Segmentation
  8. Customer Landscape
  9. Regional Landscape
  10. Decision Framework
  11. Drivers And Challenges
  12. Ultrasonic NDT Equipment Market Trends
  13. Vendor Landscape
  14. Vendor Analysis
  15. Appendix

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Market Overview

 

Market Research Future (MRFR) announces the publication of its half-cooked research report—Global Micro Server IC Market 2020–2026.

 

According to Market Research Future, the global micro server IC Market has been segmented based on component, processor type, application, end user, and region.


 

 

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The growing trend of cloud computing, virtualization and demand for miniaturization has propelled the adoption of micro server ICs across the globe. The emergence of hyper scale data center architecture has also created opportunities in the overall market. However, a lack of standardized specifications might hamper the market growth over the forecast period.

By component, the global micro server IC Market has been segmented into hardware and software. The hardware in an IC comprises circuits, logic gates, pathways, and transistors, among other components. The hardware segment is expected to witness the highest market share over the forecast period. This growth is attributed to the increasing demand for compact chips for data centers.

By processor type, the global micro server IC Market has been segmented into Intel and ARM. Among these processors, the Intel processor is expected to dominate the overall market over the forecast period. Intel ICs provide smooth software support to their customers resulting in higher adoption of ICs. Along with this, the use of 14nm process technology to produce a wide range of chips is also expected to fuel the market growth.


By application, the global micro server IC Market has been segmented into web hosting and enterprise, analytics and cloud computing, edge computing, and others. Among these, the edge computing segment is expected to dominate the overall market. This segment is one of the leading emerging applications of micro server ICs. Independent software vendors, system integrators, and enterprises are focused on building cloud-independent solutions, which are also expected to drive edge computing applications.

By end user, the global micro server IC Market has been segmented into enterprises and data centers. Among these, the enterprise segment is expected to dominate the overall market throughout the forecast period.


By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. The North American region has dominated the global market in 2019 and is expected to maintain its dominance throughout the forecast period. Increasing investments in research & development for miniaturized ICsare expected to propel the demand formicro server IC systems in this region. On the flip side, Asia-Pacific is expected to witness the fastest growth over the forecast period. Increasing deployment of data centers in developing countries is one of the major factors fueling the market growth.


 

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Key Players


Some of the prominent players in the micro server IC Market Intel Corporation (US), Cavium Inc. (US), Dell Technologies (US), Penguin Computing (US), Ambedded Technology (Taiwan), Fujitsu (Japan), Super Micro Computer, Inc. (US), Advanced Micro Devices, Inc. (US), ARM Holdings PLC (UK), Hewlett Packard Enterprise (US), Quanta Computer Inc. (Taiwan), Applied Micro Circuits Corporation (US), Marvell Technology Group Ltd. (UK), NVIDIA Corporation (US), IBM Corporation (US), SiPearl (France), christmann informationstechnik + medien GmbH & Co. KG (Germany), STMicroelectronics (Switzerland), NXP Semiconductors (The Netherlands), Bamboo Systems Group Ltd. (UK), Huawei Technologies Co., Ltd (China), Ampere Computing (US), and Lattice Semiconductor (US) among others.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

 

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Market Highlights

 

Global IoT Chips Market is projected to register a CAGR of 5.9% during the forecast period, 2020–2026.

 

Regional Analysis

The Global IoT Chips Market is estimated to grow at a significant rate in the near future. The geographical analysis of the IoT chips market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world. IoT chips are modules comprising processors, sensors, ICs, and memory and logic devices, among others. These modules are integrated into smart devices to transfer data in real-time across a network. The adoption of wireless technologies has gained traction over the past few years, which has propelled the growth of the global IoT chips market across the globe. The customers’ inclination towards AI and 5G is also expected to drive the growth of the global market. However, lack of data privacy and security across networks might hamper the market growth during the forecast period. Also, a lack of standardization of protocols across platforms is expected to restrict market growth.

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As per the MRFR analysis, Asia-Pacific accounted for the largest market share in 2019. China accounts for the largest market share in the region due to the increase in government initiatives towards the development of smart homes and smart cities. The adoption of 5G technology, along with AI, is also expected to fuel market growth. The region has also witnessed a strong presence of consumer electronics manufacturers. Additionally, the presence of various companies in the region is also driving the growth of the market in the region.


Europe accounts for the second-largest market share in the IoT chips market. Germany held the largest share of Europe’s IoT chips market in 2019 due to the presence of the automobile industry in the country and the increasing adoption of IoT devices by consumers. On the other hand, France is expected to be the fastest-growing country-level market in the region during the forecast period.

 

North America is projected to be the fastest-growing regional market during the forecast period. The region has a major presence of small and medium enterprises that have commenced the adoption of IoT in their enterprises, which is expected to fuel the market growth. Technological advancements and increasing investments by the manufacturing industries for enhancing their product quality are key factors responsible for the market growth in this region.


 

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Key Players


MRFR recognizes the key players in the global IoT chip market as Intel Corporation (US), Qualcomm Technologies, Inc (US), Texas Instruments Incorporated (US), NXP Semiconductors NV (Netherlands), Microchip Technology Inc. (US), MediaTek Inc. (Taiwan), STMicroelectronics NV (Switzerland), Renesas Electronics Corporation (Japan), Huawei Technologies Co., Ltd. (China), NVIDIA Corporation (US), Cypress Semiconductor Corporation (US), Advanced Micro Devices, Inc. (US), Samsung Electronics Co., Ltd. (South Korea), MediaTek Inc. (Taiwan), Microchip Technology Inc. (US), Silicon Laboratories. (US), Telit (Italy), Nordic Semiconductor ASA (Norway), Semtech Corporation (US), Marvell (Bermuda), and AMD (US), among others. The prominent players keep innovating and investing in research and development to offer a cost-effective product portfolio. There have been recent mergers & acquisitions among the key players, a strategy that business entities employ for strengthening their reach to the customers.


Key Segments


Global IoT Chips Market has been segmented based on Product, End User, and Region.


By Product, the market has been segmented into processors, sensors, connectivity ICs, memory devices, logic devices, and others.


By End User, the market has been segmented into consumer electronics, automotive & transportation, healthcare, retail, BFSI, agriculture, entertainment & media, and others.


By Region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.

 

About Market Research Future:

Market Research Future (MRFR) is a reliable firm that undertakes an extensive analysis of markets in various domains. Our teams of research analysts gather relevant data through painstaking primary and secondary research that aims to give clients a complete outlook on markets of their interest. The data is compared against third-party agencies and reputed organizations for estimating valuations and revenue projections.

MRFR’s goal in providing a comprehensive coverage of the market replete with latest trends, niches, developments, and insights can be lucrative for business needs. We aim to push our clients to the forefront by guiding them with astute information for making informed decisions. Our market intelligence can track down key issues in industries and be modified as per the fluctuations in economic scenarios. The reports are customized and offered as per a specific region or country and adhere to latest policies.

 

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Market Highlights

Rise in investment for global exploration and production activities along with technological advances in well drilling equipment is creating the demand for Pressure Control Equipment Industry. Pressure control equipment enhances safety improves efficiency during drilling. Growing demand for safety norms for oil and gas industry is also an important factor for the growth of pressure control equipment market. The oil and gas industry is expected to grow with the rising demand of hydrocarbons, which serve as an important source of global energy supply is the major driver for boosting up the demand for pressure control equipment market.

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Key players

The key players in the pressure control equipment market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are – Schlumberger (US), Weatherford International (US), Control Flow (US), National Oilwell Varco (US), Baker Hughes (US), Lee Specialties (Canada), The Weir Group (UK), Hunting (US), Tis Manufacturing (UK), and Brace Tool (Canada). These players contribute a major share in the growth of pressure control equipment market.

Apart from the top key players, there are other players that contribute to the market growth. These include Integrated Equipment (US), The IKM Group (Norway), GKD Industries (Canada), IoT Group (Australia), and others.

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Regional Analysis

The pressure control equipment market is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of pressure control equipment market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America). North America is the largest revenue generating segment and is expected to continue its dominance during the forecast period. Rising activities of deepwater drilling in US is creating lucrative opportunities for oil and gas equipment market, thus positively impacting the growth of pressure control equipment market. Among the North American countries, US dominates pressure control equipment market. A number of factors such as increasing focus on shale plays and unconventional sources due to technological innovations in the region is driving the growth of pressure control equipment market. US and Australia have a large presence of huge onshore shale reserves which is likely to boost the demand for pressure control equipment for onshore oil fields. Other regions such as Middle East & Africa and Latin America also contribute to a significant share of the pressure control equipment market due to rising exploration and production (E&P) activities. 

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About Market Research Future:

Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottom-line margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.

 

 

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