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Magnetic Flowmeter Market Trends

  • Report ID: GMI8947
  • Published Date: Apr 2024
  • Report Format: PDF

Magnetic Flowmeter Market Trends

There is a growing demand for wireless magnetic flowmeter solutions that offer flexibility, ease of installation, and remote access capabilities. Wireless connectivity enables seamless integration with control systems, SCADA networks, and IIoT platforms, allowing for remote monitoring, data logging, and diagnostics without the need for physical wiring. Magnetic flowmeter manufacturers are developing smart flowmetering solutions with advanced features such as self-diagnosis, adaptive signal processing, and automated calibration.
 

Smart flowmeters offer enhanced accuracy, reliability, and self-monitoring capabilities, reducing the need for manual intervention and maintenance while improving overall system performance. With growing concerns over water scarcity, aging infrastructure, and regulatory compliance, there is an increased demand for magnetic flowmeters in water and wastewater management applications. Magnetic flowmeters offer accurate, reliable measurement of water flow rates, facilitating efficient water distribution, leakage detection, and water conservation initiatives.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of magnetic flowmeter was reached USD 1.39 billion in 2023 and is set to grow at 4.7% CAGR till 2032, driven by regulatory mandates and industry standards requiring accurate flow measurement and monitoring.

The in line material segment in the magnetic flowmeter market reached USD 600 million in 2023 and is set to exceed USD 900 million by 2032, owing to its high accuracy and reliability.

North America magnetic flowmeter market size surpassed USD 300 million in 2023 and is likely to cross USD 400 million by 2032, owing to challenges related to aging water infrastructure, water scarcity, and stringent environmental regulations.

ABB Ltd., Azbil Corporation, Badger Meter, Inc., Brooks Instrument LLC, Emerson Electric Co., Endress+Hauser AG, Fuji Electric Co., Ltd., Honeywell International Inc., Krohne Group among others.

Magnetic Flowmeter Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 428
  • Countries covered: 22
  • Pages: 487
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