As per the research report published by Transparency Market Research, the global thermal energy flow metering flow solutions market will exhibit a strong and healthy CAGR 5.9% for the assessment period of 2017 to 2025. This growth rate is expected to take market to a valuation worth US$4.706 bn by 2025.
According to a report by Transparency Market Research, the
global thermal energy flow metering solutions market will likely register a
CAGR of 5.9% from 2017 to 2025 to become worth US$4.706 bn by 2025.
Key Market Vendors to Concentrate on Developing
Innovative and Varying Solutions
Increasing adoption of the thermal energy metering solutions
has helped the tech savvy companies in the global market to expand and improve
their product portfolio. Moreover, the leading companies are also concentrating
on developing different range of products by adding new and innovative features
to these products. These companies are working on the design of new thermal
flow meters that can offer high levels of repeatability and precision over a
broad spectrum of flow rates and also can monitor the flow in bigger pipes.
This fact along with the presence of several notable brands operating in the
space, the vendor landscape of the global thermal energy flow metering will
experience intense completion in coming years of the forecast period of 2017 to
2025. In addition to this, with the possible entry of new players in the global
market, the competition is only expected improve in the next few years.
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Some of the leading companies in the global thermal energy
flow metering solutions market include names such as Yokogawa Electric and
Corporation, Sierra Instruments Inc., GE Electric Co., Shenitech LLC,
Landis+Gyr AG, Sage Metering, Kamstrup Group, Emerson Electric Co., Fluid
Components LLC, Enercare Connections Inc., Siemens AG, Elster Water, ABB Ltd.,
and QMC among others.
There are different segments of the global thermal energy
glow meter flow depending on wide range of parameters. In terms of type, the
global market can be sub-segmented into inline, insertion, and portable. Of
these sub-segments, the portable metering flow segment is projected to develop
at a healthy pace in the near future.
Asia Pacific to Emerge as Most Influential Regional
Segment in Global Market
In terms of regional segmentation, the global thermal energy
flow metering flow solutions market has five major regions namely, Europe, Asia
Pacific, Latin America, Middle East and Africa, North America. Among these
regional segments, the Asia Pacific region is projected to exhibit a strong
growth rate over the period of forecast. The growth of the region is expedited
by the increasing technological developments and advancements in the
economically developing nations in the region. Moreover, growing demand for
continuous emission monitoring systems in nations such as India, China, and
Japan. Booming industrial sector in the region is also another crucial factor
that has been crucial for the overall development of the thermal energy flow
metering solutions market in Asia Pacific.
The report segments the global thermal energy flow metering
solutions market as follows:
Type
- Insertion
- Portable
- Inline
Application
- Residential
- Commercial
- Water
and Waste Treatment
- Food
and Beverages
- Chemical
and Petrochemical
- Pulp
and Paper Industries
- Others
Component
- Devices
- Thermal
Energy Metering
- Heat
Cost Allocation
- Hot
and Cold Sanitary Water Metering
- Wirelessly
Connected Data Collection Tools and Technologies
- Sensors
- Services
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