Thermal Flow Meter Market: Overview
Thermal flow meters are comprised of family of instruments
for the measurement of flow of gas through closed conduits and channels. Thermal
flow meter introduces heat into the flow stream and measures the
dissipation using one or more than one temperature sensors. This method is best
suitable for measurement of gas flow considering the variability of heat
absorption rate of liquids. There are two key techniques to measure the amount
of heat dissipated; however, thermal flow meters uses heat to measure the flow
stream. The thermal flow meter primarily finds application in oil and gas,
water and waste water treatment and chemical industries among others.
Thermal Flow Meter Market: Growth Enablers
The major factor driving the growth of thermal flow meter
market is due to the increasing demand for continuous emissions monitoring
systems (CEMS). Continuous emission monitoring systems is used to continuously
record, collect and report the required data related to emission of gasses.
Increased government regulations and policies to check environment pollution is
driving the demand for continuous emission monitoring systems. This is further
leading to the growth of the thermal flow meter market during the forecast
period. Moreover, demand for technologically advanced thermal flow meters by
end user industries is paving new opportunities for various players in the
market.
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Need for effective product differentiation is considered as
the major challenge faced by various players in the market. This is also
considered as a major factor restraining the growth of the market during the
forecast period. However the overall thermal flow meter is expected to grow
during the forecast period owing to the increased expenditure on oil & gas,
chemical and other industries.
Thermal Flow Meter Market: Segmentation
The market is segmented on the basis of end users by: oil
& gas industries, water and waste treatment, food and beverages industry,
chemical and petrochemical industries, pulp and paper industries and others.
Increasing application of thermal flow meters from various industries is further
driving the overall growth of the market. The market can be further segmented
on the basis of type into: insertion thermal flow meter, portable thermal flow
meters, portable thermal flow meters and Inline thermal flow meters. The
sensors used in thermal flow meters includes temperature sensors and flow
sensors.
The market is segmented on the basis of geography into four
broad segments: North America, Asia pacific, Europe and Rest of the World
(ROW). Presently, Asia Pacific is a major contributor to the thermal flow meter
market in terms of revenue and is expected to see robust growth during the
forecast period. The growth in this region is attributed to the increasing
number of industries in the region. Furthermore, increasing expenditure on
infrastructure in this region is driving the market growth.
Thermal Flow Meter Market: Key Players
The key players in this market are: ABB Ltd., Emerson
Electric Co., GE Electric Co., Bronkhorst High-Tech B.V, Eldridge Products,
Inc., Sage Metering Inc., Sierra Instruments Inc., Kurz Instruments Inc.,
Thermal Instrument Company, Fluid Components International LLC, Fox Thermal
Instruments, Inc., Aalborg Instruments & Controls, Inc., Brooks
Instruments, LLC, TSI Incorporated, and Vogtlin Instruments AG.
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The regional analysis covers:
- North
America (U.S. and Canada)
- Latin
America (Mexico, Brazil, Peru, Chile, and others)
- Western
Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium,
Netherlands, Luxembourg)
- Eastern
Europe (Poland, Russia)
- Asia
Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
- Middle
East and Africa (GCC, Southern Africa, North Africa)
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