Jul 10 2013
Research and Markets has announced the addition of the "Flow Sensors - Global Strategic Business Report" report to their offering.
This report analyzes the worldwide markets for Flow Sensors in US$ Million. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Annual estimates and forecasts are provided for the period 2010 through 2018.
Lucrative opportunities exist for flow sensors in the water and wastewater industry, where increased environmental regulations that tighten the screws on water conservation and pollution benefits the market. In addition, growing world population, expansion of water infrastructure in developing countries, will especially benefit magnetic flow sensors, which are widely used in the water distribution system.
Europe is especially forecast to generate higher demand for flow sensors in this application area since the region has legislated some of the toughest norms for drinking water quality and waste-water treatment, thus providing regulatory driven impetus to demand. Against a backdrop of a creaking water infrastructure that calls for dire up gradation measures in developed countries, and establishment of new infrastructure in developing countries, flow sensors are poised to gain.
In the oil & gas industry, accurate flow measurement is critical in efficient production of hydrocarbons. The encouraging medium to long term outlook for the world oil & gas industry brightens the prospects for flow sensors in this industry. Industry confidence in the oil & gas industry is rising despite the challenges posed by the uncertain economic outlook in the United States and Europe.
This continuously growing demand for energy worldwide will keep the oil and gas industry at the forefront of radical technology development, driven by the need to ferret new sources of energy. As a crucial industry that helps meet close to 55% of the world's daily energy needs, and provide petrochemical feedstock for a broad range of manufacturing industries, investments in the world oil and gas industry will continue to grow. Companies will continue to spend billions of dollars each year to expand their oil and gas production abilities. The massive global commerce opened up by this industry bodes well for oil and gas equipment and components including the sensors used in them.
A notable trend in the flow sensors market in the recent years is the increasing use of wireless flow sensors in various industrial applications. Wiring and cabling are expensive to install and complex to maintain since accurate fault identification is often elusive. Wireless flow sensors help in reducing the wired clutter in a plant and offer advantages like reduced installation time, reduced costs in comparison with wired sensor solutions, capability to wirelessly communicate as well as monitor flow data, and faster identification of faults, among others. Wireless flow sensors currently dominate the market for industrial wireless sensors.
Also, a six-year historic analysis is provided for these markets. The report profiles 98 companies including many key and niche players such as Emerson Electric Company, First Sensor AG, Gems Sensors & Controls, Gill Research & Development Ltd., Keyence Corporation, Kistler Automotive GmbH, Omron Corporation, Posifa Microsystems, Inc., Sensirion AG, Sick Ltd., Thomas Products Ltd., and UTC Aerospace Systems.
Source: http://www.researchandmarkets.com