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Gas Flow Meter Market Expected To Reach USD 6.95 Billion By 2020

A gas flow meter is an instrument used to measure linear, nonlinear, mass or volumetric flow rate of a liquid or a gas.
According to forecast, the global gas flow meter market is expected to reach USD 6.95 billion by 2020 from USD 4.73 billion in 2015, and will grow at a CAGR of 6.42% during the forecast period, 2016-2020.
In terms of applications, Oil & gas constitute to be the fastest-growing type of gas flow meter in the market. Gas flow meter is used to monitor, measure, and control all such flow of oil, gases, lubricants, and solutions to achieve the accuracy needed. Thus, the overall market of gas flow meters is boosted by the demand from the oil & gas industry.
On the basis of geography, Asia Pacific is the fastest growing market for gas flow meter. Increased industrial and economic growth in the region is one of the factors, which will fuel the demand for flow meters in the end-use industries. The presence of growing economies and increasing industrial developments in the region offer enormous opportunities for the use of advance flow measurements tools and apparatus including flow meters in various applications. Industries such as automotive, chemicals, petroleum, oil & gas, food & beverages and manufacturing, among others, are major end-use industries of gas flow meter. These industries are among the major growing industries in the region. The growth of gas flow meters is bound to increase in the region due to such growth factors that are associated with flow meters. Moreover, the players in the gas flow meter market are focusing on tapping into the emerging opportunities in the markets of Asia-Pacific through new product developments, which will also foster the growth of gas flow meters in the market.
Key competitors in the gas flow meter market include Honeywell International Inc. (U.S.), ABB Ltd. (Switzerland), Badger Meter (U.S), Siemens AG (Germany), Yokogawa Electric (Japan), Schneider Electric (France) and Emerson Electric (U.S.).
Global Gas Flow Meter Market Size Analysis Forecast, Growth Rate, 2015-2020

Read Full Report: http://www.gosreports.com/global-gas-flow-meter-market-research-report-2016/
Joanna | Executive – International Business and partner Relations
E-mail: [email protected] | Tel: 1-510-400-8520
Web: www.gosreports.com
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Joanna | Executive - International Business and partner Relations
E-mail: [email protected] 
Tel: 001-510-400-8520
Web: www.gosreports.com