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. 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.
Interactive Trends of Thermal Flow Meter - http://bit.ly/2bGt3Hp
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.
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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