Electromagnetic Flow Meter Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Flange Type, Insertion Type), By Components (Detector, Converter), By End-User Industry (Wastewater, Food And Beverage, Chemical, Mining, Others), And By Geography - Forecasts From 2021 To 2026

The global electromagnetic flow meter market is expected to grow at a compound annual growth rate of 6.18% over the forecast period to reach a market size of US$2,627.629 million in 2026 from US$1,726.891 million in 2019.

Impact of COVID-19 on the Electromagnetic Flow Meter Market

The COVID-19 pandemic, however, is expected to act as a restraint to this market growth considering the temporary closure of manufacturing facilities all around the world as well as the disruptions in supply chains caused because of the lockdowns. These restrictions not only hindered the operations of the electromagnetic flowmeter market players but also its end-use industries like chemical and mining among others.

Competitive Insights.

The increasing demand for global electromagnetic flow meter has led to the entry of several new market players in the global electromagnetic flow meter market. The entry of these new players in a market where traditional players like ABB and Siemens already exist is expected to lead to further innovation in the global electromagnetic flow meter market. Moreover, in order to further increase their clientele as well as increase their market share in the upcoming years, many of these market players have taken various strategic actions like partnerships and the development of novel solutions, which is expected to keep the market competitive and constantly evolving.

Global Electromagnetic Flow Meter Market Scope:

Report Metric	Details
Market size value in 2019	US$1,726.891 million
Market size value in 2026	US$2,627.629 million
Growth Rate	CAGR of 6.18% from 2019 to 2026
Base year	2019
Forecast period	2021–2026
Forecast Unit (Value)	USD Million
Segments covered	Type, Components, End-User Industry, And Geography
Regions covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies covered	Tyco Integrated Security, Siemens AG, KROHNE Messtechnik GmbH, Endress+Hauser Management AG, Smart Measurement, ABB, Hitachi High-Technologies Corporation, Yokogawa Electric Corporation, Azbil Corporation, Emerson Electric Co, Honeywell international
Customization scope	Free report customization with purchase

Segmentation:

• By Type
  • Flange type
  • Insertion type
• By Components
  • Detector
  • Converter
• By End-User Industry
  • Wastewater
  • Food and Beverage
  • Chemical
  • Mining
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Others
  • Middle East and Africa
    • Israel
    • Saudi Arabia
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others

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Frequently Asked Questions (FAQs)

Q1. What is the size of the global electromagnetic flow meter market?
A1. Electromagnetic Flow Meter Market was valued at US$1,726.891 million in 2019.

Q2. How is the global electromagnetic flow meter market segmented?
A2. The electromagnetic flowmeter market has been segmented by type, end-user industry, and geography.

Q3. What will be the electromagnetic flow meter market size by 2026?
A3. The global electromagnetic flow meter market is expected to reach a market size of US$2,627.629 million in 2026.

Q4. What are the growth prospects for the electromagnetic flowmeter market?
A4. The electromagnetic flow meter market is expected to grow at a CAGR of 6.18% over the forecast period.

Q5. What factors are anticipated to drive the electromagnetic flowmeter market growth?
A5. Being one of the predominant end-use industries, chemical and other industries appear to observe heavy demands for electromagnetic flowmeters.

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