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.
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.
|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|
|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|
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.
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Function
4.4. Function Value Chain Analysis
5. Global Electromagnetic Flow Meter Market Analysis, By Type
5.2. Flange type
5.3. Insertion type
6. Global Electromagnetic Flow Meter Market Analysis, By Components
7. Global Electromagnetic Flow Meter Market Analysis, By End-User Industry
7.3. Food and Beverage
8. Global Electromagnetic Flow Meter Market Analysis, By Geography
8.2. North America
8.2.1. United States
8.3. South America
8.5. Middle East and Africa
8.5.2. Saudi Arabia
8.6. Asia Pacific
8.6.5. South Korea
9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. Company Profiles.
10.1. Siemens AG
10.2. KROHNE Messtechnik GmbH
10.3. Endress+Hauser Management AG
10.4. Smart Measurement
10.6. Hitachi High-Technologies Corporation
10.7. Yokogawa Electric Corporation
10.8. Azbil Corporation
10.9. Emerson Electric Co
10.10. Honeywell international
Tyco Integrated Security
KROHNE Messtechnik GmbH
Endress+Hauser Management AG
Hitachi High-Technologies Corporation
Yokogawa Electric Corporation
Emerson Electric Co
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