The global electromagnetic flowmeters market is anticipated to grow at a considerable CAGR of 5.7% during the forecast period (2024-2031). Electromagnetic flowmeters have a wide range of applications across different industries. In water and wastewater management, they are used for accurate measurement of water and wastewater flow, helping with resource allocation, leakage detection, and billing accuracy. The market’s growth is attributed to increasing demand for efficient water management across the globe. The water management effectiveness has grown more essential across sector and communities. Electromagnetic flowmeters with bidirectional communication provide an extensive system for real-time monitoring of water flow. In September 2021, ABB introduced electromagnetic flowmeter with bidirectional connectivity to power intelligent water loss management. It provides mobile connectivity to the AquaMaster4 flowmeter, minimizing power usage by 60% and allowing for speedier leak detection, hence improving water management on-site and remotely. Such developments are contributing to the market development.
Browse the full report description of “Electromagnetic Flowmeters Market Size, Share &Trends Analysis Report by Product (In-line Magnetic Flowmeters, Low Flow Magnetic Flowmeters, and Insertion Magnetic Flowmeters), and by Application (Water and Wastewater, Chemicals and Petrochemicals, Power Generation, Metals and Mining, Oil and Gas, Food and Beverages, and Others), Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/electromagnetic-flowmeters-market
Furthermore, the integration of industrial automation with the Internet of Things (IoT) depends significantly on the convergence of power and data transmission across Ethernet. The resulting connectivity enables the easy integration of flowmeter data into larger industrial networks, promoting smart manufacturing and process optimization. In September 2023, ABB has launched CoriolisMaster and Process Master Flowmeters that can be powered over the same Ethernet line used for data transmission, eliminating the need for separate cabling. The new function minimizes installation time and expense while boosting data transfer speed and reliability.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Product
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes Georg Fischer Ltd., Hitachi, Ltd., Honeywell International Inc., OMEGA Engineering, Inc., Siemens Ltd. and others.
Key questions addressed by the report
Global Electromagnetic Flowmeters Market Report Segment
By Product
By Application
Global Electromagnetic Flowmeters Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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