As per the research report published by Transparency Market Research, the global thermal energy flow metering flow solutions market will exhibit a strong and healthy CAGR 5.9% for the assessment period of 2017 to 2025. This growth rate is expected to take market to a valuation worth US$4.706 bn by 2025.
According to a report by Transparency Market Research, the global thermal energy flow metering solutions market will likely register a CAGR of 5.9% from 2017 to 2025 to become worth US$4.706 bn by 2025.
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Key Market Vendors to Concentrate on Developing Innovative and Varying Solutions
Increasing adoption of the thermal energy metering solutions has helped the tech savvy companies in the global market to expand and improve their product portfolio. Moreover, the leading companies are also concentrating on developing different range of products by adding new and innovative features to these products. These companies are working on the design of new thermal flow meters that can offer high levels of repeatability and precision over a broad spectrum of flow rates and also can monitor the flow in bigger pipes. This fact along with the presence of several notable brands operating in the space, the vendor landscape of the global thermal energy flow metering will experience intense completion in coming years of the forecast period of 2017 to 2025. In addition to this, with the possible entry of new players in the global market, the competition is only expected improve in the next few years.
Some of the leading companies in the global thermal energy flow metering solutions market include names such as Yokogawa Electric and Corporation, Sierra Instruments Inc., GE Electric Co., Shenitech LLC, Landis+Gyr AG, Sage Metering, Kamstrup Group, Emerson Electric Co., Fluid Components LLC, Enercare Connections Inc., Siemens AG, Elster Water, ABB Ltd., and QMC among others.
There are different segments of the global thermal energy glow meter flow depending on wide range of parameters. In terms of type, the global market can be sub-segmented into inline, insertion, and portable. Of these sub-segments, the portable metering flow segment is projected to develop at a healthy pace in the near future.
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Asia Pacific to Emerge as Most Influential Regional Segment in Global Market
In terms of regional segmentation, the global thermal energy flow metering flow solutions market has five major regions namely, Europe, Asia Pacific, Latin America, Middle East and Africa, North America. Among these regional segments, the Asia Pacific region is projected to exhibit a strong growth rate over the period of forecast. The growth of the region is expedited by the increasing technological developments and advancements in the economically developing nations in the region. Moreover, growing demand for continuous emission monitoring systems in nations such as India, China, and Japan. Booming industrial sector in the region is also another crucial factor that has been crucial for the overall development of the thermal energy flow metering solutions market in Asia Pacific.
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