Renewed Focus on Water & Wastewater to Drive Growth
Despite being a mature technology, the market for magnetic flowmeters has seen considerable growth in recent years, due to an upbeat automation market, and by an increase in demand in the water and wastewater segments, where shipments have increased significantly since 2002.
Going forward, the Water & Wastewater industries will continue to provide magmeter suppliers with the strongest opportunities for growth, as developing countries build capacity, and developed nations repair or rebuild their aging water infrastructures.
Magnetic flowmeters face competition from Coriolis and ultrasonic meters, which have made significant inroads in the overall flow market. In spite of this, magnetic flowmeters are still the technology of choice for many applications.
To remain competitive, suppliers must find ways to keep their costs low and drive incremental improvements to magnetic flowmeter technology.
Strategic Issues
Suppliers need to understand how the dynamics of this market will affect their businesses. Key issues are discussed to guide planning activities.
- Which industries and regions offer the greatest growth potential?
- How can suppliers maintain margins in the face of dropping prices?
- What are the key strategies for success in the magnetic flowmeter business?
- What will be the impact of other modern flow technologies on the magnetic flowmeter market?