The Magnetic Flowmeters market research delivers current market analysis plus a five year market and technology forecast. The research also takes a closer look at upcoming market and technology trends related to magnetic flowmeters. It is available in multiple editions including worldwide, all regions, and most major countries.
Magnetic Flowmeters Market: Demand for Accurate and Reliable Flow Measurement Drives Growth
According to recent ARC Advisory Group research, as industries continue to prioritize precision and efficiency, the demand for magnetic flowmeters is expected to grow. Ongoing advancements in technology, such as improved sensor designs, digital signal processing, and communication capabilities further enhance the performance and usability of magnetic flowmeters, reinforcing their position as a preferred choice for flow measurement applications. Magnetic flowmeters provide highly accurate and reliable measurements, making them a preferred choice for applications where precision is paramount. Industries such as water and wastewater management, chemical processing, food and beverage production, pharmaceuticals, and oil and gas rely on magnetic flowmeters to monitor and control fluid flows. These flowmeters offer benefits such as non-intrusive measurement, wide fluid compatibility, and resistance to harsh environments. Their ability to handle corrosive and abrasive fluids, coupled with their low maintenance
requirements, make them ideal for challenging industrial settings.
Magnetic Flowmeters Strategic Issues
In addition to providing a five-year market forecast, the Magnetic Flowmeter Market Research Report provides detailed quantitative current market data and addresses key strategic issues as follows:
Leverage Smart Sensors and Field Devices
Users need to focus on leveraging smart field systems to create value in process industries. Smart sensors, as an enabler for Industrial IoT, will play an increasingly important role in process automation in the future. ARC also recommends that users work closely with suppliers and other stakeholders to better understand how to measure return on investment and share best practices for intelligent device management. Users should always seek opportunities to leverage industry standards such as ISA 108 (intelligent device management) to improve their own plants’ operational performance and help promote application of smart field systems and intelligent device management in their respective industries.
Utilize Asset Management Features
Plant asset management (PAM) has become an important tool in helping users assess the health of their production assets and processes, and it is instrumental in developing effective predictive maintenance programs and achieving operational excellence. A key enabler of PAM is intelligent field devices with diagnostic capabilities. Although a large number of intelligent field devices have been installed in plants around the world, they are often underutilized. In many cases, the onboard intelligence is only accessed locally via a handheld communicator when a device is commissioned. End users should provide training, education, and support programs to plant staff to realize the benefits that smart field devices offer. End users should work with suppliers to get clear demonstrations of how embedded device diagnostics can help them assess not only the condition of the device but also the condition of the process.
Ethernet Connectivity for Greater Process Insight
Ethernet connection is generating a lot of interest in both the user and supplier communities. Ethernet offers many benefits such as lower total cost of ownership (TCO), improved adaptability, better security, widespread availability, and market familiarity. It offers improved connectivity and functionality, allowing for easier access to measurement information. In recent years, networking technology has also overcome many of its disadvantages that hindered adoption in the industrial world. Using fiber-optic cables, Ethernet can be deployed for longer distances. Ethernet switches for hazardous areas are available and users also have the option of Power over Ethernet (PoE), so there is no need to run additional lines for power supply. In the process world, Ethernet can now connect a wide range of field instruments, including flowmeters, to the central control system.
Suppliers are now offering Ethernet modules to allow easy integration of their flowmeters into Ethernet/IP control systems. Several suppliers are also offering native Ethernet connectivity with Ethernet ports directly integrated in the device, with no need for extra converters or adapters. The Ethernet connection aids easy configuration, monitoring, and maintenance. Users can use web servers to remotely view device data, conduct diagnostics, and configure the flowmeter. As owner-operators strive to simplify operations and achieve higher efficiency, ARC sees rising adoption of Industrial Ethernet.
Formats and Editions Available
This market research may be purchased as a MIRA Service, an Excel Workbook, and/or as a Market Analysis Report (PDF). MIRA Services help unlock the full benefits of ARC’s market intelligence, making the data more actionable for you by adding qualitative context to our market data in an online environment unique to each customer. Regional editions include country and industry market data. Formats available are listed below:
|MIRA Services||MIRA Workbook||Market Analysis PDF|
|Worldwide (includes regional data)||Yes||Yes||Yes|
|North America (includes regional data)||Yes||Yes||No|
|Europe, Middle East, Africa (includes regional data)||Yes||Yes||No|
|Asia (includes regional data)||Yes||Yes||No|
|Latin America (includes regional data)||Yes||Yes||No|
Table of contents for this research is shown in the following paragraphs.
Worldwide Research Focus Areas
Regional Research Focus Areas
- Leading Suppliers in Region
- Industry Shares in Region
- Country Shares in Region
- Leading Suppliers by Industry
Market Forecasts and Histories
- Market Forecast and History by Country
- Market Forecast and History by Industry
List of countries & currencies included in each region: MIRA- Country