Market Overview:
The global electromagnetic flowmeter converters market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electromagnetic flowmeter converters in explosion-proof environments and outdoor environments. Additionally, the growing demand for smart meters is also contributing to the growth of this market. However, factors such as high installation and maintenance costs may restrain the growth of this market during the forecast period. On basis of type, integrated type held a major share of the global electromagnetic flowmeter converters market in 2017 and is expected to maintain its dominance duringthe forecast period. This can be attributedto its advantages such as low installation and maintenance costs as well as easy operability when compared with remote type .
Product Definition:
An electromagnetic flowmeter converter is a device that converts an electromagnetic flowmeter signal into an electrical signal that can be processed by a controller or read by a display. The importance of the electromagnetic flowmeter converter is to provide a means for taking the output of the meter and making it usable by other devices.
Integrated Type:
Integrated type flowmeter converter is a device that converts the analog signals received from the upstream devices into digital form and further converts it to drive an E&P sensor of any downstream device. The integrated type flowmeter converter has gained popularity in recent years owing to its ability to offer high accuracy, reliability, and cost-effectiveness.
Remote Type:
The remote type flowmeter is a device used to measure the volume of liquid or gas passing through it. It can be either mechanical or electronic in nature and its operation depends on the mechanism that operates it. The most common types are rotary, diaphragm, piston and volumetric among others. Electronic remote type flowmeters are more accurate as compared to mechanical ones but their price is higher owing to advanced technology used in them which may not be compatible with older systems.
Application Insights:
The outdoor environments segment dominated the global market in terms of revenue share in 2017. This is attributed to the wide application scope of these devices, which include oil & gas, mining, construction and civil engineering industries. The usage of EFM systems for measuring flow rates in ducts and pipes has become common owing to their low cost as compared to other methods such as manometers or pressure gauges.
Electromagnetic flowmeters are used extensively across different industries including oil & gas, power generation and others for process monitoring applications due to their accuracy levels and robustness against vibration or movement. They can be used with ease across a wide range of temperature conditions since they operate on the principles of magnetic induction; this feature also makes them suitable for use in explosion-proof environments (EFA).
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to stringent government regulations, high product demand, and increasing R&D activities by various organizations. Europe accounted for a significant share of revenue in 2017 owing to growing product adoption by several major end-users such as oil & gas, mining and manufacturing industries.
The presence of numerous unexplored mineral reserves along with huge investment opportunities offered by developing nations such as Australia has attracted several multinational companies for establishing their businesses in this region which has resulted into increased demand for flow measurement devices over the past few years.
Growth Factors:
- Increasing demand for energy efficient flow measurement solutions
- Growing popularity of electromagnetic flowmeters over traditional technologies
- Rising need to monitor and control fluid flows in various industries
- Advances in sensor and signal processing technology
- Proliferation of smart grid infrastructure
Scope Of The Report
Report Attributes
Report Details
Report Title
Electromagnetic Flowmeter Converters Market Research Report
By Type
Integrated Type, Remote Type
By Application
Explosion-Proof Environments, Outdoor Environments
By Companies
Azbil, ASA, Honeywell, Yokogawa Electric, Isoil Industria, ABB, Toshiba, Beijing ZhongRuiZhiCheng Tech, Schneider Electric, Azbil
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
215
Number of Tables & Figures
151
Customization Available
Yes, the report can be customized as per your need.
Global Electromagnetic Flowmeter Converters Market Report Segments:
The global Electromagnetic Flowmeter Converters market is segmented on the basis of:
Types
Integrated Type, Remote Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Explosion-Proof Environments, Outdoor Environments
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Azbil
- ASA
- Honeywell
- Yokogawa Electric
- Isoil Industria
- ABB
- Toshiba
- Beijing ZhongRuiZhiCheng Tech
- Schneider Electric
- Azbil
Highlights of The Electromagnetic Flowmeter Converters Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Integrated Type
- Remote Type
- By Application:
- Explosion-Proof Environments
- Outdoor Environments
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electromagnetic Flowmeter Converters Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electromagnetic flowmeter converters are devices that convert the output of an electromagnetic flowmeter into a standard analog or digital format. This allows for more accurate readings, as well as easier data transfer between instruments.
Some of the key players operating in the electromagnetic flowmeter converters market are Azbil, ASA, Honeywell, Yokogawa Electric, Isoil Industria, ABB, Toshiba, Beijing ZhongRuiZhiCheng Tech, Schneider Electric, Azbil.
The electromagnetic flowmeter converters market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electromagnetic Flowmeter Converters Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electromagnetic Flowmeter Converters Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electromagnetic Flowmeter Converters Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electromagnetic Flowmeter Converters Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electromagnetic Flowmeter Converters Market Size & Forecast, 2020-2028
4.5.1 Electromagnetic Flowmeter Converters Market Size and Y-o-Y Growth
4.5.2 Electromagnetic Flowmeter Converters Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Integrated Type
5.2.2 Remote Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Explosion-Proof Environments
6.2.2 Outdoor Environments
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electromagnetic Flowmeter Converters Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electromagnetic Flowmeter Converters Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Integrated Type
9.6.2 Remote Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Explosion-Proof Environments
9.10.2 Outdoor Environments
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Integrated Type
10.6.2 Remote Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Explosion-Proof Environments
10.10.2 Outdoor Environments
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Integrated Type
11.6.2 Remote Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Explosion-Proof Environments
11.10.2 Outdoor Environments
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Integrated Type
12.6.2 Remote Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Explosion-Proof Environments
12.10.2 Outdoor Environments
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Integrated Type
13.6.2 Remote Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Explosion-Proof Environments
13.10.2 Outdoor Environments
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electromagnetic Flowmeter Converters Market: Competitive Dashboard
14.2 Global Electromagnetic Flowmeter Converters Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Azbil
14.3.2 ASA
14.3.3 Honeywell
14.3.4 Yokogawa Electric
14.3.5 Isoil Industria
14.3.6 ABB
14.3.7 Toshiba
14.3.8 Beijing ZhongRuiZhiCheng Tech
14.3.9 Schneider Electric
14.3.10 Azbil
