New ARC Advisory Group research on the global flowmeters market reveals that users are realigning their operations to adjust with the dynamics in the oil & gas sector, especially upstream activities, with the suppliers following suit. With the benefits of Industrial Internet of Things (IoT) becoming evident, suppliers are looking to integrate connected field devices in their portfolios. The focus now is on instrument efficiency, accuracy, safety, and stability. End user consolidation and globalization of engineering contractors are increasing the size of customer entities.
“Improving energy and resource efficiency has also become an imperative for many manufacturing companies; one that reduces costs and increases efficiency when energy-intensive equipment creates bottlenecks in the plant. Efficient energy usage has a positive impact on asset maintenance costs, equipment lifecycle costs, safety, and overall emissions. ARC also expects to see investments in automation technology as utilities look to identify inefficiencies in their networks, in addition to maximizing the productivity of their workforce by eliminating remote site visits and visual level checking,” according to Arun Mohan, Analyst at ARC Advisory Group and key author of ARC’s Flowmeters Global Market Research report.
About the Flowmeters Research
This ARC research explores historical and current market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the flowmeters market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modeling techniques. The research includes competitive analysis, plus five-year market forecasts by region, industry, flowmeter type, measured medium, sales channels, and customers.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) – personalized spreadsheet includes the current base year market data, two years of historical data, and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.