TechNavio today launched its report Global Coriolis Flowmeter Market 2012-2016based on an in-depth analysis covering the Americas, and the EMEA, and APAC regions. The report aims to aid decision makers™ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio™s Engineering team said: Organizations across industries are demanding technological advanced Coriolis flowmeters that are easy to use and require less maintenance. Hence, several manufacturers of Coriolis flowmeters have begun to strive to add more functionality to their Coriolis flowmeters. For instance, some manufacturers have developed Coriolis flowmeters that have features such as remote diagnostics. These additional features encourage organizations across various industries such as Chemical, Petrochemical, Food and Beverage, and Oil and Gas, to opt for Coriolis flowmeters rather than other flowmeters such as ultrasonic flowmeters and magnetic flowmeters.
According to the report, the need to enhance organizational efficiency is one of the major drivers in the Global Coriolis Flowmeter market. It is important for organizations to enhance their organizational productivity, for ensuring continuous growth in the highly competitive business environment. The improvement in operational efficiency is ensured by effective deployment of technologically advanced Coriolis flowmeters, as they ensure flow measurement. Additionally, various advantages such as increase in accuracy and reliability when compared to other flowmeters, reduction in wear and tear, and cost reduction are the various factors increasing its usage by organizations, thus driving growth of the Global Coriolis Flowmeter market during the forecast period.
Further, the report discusses that the high initial capital is one of the major challenges in the Global Coriolis Flowmeter market.
The report also includes a discussion of the key vendors operating in this market. The key vendors dominating this market space are Emerson Electric Co., GE Co., and Siemens AG. The other vendors mentioned in the report are Invensys plc, Krohne Group, Yokogawa Electric Corp. Inc., ABB Ltd., Endress+Hauser, Brabender Technologie GmbH & Co. KG, and Malema Engineering Corp.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-coriolis-flowmeter-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Research report – Global Coriolis Flowmeter Market 2012-2016
