- The key vendors in the Global Vortex Flowmeter Market 2014-2018 are Emersion Electric Co., Endress+Hauser and Yokogawa Electric Co.
London, 15 October 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Vortex Flowmeter Market 2014-2018. One of the major trends in this market is the increase in technological advances. Many organizations across industries are looking for technologically advanced vortex flowmeters that can be handled with ease and require less maintenance. Hence, several manufacturers are adding more functionality to their flowmeters. The market is expected to grow at a steady CAGR of 6.92 percent during the forecast period of 2013-2018.
A vortex flowmeter, also known as an oscillatory flowmeter or vortex shedding flowmeter, is used to measure the vibrations of downstream vortexes caused by barriers placed in a moving stream. Vortex flowmeters are used across various process industries such as Oil and Gas, Chemical, Food and Beverage, Pulp and Paper, and Water and Wastewater for various liquid and gas applications.
“The effective deployment of the latest technology vortex flowmeter helps organizations across process industries to enhance their operational efficiency and also helps them to comply with international standards,” says Faisal Ghaus, Vice President of TechNavio Research.
“Many developing countries in the APAC region, such as China and India, are witnessing high demand for vortex flowmeters.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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