TechNavio recognizes the following companies as the key players in the Global Turbine Flowmeter Market: Emerson Electric Co, GE Co., and RMG Group.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”The development of high performance turbine flowmeters is one of the major trends in the Global Turbine Flowmeter market. Despite the low growth rate of the market, the turbine flowmeter manufacturers are improving the performance of flowmeters by using high quality components. For instance, turbine flowmeter manufacturers started using ceramic ball bearings for increasing the durability of these meters. In addition, some of the notable vendors, for instance Emerson Electric Co., in the Global Turbine Flowmeter market continue to add some new products to their portfolio. Thus, with this emerging trend the Global Turbine Flowmeter market is witnessing a positive growth during the forecast period.”
According to the report, demand for replacement activities is one of the major factors that drive the Global Turbine Flowmeter market. Turbine flowmeters had been installed in large numbers in several industries such as Water and Wastewater and Oil and Gas. Many of these end-users prefer to continue to operate with existing turbine flowmeters with a desired output. These end-users are involved in replacing turbine flowmeters and related components. Thus, the increasing demand from existing users drives the Global Turbine Flowmeter market.
Further, the report states that the increasing competition from cross-technology flowmeters is one of the major challenges in the Global Turbine Flowmeter market. Turbine flowmeters face stiff competition from other types of flowmeter such as coriolis, vortex, ultrasonic, and magnetic flowmeters.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Hoffer Flow Controls Inc., Cameron International Corp., Badger Meter Inc. and Aichi Tokei Denki Co. Ltd.
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-turbine-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 Turbine Flowmeter Market 2012-2016
