Flow Sensors Market

Date: 2016-05

Flow sensor is a device which is used to measure the flow rate and other variables of fluid passing through. A flow sensor usually consists of an indicator, top, scale and tube. The sensitivity of flow sensor is determined by fluid characteristics like pressure, density, temperature, and viscosity. Like most sensors, key performance characteristics are measured by repeatability, accuracy, linearity, and range-ability of the sensor. After a minor slowdown in 2010 in the aftermath of the global recession, the global flow sensor market has recovered impressively, resuming its double digit growth rates in 2011 and 2012 as manufactures fulfilled the pent up demand in the mining, oil and gas, and power sector.

Revenues of major flow sensor technologies like magnetic, ultrasonic and coriolis sensors will continue their high growth rates going forward, driven by expansion in the process industries. Flow Sensor OEMs will benefit from this high trend growth rates in key markets like chemical and energy, and must align their commercial goals to capitalize on growing business segments and geographies that will enable them to increase market share.

The report tries to project the global demand for flow sensors for 2014 and to estimate its anticipated demand till 2019. The report analyses in detail the quantitative and qualitative aspects of the global flow sensors market. The report aggregates data from secondary sources such as directories and databases with subjective insights from industry experts through interviews to assess the future prospects of the flow sensors market.

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