Global Orifice Plate Flowmeter Market Projected To Grow At 4.6% CAGR Over 2017-2021

Date: 2017-05-17

An orifice plate is a device used for measuring flow rate, for reducing pressure or for restricting flow. An orifice plate is a thin plate with a hole in it, which is usually placed in a pipe. It uses the same principle as a Venturi nozzle, namely Bernoulli’s principle which states that there is a relationship between the pressure of the fluid and the velocity of the fluid. When the velocity increases, the pressure decreases and vice versa.

Orifice plates are most commonly used to measure flow rates in pipes which used in the industrial, commercial and residential which to measure flow rate, thanks to the increasing constructions of industrials, industrial sectors are expected to be the fastest end-users of Orifice Plate Flowmeter, followed by commercial and residential customers, according to research, the global Orifice Plate Flowmeter market is projected to grow at 4.6% CAGR over 2017-2021.

Geographically, the North America accounted for the largest market; however, the Asia Pacific is projected to experience the fastest growing market during the forecast period, the key factors impacting the market such as urbanization and infrastructural activities in these regions, especial China, China is expected to grow at the fastest pace during the forecast period. 

In terms of type, Plates are commonly made with sharp-edged circular orifices and installed concentric with the pipe and with pressure tappings at one of three standard pairs of distances upstream and downstream of the plate.

Global top manufacturers operating in Orifice Plate Flowmeter Market are Dwyer Instruments, Spirax Sarco UK, Emerson, Siemens AG, ABB, Salzer Electronics Ltd, Katko, Ensto, Lovato Electric, Benedict GMBH, Kraus & Naimer and GE. among others.

Global Orifice Plate Flowmeter market share by region as following:

Read Full Report: http://www.gosreports.com/global-orifice-plate-flowmeter-market-research-report-2016/

Joanna | Executive – International Business and partner Relations
E-mail: info@gosreports.com | Tel: 510-400-8520
Web: www.gosreports.com
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