The report forecasts the global flow meter market to grow at a CAGR of 11.45% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: A trend that is boosting market growth is the use of utility data analytics. Utility data analytics solutions are used to collect and analyze the data generated from the smart grid network. This is part of big data analytics used in the energy and utility market. The main aim of utility data analytics is to enable utility providers to optimize their efficiency and minimize losses in the services they offer. It helps to optimize the return on investments (ROI).
According to the report, a key growth driver is the emergence of smart meters. Smart meters are replacing analog and other old technology meters, as these intelligent meters offer characteristics like real-time data management and remote access. Smart meters are being promoted in the residential, commercial, and industrial sectors to record the real-time consumption of the utility services. Besides, they help end-users in analyzing their consumption pattern and cost, thus enabling them to optimize the daily consumption of these services and reduce cost.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- Emerson Electric
- Honeywell International
- Yokogawa Electric
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-user
PART 07: Market segmentation by product type
PART 08: Market segmentation by geography
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 16: Appendix
PART 17: About the Author
For more information visit http://www.researchandmarkets.com/research/9cw9k9/global_flowmeter
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SOURCE Research and Markets