NEW YORK, Jan. 25, 2017 /PRNewswire/ -- Globally, the development of efficient and advanced technology, rising demand from end user industries such as, Water & Wastewater, Refining & Petrochemicals, Oil & Gas, Chemicals and others, flourishing power generation industry, and advantages of stream gauge are the prime growth drivers of the stream gauge market. In addition, an increase in adoption of stream gauge for application in new industrial verticals, and emerging economies such as China, India and others, will create new opportunities for the stream gauge market. However, rising risk of counterfeit products, higher cost of research and development, and higher cost of stream gauge are the key restraints for the stream gauge market.
Geographically, Asia Pacific dominated the stream gauge market, followed by North America. Asia Pacific is projected to have the fastest growth, owing to a rapidly increasing refining & petrochemicals, oil & gas industry, rise in industrial sector, and growing demand from water & waste water industry in developing nations such as China, and India in this region. Among all the applications, Water & Wastewater has the highest market share in the stream gauge market due to a spur in recycling of wash waters. Differential pressure is the market leader among all types of stream gauge.
This report identifies the stream gauge market size for the years 2014-2016, and forecast of the same till the year 2022. It also highlights the market drivers, restraints, growth indicators, challenges, and other key aspects with respect to the stream gauge market.
This report segments the stream gauge market on the basis of type, application, and regional market as follows:
Stream Gauge Market, By Type: Differential Pressure, Positive Displacement Stream Gauge, Ultrasonic Stream Gauge, Turbine Stream Gauge, Magnetic Stream Gauge, Coriolis, Vortex, and Others
The report has focused study on stream gauge market by basis of application such as: Water & Wastewater, Refining & Petrochemicals, Oil & Gas, Chemicals, Power Generation, Pulp & Paper, Food & Beverages, Pharmaceuticals, Metal & Mining, and Others
This report has been further segmented into major regions, which includes detailed analysis of each region such as: North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) covering all the major country level markets in each of the region
This report identifies all the major companies operating in the stream gauge market.
Some of the major companies' profiles in detail are as follows:
Endress+Hauser Management AGYokogawa Electric CorporationKrohne Messtechnik GmbHSchneider Electric SEHoneywell International Inc.
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