According to Transparency Market Research, there’s an escalating demand for thermal energy flow metering solutions that has companies extending their product portfolio, globally. In addition to new products, these companies are promoting product differentiation by adding more features to their existing products. They are designing thermal flow meters that provide exceptional accuracy and repeatability over a wide range of flow rates and can even gauge flow in large pipes. This, coupled with numerous manufacturers in the space, makes the thermal energy flow metering solutions market highly competitive.
Further, entry of new players is also predicted to heat up competition in the global thermal energy flow metering solutions market in the near future.
Some of the prominent participants in the global thermal energy flow metering solutions market are QMC, ABB Ltd, Elster Water, Siemens, Enercare Connections Inc., Fluid Components LLC, Emerson Electric Co., Kamstrup Group, Sage Metering, Landis+Gyr AG, Shenitech LLC, GE Electric Co., Sierra Instruments Inc., Yokogawa Electric, and Corporation.
According to a report by Transparency Market Research, the global thermal energy flow metering solutions market will likely register a CAGR of 5.9% from 2017 to 2025 to become worth $4.706 Billion by 2025. Talking points include:
- Technological Progress Drives Maximum Growth in Asia Pacific Market
- Onsite Power Generation Initiatives by Nations Drives Market
- Rising adoption of hybrid metering systems is expected to crimp sales of thermal energy flow meters in the next couple of years
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