The global thermal energy flow metering solutions market is anticipated to grow at a significant CAGR of 5.5% during the forecast period (2022-2028). The thermal energy flow metering solutions market is growing due to the rising demand for the monitoring and measurement of the flow of steam and gas. These solutions offer precision in terms of ideal and economic quantity during the flow measurement. The rising usage of emerging technologies along with the rising use of the internet of things is also driving the growth of the global thermal energy flow metering solutions market. The rising prevalence of using sensors and automation in devices for a high-level safety with a high level of precision is also boosting the market growth. Additionally, the supportive government initiatives and investment in technological advancement and automation of the industry are anticipated to propel the growth of the global thermal energy flow metering solutions market.
A full report of Global Thermal Energy Flow Metering Solutions Market is available at:https://orionmarketreports.com/global-thermal-energy-flow-metering-solutions-market/107219/
The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new launches, to stay competitive in the market. For instance-
- In April 2022, Yokogawa Electric Corp. announced the launch of the OpreX Vortex Flow meter VY Series. These flow meters comply with major explosion-proof standards and are SIL2 certified and will be available in the Southeast Asia, Oceania, India, the Middle East, and South American market initially.
- In December 2021, Schneider Electric announced the launch of the K Series Ultrasonic Heat-Cool Metering Series which is designed to operate effectively with many Schneider Electric Buildings BMS systems using communication with LON, M-Bus, Modbus, BACnet, or as pulse output.
- In October 2021, Micronics Engineered Filtration Group, Inc. announced the launch of ULTRAFLO UF3300 with the latest ultrasonic flow measurement technology, Hydronic liquid flow energy measurement, and a comprehensive data logging facility option.
- In June 2020, ABB announced the launch of its Sensyflow FMT700-P Compact thermal mass flow meter which is designed to test traditional turbochargers and components, including throttle valves, intake fans, and air filters; and examine the performance of hydrogen fuel cells.
- In January 2020, Axioma Metering announced the launch of their new range of products-Qalcosonic E2 ultrasonic heat and water meters with extra-large diameters for thermal energy metering.
Market Coverage
- The market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape-GENERAL ELECTRIC, Kamstrup, Landis+Gyr,Sage Metering, Inc., Siemens, Sierra Instruments, and Yokogawa Electric Corp., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Thermal Energy Flow Metering Solutions Market Report by Segment
By Type
- Insertion
- Portable
- Inline
By Application
- Residential
- Commercial
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