Market Share of Intelligent Flow Meter Industry
The global intelligent flow meter market is fragmented, with each vendor providing multiple flowmeters for various industries. The competitive rivalry among existing competitors is high. Moreover, the demand in the intelligent flowmeter market is expected to be boosted by large companies' product innovation and expansion strategies. The flowmeter market has some major manufacturers, such as Siemens AG, Emerson Electric, Sensirion, and others, contributing to the competitive rivalry. Such vendors are established and have deep penetration in the market for flow meters. Some of the key developments in the area are:
- February 2022 - KROHNE unveiled the FOCUS-1 prototype as an innovation that unites valve and measuring technology with unique diagnostics and control functions in one device. FOCUS-1 is available as a standard product, which is claimed by the company as the world's first intelligent process node specifically developed for the process industries.
- December 2021 - ABB introduced the world's first electromagnetic flowmeter with bidirectional connectivity to enable intelligent water loss management.
Intelligent Flow Meter Market Leaders
Emerson Electric Co.
ABB
Siemens
Honeywell International Inc.
Endress+Hauser Group Services AG
*Disclaimer: Major Players sorted in no particular order
