With growing Focus of Enterprises on Technological Advancements, Magnetic Flow Meter Market Likely to Grow at 6% CAGR: TMR
- Magnetic flow meter market is likely to show promising growth and touch the valuation of over US$ 2.7 Bn by 2030 end. This growth is attributed to increased demand for magnetic flow meters from many end-use industries.
- North America is one of the lucrative regions in the magnetic flow meter market.
ALBANY, N.Y., Nov. 19, 2020 /PRNewswire/ -- Major vendors working in the global magnetic flow meter market are focused on the volumetric flow and reducing conductivity. Thus, growth in research activities is projected to boost the expansion of the global magnetic flow meter market during the assessment period of 2020 to 2030. In-line, insertion type, and low flow meter are some of the most popular installation types available at present.
Analysts at TMR note that the global magnetic flow meter market is likely to show growth at a decent CAGR of ~6% during 2020 to 2030. This market growth is attributed to the growing use of magnetic flow meter in numerous industries such as water and wastewater treatment, food and beverages, pharmaceuticals, and chemicals.
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Key Findings of Magnetic Flow Meter Market Report
Explore 199 pages of top-notch research, incisive insights, and detailed country-level projections on Magnetic Flow Meter Market (Installation Type: Insertion Type, Low Flow, and In-line; and End-use Industry: Water & Wastewater Treatment, Chemical, Food & Beverages, Power, Paper & Pulp, Metal & Mining, Pharmaceuticals, Oil & Gas, and Others) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2030 at https://www.transparencymarketresearch.com/magnetic-flow-meter-market.html
Magnetic Flow Meter Market: Key Driving Factors and Promising Avenues
Magnetic Flow Meter Market: Competitive Assessment
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The magnetic flow meter market can be segmented as follows:
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