Coriolis Meters Market worth $1,932.5 Million by 2019, According to a New Study on ASDReports

Thursday 27 November 2014, Amsterdam

The new report, now available on ASDReports, "Coriolis Meters Market by Application (Oil & Gas, Chemicals and Petrochemicals, Food and Beverage, and Others), by Fluid type (Liquid and Gas), & Geography - Global trends and forecast till 2019", defines and segments the global Coriolis meters market with an analysis and revenue forecast. The Coriolis meters market is projected to grow from an estimated value of $1,145 million in 2014 to $1,932.5 million by 2019 at a CAGR of 11.04% from 2014 to 2019.


North America: The largest market for Coriolis meters

North America holds the largest market for Coriolis meters due to shale gas discoveries taking place in the oil &gas segment. This also impacts the chemicals and petrochemicals segment. The U.S. dominates the market in this region due to the development of shale gas and technological innovations.


Liquid usage: Biggest segment by fluid type

The Coriolis meters market can be classified on the basis of the fluid measured in it, that is liquid or gas. The liquid usage segment holds the largest market share across the globe for Coriolis meters.


Oil & gas: Biggest segment by application

The oil & gas segment holds the major share in the Coriolis meters application market. Oil & Gas segment is growing due to the increasing investments in Asia-Pacific and the Middle-East and Africa region in energy sector projects.

Key players in the industry are profiled in detail along with, their recent developments. Some of them include Emerson Inc. (U.S.), Siemens AG (Germany), Yokogawa Electric Corporation (Japan), ABB Ltd. (Switzerland), and Schneider Electric Co. (France) among others.