Friday 1 May 2015, Amsterdam
The report recognizes the following companies as the key players in the Global Thermal Flowmeter Market: ABB Ltd, Emerson Electric Co. and GE
Other Prominent Vendors in the market are: Eldridge Products, Sage Metering, Sierra and Bronkhorst
The report said: “The development of technically advanced thermal flowmeters is one of the key trends upcoming in this market. The growth of the market is influenced by the increase in technological advances worldwide. Today organizations across industries look for technologically advanced thermal flowmeters that can be easily handled and provide more accurate gas flow measures. Many thermal flowmeter manufacturers are using more advanced features.”
According to the report, one of the main drivers for the market is the increased use in continuous emission monitoring systems, which involves use of thermal flowmeters to measure gases. By using the combined measurement of the concentration of SO2 and NOX with a measurement of flowrate, the amount of these gases released into the atmosphere can be determined. This is vital as they have been identified as the major causes of acid rain.
Further, the report states that one of the main challenges in the market is the need for effective product differentiation. The market includes several local, regional, and international vendors that offer similar products at competitive prices, which prompts vendors to differentiate their products to gain market share.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.