AP NEWS

Global Flowmeter Market 2019-2023 | Rising Production of Shale Gas to Drive Growth | Technavio

January 9, 2019

LONDON--(BUSINESS WIRE)--Jan 9, 2019--The global flowmeter market research report by predicts the market to post a CAGR of close to 6% during the period 2019-2023.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190109005485/en/

Technavio predicts the global flowmeter market to post a CAGR of close to 6% by 2023. (Graphic: Business Wire)

A key driver for the global flowmeter market is the rising production of shale gas. The scope for the adoption of gas detection products and solutions is rising due to the increasing shale gas production in countries such as the US, Russia, Iran, Qatar, Canada, China, Norway, and Saudi Arabia. This is promoting the adoption of flowmeters. Additionally, the presence of government mandates and need to minimize casualties are also fueling the adoption of flowmeters in shale gas production processes.

As per Technavio, the gradual recovery of upstream activity will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

This report is available at a USD 1,000 discount for a limited time only:

Global flowmeter market: Gradual recovery of upstream activity

Flowmeters, particularly flowmeters with multiphase technology, play an important role in upstream activity in the oil and gas industry. Once petroleum liquid reaches the surface in the upstream sector, it goes through a test separator to physically separate the oil, gas, and water. A flowmeter measures each fluid as it leaves the separator and analyses the content and the flow of oil, water, and gas as they leave the well on a real-time basis, which allows operators to improve the analysis of the contents of the reservoir.

“Onshore rig utilization has grown considerably in many countries over the last year with increasing crude oil price. This indicates growth in E&P activities and drives the demand for flowmeters from the upstream sector. The biggest growth opportunities are anticipated to arise from the resurging investments in shale resources in the US, which is a key oil and gas market,” says a senior research analyst at Technavio.

Global flowmeter market: Segmentation analysis

This flowmeter market analysis report segments the market by end-users (industrial, commercial, and residential) and geography (the Americas, APAC, and EMEA).

The industrial segment held the largest flowmeter market share in 2018, accounting for over 56% of the market. This end-user segment is expected to dominate the global market throughout the forecast period.

The EMEA region led the market in 2018 with more than 36% of the market share, followed by the Americas and APAC respectively. The EMEA region is expected to dominate the market throughout the period 2019-2023.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20190109005485/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY HARDWARE

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 01/09/2019 09:00 AM/DISC: 01/09/2019 09:01 AM

http://www.businesswire.com/news/home/20190109005485/en

AP RADIO
Update hourly