Global Coriolis Meters Market to Reach $2.7 Billion by 2025

SAN FRANCISCO, March 28, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Coriolis Meters - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

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Edition: 7; Released: February 2022
Executive Pool: 20881
Companies: 38 - Players covered include ABB; AW-Lake Company; Azbil Corporation; Brooks Instrument; Emerson Electric Co.; Endress+Hauser AG; Honeywell International, Inc.; KROHNE Messtechnik GmbH; Liquid Controls LLC; Malema Engineering Corp.; Rheonik Messtechnik GmbH; Schneider Electric; Siemens AG; Yokogawa Electric Corp. and Others.
Coverage: All major geographies and key segments
Segments: Fluid (Liquids, and Gas); Application (Oil & Gas, Chemicals & Petrochemicals, Food & Beverage, Other Applications)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

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ABSTRACT-

Global Coriolis Meters Market to Reach $2.7 Billion by 2025
A mass flow meter is a device that is used to measure the mass flow rate of a fluid or vapor/gas, travelling along a tube. Coriolis meters are designed to use the inertia produced by the flow of a gas or liquid through an oscillating tube, causing the tube to twist in line with the mass flow rate. Given the high accuracy and reliability offered, Coriolis flowmeters are emerging as a chosen flow measurement technology. Amid the COVID-19 crisis, the global market for Coriolis Meters estimated at US$2.1 Billion in the year 2022, is projected to reach a revised size of US$2.7 Billion by 2025, registering a compounded annual growth rate (CAGR) of 9.2% over the analysis period. United States represents the largest regional market for Coriolis Meters, accounting for an estimated 23.2% share of the global total. The market is projected to reach US$606.9 Million by the close of the analysis period. China is expected to spearhead growth and emerge as the fastest growing regional market with a CAGR of 12.2% over the analysis period.

Global market for Coriolis meters continues to make strong gains globally, driven primarily by the rapidly rising demand for energy across the world and the subsequent increase in planned energy projects being established in various regions, especially in emerging nations. In particular investments into oil & gas projects have been increasingly in developing regions of Asia-Pacific and Middle east, as governments look to address the escalating demand for energy, thus providing favorable outlook for Coriolis meters market. Oil & gas industry uses Coriolis meters for measuring mass flow of fluids. With production of natural and shale gas production rising constantly and investments into deep water projects increasing, the market for Coriolis meters is poised for growth. With energy demand rising, the market for Coriolis flowmeters is expected to witness strong growth in the coming years. Growing demand for energy in particular oil and natural gas is putting increased focus on flow measurement technologies, with customer transfer measurement providing significant potential for growth in the Coriolis flowmeters market. However, high cost involved in installation and calibration of Coriolis meters are the major impediments to adoption of the meters.

The United States represents a promising regional market for Coriolis meters due mainly to the discovery of vast reserves of shale gas and the subsequent rise in demand for the meters in the industry. The shale gas discoveries are also positively impacting the chemical and petrochemicals segments, thus spurring demand for Coriolis meters in the market. In Latin America, rising investments in oil & gas projects and adoption of innovation technology in the oil & gas industry are contributing to high growth in Coriolis meters market. More

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Global Industry Analysts, Inc.
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www.StrategyR.com
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