According to the MRFR analysis, the global Coriolis Meter market size is projected to reach USD 2,232.56 million by 2030 at a CAGR of 10.54%.
Coriolis meters are majorly used to measure the mass flow rate of liquids, even though they have also been used in some gas-flow measurement applications. These meters are used to measure the flow with such high accuracy, so they are widely used to measure high value products. As they measure mass flow, the measurement is not affected by fluid density changes. This meter finds their application in oil & gas, chemicals and petrochemicals, food and beverage sector. Increasing use in oil & gas and water & wastewater industries is one of the major drivers of the market. However, raw material price fluctuations restraint on rinse-off products, and the ongoing COVID-19 pandemic affect market growth.
Coriolis Meter Market Competitive Landscape
The global Coriolis Meter market is highly fragmented and consists of many organized and unorganized industry players. Manufacturers focuses mainly on expansion of production capacities, continuous product launch, and collaborations with key stakeholders to gain a competitive advantage over other players. Key players include Ge Measurements and Control, Honeywell, Brooks Instruments, Yokogawa Electric Corp, Siemens A.G., Emerson, ABB Limited, Tricor Coriolis Technology, and Foxboro.
Coriolis Meter Market Segmentation:
Coriolis Meter Market Segmentation
- Oil & Gas:
- Chemicals and Petrochemicals:
- Food and Beverage:
By Fluid Type
- North America:
- Latin America:
- Middle East & Africa:
Coriolis Meters Market Report Overview:
The Coriolis Meters market is segmented by application, fluid type and region in the report. In terms of insights, this report has focused on various levels of analysis such as market dynamics, value chain analysis, Porter's five forces, competitive landscape, and company profiles—all of which comprise and discuss views on the global Coriolis Meters emerging and fast-growing segments, regions, and countries.
Get More Details About Coriolis Meter Market @ https://www.globenewswire.com/en/news-release/2022/07/18/2481289/0/en/Coriolis-Meters-Market-Worth-USD-2-232-56-Million-by-2030-Growing-at-a-CAGR-of-10-54-Report-by-Market-Research-Future-MRFR.html