iCrowd Newswire
17 Sep 2021, 21:49 GMT+10
Global in-line transit time ultrasonic flow meter sales are set to be valued at US$ 337.5 Mn in 2021, with a stable long-term projection, according to latest insights by Persistence Market Research. The report estimates the market to expand at over 6% CAGR from 2021 to 2031. Growing need for precise flow measurement technologies has led to heightened demand for in-line transit time ultrasonic flow meters from sectors such as oil & gas, power generation, and chemicals. Rapid technological advancements are also projected to complement market growth over the coming years.
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Demand for in-line transit time ultrasonic flow meter waned in 2020 due to the COVID-19 pandemic. However, the oil & gas industry is in a recovery mode, which bodes well for the sales of these meters in future. Considering the possibility of a stimulus in many countries, the long-term outlook on the market remains positive.
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Tags: In Line Transit Time Ultrasonic Flow Meter Market Outlook, In Line Transit Time Ultrasonic Flow Meter Market Share, In Line Transit Time Ultrasonic Flow Meter Suppliers, US In Line Transit Time Ultrasonic Flow Meter Market, In Line Transit Time Ultrasonic Flow Meter Market
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