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A Forecasted $1.6 Billion Market growth in Gas Flow, Sensors, and Gas Metering By 2021

NEW YORK, April 24, 2017 /PRNewswire/ --

Highlights
-The world market for gas meters, sensors, monitors, and secondary flow instrument recorded grow of $5.3 billion in 2016.

 The forecasts predicts a growth of about $6.9 billion by 2021.

  • With a compound annual growth rate (CAGR) of 5.3% from 2016.

Gas flow sensors/monitors holds the largest share in the market.

  • And it is projected to grow to approximately $3.4 billion from $2.6 billion
  • At a CAGR of 4.5% by 2021.

There is potential increase of about $ 0.5 billion.

  • From gas flow meters market to approximately $2.6 billion.
  • At a CAGR of 4.5% by 2021.

 

Read the full report: http://www.reportlinker.com/p0297997/Gas-Sensors-and-Gas-Metering-Applications-and-Markets.html

Use this report to:
- Learn about the basic concepts, principles of operation, and equipment used for gas metering, gas sensing/monitoring, secondary gas flow instrumentation, and sampling.
- Evaluate the application envelopes of various gas flow metering technologies.
- Analyze the current status of gas meters and sensor/monitors in commercial markets.
- Learn about design criteria and the importance of accuracy in gas flow meters, sensors/monitors, and secondary flow instrumentation industry.

INTRODUCTION


STUDY GOALS AND OBJECTIVES
This report is an update of an earlier (2014) BCC Research study on gas metering and gas sensors/monitoring, including instrumentation, process control, and automation systems for different applications. This updated report builds on the earlier work by describing and analyzing developments in the markets for commercial gas meters and gas sensors/monitors since 2014 and developing revised market projections that reflect these developments.


Specific objectives of this report thus include the following:

- Understanding metering requirements.
- Appreciating design criteria and the importance of accuracy.
- Understanding measurement concepts and types of error.
- Understanding the basic concepts, principle of operation, and equipment used for gas metering, gas sensing/monitoring, secondary gas flow instrumentation, and sampling.
- Understanding the typical operations, control functions and record keeping requirements.
- Evaluating the application envelopes of the various gas flow metering technologies.
- Providing a critical evaluation of the current status of gas meter and sensor/monitor commercial markets.
- the role of gas metering and sensing/monitoring in various applications segments, including custody transfer of natural gas, stack and flare systems, utilities, crude oil and natural gas production/ processing, and low gas flow rates (e.g., chemical manufacturing, and metal fabrication and processing).
- Discussing and analyzing the current status and future supply and demand issues for gas meters and sensors/monitors and thus providing consumers with an insight into the dynamics of the business.
- Identifying future business opportunities.



REASONS FOR DOING THE STUDY
AND
INTENDED AUDIENCE
The market for gas flow meters and gas flow sensors and monitors has experienced considerable changes in the last four years, including internal changes (e.g., as a result of technological developments) and external shifts, particularly the global economic weakness that has persisted since the 2008-2009 recession.

This report provides information useful to anyone concerned with the manufacturing, marketing, operation, and maintenance of gas metering and gas sensing/monitoring systems, including the following:
- Operations engineers.
- Graduate engineers.
- Supervisors.
- Operators.
- Metering specialists/technicians.
- Project developers.
- Government experts from developed and developing countries.
- Technology providers.
- Verifiers/certifiers and validators.
- Financial intermediaries (banks, insurance companies).
- Brokers and traders interested in metering and sensing/monitoring market developments and regulatory trends.
- Law firms.
- Accounting and auditing firms.
- Marketing managers.
- Senior petrochemical executives.

SCOPE OF REPORT
This report presents data on demand for gas metering and gas sensors/monitors for different applications in current U.S. dollars for the major global regions. Market share is presented for all major products, applications, gases, players/regions, and at the global level. Profiles are included for leading suppliers worldwide. The report begins with an overview of gas sensing and monitoring technologies, including a brief history, major products, and a market summary. Subsequent sections describe major gas sensing and monitoring technologies in greater detail, identify key suppliers, and present comprehensive market estimates and projections. A separate chapter examines the geographical structure of the market.


METHODOLOGY
Both primary and secondary research methodologies were used in preparing this report. BCC Research conducted an extensive international user survey in preparing the previous edition of this report. Users in the following countries were interviewed:
- North America
o U.S.
o Canada.
- Europe
o U.K.
o Germany.
o France.
Asia
o China.
o Japan.
o Singapore.
- Rest of the World
o Central and South America.
o Africa and the Middle East.


BCC Research supplemented the earlier survey's findings with a literature review and key-informant interviews. The results of this process were combined with BCC Research's analysis of historical trends in carbon dioxide (CO2) demand and projected trends in major market drivers to obtain the market estimates and projections contained in this report.



INFORMATION SOURCES
Information sources include trade data (national and international), company publicity literature, conference reports, world trade technical journals, and interviews with company representatives.


ANALYSTS' CREDENTIALS
Dr. Edward Gobina is the author of the original report upon which this update is based. Dr. Gobina is a research professor in Chemical and Processing Engineering and has more than 18 years of research and teaching experience in environmental engineering, petrochemical reaction engineering, and catalysis and membrane technology. He has been published extensively, with more than 100 relevant publications in international scientific journals. The analyst responsible for updating the report is Andrew McWilliams, a partner in the Boston-based international technology and marketing consulting firm, 43rd Parallel LLC. Mr. McWilliams is the author of numerous other BCC Research reports, including CHM041E The Global Industrial Gas Business; IAS027D MEMS: Biosensors and Nanosensors; EGY055C Building the Global Hydrogen Economy: Technologies and Opportunities; and SMC051D Microelectromechanical Systems (MEMS) Technology: Current and Future Markets.

Read the full report: http://www.reportlinker.com/p0297997/Gas-Sensors-and-Gas-Metering-Applications-and-Markets.html

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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/a-forecasted-16-billion-market-growth-in-gas-flow-sensors-and-gas-metering-by-2021-300444778.html