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  • Oil and Gas Mass Flow Controller Market Size,Share and Forecasts 2026

    (, September 10, 2019 ) Market Overview
    The market valuation of Oil and Gas Mass Flow Controller market stood at USD xx million in 2018. The forecasted judgment in 2025 is USD xx million. The expected CAGR is xx% during the forecasting period (2019-2026).

    Market Dynamics
    The Global Oil and Gas Mass Flow Controller market are multiplying due to the rising need for reliable and accurate figures in oil & gas measurements.
    The demand for the need of energy including crude oil, natural gas, coal, nuclear power, and renewable energy will continue to grow without any regards to the price of oil. Hence, the demand for oil & gas flowmeters to measure figure will be a long-term benefit for the market.
    From 2014, the is a decline in crude oil prices while in 2017, the average annual oil price per barrel was 52.51 USD and expected to increase 67 USD per barrel by 2018. The increase or decrease in oil prices is likely to impact the exploration and production of oil. Hence, the long-term prospects for flowmeters for oil & gas measurement appear strong.

    Market Segmentation
    Several types of flowmeters are used to measure gas flow, and each has its features. Some of the common flowmeters used for measurement in oil & gas are Coriolis Flowmeters,
    Ultrasonic Flowmeters, Differential Pressure Flowmeters, Vortex Flowmeters, Positive Displacement Flowmeters, Thermal Flowmeters, and Turbine Flowmeters.
    By Material, it is segmented into Exotic Alloys, Stainless Steel, and Others. The mass flow controllers made of exotic alloys are highly corrosive, can deal with high pressure and temperature.
    The market for these controllers is rapidly growing in various end-user industries such as pharmaceuticals, semiconductor, and chemicals.
    Based on Flow Rate, the market is segmented into High Flow Rate, Low Flow Rate, and Medium Flow Rate.
    The Low Flow Rate segment of the mass flow controller market is expected to grow during the forecast period due to rising demand from medical and pharmaceuticals industries for various applications.

    Geographical Analysis
    Geographically, this report segments the market into North America, Asia-Pacific, Europe, South America, and RoW.
    Asia-Pacific is dominating the global mass flow controller market due to the growing advancement in medical technology and development in healthcare devices.

    Competitive Trends
    In Feb 2018, Fox Thermal Instruments launched their new product: Fox Model FT4X Thermal Mass Flow Meter, designed for serving the Oil & Gas and Industrial Process applications.
    The worlds largest bunkering port in Singapore have enforced the use of mass flow meters (MFM) for bunkering operations from January 2017. As a result, it has become the first port in the world to mandate the use of such fuel measuring device.

    Scope of the report:
    The report profiles the following companies, which includes Azbil Corporation, Alicat Scientific, Brooks Instrument, Horiba, Bronkhorst, Burkert, Parker Hannifin, MKS Instruments, Sierra Instruments, Sensirion, Vogtlin, Tokyo Keiso, and Teledyne Hastings.
    The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles.

    View full sample report:

    Download free sample: /oil-gas-mass-flow-controller-market

    About Us
    DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.

    For more information:
    Sai Kiran
    Sales Manager at Data M Intelligence
    Tel: +1 877 441 4866

    DataM Intelligence

    Sai Kiran

    +1 877 441 4866

    Source: EmailWire.Com


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