Emergence of high performance as well as affordable variable area flowmeters is anticipated to offer lucrative growth prospects for the players in global variable area flowmeters market in coming years. Products in the global variable area flowmeters market are effective when it comes to measuring both liquids as well as gases. They are made using various materials including metal, plastic, and glass. Products in the global variable area flowmeters market find applications in various end use industry verticals such as chemicals, pharmaceuticals, paper and pulp, oil and gas, metals, water and wastewater treatment, food and beverages, and power, among others.
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North America Holds the Leading Share in Variable Area Flowmeters Market
Regionally, North America is expected to hold a dominant share in the global variable area flowmeters market in coming years owing to technological developments in the region pertaining to variable area flowmeters as well as rising need for these products in the region. Besides North America, another region expected to witness considerable growth opportunities in the global variable area flowmeters market is Europe. This trend can be attributed to increasing demand for products in the global variable area flowmeters market by industries such as food and beverages, oil and gas, chemical, and pharmaceutical in Europe region.
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Players in the global variable area flowmeters market are engaged in growth strategies such as research and development as well as strategic collaborations in order to gain an upper hand in the industry’s competitive landscape. They are focused on deriving new formulations and upgrading their product offerings to suit consumer needs. Some of the major and incumbent players and manufacturers in the global variable area flowmeters market include Yokogawa Electric Corporation, Omega Engineering Inc., Elettrotec SRL, Honeywell International Inc., Riels Instruments SRL, KROHNE Messtechnik GmbH, Siemens AG, and Emerson Electric Co., among others.