After a slight stumble in 2010 in the wake of the global recession, the worldwide flow meter market has rebounded strongly, growing at double digit rates through 2011 and 2012 as suppliers fulfilled pent up demand in the power, mining, and oil & gas industries.
“Sales of major flowmeter technologies will continue to move at brisk rates going forward, driven by increased business in the chemical and energy sectors. Flowmeter suppliers will benefit from investment and expansion activities, and they have aligned their business goals to capitalize on growing industry segments and geographic regions that will enable them to increase market share,” according to Senior Analyst Allen Avery, principal author of ARC’s “Flowmeter Global Market Research Study”.
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