Thermal flow meters are comprised of family of instruments for the measurement of flow of gas through closed conduits and channels. Thermal flow meter introduces heat into the flow stream and measures the dissipation using one or more than one temperature sensors. This method is best suitable for measurement of gas flow considering the variability of heat absorption rate of liquids. There are two key techniques to measure the amount of heat dissipated; however, thermal flow meters uses heat to measure the flow stream. The thermal flow meter primarily finds application in oil and gas, water and waste water treatment and chemical industries among others.
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The major factor driving the growth of thermal flow meter market is due to the increasing demand for continuous emissions monitoring systems (CEMS). Continuous emission monitoring systems is used to continuously record, collect and report the required data related to emission of gasses. Increased government regulations and policies to check environment pollution is driving the demand for continuous emission monitoring systems. This is further leading to the growth of the thermal flow meter market during the forecast period. Moreover, demand for technologically advanced thermal flow meters by end user industries is paving new opportunities for various players in the market.
Need for effective product differentiation is considered as the major challenge faced by various players in the market. This is also considered as a major factor restraining the growth of the market during the forecast period. However the overall thermal flow meter is expected to grow during the forecast period owing to the increased expenditure on oil & gas, chemical and other industries.
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The market is segmented on the basis of end users by: oil & gas industries, water and waste treatment, food and beverages industry, chemical and petrochemical industries, pulp and paper industries and others. Increasing application of thermal flow meters from various industries is further driving the overall growth of the market. The market can be further segmented on the basis of type into: insertion thermal flow meter, portable thermal flow meters, portable thermal flow meters and Inline thermal flow meters. The sensors used in thermal flow meters includes temperature sensors and flow sensors.
The market is segmented on the basis of geography into four broad segments: North America, Asia pacific, Europe and Rest of the World (ROW). Presently, Asia Pacific is a major contributor to the thermal flow meter market in terms of revenue and is expected to see robust growth during the forecast period. The growth in this region is attributed to the increasing number of industries in the region. Furthermore, increasing expenditure on infrastructure in this region is driving the market growth.