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The Asia Pacific Flow Meters Market would witness market 7.1% CAGR during the forecast period (2017 - 2023). The Asia Pacific region would witness rapid growth of flow meters during the forecast period. The growth is due to rapidly growing urban population. The ultrasonic and Coriolis segments would witness significant growth during the forecast period.
The market in India particularly would significantly grow over the forecast period, due to the growing need for water and wastewater management. The Asia Pacific would be a region with tremendous potential for flow meters in water and wastewater management applications. Countries such as China, India, and those in Southeast Asia are witnessing rapid urbanization and industrial development, driving the need for adequate power generation, water supply, and wastewater treatment solutions.
Therefore, the power generation and water and wastewater segments are would grow significantly during the forecast period. Based on Product Type, the Flow Meters market segments the market into Magnetic, Positive Displacement, Differential Pressure, Ultrasonic, Coriolis, Turbine, Vortex, and Others. Based on Application, the Flow Meters market segments the market into into Water & Wastewater, Power Generation, Pulp & Paper, Chemicals, Oil & Gas, Food & Beverages, and Others.
Based on Countries, the Flow Meters market segments the market into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific. The market research report covers the competition analysis of key stake holders of the Asia Pacific Flow Meters Market. Key companies profiled in the report include ABB Ltd., Emerson Electric Co., General Electric (GE), Hitachi, Ltd., Honeywell International, Inc., Siemens AG, VSE Volumentechnik GmbH, Yokogawa Electric Corporation, KROHNE Messtechnik GmbH, and Hntzsch, Inc.