Published Date: 2-Nov-2021
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According to a new report Global Oxygen Flow Meters Market, published by KBV research, The Global Oxygen Flow Meters Market size is expected to reach $1.5 billion by 2027, rising at a market growth of 5.4% CAGR during the forecast period.
The plug-in type segment procured the maximum revenue share of the oxygen flow meters market in 2020. The segment is likely to display a prominent growth rate during the forecasting period. Plug-in type O2 flow meters are mainly utilized in the healthcare industry such as clinics, hospitals, and surgical facilities. These O2 meters are utilized to monitor or regulate high-pressurized oxygen supplied from the oxygen cylinder.
The industrial segment procured the prominent revenue share of the oxygen flow meters market in 2020. There is a fast industrial development and urbanization in nations like China, India, and Southeast Asian nations. Industrial oxygen commonly requires purity and has no specific needs for other sanitary conditions. With the massive development in steel production to cater to the demand from upcoming infrastructural projects, the makers of industrial oxygen are compelled to deploy septimated technologies to enhance their production capabilities.
In 2020, APAC emerged as the leading region in the oxygen flow meters market by obtaining the maximum revenue share. In this region, the healthcare industry is witnessing a huge deployment of O2 flow meters, hence supporting the development of the regional oxygen flow meters market in the upcoming years. Due to this, the demand for clamp-type and plug-in oxygen flow meters for biotechnology and pharmaceutical management would increase in the region.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Dwyer Instruments LTD. (Arcline Investment Management), HERSILL Ohio Medical (Tenex Capital Management), Precision Medical, Inc., Penlon (BPL Medical Technologies), DZ Medicale, Burak Metering, Megasan Medical, SHANGHAI AMCAREMED TECHNOLOGY Co., LIMITED, and Heyer Medical (AEONMED Group).
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