Flow sensors are used to measure the flow rate of a liquid or gas, and are used in equipment such
as flow meters. Flow meters are instruments used for measuring the volumetric, linear, or non-linear
flow rate of a liquid or gas. Oil and gas exploration activities, coupled with growing focus on
renewable energy development are expected to be the key market driver over the forecast period.
Energy efficiency has been witnessing growing emphasis since the past few years. Numerous
initiatives have been undertaken to promote and ensure energy efficiency across the globe. This is
expected to result in favorable market outlook and aid industry growth.
Flow meters are an essential component in HVAC applications. Cooling related costs form a sizable
component of the overall operational cost of a building. By installing flow meters, the flow of water in
the cooling system can be measured, which helps in significant reduction of energy costs. Since flow
sensors are an integral part of these instruments, focus on controlling overall system costs is
expected to drive the market. Using flow sensors also aids in detecting energy losses. Plant
operators can read compressed air consumption, along with recording leakage limit values and
programming limit values.
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Although there exist a variety of product segments, vortex, coriolis and ultrasonic flow sensors are
expected to gain market share over the next few years, which can be primarily attributed to growth in
end-use industries. Technological enhancements have resulted in development of smart sensors.
These provide capabilities including remote two way communication as well as self diagnosis.
Furthermore, the output received from the installation of digital flow sensors in applications such as
water conservation can be connected to microcontrollers. This helps in monitoring water...