Research and Markets has added the Frost & Sullivan’s report on flow sensors and transmitters titled "Global Flow Sensors and Transmitters Market" to its product offering. Analysts predict that the transmitters and flow sensors market will see a rise despite the economic recession of 2008.
The spur in the market is fueled by the established of new process plants, re-investment in plant renovation, capacity expansion, modernization, technology development and the growing number of new projects. The driving force of the market growth, according to analysts is the quest of new sources of energy, including oil and gas along with development of renewable energy sources. The growing emphasis on better asset utilization, energy efficiency, improved process monitoring and reduction in maintenance costs is also a market driver.
The growth in petrochemical, chemical and oil & gas end-user industries will benefit the Coriolis, Vortex and Ultrasonic flow sensors and transmitters market. The growing demand for transmitters and flow sensors is also prevalent in developing economies where there is a greater integration of automated products.
The topics covered include market for transmitters and several types of sensors. The different sensor types include differential pressure flow, positive displacement flow, variable area flow, vortex flow, turbine flow, insertion thermal mass flow, MEMS flow, ultrasonic flow and many others.