Dallas, TX -- (SBWIRE) -- 04/21/2015 -- According to a new market research report "Magnetic Flowmeter Market by Type (In-Line, Insertion, Low Flow), Component (Flow Tube, Sensing Electrodes), Application (Water & Wastewater, Food & Beverages, Chemicals, Pulp & Paper), and Geography - Global Trends & Forecasts from 2014 to 2020", published by MarketsandMarkets, the total market was valued at a market size of $1,395.38 in 2013 and is expected to reach 1,916.94 Million by 2020, at an estimated CAGR of 4.58% from 2014 to 2020.

Browse 92 market data Tables and 72 Figures spread through 220 Pages and in-depth TOC on "Magnetic Flowmeter Market".

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The magnetic flowmeters help in the detection of flaws and impurities in accordance with certain standard norms. This market, at present, is witnessing a spree of mergers, partnerships, and acquisitions among the market players, which is resulting in a wide range of challenges and opportunities.

The magnetic flowmeters are one of the leading types of the flowmeters, which are used for measuring liquid flow. The major industries where magnetic flowmeters have been witnessing the maximum growth are the water & wastewater, chemicals, pulp & paper, and food & beverages industries. The recent development which favoured this continuous growth of the magnetic flowmeter market is the introduction of the two-wire magnetic flowmeter.

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The report focuses on the magnetic flowmeter industry, which accounted for a share of 60% of the overall flowmeter market share. It deals with all driving factors, restraints, and opportunities, with respect to the magnetic flowmeter market, which are helpful in identifying the trends and key success factors for the magnetic flowmeter industry. One of the major driving factors for the market is the elimination of the wiring constraint. The wireless transmission system reduces the complexity of monitoring rotating equipment, which would promote the magnetic flowmeter industry. The major companies operating in the market are Emerson Electric Co. (U.S.), Endress+Hauser AG (Germany), ABB Ltd. (Switzerland), and Krohne Messtechnik GmbH (Germany), among others.

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