Research and Markets (http://www.researchandmarkets.com/research/3wml3w/global_flowmeter) has announced the addition of the "Global Flowmeter Market 2014-2018" report to their offering.

The analysts forecast the Global Flowmeter market to grow at a CAGR of 8.32 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing demand for coriolis flowmeter across process industries. The Global Flowmeter market has also been witnessing the development of smart ultrasonic flowmeters. However, the lack of effective product differentiation could pose a challenge to the growth of this market.

The report also includes a discussion of the key vendors operating in this market.

Key vendors dominating this space are ABB Ltd., GE Co., Emerson Electric Co., and Siemens AG.

Other vendors mentioned in the report are Brabender Technologie GmbH & Co. KG, Endress+Hauser, Invensys Plc, Krohne Group, Malema Engineering Corp., and Yokogawa Electric Corp. Inc.

Commenting on the report, an analyst from the team said: The development of smart ultrasonic flowmeters is one of the emerging trends in the Global Ultrasonic Flowmeter market. Smart ultrasonic flowmeters are fieldbus-enabled flowmeters and are installed as part of a control system. The fieldbus-enabled ultrasonic flowmeters communicate through a fieldbus network and allow end-users to analyze information related to the functioning of the meter and even about the functioning of the overall process. These ultrasonic flowmeters involve several technically-advanced electronic devices and installed visualization software that help end-users monitor flow profiles, outcomes of flow conditioning, and blockage information.

According to the report, one of the major drivers is the increasing demand for the coriolis flowmeter across process industries. Coriolis flowmeters are being widely preferred across the process industries over turbine meters and multivariable differential pressure transmitters for mass flow measurement.

For more information visit http://www.researchandmarkets.com/research/3wml3w/global_flowmeter

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