The global magnetic flowmeter market is expected to witness growth over the forecast period owing to rising demand for measuring volume, mass, linear & non linear flow rate in the oil & gas sector. Several factors such as cost efficiency and ease of installation may surge industry demand. Its premium use for detecting flaws and impurities is anticipated to provide avenues for growth. In addition, increasing investment to develop better instrument due to updation of certain standard norms for impurities may also contribute towards future growth. Advancement in electromagnetic technology may produce more accurate products, which may further increase demand over the next seven years. Major developments in industry are introduction of two wire mag meter and battery controlled, wireless mag meter. These developments have resulted into several benefits such as low installation cost, increased application in non-intrusive measurement and less complexity to install the product in remote places
http://www.grandviewresearch.com/industry-analysis/magnetic-flowmeter-market
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