Paddlewheel Flow Meter Market Overview
Paddlewheel flowmeters are used to determine velocity and other characteristics of water and other fluids flowing in a pipe. The paddlewheel flowmeter offers various advantages over other flow meters. The first and foremost advantage is that paddlewheel flowmeter is able to work remarkably with water and viscous fluids and provide a fully developed turbulent flow profile whereas other flow meters have most of the application with water. Further, paddlewheels are very affordable and offers high accuracy which makes paddlewheels way better than other flowmeters. Paddlewheel flowmeters use advanced solid-state circuitry which allows paddlewheel flowmeter to operate even on regular batteries; eliminating the need for electrical connections. Further, paddlewheels are very easy to install and it can be installed in both ways, vertically or horizontally.
Market Size & Forecast
Global paddlewheel flow meter market is expected to witness a remarkable growth over the forecast period 2017-2024. Over the next few years, the global paddlewheel market is anticipated to witness growth due to its high accuracy, low maintenance and affordable price characteristics. Geographically, global paddlewheel flowmeter market is segmented into five key regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
Asia Pacific region is expected to be most reliable and revenue generating regional market for paddlewheel flow meter during the forecast period. The demand for paddlewheel is expected to rise in near future due to development of new industries such as oil and gas, water treatment in emerging countries such as India and China. Asia Pacific region is the fastest growing regional market for paddlewheel flowmeter and is expected to behold this positive growth in near future.
North America and Europe regions are anticipated to witness rise in demand for paddlewheel flowmeters in near future. The demand for paddlewheel flowmeter in these regions is expected to increase due to enhancement of existing industries and development of new industries. On the other hand, presence of oil & gas refineries in Middle East & Africa region is also expected to escalate the demand for paddlewheel flowmeter in this region over the forecast period.
Our-in depth analysis of the global paddlewheel flow meter market includes the following segments:
By Fluid Type
By Sales Channel
Global paddlewheel flow meter market is further classified on the basis of region as follows:
Growth Drivers & Challenges
Global paddlewheel flowmeter market is driven by factors such as ability to work with viscous fluid as well as with normal fluids. Further, paddlewheel flowmeter offers better performance than other flowmeters. Also, they can produce fully developed turbulent profile with higher accuracy. Such features are anticipated to increase the demand for paddle wheel flow-meter in near future. Wide range of application of paddlewheel flowmeter in various industries is a major driver for global paddlewheel flowmeter market. Further, rising industrialization (such as development of new oil & gas refineries, water and wastewater treatment and chemical industries) in developing countries such as China, India, Brazil and Russia is driving the growth of paddlewheel flowmeter market globally. Apart from this, easy installation, low cost and low maintenance features of paddlewheel flowmeters are some of the key reasons anticipated to drive the growth of global paddlewheel flowmeter market during the forecast period. Furthermore, while most flowmeters work with regular water; paddlewheel flowmeter can work perfectly even with viscous fluids. Such factors are anticipated to propel the demand for paddlewheel flowmeters in near future.
However, problems oriented with paddlewheel flow meter such as clogging (due to high reactive to foreign objects) and high maintenance are likely to hinder the growth of global paddlewheel flow meter market.
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