PUBLISHER: Allied Market Research | PRODUCT CODE: 1414744
PUBLISHER: Allied Market Research | PRODUCT CODE: 1414744
Venturi Tubes Market expected to Reach $1.6 Billion by 2032-Allied Market Research
A venturi tube is a device used to measure the flow of a fluid, typically a liquid or a gas, through a pipe. It consists of a gradually narrowing tube section, creating a constriction in the flow path. This narrowing causes the fluid to increase in speed as it passes through the narrowest point of the tube, according to the principle of Bernoulli's equation.
Venturi tubes market has been growing due to increase in demand for water, owing to rise in global population and need for efficient water management to enable water usage and reduce waste. In addition, it helps to make the best use of available water by implementing water recycling method. Furthermore, advancements in smart venturi tubes for leakage detection and water along with other fluid storage provide positively impact in the venturi tubes market during the forecast period.
The venturi tubes help in decreasing operational costs of utilities. In addition, electronic and ultrasonic venturi tubes improve the accuracy of fluid meter readings greatly. Hence, companies are acquiring advanced sensing solutions for water and wastewater utilization. For instance, in November 2020, SCAN GmbH was acquired by Badger Meter, Inc. SCAN specializes in optical water quality sensing solutions that use in-line monitoring devices to enable real-time assessment of a number of parameters in water and wastewater. In addition, Major companies in the venturi tubes market are implementing strategic moves such as
1) acquisition, collaboration, and partnerships to expand and strengthen their position in venturi tubes market.
For instance, in June 2020, a strategic partnership between Kamstrup and The Avance Metering in smart and reliable technology solutions for utilities was announced. Mutual clientele will benefit from the collaboration as they put important data from Kamstrup metering solutions to work. Customers may enrich their data for strategic goals, such as
1) facilitating a smooth transfer from old to new intelligent metering generations, owing to strategic product fit between the two organizations.
The venturi tubes market is segmented on the basis of product type, fluid type, distribution channel, and region. By product type, the market is divided into standard and smart. By end user industry, the market is bifurcated into water & wastewater, chemical, oil & gas and others. By distribution channel, it is divided into online, and offline. Region wise, the market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Competition Analysis
Key companies profiled in the Venturi tubes market report include ADVANCED TECHNOCRACY, ABB, SIEMENS AG, Emerson Electric Co, Honeywell International Inc., Yokogawa Electric Corporation, Omega Engineering, Inc., Badger Meter, Inc., Fuji Electric Co., Ltd. and PARKER HANNIFIN CORP.
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