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(Publishing-NewsWire.com, November 21, 2021 ) The Brazil Flow Sensor Market is poised to reach $325 Million by 2026, advancing at CAGR 4.9% during the forecast period 2021-2026. Additionally, growing demand for miniature portable devices, and growing demand for consumer electronics and wearable devices further propel the flow sensor market during forecast period. Miniaturization is transforming the world of electronics and this has led to an increase in businesses around the world. The adoption of technologies such as nanotechnology, mass spectrometry, prototyping and micro-technologies in numerous end-user industries is changing the landscape and positively influencing the implementation of a procedure in businesses. The rising adoption of differential pressure, positive displacement and velocity flow sensors will primarily drive the market.
Brazil Flow Sensor Market Segment Analysis - by Product Type
By Product Type, the In Line Flow Sensor Market dominated the segment with a share of 41.5% in 2020. Flow Sensors are used for measuring liquids or liquid slurries and works on Faraday’s Law of Electromagnetic Induction to determine the velocity of liquids in a pipe. Rising demand for contactless sensing technology coupled with increasing adoption of the sensor integrated automotive security in automobiles is expected to drive the market. In automotive sector, proximity sensors are used to detect the vehicle when it is too close to an object for comfort. With the increase in the development of autonomous vehicles, there has been high adoption of proximity sensors and this is set to push the market growth.
Brazil Flow Sensor Market Segment Analysis - by Application
By Application, the Brazil Flow Sensor Market is segmented into Water & wastewater treatment, Chemicals, Oil & Gas, Food & Beverage, Pharmaceutical, Metal & Mining and Others. Water & wastewater treatment in Brazil Flow Sensor segment is growing at a CAGR of 7.3% during the forecast period 2021-2026. As mineral processing technology is rapidly evolving, mining companies are adopting Brazil Flow Sensor to measure process water, process slurry flow and heavy media flow with certain liners to decrease abrasion. The Brazil Flow Sensor is extremely essential to fulfill environmental protection regulations as it measures the volume of pulp going into the dump. In December 2019, Emerson Electric Co introduced Emerson’s Rosemount MS Slurry Sensor with the Rosemount 8782 Slurry Transmitter is a slurry Brazil Flow Sensor, specially designed for high noise and slurry applications in mining as well as pulp & paper industries. Slurry Brazil Flow Sensor helps in product quality improvement, reduction in raw material cost and minimization of waste.
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Brazil Flow Sensor Market Drivers
Rise in production of electric vehicles
The electric car market has witnessed rapid evolution with the ongoing developments in automotive sector and favorable government policies and support in terms of subsidies and grants, tax rebates. Flow batteries have a unique capability for rapid and safe recharge of electric vehicles by electrochemical cell exchange, hence rise in the production of electric vehicles is analyzed to drive the market. In 2019, Ford has invested $1.45 billion in Detroit plants in U.S., to make electric vehicles. In 2019, Toyota announced plans to invest $749M in expanding the U.S. manufacturing facilities to increase the production of the RAV4 hybrid and Lexus ES 300h hybrid vehicles. In 2020, General Motors has looked to invest more than $20 billion in its next generation of all-electric and autonomous vehicles through 2025. Moreover, governments of several countries have been investing heavily for the development of electric vehicles. In 2019 Brazilian government has committed to invest more than $1 billion to expand electric car market growth in the region. Hence these investments and developments are analyzed to be the key drivers for the growth of the electric vehicle market and thereby the flow sensormarket during the forecast period 2021-2026.
Growing adoption of Brazil Flow Sensor for mining and mineral processing applications
Many countries are facing water scarcity issues, thus pushing the countries to invest in water sustainable projects. This led the manufacturing companies to manufacture a new monitoring source to manage water management, thus boosting the demand for Brazil Flow Sensor over the forecast period. In February 2020, McCrometer Inc, an international leader in flow sensor manufacturing, announced the launch of McMag 2000 Flow Sensor, designed primarily for water management industries and best fitted for applications such as well monitoring and surface water management. Increasing water and wastewater management plants. Increasing population and water scarcity issues are the primary factors that lead to the rise of growing water management plants, thereby boosting the demand of Brazil Flow Sensors. According to Water Environment Partnership in Asia, improvement in water environment can only be done by providing necessary information and knowledge for the enactment of water environment governance. Furthermore, According to Israel’s Ministry of Strategic Affairs & Public Diplomacy, nearly 90% of wastewater in Israel is recycled and thus making Israel, the world leader in water recycling in 2020.
Growing adoption of Brazil Flow Sensor for irrigation applications
Adoptions of Brazil Flow Sensors are gaining popularity in irrigational applications. Compared to other flow sensors, Brazil Flow Sensor provides greater enhanced accuracy and repeatability throughout their operation life with uncertainty of _+ 1% reading. As there is no moving part, they do not suffer from problems such as wear and tear, minimizing maintenance and require no upstream strainers to filter out sediments. Certain linings such as Ceramic linings are chosen for further protection against abrasive flows. Flow Sensors helps in minimizing the piping of the meters which in turn reduce the time and cost of installation. In May 2020 McCrometer Inc, an international leader in flow sensor manufacturing, announced the expanded line size of existing products i.e. Wafer Style Dura Mag and Ultra Mag Flow Sensors. Wafer Style Dura Mag is designed with 2- and 3-inch line sizes and is ideal for drip irrigation, surface water and other agricultural flow applications. Hence these factors drive the market growth.
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Brazil Flow Sensor Market Challenges
High initial investment
The high initial investment for implementation of integrated systems is set to hamper the market growth. Moreover, the requirement of skilled professionals for deployment of the technology results in increased service cost to the customer. Thus, increased cost of the technology hinders the market growth. Furthermore, demand for smaller sensors leading to size and weight reduction being placed on components and equipment is the major challenge for the market.
Brazil Flow Sensor Market Landscape
Partnership, Acquisitions, Collaboration, technology launches and R&D activities are key strategies adopted by players in the Brazil Flow Sensor Market. The top companies in the Brazil Flow Sensor Market are Emerson Electric Co, Endress + Hausan AG, ABB Ltd, Krohne Messtechnik GmbH, General Electric Co, McCrometer Inc, Honeywell International Inc, Toshiba Corporation and Siemens AG.
In March 2021, Krohne Messtechnik GmbH, a leader in global manufacturer of flow sensors, announced the launch of new AF-E400 Ultra-Compact Brazil Flow Sensor, specially designed for utilities and industrial automation. It is perfect choice for applications with conductive fluids in tight spaces.
In August 2020, McCrometer Inc, global leader in manufacturing flow sensors, announced the launch of telemetry offering for their existing Brazil Flow Sensors to fulfill the increasing demand for Brazil Flow Sensors with telemetry services. Telemetry services enable a user’s Brazil Flow Sensor to send the flow rate and totalize data to the user, thereby obstructing the need to visit the flow sensor to record data and manage water usage.
The top companies in the Brazil Flow Sensor Market are Emerson Electric Co, Endress + Hausan AG, ABB Ltd, Krohne Messtechnik GmbH, Badge Meter Inc, General Electric Co, McCrometer Inc, Honeywell International Inc, Toshiba Corporation and Siemens AG.
Water & wastewater treatment is analyzed to hold highest share at CAGR of 7.5% during the forecast period 2021-2026, owing to a wide range of applications.
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