A report on the Global Non-Contact Phase Indicators Market has been published by Contrive Datum Insights. The report provides clients with the latest trending insights into the Non-Contact Phase Indicators market. It can be seen that the report includes market value and growth rate, size, production consumption and gross margin, pricing and other influencing factors. Along with this, in the report, you will get detailed information about every distributor, supplier, and retailer in the market. The competitive scenarios of all industry players are mentioned in detail in the report. The pandemic has caused market participants to strategically change their business plans.
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The growth of Non-Contact Phase Indicators Market can be attributed to the increasing demand for non-contact phase rotometers and non-contact phase sequence meters for commercial and industrial applications. Moreover, rising demand for these products in emerging economies is also contributing to the growth of this market. However, factors such as high installation and maintenance costs are likely to restrain the growth of this market over the forecast period. Based on type, the non-contact phase rotometer segment accounted for the majority share of the global non-contact phase indicators market in 2017 and is expected to remain dominant throughout the forecast period owing to its widespread use across various industries, including due to Low installation costs, no moving parts that wear out over time, and immunity to electromagnetic interference (EMI), commercial and industrial.
The report also covers the complete competitive landscape of the worldwide market with company profiles of key players such as 3M, Honeywell International Inc., Emedco, Pexco LLC., Zumar Industries. Geographically, this market has been segmented into regions such as North America, Latin America, Europe, Asia Pacific and Rest of the World. The study details country-level aspects based on each segment and gives estimates in terms of market size.
Asia Pacific dominated the global Non-Contact Phase Indicators Market in terms of revenue share in 2017. The region is expected to continue to dominate over the forecast period owing to rising demand for power and industrial processes in emerging economies such as China, India, and Japan. Moreover, increasing government investments in infrastructure development is expected to drive the demand for NCPI meters in the region. Europe accounted for a large share of the revenue in 2017 owing to the early adoption of the technology by several industries in the region coupled with the increase related to the contact stage indicator used by several industries such as oil & gas exploration & production (E&P) Environmental problems related to energy consumption are increasing day by day.
Non-Contact Phase Indicators Market Segmentation:
By Type:
- Non-Contact Phase Rotation Meter
- Non-Contact Phase Sequence Meter
- Other
By Applications:
- Commercial
- Industrial
- Other
Frequently Asked Questions (FAQ):
- What is the growth rate predicted for the Global Non-Contact Phase Indicators Market?
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Related Sources:
- https://www.digitaljournal.com/pr/additive-manufacturing-services-market-global-demand-trends-size-and-growth-outlook-2030
- https://www.openpr.com/news/2851356/extended-stay-hotel-market-to-witness-massive-growth-from-2022
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