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Sight Flow Indicators Market on Target to Reach $893.6 million 2026
A report by Acumen Research and Consulting estimated that the Sight Flow Indicators Market will surpass $ 893.6 million by 2026, representing an average annual growth rate of 4.2 percent from 2020 to 2026. The market report provides an analysis of the global Sight Flow Indicators Market for the period 2015-2026, wherein 2020 to 2026 is the forecast period and 2019 is considered as the base year.
In 2018, Asia Pacific region accounted for the large market share and projected to maintain its dominance over the forecast period. The major economies of the region including Japan, China and India are contributing to the market growth. The strong presence of the pharmaceutical sector with a potential market share in Japan is supporting the market growth. The increasing demand from the food processing industry of the region for maintaining hygiene, along with increasing awareness about the healthy food among the residents is driving the market growth. The oil and gas industry of India is observing a major transformation in recent years is further supporting the market growth.
By type, the rotary indicators segment has dominated the sight flow indicators market in the year 2018 and the rotary type segment is also expected to marinating its dominance over the forecast period. Rotary indicators are experiencing potential demand from transparent solutions and gases which is driving the market growth. These indicators are offered with a rotating wheel which makes it a perfect option for installation at any position. The increasing demand from pipelines carrying dark opaque solutions is accelerating market growth. Moreover, rotary indicators are installed where the observations regarding the fluid are made from a distance.
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The chemicals segment leads the market by application with maximum share in 2018. The increasing need to monitor the speed and quality of liquids and gases in the chemical industry for efficient handling is primarily driving the market growth. Along with these, the chemical companies are also using sight flow indicators for monitoring production, where they use flow meter within cooling or filtration systems to monitor chemicals including water. In addition, the manufacturers are also offering products that are complying with the various industry standards is also favoring the market value. For instance, the EMERSON group is offering sight flow indicators which are American National Standards Institute (ANSI) rated and have application across refrigeration, power piping, petroleum, and petrochemical.
The chemicals segment is followed by the pharmaceuticals where the sight flow indicators are experiencing potential demand along with the expanding global healthcare industry. In pharmaceuticals, the operators can observe the direction and rate of flow and condition of the fluid without interrupting the process flow.
Some of the leading competitors are Papailias Incorporated, Dover Corporation, KENCO International, Inc., Kadant Inc., Crane BS&U., Val. Co Srl, KOBOLD Messring GmbH, PresSure Products Company, and The Nippon Joint, Ltd.
Sight Flow Indicators companies have to match the industry standards of various organizations including ASME, ASTM, CSA, FDA, ANSI, AWS, and Mil-Spec. Sight Flow Indicators companies are investing in technologies and offering advanced products in the market. For instance, Companies like OPW Engineered Systems are manufacturing sight flow indicators with 60 years of experience in the field. The ongoing product development by the manufacturer is now offering sight flow indicators like VISI-FLO with the no lead guarantee for a defined period, dimensionally interchangeable, no requirement for special maintenance or torquing sequence, and provide rated vacuum service of up to 635 mm of mercury (Hg) at 85.5% vacuum.
Some of the key observations regarding sight flow indicators industry include:
- Cyclops a 1959 based organization has celebrated its 60th year of operation in 2019. The company is operating in a wide range of products including sight flow indicators, spray rings, sight lights, and sight glass replacements.
- American National Standards Institute (ANSI) has provided pressure ratings to the standard pipe sizes ranging from ¼ inch to 16-inch and are available with sight flow indicators.
- L.J. Star has developed LumiFlo LED light for improving visibility for inline sight inspections. The new invention has usage across the food & beverage industry, process observation in material processing which depends on the sight glass flow indicators and efficient lighting designs.
Market Segmentation as below:
Market By Types
- Rotary Indicators
- Flapper Indicators
- Flutter Indicators
- Ball Indicators
- Drip Indicators
Market By Application
- Process
- Environmental
- Chemical
- Pharmaceutical
- Others (Marine, Aerospace, Agricultural, Defence and Military)
Market By Geography
(Regional Output, Demand & Forecast by Countries)
North America (USA and Canada)
Europe (UK, Germany, France, Spain and Rest of Europe)
Asia Pacific (China, Japan, India, Australia, South Korea and Rest of Asia-Pacific)
Latin America (Mexico, Brazil and Rest of Latin America)
Middle East and Africa (GCC, South Africa and Rest of MEA).
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Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.
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