To remain competitive in the ever-evolving electromagnetic flowmeter market, companies must always be looking to develop unique new products with advanced capabilities while offering a comprehensive suite of support services to meet customers’ diverse liquid flow measurement needs.
These qualities are recognized with the annual Global Magnetic Flowmeters Market Leadership Award from Frost & Sullivan, a leading market research and consulting firm with 57 years of experience tracking a range of different industries. For the past 18 years, they’ve been conducting best practices research to identify unmatched innovation and leadership among today’s leading companies, products, processes, and executives.
Endress+Hauser is thrilled to announce that we have been awarded the 2017 Frost & Sullivan Market Leadership Award, and are proud to have such meaningful third-party validation of our cutting-edge growth strategy.
Criteria for the Award
To receive the award, organizations must strive to truly understand consumer demand while effectively nurturing their brand and differentiating themselves from the competition. The winning company must have retained loyal customers who have become brand key advocates, allowing the organization to grow organically and achieve a top market leadership position. Award recipients must also work closely with customers at each stage of the buying cycle and continue to nurture these relationships in order to build their market share over time.
There are 10 main points of criteria evaluation: growth strategy excellence, implementation excellence, brand strength, product quality, product differentiation, technology leverage, price/performance value, customer purchase experience, customer ownership experience, and customer service experience.
Frost & Sullivan also uses a 360° research approach, meaning they offer a full-circle view of industry challenges, trends, and issues by integrating several different research methodologies. Successful growth strategies are based on a thorough understanding of market, as well as implementation of technical, economic, financial, and customer best practices, and thorough, ongoing demographic analyses. The integration of these different types of research provides a reliable evaluation platform for benchmarking industry players, allowing Frost & Sullivan to easily identify top performers.
The team at Endress+Hauser is committed to constant innovation in everything we do, investing in cutting-edge research and development (R&D) initiatives in order to expand our product portfolio and meet customers’ diverse needs.
To ensure we provide the highest-quality, most reliable flowmeters on the market, we make use of the most cutting-edge technology available — such as Heartbeat Technology and WLAN access points — and support various communication protocols, such as EtherNet/IP and PROFINET, to facilitate smart business decision-making processes. Endress+Hauser’s electromagnetic flowmeters guarantee precise measurement of volume flow without the risk of restricted production flow rates or pressure drops.
And having established a leadership position in the global magnetic flowmeters market, we have an impressive market share, of about 17% to 18%. To learn more about Frost & Sullivan’s Best Practices Award and see how you can be the next winner, check out their recent write-up on our site.