Flowmeters Market Research Reports, Analysis & Trends
Flowmeters industry comprises companies that operate by manufacturing, designing, and supplying of flowmeters. Basically, flow meter is a device used to measure mass, volume, linear, nonlinear flow rate of a liquid or a gas. A magnetic flow meter is an instrument which can measure awater-based or conductive volumetric flow. Magnetic flow meters are ideal for applications where low maintenance and low pressure drop are required. They are perfect for waste water applications or some dirty liquids which are conductive. Magnetic flow meter is most commonly used flow meter after positive displacement and differential pressure flow meters. Device intelligence has helped magnetic flowmeters to go forward beyond their basic function to be essential tools for process and business improvement. The demand for magnetic flow meters is expected to grow at moderate CAGR.
Flowmeter is used in various industries for measuring mass flow & volume flow. It is used in terminal & storage for combustion control, refining and pipeline leak detection. Flowmeters are also used for air monitoring, and emission control, and analyzer measurement. Flowmeters are majorly used in food & beverage industry for accurate & high quality measurements. It is used in applications such as batching for baking, blending & filling for beverages, concentration measurement for brewing, and gas measurement for processed foods. Flowmeters are used in life science industry. It is used to make highly accurate batches with repeated efficiency. Flowmeter are used in life science application such as chromatography column control, cell mass indication, and batch & ingredient addition control. Flow meters are used in different industries depending on environments such as mechanical restrictions and output-connectivity options. In marine applications, flowmeter are used to measure fuel consumption and improve operational efficiencies.
Flow meter is an instrument which is used to measure volume of fluid passing through certain point over a given time. Usually a flow meter consists of a tube, indicator, stop, and scale. Flowmeter performance depends on density, pressure, viscosity, and temperature of the fluid. Flowmeter performance is measure by accuracy, repeatability, linearity and rangeability of the instrument. Key factors like fluid profile, characteristics and flow range are used to determine correct flowmeter for a particular application. Flowmeter are used in oil & gas industry, food & beverage industry, and chemical industry.
Current Trends in Flowmeters Industry
There are several industries that use flow meters such as discrete manufacturing,automotive, medical and construction and aircraft. Magnetic flow meters are used in almost every process industry vertical such as mining and minerals, utilities, food and pharmaceuticals. Demand for mag meters has furthermore increased, partially due to their application in non-intrusive measurement. Although Europe remains the largest market for magnetic flow meters, Pacific Rim have been showing comparatively faster growth and is expected to be dominant market in terms of continuous expansion and price competitiveness. The increase in capital projects and new process plants is expected to drive the market of mag meters in foreseeable future. Desalination projects, traditional oil and gas projects in the Middle East is also anticipated to boost demand for magnetic flowmeters in the near term.
TechNavio analysts predict that the global flowmeter market is expected to grow at a CAGR of 8.32% over the five year period between 2013-2018. One of the key factors contributing to this market growth is the increasing demand for coriolis flowmeter across process industries. The global Flowmeter market has also been witnessing the development of smart ultrasonic flowmeters. However, the lack of effective product differentiation could pose a challenge to the growth of this market.
Major Flowmeters Manufacturers
Major players in the flowmeters industry include ABB Ltd, GE Co, Emerson Electric Co, Siemens AG, Brabender Technologie GmbH & Co. KG, Endress+Hauser, Invensys Plc, Krohne Group, Malema Engineering Corp, and Yokogawa Electric Corp. Inc.
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