Energy Sector Activity to Drive Market Growth
Despite a challenging year, suppliers saw strong order taking in 2010, which bodes well for the flowmeter market in the years ahead. Indeed, sales of major flowmeter technologies will move at brisk, above average rates as the market recovers in 2011 and 2012.
Revenue recovery in the flowmeter market will be driven by increased business in the energy sector. Flowmeter suppliers will benefit from investment and expansion activities, and they have aligned their business goals to capitalize on growing industry segments and geographic regions that will enable them to increase market share.
More widespread adoption of intelligent field devices such as ultrasonic and coriolis flowmeters has helped owner/operators to improve the accuracy of their flow measurements, with repeatability and reliability previously unavailable with older mechanical meters or crude methods such as orifice plates or PD meters. Device intelligence has helped flowmeters to evolve beyond their basic purpose to be indispensable tools for process and business improvement.
Strategic Issues
This study provides strategic market information and guidance for the worldwide process field instruments marketplace. The study includes quantitative assessments and forecasts of various field instrument products and segmentations, as well as discussions of world regions and process industries.
- How large is the market potential for flowmeters?
- Who are the leading suppliers?
- What regions contain the largest markets?
- What are the strategic issues facing the suppliers?
- Which industries will offer the greatest growth opportunities?
