Need to Increase Accuracy Drives Flowmeter Market
Advanced flowmeter technologies offer end users increased accuracy, visibility into production operations, and low maintenance profiles, compared to the traditional differential pressure-based technologies and even older mechanical technologies. While over half a dozen flowmeter technologies are available, ARC’s flowmeter market research study covers four of the most popular advanced flowmeter technologies: Coriolis, vortex, magnetic, and ultrasonic.
Widespread adoption of intelligent flowmeters has helped owner-operators to improve the accuracy of their flow measurements, with repeatability and reliability previously unavailable with older mechanical meters.
With increasing acceptance, the market for these advanced technologies continues to grow. However, the pace varies by technology. In the past few years, due to the high growth in the oil and gas industry, advanced flowmeters, especially Coriolis and ultrasonic, have enjoyed huge market growth. However, the global market for flowmeters will remain sluggish initially due to lower oil prices, but is forecast to get back on growth track over the next few years in the forecast period.
This study provides strategic market information and guidance for the
worldwide flowmeter marketplace. The study includes quantitative assessments
and forecasts of various flowmeter types and segmentations, as well as
discussions of world regions and process industries. It helps answer strategic
questions, such as:
- How large is the market potential for different flowmeter technologies?
- Who are the leading suppliers?
- What does the future hold for this market?
- What are the strategic issues facing the suppliers and end users?
- Which industries will offer the greatest growth opportunities?