Flowmeters - Coriolis

The Coriolis flowmeters market analysis report delivers current market analysis plus a five-year market forecast. The report also takes a closer look at upcoming market and technology trends related to Coriolis flowmeters.

Demand for Coriolis Flowmeters Rises

ARC Advisory Group’s research on the Coriolis Flowmeters market reveals that as end users and engineering firms demand improved safety, productivity, and compliance to stringent environmental regulations, the number of measurement points and the reliability of Coriolis flowmeters are expected to increase. Coriolis mass flowmeters have evolved into multi-functional devices that can measure concentrations, function as net oil computers (NOC), and even measure heat transport. Direct mass measurement eliminates the need to compensate for other process variables, and Coriolis flowmeters can provide simultaneous outputs corresponding to volume flow rate, total flow, density, and temperature. No other flow device has such extensive capabilities. Flowmeter suppliers should focus on emerging economies, which are expected to grow significantly faster than developed economies. These economies will continue to be a growth engine for flowmeter suppliers as they build manufacturing facilities and infrastructure to meet the burgeoning demand. 

Coriolis Flowmeters Strategic Issues

In addition to providing a five-year market forecast, the Coriolis Flowmeter Market Research Report provides detailed quantitative current market data and addresses key strategic issues as follows:

Enlist Support of Suppliers to Utilize Intelligent Field Devices

Suppliers now offer solutions to offer full device lifecycle support, from assistance in selecting a model to inline functional expansion and replacement of the instrument. Configuration, monitoring the health of the device, and device diagnostics are all part of the complete solution portfolio, that users need to be aware of and be able to utilize. Although many intelligent field devices have been installed, they are underutilized, with smart functionality being used only when a device is commissioned locally, using a handheld communicator. Integrating communication protocols like PROFINET, Profibus, FOUNDATION fieldbus, HART, with intelligent field devices and connecting them to DCS and PAM systems provides critical diagnostic and other asset management information to operations and maintenance personnel. This data can be used remotely and for fixing issues in real-time.

Ethernet Connectivity for Greater Process Insight

Ethernet connection is generating a lot of interest in both the user and supplier communities. Ethernet offers many benefits - lower total cost of ownership (TCO), improved adaptability, better security, widespread availability, and market familiarity. It offers improved connectivity and functionality, allowing for easier access to measurement information.

In recent years, networking technology has also overcome many of its disadvantages that hindered adoption in the industrial world. Using fiber-optic cables, Ethernet can be deployed for longer distances. Ethernet switches for hazardous areas are available and users also have the option of Power over Ethernet (PoE), so there is no need to run additional lines for power supply. In the process world, Ethernet can now connect a wide range of field instruments, including flowmeters, to a central control system.

Suppliers are now offering Ethernet modules to allow easy integration of their flowmeters into Ethernet/IP control systems. Several suppliers are also offering native Ethernet connectivity with Ethernet ports directly integrated in the device with no need for extra converters or adapters. The Ethernet connection aids easy configuration, monitoring, and maintenance. Users can use a web-server to remotely view device data, conduct diagnostics, and configure the flowmeter. As owner-operators strive to simplify operations and achieve higher efficiency, ARC sees a rising adoption of industrial Ethernet.

Utilize Asset Management Features

Plant asset management (PAM) has become an important tool in helping users assess the health of their production assets and processes, and it is instrumental in developing effective predictive maintenance programs and achieving operational excellence. A key enabler of PAM is intelligent field devices with diagnostic capabilities. Although a large number of intelligent field devices have been installed in plants around the world, they are often underutilized. In many cases, the onboard intelligence is only accessed locally via a handheld communicator when a device is commissioned. End users should provide training, education, and support programs to plant staff to realize the benefits that smart field devices offer. End users should work with suppliers to get clear demonstrations of how embedded device diagnostics can help them assess not only the condition of the device, but also the condition of the process.