Flowmeters - Vortex

The Vortex Flowmeters market research study delivers current market analysis plus a five year market and technology forecast.  The study is available in multiple editions including worldwide, all regions, and most major countries.

Demand for Increased Efficiency and Advanced Diagnostics Boost the Vortex Flowmeters Market

ARC’s research for vortex flowmeters reveals that in many industrial plant processes, accurate and reliable fluid flow measurements are critical for good process control. Advances in vibration eliminating technology, multivariable transmitters, and dual sensor vortex meters, have increased the reliability and application range of these devices. Manufacturers are monitoring energy usage and efficiency, to conserve resources and reduce maintenance costs. More accurate measurements are needed that would reduce the error margins in energy metering. The investment in smart cities may also increase the sales of vortex flowmeters as both public and private sectors may invest in the monitoring of district heating to conserve energy.

Vortex Flowmeter Strategic Issues

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

Use Industrial IoT to Address Skills Gap

End user organizations continue to face a shortfall of qualified personnel, as fewer new workforce entries perceive process automation, process engineering, chemical engineering, or similar technical fields as attractive career paths. Furthermore, it can take up to two years to train a new hire effectively in the field of automation, and, once trained, it may be difficult to retain that individual. This “brain drain” is a major challenge for end user organizations, and sophisticated forms of technology and automation such as Industrial IoT can play a key role in filling this skills gap. Forward-looking suppliers are already investing to bring Industrial IoT to the field device level. Various Industrial IoT capabilities, such as remote monitoring and remote services, can help establish a more collaborative relationship between end users and suppliers. End users can leverage the expertise of suppliers to help manage plant assets across their entire lifecycle.

Ethernet Connectivity for Greater Process Insight    

Ethernet connectivity 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 the process world, Ethernet can now connect a wide range of field instruments, including flowmeters, to the 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 webserver 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.

Focus on Asset and Energy Management    

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. End users have begun to better realize this and are taking measures to keep physical assets in good working conditions to avoid business interruption and improve profitability as well as plant safety. Growth and spending for plant asset management (PAM) systems will continue to rise as users seek to determine equipment condition as a means of increasing asset utilization. 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. 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.

Improving energy and resource efficiency has also become an imperative for many manufacturing companies; one that reduces costs and increases efficiency when energy-intensive equipment creates bottlenecks in the plant. Efficient energy usage has a positive impact on asset maintenance costs, equipment lifecycle costs, safety, and overall emissions.