Market Research Report
Global Flow Meters Market - 2019-2026
|Published by||DataM Intelligence||Product code||909692|
Delivery time: 1-2 business days
|Global Flow Meters Market - 2019-2026|
|Published: December 1, 2019||Content info:||
Measurement technology provides the tools for optimizing production processes and dosing operations. In addition to pressure and temperature, the flow rate is one of the most important measured variables.
A flow meter is an instrument used to measure linear, nonlinear, volumetric or mass flow rate of a liquid or a gas. The increased focus on modernizing the processes and operations in industries is set to increase the demand for flow meters.
Flow meters market is segmented by type, application, and geography. By type the market is segmented into Differential Pressure, Positive Displacement, Magnetic, Ultrasonic, Coriolis, Turbine and Vortex. By application the market is further segmented by Water & Waste Water, Oil & Gas , Chemicals, Power Generation, Pulp & Paper, Metals & Mining, Food & Beverages. whereas by geography the market is divided into North America, South America, Europe, Asia Pacific and Rest of the World.
key players in the market mainly focus on new product launches, expansions, and mergers & acquisitions to enhance their position in the flow meters market.
Rising demand for flow rate measurement in water and wastewater management applications across the globe is expected to drive market growth over the forecast period.
Adoption of flow rate measurement technologies and instruments is also likely to gain traction in other sectors, such as oil and gas, pulp and paper, food and beverage, and power generation.
Moreover these industries need to monitor the flow rate and water usage in their respective process which involves use of flow meters. This has led to increased usage of flow meters in various sectors of the market.
The increased focus on modernizing the processes and operations in industries increased the demand for flow meters. However, these flow meters are not compatible with modern machines and need to be replaced by the new ones which are smarter and intelligent. However, the cost of replacing the traditional flow meters is high and is a major factor restraining the growth of the flow meters market.
Type segment Analysis
Based on flow meter type, the flow meters market is classified into differential pressure, positive displacement, magnetic, ultrasonic, coriolis, turbine and vortex. Among the flow meters coriolis is the dominant segment which accounts to XX% of the market.
Coriolis is popular flow meter directly measures mass flow rate. The installation can include a single straight tube, or a dual curved tube.
The architecture with a single straight tube is easier to construct and maintain because it is subject to fewer stress forces, but it is susceptible to interference and noise. The architecture with dual curved tubes cancels out any noise picked up because the two tubes oscillate in counter phase.
Direct measurement of mass flow rate eliminates effects of temperature, pressure, and flow profile on the measurement and brings in high accuracy into the system. Sensor can make simultaneous measurements of flow rate and density because the basic oscillating frequency of the tube depends on the density of the fluid flowing inside.
However, Cannot measure flow rate of fluids with entrained particles such as liquids with gas or solid particles; gas with liquid bubbles and more because such particles dampen the tube's oscillations, making it difficult to take accurate measurements.
End User segment Analysis
Based on End User, flow maters market is classified into Water & Waste Water, Oil & Gas , Chemicals, Power Generation, Pulp & Paper, Metals & Mining, Food & Beverages. Currently oil and gas is the dominant segment and it accounts for approximately XX% of the market.
In the oil and gas industry, the flow of liquids and gases must be measured during every phase of exploration, production and transportation. Upstream operations span offshore and onshore activities, including well testing, enhanced oil recovery, fractionation, completion, and separation to recover and prepare crude oil and natural gas. These applications demand the highest flow meter accuracy and reliability, as well as long term stability and cost effective solutions.
Different flow meters engaged in this industry includes gas ultrasonic flow meters for custody transfer, liquid ultrasonic flow meters for custody transfer, mass flow meters for custody transfer, electromagnetic flow meters, vortex flow meters.
Therefore the need for such measuring equipment followed by the prospects in the oil and gas industry to drive the flow meter devices market.
Some of the major players include ABB Ltd, Emerson Electric Co, General Electric, KROHNE Messtechnik, Hontzsch GmbH, Siemens AG, OMEGA Engineering Inc., Honeywell International Inc., Rockwell Automation Inc, Yokogawa Electric Co.
These key players mainly focus on new product launches, expansions, and mergers & acquisitions to enhance their position in the flow meters market.