In with the new in flowmeter market
12 Apr 2010
Wellingborough, UK – Coriolis, differential pressure and magnetic flowmeters accounted for around 65% of a $4bn world market for flowmeters used in industrial and upstream custody transfer applications, estimates in a new IMS report.
Demands for higher accuracy is now driving a migration to newer technologies and multivariable instruments, which are displacing more established technologies, such as turbine and positive displacement flowmeters, said the study titled “The World Market for Flowmeters -2010”.
Increasing levels of environmental awareness, and a requirement for more widespread monitoring of carbon dioxide in large-scale industrial and power generation plant, is playing an increasing role in the flowmeter market, said Daniel Welch, IMS report author. This, he said, will determine future demand for specific flowmeter technologies.
Welch, for instance, cites how demand for thermal mass flowmeters has defied the affects of the recession. This market, he found, had recorded growth in 2009 on the back of requirements for increasing levels of emissions monitoring throughout the industrial sector.
