Flowmeters – A closer look at the numbers

IMS Research forecasts coriolis flowmeters to overtake differential pressure (DP) flowmeters as the largest flowmeter market in 2014, having replaced magnetic flowmeters as the second largest market in 2012.

11/28/2011


For the purposes of this discussion, revenues made from both the primary element and differential pressure transmitter have been considered in the numbers relating to DP.

This is a bold statement and has certainly generated a lot of talk. It seems everyone has an opinion on the flowmeter industry but opinions vary based on the country and industry in which the individual represents. With that said, the below summarizes my view.

While the market for coriolis flowmeters is forecast to be larger than that of DP and electromagnetic in 2014, this is only reflective of the global market in terms of dollar revenues. In the Americas, revenues for DP are forecast to remain larger than those of coriolis through 2015. While in EMEA, coriolis revenues have already surpassed those of DP. Also, revenues only form part of the picture. This was illustrated by one of my peers, who kindly pointed out that analyzing the market this way was similar to comparing a Buggati Veyron with a mid-range Ford.

With this being the case, unit shipments can also tell a different story. In 2014, IMS Research forecasts over 430,000 DP flowmeters to be shipped globally versus less than 170,000 coriolis. With that said, coriolis flowmeters represent a much smaller portion of the market than dollar ($) revenues reflect.

The replacement of mechanical technologies does not imply that mechanical and differential flowmeters do not offer a valued solution in the market. Their low cost, familiarity, range, and ease of calibration ensures they will have a role to play in the market for quite some time. Again, that role will certainly be dependent on the individual application.

Despite being the largest market in dollar revenues or unit shipments, I’ll leave you to decide the outcome. Both coriolis and DP face competition from other flowmeter technologies and are subsequently used to varying degrees, by application. Accounting for nearly a quarter of global flowmeter revenues, the oil and gas industry is the largest segment of the flowmeter industry. It is also home to several flowmeter technologies. While much of the talk surrounds coriolis, ultrasonic and DP flowmeters, the industry is also starting to look at vortex flowmeters, primarily in refineries. Furthermore, with enhanced oil recovery techniques, like water injection, electromagnetic flowmeter use is also finding traction in the oil and gas sector. 



No comments
The Top Plant program honors outstanding manufacturing facilities in North America. View the 2013 Top Plant.
The Product of the Year program recognizes products newly released in the manufacturing industries.
The Leaders Under 40 program features outstanding young people who are making a difference in manufacturing. View the 2013 Leaders here.
The new control room: It's got all the bells and whistles - and alarms, too; Remote maintenance; Specifying VFDs
2014 forecast issue: To serve and to manufacture - Veterans will bring skill and discipline to the plant floor if we can find a way to get them there.
2013 Top Plant: Lincoln Electric Company, Cleveland, Ohio
Case Study Database

Case Study Database

Get more exposure for your case study by uploading it to the Plant Engineering case study database, where end-users can identify relevant solutions and explore what the experts are doing to effectively implement a variety of technology and productivity related projects.

These case studies provide examples of how knowledgeable solution providers have used technology, processes and people to create effective and successful implementations in real-world situations. Case studies can be completed by filling out a simple online form where you can outline the project title, abstract, and full story in 1500 words or less; upload photos, videos and a logo.

Click here to visit the Case Study Database and upload your case study.

Bring focus to PLC programming: 5 things to avoid in putting your system together; Managing the DCS upgrade; PLM upgrade: a step-by-step approach
Balancing the bagging triangle; PID tuning improves process efficiency; Standardizing control room HMIs
Commissioning electrical systems in mission critical facilities; Anticipating the Smart Grid; Mitigating arc flash hazards in medium-voltage switchgear; Comparing generator sizing software

Annual Salary Survey

Participate in the 2013 Salary Survey

In a year when manufacturing continued to lead the economic rebound, it makes sense that plant manager bonuses rebounded. Plant Engineering’s annual Salary Survey shows both wages and bonuses rose in 2012 after a retreat the year before.

Average salary across all job titles for plant floor management rose 3.5% to $95,446, and bonus compensation jumped to $15,162, a 4.2% increase from the 2010 level and double the 2011 total, which showed a sharp drop in bonus.

2012 Salary Survey Analysis

2012 Salary Survey Results

Maintenance and reliability tips and best practices from the maintenance and reliability coaches at Allied Reliability Group.
The One Voice for Manufacturing blog reports on federal public policy issues impacting the manufacturing sector. One Voice is a joint effort by the National Tooling and Machining...
The Society for Maintenance and Reliability Professionals an organization devoted...
Join this ongoing discussion of machine guarding topics, including solutions assessments, regulatory compliance, gap analysis...
IMS Research, recently acquired by IHS Inc., is a leading independent supplier of market research and consultancy to the global electronics industry.
Maintenance is not optional in manufacturing. It’s a profit center, driving productivity and uptime while reducing overall repair costs.
The Lachance on CMMS blog is about current maintenance topics. Blogger Paul Lachance is president and chief technology officer for Smartware Group.