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 2015 Top Plant.
The Product of the Year program recognizes products newly released in the manufacturing industries.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
IIoT grows up; Six ways to lower IIoT costs; Six mobile safety strategies; 2017 Salary Survey
2016 Top Plant; 2016 Best Practices on manufacturing progress, efficiency, safety
2016 Product of the Year; Diagnose bearing failures; Asset performance management; Testing dust collector performance measures
Future of oil and gas projects; Reservoir models; The importance of SCADA to oil and gas
Big Data and bigger solutions; Tablet technologies; SCADA developments
SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
What controller fits your application; Permanent magnet motors; Chemical manufacturer tames alarm management; Taking steps in a new direction
Tying a microgrid to the smart grid; Paralleling generator systems; Previewing NEC 2017 changes
Package boilers; Natural gas infrared heating; Thermal treasure; Standby generation; Natural gas supports green efforts

Annual Salary Survey

Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.

There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.

But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.

Read more: 2015 Salary Survey

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.
Motion control advances and solutions can help with machine control, automated control on assembly lines, integration of robotics and automation, and machine safety.
This article collection contains several articles on the vital role of plant safety and offers advice on best practices.
This article collection contains several articles on preventing compressed air leaks and centrifugal air compressor basics and best practices for the "fifth utility" in manufacturing plants.
Maintenance Manager; California Oils Corp.
Associate, Electrical Engineering; Wood Harbinger
Control Systems Engineer; Robert Bosch Corp.
click me