According to one of the “Flowmeters Global Market Research Report”, Coriolis mass flowmeters, vortex flowmeters, electromagnetic flowmeters and ultrasonic flowmeter will become the mainstream in the global market.
Advanced flow technology provides customers with higher accuracy in production operations, and lower maintenance costs for advanced flowmeters compared to traditional pressure-based and older mechanical technologies. With the increase in market acceptance, these advanced technology markets are expanding. However, the pace of development varies from technology to technology. Although the electromagnetic flowmeter in the growth rate is relatively slow, but it also get the largest share of the market.
Among the four flowmeters, the electromagnetic flowmeter has the largest installation base. With the increased versatility of its applications, the increase in life expectancy and the decline in average selling prices, electromagnetic flowmeters are ideal alternatives for volumetric flowmeters and venturi flowmeters in clean drinking water market applications. Electromagnetic flowmeters are also rapidly replacing traditional turbine flowmeters in the effective handling of mud and greasy liquid applications.
Increasing energy demand also provides significant room for growth in advanced flowmeters, especially for ultrasonic flowmeters and Coriolis flowmeters. Transportation monitoring is the fastest growing application of Coriolis and ultrasonic flowmeters in oil and gas applications. Oil prices continue to rise, the calculation of transmission precise becomes very important, and the wrong cost is particularly expensive. These flowmeters can provide the highest level of accuracy and reliability required, and become the mainstream choice for the oil and gas industry.
In addition, the extensive use of intelligent flowmeters helps users improve the accuracy of flow measurement, to make up for defects in the repeatability and reliability of older mechanical measuring gauges and rough technology (orifice or volumetric flowmeters).