Technavio offers an in-depth market study and market segmentation of ultrasonic flowmeter by products (spool-piece, insertion, and clamp-on). The report further segments the market by different applications, focusing on natural gas, non-petroleum liquids, petroleum liquids, and others, and also by key geography, including the Americas, the APAC and EMEA. The leading vendors in this market are Bronkhorst, Siemens, Emerson Electric, and GE.
Technavio has released updated information on the flowmeter market, with the publication of its new market research report, global ultrasonic flowmeter market. The global ultrasonic flowmeter market is expected to grow at a CAGR of around 9% between 2015 and 2019 due to the rapid infrastructural and industrial development in countries such as India, China, Japan, and South Korea. The APAC dominates the global market for ultrasonic flowmeter, accounting for around 40% of the total market share. Growth in greenfield investments and increased demand for greater flow measurement accuracy are propelling this region’s growth.
“Of late, the market is witnessing the emergence of smart and solar-powered ultrasonic flowmeters, which ensures long device life with quality performance. Smart ultrasonic flowmeters use fieldbus technology, automated process controls, and advanced communication interfaces. These flowmeters help water utilities to overcome the problems posed by natural calamities, and the effects of prolonged wear and tear. Solar-powered ultrasonic flowmeters can be monitored through remote devices, are maintenance-free and ensure low operational costs, minimal flow disturbance, and therefore, confer considerable savings when used in high-pressure pipelines,” says Navin Rajendra, Lead Analyst, Energy, Technavio Research.
Several process industries such as food and beverages, oil and gas, and chemicals prefer ultrasonic flowmeters to boost their operational performance. Many industrial plant processes require these flowmeters for measuring accurate and reliable fluid flow, to gain process control. These devices are more reliable for monitoring oil and gas flow compared to magnetic flowmeters. Also, ultrasonic flowmeters are low-maintenance devices as they lack moving parts.
The leading vendors in the global ultrasonic flowmeter market include Bronkhorst, Siemens, Emerson Electric, and GE. Market vendors and product developers are allocating considerable resources to develop ultrasonic flowmeters. Moreover, the increasing demand from the APAC region offers tremendous growth opportunities to vendors to come up with innovative technological developments.
A more detailed analysis is available in the Technavio report, Global Ultrasonic Flowmeter Market 2015-2019.
We can customize this reports by other regions and specific segments upon request.
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