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Four advanced flowmeters will become the mainstream

by:Sure     2020-06-25
According to ARC's new 'Flowmeter Global Market Research Report', a well-known consulting company in the global industrial field, advanced flowmeters such as Coriolis flowmeters, vortex flowmeters, electromagnetic flowmeters, and ultrasonic flowmeters will become mainstream technologies and seize the market . Advanced flow technology provides customers with higher accuracy in production operations. Compared with traditional differential pressure-based technology and older mechanical technology, the maintenance cost of advanced flow meters is lower. As market acceptance increases, these advanced technology markets continue to expand. However, the speed of development varies with technology. Despite the relatively slow growth rate of electromagnetic flowmeters, among the four advanced technologies, electromagnetic flowmeters have a large market share. Among the four technologies, the electromagnetic flowmeter has a large installation foundation. With the increased versatility of its applications, increased life expectancy, and decreased average sales prices, electromagnetic flowmeters are ideal replacements for volumetric flowmeters and venturi flowmeters in the clean drinking water market. In the effective treatment of mud and greasy liquid applications, electromagnetic flowmeters are also replacing traditional turbine flowmeters. The rising energy demand also provides huge growth space for advanced flowmeter technology, especially ultrasonic flowmeters and Coriolis flowmeters. Transportation monitoring is a fast-growing application of Coriolis and ultrasonic flow meters in oil and gas applications. As oil prices continue to rise, accurate calculation of transmission becomes very important, so it is extremely expensive. These flow meters can provide the required high accuracy and reliability, becoming the mainstream choice in the oil and gas industry. In addition, the widespread adoption of smart flowmeters has helped owners and operators improve the accuracy of flow measurements, making up for the shortcomings and reliability of old mechanical gauges and rough technologies (throttle orifice or volumetric flowmeters). The intelligent flowmeter of equipment has developed into an indispensable tool for process and business improvement. Analysts in the report said that newer and more accurate technologies have become popular, old technologies are gradually losing competitiveness, and the flowmeter market is still in the process of continuous transformation.
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