Custody Transfer Market Flowing With Opportunity
Date: 03 January 2012

Ultrasonic flowmeters used in custody transfer are growing at a faster rate than any other flowmeter type available today. Despite the rapid growth, differential pressure flowmeters still account for the largest share of a custody transfer market IMS Research estimates to be worth some $500 million in 2010.   

Anyone who needs to do custody transfer flow measurement today, a transaction involving transporting physical substance from one operator to another, has a wide choice of technologies and products at their disposal. Newer flowmeter technologies such as coriolis and ultrasonic offer increased reliability, reduced pressure drop, and high accuracy. At the same time, suppliers are making improvements in the performance of meters using more established technologies. Turbine flowmeters, for example, are being made with stronger bearings, offering longer life.

Paul Everett, Research Director at IMS Research comments, “differential pressure (DP) flowmeters appear to be holding their own. DP flowmeters still have the largest installed base of any type of flowmeter, and customers appreciate the meters versatility to measure liquid, gas, and steam flows. Manufacturers have been very diligent in researching and developing technological improvements in their products”.

There are several flowmeter technologies available today; some are well established, whereas others are emerging. In its latest flowmeter report, IMS Research confirms coriolis flowmeters steady hold on the custody transfer market. Everett continues, “Coriolis meters are gaining industry approval for custody transfer of natural gas. In addition, several European standards organizations include coriolis meters on their list of meters approved for custody transfer. There is also a significant trend occuring in the production and use of ultrasonic flowmeters making the custody transfer market one to watch”.

Analysis of the flowmeter market is available from the 2^nd edition of IMS Research’s recently released World Flowmeter report.

Editors Note :

If you would like an interview with an expert in this area, please contact Paul Everett, Research Director, at Paul.Everett@imsresearch.com or +1 512-302-1977

About IHS Inc. (www.ihs.com)

IHS (NYSE: IHS) is the leading source of information, insight and analytics in critical areas that shape today’s business landscape. Businesses and governments in more than 165 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS employs more than 5,600 people in more than 30 countries around the world.

About IMS Research:

IMS Research is a leading independent supplier of market research and consultancy to the global electronics industry, offering syndicated market studies, custom research and consultancy services. Clients include most of the household names in the industry. IMS Research has offices in Europe, the US, China, Taiwan, South Korea, and Japan. To find out more, contact IMS Research: enquiries@imsresearch.com; T: +1 512-302-1977; http://www.imsresearch.com

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