Environmental Awareness Drives Flowmeter Technology into the Green
Date: 12 April 2010

The world market for flowmeters used in industrial and upstream custody transfer applications was worth almost $4 billion in 2008. That’s according to a new study from IMS Research “The World Market for Flowmeters -2010”.  

The report is a brand new study which looks to quantify the market for flowmeters designed for industrial process and upstream custody transfer applications.

According to the reports author, Daniel Welch “the largest markets in 2008 were for coriolis, differential pressure and magnetic flowmeter technologies, which accounted for around 65% of total revenues.”

The author continues “The need for increasing levels of accuracy throughout many of the industrial process and upstream custody transfer applications is driving the migration toward newer technologies and multivariable instruments. This is causing the more established technologies, such as turbine and positive displacement flowmeters to suffer.”

Increasing levels of environmental awareness, and the necessity for more widespread monitoring of carbon dioxide in large-scale industrial and power generation plant, is playing an increasing role in the flowmeter market, and will dictate the growing use of specific flowmeter technologies. According to the report, one such technology was thermal mass flowmeters, which defied the affects of the recession and recorded growth in 2009, driven by increasing levels of emissions monitoring throughout the industrial sector.

Editors Note :

If you would like an interview with an expert in this area, please contact Chris George, Press Manager, at chris.george@imsresearch.com. or +44 (0) 1933 402255.

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 supplier of market research and consultancy services on a wide range of global electronics markets. The company is supported by headquarters in Wellingborough, UK and offices in Austin, Texas and Shanghai, China. IMS Research regularly publishes detailed research on industrial automation component markets such as PLCs, operator terminals, industrial PCs and industrial Ethernet.

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