THE WORLD MARKET FOR ULTRASONIC FLOWMETERS Book One
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1 THE WORLD MARKET FOR ULTRASONIC FLOWMETERS Book One Researched by: Flow Research, Inc. 27 Water Street Wakefield, MA Project team: Jesse Yoder PhD., Belinda Burum Ducker Research Company, Inc Telegraph Road Suite 300 Bloomfield Hills, MI Project team: Nick Limb, Scott Shober Josiah Waxman, Lorena Ferrari Published by Ducker Research Company, Inc. A Division of Ducker Worldwide March 2003
2 THE WORLD MARKET FOR ULTRASONIC FLOWMETERS Book Two Researched by: Flow Research, Inc. 27 Water Street Wakefield, MA Project team: Jesse Yoder PhD., Belinda Burum Ducker Research Company, Inc Telegraph Road Suite 300 Bloomfield Hills, MI Project team: Nick Limb, Scott Shober Josiah Waxman, Lorena Ferrari Published by Ducker Research Company, Inc. A Division of Ducker Worldwide March 2003
3 TABLE OF CONTENTS Chapter Description Page Number One Executive Summary Overview Ultrasonic Flowmeters Continue to Show Rapid Growth Overview A Complete Analysis of the Flowmeter Market Study Objectives Methodology Supplier Input Supplier Analysis OEM and End-User Analysis Forecasts Definitions Smart Flowmeters Product and Technology Analysis Paradigm Case Selection Method Growth Factors for the Ultrasonic Flowmeter Market Shipments of Ultrasonic Flowmeters Worldwide by Region Shipments of Ultrasonic Flowmeters Worldwide by Technology Market Shares for Ultrasonic Flowmeters by Geographic Region Overview of Strategies Become a Broad-line Supplier Move Beyond Clamp-on to Spoolpiece Meters
4 TABLE OF CONTENTS Chapter Description Page Number Two Introduction and Methodology Overview A complete Analysis of the Flowmeter Market The Role of Viewpoint Pluralism The Importance of Multi-Technology Research Leading Suppliers vs. All suppliers Study Objectives Methodology Definitions Smart Flowmeters Communications Protocols Geographic Regions End-User Industries Ultrasonic Flowmeter Industry Structure Team History and Experience Flow Research, Inc Ducker Research Custom Projects Acknowledgement Three Ultrasonic Product and Technology Analysis Overview New Technology Flowmeters Coriolis Flowmeters Magnetic Flowmeters Ultrasonic Flowmeters Vortex Flowmeters Paradigm Case Selection Method Ultrasonic Flowmeter Product Analysis American Sigma Automated Sonix Caldon Controlotron Danfoss
5 TABLE OF CONTENTS Chapter Description Page Number 3 Datam Flutec D-Flow Durag Group Dynasonics Eastech Badger EES Elis Plzen EMCO Emerson-Daniel Endress & Hauser Flexim Flotech Fluenta FMC Measurement Solutions Fuji Electic GE Panametrics Greyline Honda Electrics Instromet Ultrasonic Flowmeters Kaijo Krohne Laaser Matelco Mesa Labs Micronics Nanomaster Rittmeyer Sick Siemens Solatron Sparling Insturments Teksco
6 TABLE OF CONTENTS Chapter Description Page Number 3 Teledyne Monitor Labs Thermo MeasureTech Thermo Polysonics Tokimec Tokyo Keiso Ultraflux Ultrasound Research Center Four Ultrasonic Flowmeter Market Size and Forecast Overview Mixed Results from 2001 to Ultrasonic Flowmeters Continue to Show Rapid Growth An Opportunity Waiting to Happen Growth Factors for the Ultrasonic Flowmeter Market Flowmeter Factors Ultrasonic Flowmeters More Widely Understood Technology Improvements in Ultrasonic Meters The Development of Multipath Flowmeters More Calibration Facilities Available Industry Approvals of Ultrasonic Meters Wider Use of Spoolpiece Ultrasonic Meters Increased Use of Ultrasonic Flowmeters in the Process Industries Factors Limiting the Growth of Ultrasonic Flowmeters Lack of Familiarity with Ultrasonic Flowmeters The Inherently Conservative Nature of Users in the Process Industries The Cost of Ultrasonic Flowmeters Market Size and Growth Forecasts Shipments of Ultrasonic Flowmeters Worldwide by Region: Figures 4-1 to Shipments of Ultrasonic Flowmeters Worldwide by Technology: Figures 4-5 to Average Selling Prices of Ultrasonic Flowmeters: Figure 4-14 to
7 TABLE OF CONTENTS Chapter Description Page Number 4 Shipments of Ultrasonic Transit Time Flowmeters Worldwide and by Region: Figures 4-17 to Shipments of Doppler Flowmeters by Type and by Region: Figure 4-22 to Shipments of Hybrid Flowmeters by Type and by Region: Figures 4-27 to Shipments of Ultrasonic Flowmeters Worldwide by Fluid Type: Figures 4-32 to Shipments of Ultrasonic Flowmeters Worldwide by Type: Figures 4-39 to Shipments of Ultrasonic Flowmeters by Communication Protocol: Figures 4-46 to Shipments of Ultrasonic Flowmeters Worldwide by Industry: Figures 4-53 to Shipments of Ultrasonic Flowmeters Worldwide by Distribution Channels: Figures 4-59 to Shipments of Ultrasonic Flowmeters Worldwide and by Region by Customer Type: Figures 4-62 to Five Ultrasonic Flowmeter Supplier Market Shares Overview Market Shares for Ultrasonic Flowmeters by Geographic Region Market Shares for Transit Time Flowmeters by Geographic Region Market Shares for Doppler Flowmeters Market Shares for Hybrid Flowmeters Worldwide Market Shares for Ultrasonic Flowmeters for Liquid Applications 5-11 Market Shares for Ultrasonic Flowmeters for Gas Applications Market Shares for Ultrasonic Flowmeters by Type
8 TABLE OF CONTENTS Chapter Description Page Number Six Strategies for Success Overview Become a Broad-line Supplier The Ultrasonic Flowmeter is not a Universal Flowmeter Form Alliances with Other Companies Prepare for Market Consolidation Move Beyond Clamp-on to Spoolpiece Meters Emphasize the Advantages of Ultrasonic Flowmeters Create a Coherent and Understandable Product Naming System Build a Great Website Educate Your Customers Invest in Smart Flowmeters, and in Communication Protocols Offer Many Models and Types of Ultrasonic Flowmeters Offer Ultrasonic Meters for Measuring Gas Flow Offer Multipath Ultrasonic Flowmeters for Custody Transfer Applications Work with Industry Associations to Obtain Approvals for Ultrasonic Flowmeters Seven Ultrasonic Flowmeter Company Profiles American Sigma Automated Sonix Corporation Brinck HMT Caldon, Inc Controlotron Corporation Danfoss A/S Flow Division D-Flow AB Datam Flutec Durag Dynasonics Eastech Flow Controls Eastern Energy Service Elis Plzen a.s EMCO
9 TABLE OF CONTENTS Chapter Description Page Number 7 Emerson Daniel Endress & Hauser AG Flexim Flotec UK Ltd Fluenta AS FMC Measurement Solutions Fuji Electric Co. Ltd GE Panametrics Greyline Instruments, Inc Honda Electronics Instromet International NV Kaijo Corporation Krohne Messtechnik Gmbh & Co. KG Laaser & Co. GmbH Matelco S.A Mesa Laboratories, Inc Micronics Limited Oval Corporation Quality Control Equipment Company Rittmeyer, Inc Sick, Inc Siemens AG Solartron Mobrey Ltd Sparling Instruments, Inc Teksco USA Teledyne Monitor Labs, Inc Thermo MeasureTech Thermo Polysonics, Inc Tokimec, Inc Tokyo Keiso Company, Ltd Ultraflux Ultrasound Research Center (URC) Yokogawa Electric Company
10 LIST OF FIGURES Figure Number Description Page Number 1-1 Total Shipments of Ultrasonic Flowmeters Worldwide Total Shipments of Ultrasonic Flowmeters Worldwide Shipments of Ultrasonic Flowmeters by Region Shipments of Ultrasonic Flowmeters by Technology Market Shares for the Leading Suppliers of Ultrasonic Flowmeters Worldwide New-Technology and Traditional Technology Flowmeters Flowmeters Offered by Ultrasonic Flowmeter Suppliers Models and Types of Ultrasonic Flowmeters by Supplier Flowmeters Approved by the Fieldbus Foundation American Sigma Ultrasonic Flowmeters Caldon Ultrasonic Flowmeters Controlotron Ultrasonic Flowmeters Danfoss Ultrasonic Flowmeters Datam Flutec Ultrasonic Flowmeters D-Flow Ultrasonic Transducer Durag Group Ultrasonic Flowmeter Dynasonics Ultrasonic Flowmeters EES Ultrasonic Flowmeters Elis Ultrasonic Flowmeters EMCO Ultrasonic Flowmeters Emerson-Daniel Ultrasonic Flowmeters Endress & Hauser Ultrasonic Flowmeters Flexim Ultrasonic Flowmeters Flotech Ultrasonic Flowmeter Fuenta Ultrasonic Flowmeters FMC Measurement Solutions Ultrasonic Flowmeter Fuji Electric Ultrasonic Flowmeter GE Panametrics Ultrasonic Flowmeter
11 LIST OF FIGURES Figure Number Description Page Number 3-20 Greyline Ultrasonic Flowmeters Instromet Ultrasonic Flowmeters Kaijo Ultrasonic Flowmeters Krohne Ultrasonic Flowmeters Laaser Ultrasonic Flowmeter Matelco Ultrasonic Flowmeters Mesa Laboratories Ultrasonic Flowmeters Micronics Ultrasonic Flowmeters Rittmeyer Ultrasonic Flowmeters Sick Ultrasonic Flowmeter Siemens Ultrasonic Flowmeters Solartron Ultrasonic Flowmeter Sparling Ultrasonic Flowmeter Teksco Ultrasonic Flowmeter Teledyne Monitor Laboratories Ultrasonic Flowmeter Thermo MeasureTech Ultrasonic Flowmeter Thermo Polytronics Ultrasonic Flowmeter Tokimec Ultrasonic Flowmeters Tokyo Keiso Ultrasonic Flowmeters Ultraflux Ultrasonic Flowmeters Ultrasound Research Center Ultrasonic Flowmeter Total Shipments of Ultrasonic Flowmeters Worldwide Total Shipments of Ultrasonic Flowmeters Worldwide Shipments of Ultrasonic Flowmeters by Region Shipments of Ultrasonic Flowmeters by Region Shipments of Ultrasonic Flowmeters by Region Shipments of Ultrasonic Flowmeters Worldwide by Technology Shipments of Ultrasonic Flowmeters Worldwide by Technology Shipments of Ultrasonic Flowmeters Worldwide by Technology Shipments of Ultrasonic Flowmeters by Technology in North America Shipments of Ultrasonic Flowmeters by Technology in Europe Shipments of Ultrasonic Flowmeters by Technology in Japan Shipments of Ultrasonic Flowmeters by Technology in Asia w/o Japan
12 LIST OF FIGURES Figure Number Description Page Number 4-13 Shipments of Ultrasonic Flowmeters by Technology in Rest of World Average Selling Price of Ultrasonic Flowmeters by Region Average Selling Price of Ultrasonic Flowmeters by Technology Average Selling Price of Ultrasonic Flowmeters Shipments of Transit Time Worldwide Shipments of Ultrasonic Transit Time Flowmeters Worldwide Shipments of Ultrasonic Transit Time Flowmeters by Region Shipments of Ultrasonic Transit Time Flowmeters by Region Shipments of Ultrasonic Transit Time Flowmeters by Region Shipments of Ultrasonic Doppler Flowmeters Worldwide Shipments of Ultrasonic Doppler Flowmeters Worldwide Shipments of Ultrasonic Doppler Flowmeters by Region Shipments of Ultrasonic Doppler Flowmeters by Region Shipments of Ultrasonic Doppler Flowmeters by Region Shipments of Ultrasonic Hybrid Flowmeters Worldwide Shipments of Ultrasonic Hybrid Flowmeters Worldwide Shipments of Ultrasonic Hybrid Flowmeters by Region Shipments of Ultrasonic Hybrid Flowmeters by Region Shipments of Ultrasonic Hybrid Flowmeters by Region Shipments of Ultrasonic Flowmeters Worldwide by Fluid Type Shipments of Ultrasonic Flowmeters Worldwide by Fluid Type Shipments of Ultrasonic Flowmeters in North America by Fluid Type Shipments of Ultrasonic Flowmeters in Europe by Fluid Type Shipments of Ultrasonic Flowmeters in Japan by Fluid Type Shipments of Ultrasonic Flowmeters in Asia w/o Japan by Fluid Type Shipments of Ultrasonic Flowmeters in Rest of World by Fluid Type
13 LIST OF FIGURES Figure Number Description Page Number 4-39 Shipments of Ultrasonic Flowmeters Worldwide by Type Shipments of Ultrasonic Flowmeters Worldwide by Type Shipments of Ultrasonic Flowmeters in North America by Type Shipments of Ultrasonic Flowmeters in Europe by Type Shipments of Ultrasonic Flowmeters in Japan by Type Shipments of Ultrasonic Flowmeters in Asia w/o Japan by Type Shipments of Ultrasonic Flowmeters in Rest of World by Type Shipments of Smart Ultrasonic Flowmeters Worldwide by Comm. Protocol Shipments of Smart Ultrasonic Flowmeters Worldwide by Comm. Protocol Shipments of Smart Ultrasonic Flowmeters in North America by Communication Protocol Shipments of Smart Ultrasonic Flowmeters in Europe by Comm. Protocol Shipments of Smart Ultrasonic Flowmeters in Japan by Comm. Protocol Shipments of Smart Ultrasonic Flowmeters in Asia w/o Japan by Communication Protocol Shipments of Smart Ultrasonic Flowmeters in Rest of World by Communication Protocol Shipments of Ultrasonic Flowmeters Worldwide by Industry Shipments of Ultrasonic Flowmeters in North America by Industry Shipments of Ultrasonic Flowmeters in Europe by Industry Shipments of Ultrasonic Flowmeters in Japan by Industry Shipments of Ultrasonic Flowmeters in Asia w/o Japan by Industry Shipments of Ultrasonic Flowmeters in Rest of World by Industry Shipments of Ultrasonic Flowmeters Worldwide by Distribution Channel Shipments of Ultrasonic Flowmeters by Region by Distribution Channel Shipments of Ultrasonic Flowmeters by Region by Distribution Channel Shipments of Ultrasonic Flowmeters Worldwide by End-User, OEM, SI Shipments of Ultrasonic Flowmeters by Region by End-User, OEM, SI Shipments of Ultrasonic Flowmeters by Region by End-User, OEM, SI
14 LIST OF FIGURES Figure Number Description Page Number 5-1 Market Shares for the Leading Suppliers of Ultrasonic Flowmeters Worldwide Market Shares for the Leading Suppliers of Ultrasonic Flowmeters in North America Market Shares for Leading Suppliers of Ultrasonic Flowmeters in Europe Market Shares for Leading Suppliers of Ultrasonic Flowmeters in Japan Market Shares for Leading Suppliers of Ultrasonic Flowmeters in Asia without Japan Market Shares for the Leading Suppliers Ultrasonic Flowmeters in Rest of World Market Shares for Leading Suppliers of Transit Time Flowmeters Worldwide Market Shares for Leading Suppliers of Transit Time Flowmeters in North America Market Shares for Leading Suppliers of Transit Time Flowmeters in Europe Market Shares for the Leading Suppliers of Transit Time Flowmeters in Japan Market Shares for the Leading Suppliers of Transit Time Flowmeters in Asia without Japan Market Shares for the Leading Suppliers of Transit Time Flowmeters in Rest of World Market Shares for Leading Suppliers of Doppler Flowmeters Worldwide Market Shares for Leading Suppliers of Hybrid Flowmeters Worldwide Market Shares for Leading Suppliers of Ultrasonic Flowmeters for Liquid Applications Worldwide Market Shares for the Leading Suppliers of Ultrasonic Flowmeters for Gas Applications Worldwide Market Shares for the Leading Suppliers of Smart Ultrasonic Flowmeters Worldwide Market Shares for the Leading Suppliers of Conventional Ultrasonic Flowmeters Worldwide Become a Broad-Line Supplier Offer Many Models and Types of Ultrasonic Flowmeters
15 LIST OF TABLES Table Number Description Page Number 1-1 Paradigm Case Conditions for New-technology Flowmeters Advantages and Disadvantages of DP and New Technology Flowmeters New Technology and DP Flowmeters Principals of Operation Paradigm Case Conditions for New Technology Flowmeters EMCO Ultrasonic Flowmeters
16 LIST OF PHOTOS Photo Number Description Page Number 2-1 World Map American Sigma American Sigma American Sigma Caldon LEFM Caldon LEFM Controlotron 1010 Spoolpiece Controlotron 1010 WP Controlotron 1010G Spoolpiece Controlotron 1010G Hot Tap Spool Controlotron 1010P Controlotron 1010 Energy Meter Danfoss Sonoflow Danfoss Sonoflow Danfoss Sonokit Datam Flutec DFU Datam Flutec DFU25e Datam Flutec DFU10p D-Flow Sing Around Transducer Durag DFL Dysonics TFXD Transit Time Dysonics 900 Doppler Dysonics 902 Portable EES Dedicated Flowmeter EES Portable Flowmeter SonoElis SE 404X SonoElis SE 405X EMCO Sono-Track Daniel Senior Sonic Meter Daniel Hot Tap Meter Endress & Hauser ProSonic DMU Flexim Fluxus ADM Flexim Fluxus ADM Flotech CO-DTTF Fluenta FGM
17 LIST OF PHOTOS Photo Number Description Page Number 3-35 FMC Kongsberg MPU Fuji Electric Portaflow-X Panametrics DF Panametrics GF Panametrics XMT Greyline DFM-IV Greyline PDFM-IV Instromet CheckSonic Instromet FlareSonic Instromet Q.Sonic-3S Instromet Q.Sonic-5S Kaijo GF Kaijo LF Krohne UFM 610P Krohne UFM Krohne AltoSonic V Laaser EARL Type 560V Matelco UF Matelco UF Mesa 1081 Doppler Mesa vf Mesa CM Micronics Portaflow Micronics Portaflow Micronics Ultraflow Rittmeyer Risonic Sick Flowsic Siemens Sitrans SUS Soloartron AC Sparling FS Teksco Compu-Flow C Monitor Laboratories Ultraflow Thermo MeasureTech Portable VersaFlo Polysonics DCT
18 LIST OF PHOTOS Photo Number Description Page Number 3-69 Polysonics DCT Tokimec UFL Tokimec UFP Tokyo Keiso UCUF Tokyo Keiso UCUF Tokyo Keiso UL600N Ultraflux Minisonic Ultraflux UF Ultrasound Research Center US
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