Volume X: The World Market for Flowmeters, 3 rd Edition
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1 Volume X: The World Market for Flowmeters, 3 rd Edition Wakefield, Massachusetts
2
3 i Volume X: The World Market for Flowmeters, 3 rd Edition Wakefield, Massachusetts October 2010
4 ii Researched by: 27 Water Street Suite B7 Wakefield, MA United States (fax) Project Team Jesse Yoder, PhD. - Project Director Belinda Burum Norman Weeks Leslie Buchanan Nicole Riordan Published by October 2010
5 iii Copyright 2010 All data and information in this study is proprietary and copyrighted by No part of this study may be reproduced orally or in written form to anyone outside the internal organization of the client for five years from the date of this study without the prior written consent of Disclaimer While every effort has been made to insure that this study is accurate and complete, Flow Research, Inc. accepts no liability for consequences of any actions that are based on the findings in this study.
6 iv
7 v TABLE OF CONTENTS Chapter Description Page Number One Executive Summary Overview A Complete Analysis of the Flowmeter Market Study Objectives Methodology Geographic Regions of the World Shipments of Flowmeters by Flowmeter Type Worldwide: Figures 1-1 to Shipments of New-Technology Flowmeters by Flowmeter Type: Figure Shipments of Traditional Technology Flowmeters by Flowmeter Type: Figure Two Scope and Method 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 Geographic Regions of the World Definitions Flowmeter Types Segmentation by Technology Team History and Experience Flow Research Instrumentation Articles Flow Research Studies Custom Projects Worldflow Monitoring Service
8 vi TABLE OF CONTENTS Chapter Description Page Number Three Flowmeter Paradigm Case Analysis Overview New-Technology Flowmeters Coriolis Flowmeters Magnetic Flowmeters Ultrasonic Flowmeters Vortex FLowmeters Thermal Flowmeters Paradigm Case Selection Method Four Worldwide Flowmeter Market Getting a Look from 20,000 Feet A New All-Technology Flow Study Shipments of Flowmeters by Flowmeter Type Worldwide: Figures 4-1 to Five New-Technology Flowmeters Defining New-Technology Flowmeters Coriolis Flowmeters Magnetic Flowmeters Ultrasonic Flowmeters Vortex Flowmeters Thermal Flowmeters A Magic Bullet Technology? Shipments of New-Technology Flowmeters by Type Worldwide: Figures 5-1 to
9 vii TABLE OF CONTENTS Chapter Description Page Number Six Coriolis Flowmeters Why Measure Mass Flow? Coriolis Remains the Most Accurate Flowmeter Coriolis Flowmeter Suppliers Coriolis Flowmeter Suppliers ABB Brooks Instrument Emerson Process Management, Micro Motion Endress+Hauser Foxboro (Invensys Process Systems) GE Measurement and Control Solutions Itron KROHNE OVAL Corporation Siemens Yokogawa Market Size and Growth Forecasts Growth Factors for the Coriolis Market Custody Transfer of Natural Gas is a Potential Boon for Coriolis Flowmeters Suppliers Continue to Make Technological Improvements in Coriolis Flowmeters Straight Tube Meters are Addressing Some Issues with Bent Tube Meters Growth in Coriolis Meters for Larger Line Sizes Introduction of Low Cost Coriolis Meters Users Are Looking for Low Maintenance Factors Limiting Growth Market Forecasts Shipments of Coriolis Flowmeters by Region: Figures 6-1 to Average Selling Prices of Coriolis Flowmeters by Region: Figure
10 viii TABLE OF CONTENTS Chapter Description Page Number Seven Magnetic Flowmeters Magnetic Flowmeters Are Popular in Europe Magnetic Flowmeter Suppliers Magnetic Flowmeter Suppliers ABB Badger Meter Bopp & Reuther Emerson Process Management, Rosemount Division Endress+Hauser FTI Flow Technology Inc Foxboro (Invensys Process Systems) Itron KROHNE McCrometer Inc (subsidiary of Danaher) OVAL Corporation Racine Federated Inc., Dynasonics Division Siemens Spirax Sarco, EMCO Flow Systems division Yamatake (azbil) Yokogawa Market Size and Growth Forecasts Growth Factors for the Magnetic Flowmeter Market Magnetic Flowmeters Are Replacing Traditional Technology Flowmeters New Product Types Many Types of Liners Available Magnetic Flowmeter Installed Base The Large Number of Magnetic Flowmeter Suppliers Market Forecasts Shipments of Magnetic Flowmeters by Region: Figures 7-1 to Average Selling Price of Magnetic Flowmeters by Region: Figure
11 ix TABLE OF CONTENTS Chapter Description Page Number Eight Ultrasonic Flowmeters Overview History Advantages of Ultrasonic Flowmeters Types of Ultrasonic Flowmeters Ultrasonic Flowmeter Suppliers Ultrasonic Flowmeter Suppliers Accusonic Technologies, IDEX Corporation Badger Meter Cameron, Measurement Systems division Elster Instromet Emerson Process Management, Daniel Measurement and Control Endress+Hauser Faure Herman (IDEX Corporation, Liquid Controls Group) FMC Technologies FTI Flow Technology, Inc Fuji Electric Group GE Measurement & Control Solutions KROHNE 8-17 OVAL Racine Federated Inc Sensus SICK Siemens Sierra Instruments Spirax Sarco, EMCO Flow Systems division Thermo Fisher Scientific Tokyo Keiki Inc Tokyo Keiso Yokogawa Growth Factors for the Ultrasonic Flowmeter Market Successful User Experience Serves as a Paradigm for the Industry Multipath Ultrasonic Flowmeters Used for Custody Transfer Improvements in Transit Time Technology
12 x TABLE OF CONTENTS Chapter Description Page Number More Calibration Facilities Available Ultrasonic Flowmeters Gain Industry Approvals Factors Limiting Growth Market Size and Growth Forecasts Shipments of Ultrasonic Flowmeters by Region: Figures 8-1 to Average Selling Prices of Ultrasonic Flowmeters by Region: Figure Nine Vortex Flowmeters Overview Vortex Flowmeter Suppliers Vortex Flowmeter Suppliers ABB Bopp & Reuther Emerson Process Management, Rosemount Division Endress+Hauser Foxboro (Invensys Process Systems) KROHNE OVAL Corporation Racine Federated Inc Sierra Instruments Spirax Sarco, Inc., EMCO Flow Systems division Yamatake (azbil) Yokogawa Growth Forecasts in the Vortex Market Vortex Flowmeters Provide Accurate and Reliable Flow Measurement at a Competitive Price Vortex Flowmeters Are the Lowest Cost New-Technology Meter Vortex Flowmeters Are Widely Used for Steam Applications More Suppliers Now in the Market
13 xi TABLE OF CONTENTS Chapter Description Page Number More Multivariable Vortex Flowmeters Now Available Users Are Moving Towards New-Technology Flowmeters Users Are Looking for Low Maintenance Industry-Wide Standards Have Been Developed for the Use of Vortex Flowmeters for Custody Transfer Applications Vortex Flowmeters Used for District Heating Applications Market Size and Growth Forecasts Shipments of Vortex Flowmeters by Region: Figures 9-1 to Average Selling Price of Vortex Flowmeters by Region: Figure Ten Thermal Flowmeters Advantages and Disadvantages Why Thermal Is an Interesting Technology Thermal Flowmeter Suppliers Thermal Flowmeter Suppliers ABB Endress+Hauser Fluid Components International LLC Sierra Instruments Tokyo Keiso Continuous Emissions Monitoring (CEM) Boosts Thermal Flowmeter Sales A New Age of Environmental Awareness Market Forecasts Shipments of Thermal Flowmeters by Region: Figures 10-1 to Average Selling Prices of Thermal Flowmeters by Region:... Figure 10-6
14 xii TABLE OF CONTENTS Chapter Description Page Number Eleven Traditional Technology Flowmeters Familiarity Breeds Respect Switching Technologies Has a Cost Differential Pressure Positive Displacement Turbine Open Channel Variable Area Recent Developmentsamong Positive Displacement and Positive Displacement Flowmeters Turbine Flowmeter Suppliers Mergers and Acquisitions in the PD and Turbine Markets Selecting a Flowmeter Differential Pressure Market Size and Forecast Shipments of Traditional Technology Flowmeters by Flowmeter Type Worldwide: Figures 11-1 to Twelve Differential Pressure Flowmeters Four Types of Pressure Transmitters Differential Pressure Flowmeters History of DP Flowmeters Theory of Differential Pressure Measurement What Is a Differential Pressure Flowmeter? Differential Pressure Flow Transmitter Suppliers Differential Pressure Flow Transmitter Suppliers ABB Ltd Emerson Process Management, Bristol Emerson Process Management, Rosemount Division Endress+Hauser FMC Technologies Fuji Electric
15 xiii TABLE OF CONTENTS Chapter Description Page Number Honeywell Siemens Smar Equipamentos Industrials Thermo Fisher Scientific, Thermo Scientific brand Tokyo Keiso Yamatake Yokogawa Factors Promoting the Growth of the Pressure Transmitter Market Plant Renovations and Upgrades The Need to Conserve Energy The Large Installed Base of Differential Pressure Flow Transmitters Rapid growth in China and Other Developing Markets Advanced Features in Differential Pressure Flow Transmitters Market Size and Growth Forecasts Average Selling Prices of Differential Pressure Flow Transmitters by Region: Figure Thirteen Primary Elements Overview Orifice Plate Measuring Point Pitot Tube Venturi Tube Flow Nozzle Wedge Element Other Primary Elements Primary Element Suppliers Primary Element Suppliers ABB Bopp & Reuther Cameron, Measurement Systems division
16 xiv TABLE OF CONTENTS Chapter Description Page Number Emerson Process Management, Daniel Measurement and Control Emerson Rosemount FMC Technologies Fuji Electric McCrometer, Inc Racine Federated Inc Spirax Sarco Thermo Fisher Scientific Veris Inc Factors Promoting the Growth of the Primary Elements Market Growth in the Oil & Gas Industry The Large Installed Base of Differential Pressure Flow Transmitters Rapid Growth in China and Other Developing Markets Technology Improvements in Primary Elements Growth in the Use of Multivariable DP Flowmeters Growth in the Use of Integrated DP Flowmeters Expanded Distribution Channels, Including E-Business Market Size and Growth Forecasts Shipments of Primary Elements Worldwide: Figures 13-1 to Average Selling Prices of Primary Elements by Region: Figure Fourteen Positive Displacement Flowmeters PD Technologies Definitions Positive Displacement Flowmeter Suppliers Positive Displacement Flowmeter Suppliers Badger Meter Bopp & Reuther Brooks Instrument Cameron, Measurement Systems division Dresser, Inc
17 xv TABLE OF CONTENTS Chapter Description Page Number Elster Instromet FMC Technologies IDEX, Liquid Controls Group Itron OVAL Corporation Racine Federated Inc., Blancett Division FTI Flow Technology Sensus Siemens Applications for PD Meters Prospects for PD Meters Conclusion Market Size and Growth Forecasts Shipments of Positive Displacement Flowmeters by Region: Figures 14-1 to Average Selling Prices of Positive Displacement Flowmeters by Region: Figure Fifteen Turbine Flowmeters Turbine Flowmeter Design 15-1 Turbine Flowmeter Suppliers 15-2 Turbine Flowmeter Suppliers Badger Meter Bopp & Reuther Cameron, Measurement Systems division Dresser, Inc Elster Instromet Emerson Process Management, Daniel FTI Flow Technology Inc FMC Technologies IDEX Corporateion, Liquid Controls Group Itron McCrometer, Inc., a subsidiary of Danaher
18 xvi TABLE OF CONTENTS Chapter Description Page Number Neptune Technology Group, Roper Industries OVAL Corporation Racine Fecerated Inc., Blancett, Flo-tech, and Hedland divisions Sensus Spirax Sarco, EMCO Flow Systems division Thermo Fisher Scientific Tokyo Keiso Growth Factors for the Turbine Flowmeter Market Turbine Flowmeters Are Well-Established Installed Base of Turbine Flowmeters Approval Organizations Specify Turbine Flowmeters Turbine Flowmeters Remain a Viable Choice for Steady, Medium to High-Speed Flows Market Size and Growth Forecasts Shipments of Turbine Flowmeters by Region: Figures 15-1 to Average Selling Prices of Turbine Flowmeters by Region: Figure Sixteen Open Channel Flowmeters Methods Used to Measure Open Channel Flow A Look Ahead Advantages & Disadvantages of Different Open Channel Flow Methods Open Channel Flowmeter Suppliers Open Channel Flowmeter Suppliers Market Size and Growth Forecasts Shipments of Open Channel Flowmeters by Region: Figures 16-1 to Average Selling Prices of Open Channel Flowmeters by Region: Figure
19 xvii TABLE OF CONTENTS Chapter Description Page Number Seventeen Variable Area Flowmeters Variable Area Flowmeter Suppliers Growth Factors for the Variable Area Flowmeter Market Variable Area Flowmeters Continue to Fill Multiple Needs for Users Variable Area Flowmeters Are the Lowest Cost Solution Available Variable Area Flowmeters will Continue to be Used for Laboratory, Research, and OEM Applications Factors Limiting Growth Market Size and Growth Forecasts Shipments of Variable Area Flowmeters by Region: Figures 17-1 to Average Selling Prices of Variable Area Flowmeters by Region: Figure Eighteen Target Flowmeters Target Flowmeter Suppliers Target Flowmeters for Steam Flow Applications: Advantages and Limitations Market Size and Growth Forecasts Growth Factors for the Target Flowmeter Market Target Flowmeters a Good Solution for Steam Flow Measurement Target Flowmeters Have Attractive Features Factors Limiting Growth Shipments of Target Flowmeters by Region: Figures 18-1 to Average Selling Prices of Target Flowmeters by Region Figure
20 xviii TABLE OF CONTENTS Chapter Description Page Number Nineteen Emerging Technology Flowmeters Sonar Sonar Flowmeter Suppliers Optical Optical Flowmeter Suppliers Twenty Flowmeter Supplier Market Shares Overview Coriolis Magnetic Ultrasonic Vortex Thermal Differential Pressure Primary Elements Positive Displacement Turbine Open Channel Variable Area Target Twenty One Supplier Profiles ABB, Ltd Badger Meter, Inc Bopp & Reuther Messtechnik GmbH Brooks Instrument Cameron, Measurement Systems (division) Danaher Corporation McCrometer, Inc. (a subsidiary of Danaher) Hach Flow, Marsh-McBirney & Sigma Flow Dresser, Inc
21 xix TABLE OF CONTENTS Chapter Description Page Number Elster-Instromet Emerson Process Management Bristol Measurement and Control Products Daniel Measurement and Control Micro Motion Inc Rosemount Division Endress+Hauser Holding AG Fluid Components International LLC FMC Technologies Foxboro (Invensys Process Systems) Fuji Electric Group GE Measurement and Control Solutions Honeywell International / Honeywell Process Solutions IDEX (Accusonic, Liquid Controls, Liquid Controls Sponsler, Faure Herman, S.A.M.P.I., Itron KROHNE Messtechnik GmbH OVAL Corporation Racine Federated Inc Roper Industries, Inc. / Neptune Technology Group Inc FTI Flow Technology, Inc Sensus SICK AG Siemens Sierra Instruments Smar Equipamentos Industrials Ltds Spirax Sarco Engineering EMCO Flow Systems Thermo Fisher Scientific Tokyo Keiki Inc Tokyo Keiso Company, Ltd Toshiba Corporation Veris Yamatake Corporation (azbil) Yokogawa Electric Corporation
22 xx Appendix: Study Overview... A-1 LIST OF FIGURES Figure Number Description Page Number 1-1 Total Shipments of All Flowmeters Worldwide (Dollars) Total Shipments of All Flowmeters Worldwide (Units) Shipments of All Flowmeters by Region Shipments of All Flowmeters Worldwide by Flowmeter Type Shipments of All Flowmeters Worldwide by Flowmeter Type (Dollars) Shipments of All Flowmeters Worldwide by Flowmeter Type (Units) Shipments of New-Technology Flowmeters Worldwide by Type Shipments of Traditional Technology Flowmeters Worldwide by Type New-Technology and Traditional Technology Flowmeters New-Technology Flowmeters Approved by the Fieldbus Foundation Total Shipments of All Flowmeters Worldwide Total Shipments of All Flowmeters Worldwide Shipments of All Flowmeters Worldwide by Technology Shipments of All Flowmeters Worldwide by Technology Shipments of All Flowmeters Worldwide by Technology Shipments of All Flowmeters Worldwide by Technology Shipments of New-Technology Flowmeters Worldwide Shipments of New-Technology Flowmeters Worldwide Shipments of New-Technology Flowmeters by Type Shipments of New-Technology Flowmeters by Type Shipments of New-Technology Flowmeters by Type
23 xxi LIST OF FIGURES Figure Number Description Page Number 6-1 Total Shipments of Coriolis Flowmeters Worldwide Total Shipments of Coriolis Flowmeters Worldwide Shipments of Coriolis Flowmeters by Region Shipments of Coriolis Flowmeters by Region Shipments of Coriolis Flowmeters by Region Average Selling Price of Coriolis Flowmeters by Region Total Shipments of Magnetic Flowmeters Worldwide Total Shipments of Magnetic Flowmeters Worldwide Shipments of Magnetic Flowmeters by Region Shipments of Magnetic Flowmeters by Region Shipments of Magnetic Flowmeters by Region Average Selling Price of Magnetic Flowmeters by Region 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 Average Selling Price of Ultrasonic Flowmeters by Region Total Shipments of Vortex Flowmeters Worldwide Total Shipments of Vortex Flowmeters Worldwide Shipments of Vortex Flowmeters by Region Shipments of Vortex Flowmeters by Region Shipments of Vortex Flowmeters by Region Average Selling Price of Vortex Flowmeters by Region
24 xxii LIST OF FIGURES Figure Number Description Page Number 10-1 Total Shipments of Thermal Flowmeters Worldwide Total Shipments of Thermal Flowmeters Worldwide Shipments of Thermal Flowmeters by Region Shipments of Thermal Flowmeters by Region Shipments of Thermal Flowmeters by Region Average Selling Price of Thermal Flowmeters by Region Total Shipments of Traditional Technology Flowmeters Worldwide Total Shipments of Traditional Technology Flowmeters Worldwide Shipments of Traditional Technology Flowmeters by Type Shipments of Traditional Technology Flowmeters by Type Shipments of Traditional Technology Flowmeters by Type Total Shipments of Differential Pressure Flowmeters Worldwide Total Shipments of Differential Pressure Flowmeters Worldwide Shipments of Differential Pressure Flowmeters by Region Shipments of Differential Pressure Flowmeters by Region Shipments of Differential Pressure Flowmeters by Region Average Selling Price of Differential Pressure Flowmeters by Region Total Shipments of Primary Elements Worldwide Total Shipments of Primary Elements Worldwide Shipments of Primary Elements by Region Shipments of Primary Elements by Region Shipments of Primary Elements by Region Average selling Price of Primary Elements by Region Total Shipments of Positive Displacement Flowmeters Worldwide Total Shipments of Positive Displacement Flowmeters Worldwide Shipments of Positive Displacement Flowmeters by Region Shipments of Positive Displacement Flowmeters by Region Shipments of Positive Displacement Flowmeters by Region Average Selling Price of Positive Displacement Flowmeters by Region
25 xxiii LIST OF FIGURES Figure Number Description Page Number 15-1 Total Shipments of Turbine Flowmeters Worldwide Total Shipments of Turbine Flowmeters Worldwide Shipments of Turbine Flowmeters by Region Shipments of Turbine Flowmeters by Region Shipments of Turbine Flowmeters by Region Average Selling Price of Turbine Flowmeters by Region Total Shipments of Open Channel Flowmeters Worldwide Total Shipments of Open Channel Flowmeters Worldwide Shipments of Open Channel Flowmeters by Region Shipments of Open Channel Flowmeters by Region Shipments of Open Channel Flowmeters by Region Average Selling Prices of Open Channel Flowmeters by Region Total Shipments of Variable Area Flowmeters Worldwide Total Shipments of Variable Area Flowmeters Worldwide Shipments of Variable Area Flowmeters by Region Shipments of Variable Area Flowmeters by Region Shipments of Variable Area Flowmeters by Region Average Selling Price of Variable Area Flowmeters by Region Total Shipments of Target Flowmeters Worldwide Total Shipments of Target Flowmeters Worldwide Shipments of Target Flowmeters by Region Shipments of Target Flowmeters by Region Shipments of Target Flowmeters by Region Average Selling Price of Target Flowmeters by Region
26 xxiv LIST OF FIGURES Figure Number Description Page Number 20-1 Market Shares for the Leading Suppliers of Coriolis Flowmeters Worldwide Market Shares for the Leading Suppliers of Magnetic Flowmeters Worldwide Market Shares for the Leading Suppliers of Ultrasonic Flowmeters Worldwide Market Shares for the Leading Suppliers of Vortex Flowmeters Worldwide Market Shares for the Leading Suppliers of Thermal Flowmeters Worldwide Market Shares for the Leading Suppliers of Differential Pressure Flow Transmitters Worldwide Market Shares for the Leading Suppliers of Primary Elements Worldwide Market Shares for the Leading Suppliers of Positive Displacement Flowmeters Worldwide Market Shares for the Leading Suppliers of Turbine Flowmeters Worldwide Market Shares for the Leading Suppliers of Open Channel Flowmeters Worldwide Market Shares for the Leading Suppliers of Variable Area Flowmeters Worldwide Market Shares for the Leading Suppliers of Target Flowmeters Worldwide
27 xxv LIST OF TABLES Table Number Description Page Number 3-1 Advantages and Disadvantages of DP and New Technology Flowmeters New Technology and DP Flowmeter Principles of Operation Paradigm Case Conditions for New-Technology Flowmeters Advantages and Disadvantages of DP and New-Technology Flowmeters New-Technology and DP Flowmeter Principles of Operation Paradigm Case Conditions for New-Technology Flowmeters Models and Types of Coriolis Flowmeters by Supplier Models and Types of Magnetic Flowmeters by Supplier Models and Types of Ultrasonic Flowmeters by Supplier Models and Types of Vortex Flowmeter Suppliers Worldwide Average Selling Prices for Flowmeters Suppliers of Thermal Flowmeters Mergers and Acquisitions in Traditional Technology Flowmeter Suppliers Where Traditional Technology Flowmeters Excel DP Flow Transmitter Suppliers Suppliers of Primary Elements for Flow Measurement Positive Displacement Flowmeter Suppliers by Fluid Type Turbine Flowmeter Suppliers by Fluid Type Advantages and Disadvantages of Different Open Channel Flow Methods
28 xxvi 16-2 Open Channel Suppliers Variable Area Flowmeter Suppliers by Flowtube Material Type Target Flowmeter Suppliers Sonar Flowmeter Suppliers Optical Flowmeter Suppliers LIST OF MAPS Map Number Description Page Number 2-1 World World by Region Asia Europe and Russia The Russian Federation China Japan India Indonesia Europe, Middle East, and Africa (EMEA) The Middle East Commonwealth of Independent States and Asia South America Central America The United States Canada
29 xxvii LIST OF PHOTOS Photo Number Description Page Number 12-1 An Orifice Plate Orifice Flange Assemblies Verabar Multiport Averaging Pitot Tube Venturi Tubes A Flow Nozzle COIN Wedge Meter
30 xxviii
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