The market research company IMS Research has just published its second survey of the flowmeter market. The press release announcing the survey is sparse on figures, but it does indicate that the Coriolis flowmeter market will overtake the electromagnetic flowmeter market in 2012 to take second place, and that it will take first place in 2014, thus dethroning the depressurized flowmeter market (which consists of making a constriction in the pipe, measuring the pressure difference around it, and calculating the square root of this pressure difference to obtain the flow rate).
In terms of market dynamics, ultrasonic models have become Coriolis' main competitors.
This being said, in terms of volume, we can assume that flowmeters with depressurizing elements and mechanical models (turbine models in particular) will continue to dominate the market, as they are much less expensive than Coriolis models.
The success of Coriolis flowmeters is primarily due to their ability to directly measure mass flow, which is often more interesting than volume flow, as it does not depend on temperature and therefore on ambient conditions. Mass flow is increasingly in demand, including for commercial transactions (in the future, people will fill up their tanks with petrol in kg rather than liters...). The Coriolis also owes its success to its ability to measure several parameters with the same device (flow rate, but also temperature and density) and its integrated diagnostic functions. Another factor in its favour is that the Coriolis has considerably broadened its range of pipe diameters, and achieves very high accuracies, even for small flow quantities (which opens up dosing applications).
Unsurprisingly, theIMS Research points out that the emerging markets are the most dynamic and will become the fastest-growing. the world's leading market in 2014.
Learn more: www.imsresearch.com/