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[ Focus on Chemical Machinery Equipment Network ] The flowmeter market scale will fluctuate with oil prices.
According to the World Flow Meter Market Report of Flow Research in May 2019, when oil prices began to fall in 2014, when many oil and gas exploration projects were postponed or cancelled, the related instrumentation industry experienced a chain reaction.
This decline has a particularly large impact on the markets of Coriolis, ultrasonic, differential pressure, volumetric and turbine flow meters.
Chemical machinery equipment network hotspots pay attention to chemical machinery equipment flowmeter instrumentationAccording to the World Flow Meter Market Report of Flow Research in May 2019, when oil prices began to fall in 2014, when many oil and gas exploration projects were postponed or cancelled, the related instrumentation industry experienced a chain reaction.
This decline has a particularly large impact on the markets of Coriolis, ultrasonic, differential pressure, volumetric and turbine flow meters.
In 2016, as oil prices began to rise, the flow meter market returned to a healthy upward trajectory.
Coriolis and ultrasonic flow meters (certified by the industry for gas and liquid custody transfer) achieved higher growth rates.
The report shows that the total flow meter market in 2018 was 7.
06 billion U.
S.
dollars and is expected to be close to 8.
85 billion U.
S.
dollars by 2023.
Coriolis and ultrasonic flow meters (certified by the industry for gas and liquid custody transfer) achieved higher growth rates.
The report shows that the total flow meter market in 2018 was 7.
06 billion U.
S.
dollars and is expected to be close to 8.
85 billion U.
S.
dollars by 2023.
In some applications, flow meters with new technologies are replacing traditional flow meters, although traditional meters are still the main force in many applications.
New technology flow meters introduced after 1950*, including Coriolis, electromagnetic, ultrasonic, vortex and thermal flow meters.
Traditional technology flow meters include differential pressure, volume, turbine, open channel and variable area flow meters.
New technology flow meters introduced after 1950*, including Coriolis, electromagnetic, ultrasonic, vortex and thermal flow meters.
Traditional technology flow meters include differential pressure, volume, turbine, open channel and variable area flow meters.
As some new technology flowmeters become more and more familiar, cheaper and cheaper, and the range of available pipe sizes continues to expand, they have gained more industry recognition.
The advantages of the new technology flowmeter include: accuracy, repeatability, reliability, no moving parts susceptible to wear, and low to no pressure drop.
The ever-increasing new features, options and applications increase ease of use and can be integrated into the process.
Some new technology flow meters also benefit from expanding and updating applications, such as hydrocracking and environmental monitoring.
The advantages of the new technology flowmeter include: accuracy, repeatability, reliability, no moving parts susceptible to wear, and low to no pressure drop.
The ever-increasing new features, options and applications increase ease of use and can be integrated into the process.
Some new technology flow meters also benefit from expanding and updating applications, such as hydrocracking and environmental monitoring.
Traditional flow meters, especially differential pressure flow meters, positive displacement flow meters, and turbine flow meters, use a large number of bases, so that users are not willing to change to other types of flow for no reason.
In addition, they are the first flow meters approved by industry associations for custody transfer applications.
In many applications, they are low cost and are the main force in the field of flow measurement.
However, due to the increasing demand for improved accuracy, reliability, and manageable network functions, some users are turning to meters that use new technologies.
In addition, they are the first flow meters approved by industry associations for custody transfer applications.
In many applications, they are low cost and are the main force in the field of flow measurement.
However, due to the increasing demand for improved accuracy, reliability, and manageable network functions, some users are turning to meters that use new technologies.
In addition, product improvements of new technology flow meters and traditional technology flow meters have also promoted the upward trend of the market.
Some of the improvements brought about by the new technology include modern materials used for instrument parts or bushings, more pipeline sizes, higher accuracy, and wider flow ranges.
Flowmeter suppliers are manufacturing battery-powered devices for smaller meters in confined spaces, multivariable meters, and self-monitoring and self-calibrating meters.
Some of the improvements brought about by the new technology include modern materials used for instrument parts or bushings, more pipeline sizes, higher accuracy, and wider flow ranges.
Flowmeter suppliers are manufacturing battery-powered devices for smaller meters in confined spaces, multivariable meters, and self-monitoring and self-calibrating meters.
In view of the requirements of regulatory reporting and the need for continuous and uninterrupted measurement, the value of redundant measurement is increasing.
Some scroll and turbine suppliers have introduced devices with two sensors and dual flow meters calibrated together.
The new differential pressure flow meter provides a fully integrated orifice plate with multiple transmitters.
The design of the double turbine rotor provides a larger regulating flow range and higher accuracy.
When selecting a flow meter, redundancy, accuracy, and reliability are key characteristics.
Some scroll and turbine suppliers have introduced devices with two sensors and dual flow meters calibrated together.
The new differential pressure flow meter provides a fully integrated orifice plate with multiple transmitters.
The design of the double turbine rotor provides a larger regulating flow range and higher accuracy.
When selecting a flow meter, redundancy, accuracy, and reliability are key characteristics.
Original title: Does your flow meter need to be upgraded?
