The global ultrasonic
flow meter market is segmented on the basis of product types,
application and geography. An ultrasonic flow meter is a type of flow meter
that measures the velocity of a fluid with ultrasound to calculate volume flow.
Using ultrasonic transducers the flow meter can measure the average velocity
along the path of an emitted beam of ultrasound by averaging the difference in
measured transit time between the pulses of ultrasound propagating into and
against the direction of the flow or by measuring the frequency shift from the
Doppler Effect. Ultrasonic flow meters are affected by the acoustic properties
of the fluid and can be impacted by temperature, density, viscosity and
suspended particulates depending on the exact flow meter. They vary greatly in
purchase price but are often inexpensive to use and maintain because they do
not use moving parts unlike mechanical flow meters.
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Ultrasonic flow
meters are gaining wider prominence in hydrocarbon industry applications.
Benefits offered by ultrasonic flowmeters such as accuracy and obstruction-free
measurement are the major factors fueling demand for this product. The oil
& gas industry has been one of the major contributors to the market size of
ultrasonic flowmeters. Ultrasonic flowmeters are becoming increasingly popular
in the upstream oil & gas market size and this sector has emerged as a
growth area for the technology. However, in the short-term the slowdown in the
oil & gas industry is inhibiting the market size. Oil & gas companies
are reducing staff and canceling or delaying projects. The slowdown in the
industry has significantly influenced the 2015 flowmeter shipments. Due to the
ongoing slowdown, the demand for ultrasonic flowmeters is expected to remain
sluggish in the near coming years.
On the basis of
product types, the ultrasonic flow meters market is segmented into inline
ultrasonic, flare gas meters, differential pressure, clamp-on ultrasonic,
positive displacement, turbine, vortex, coriolis, magnetic, and so on. On the
basis of application, the ultrasonic flow meter market is segmented into water
& waste water, oil & gas, refining & petrochemicals, power
generation, pulp & paper, metals & mining, food & beverages,
pharmaceuticals, chemicals and so on. The segment “water & wastewater”
accounts for the largest share of the flow meter market. Flow meter is used in
water flow monitoring, detection of leakage, water consumption among other
applications. Water is used in industrial, household and communal applications.
Without flow
meter, the measurements and monitoring is not possible which has resulted in
increased use of flow meters. Moreover, water is an important constituent of
various industrial operations such as in chemical, oil & gas, food &
beverages, automotive, manufacturing industries including iron & steel.
These industries need to monitor the flow rate and water use in their respective
processes, which involves the use of flow meters. This has led to an increased
use of flow meters in various segments of the market. On the basis of
geography, the ultrasonic flow meter market is segmented into North America,
Europe, Asia Pacific, Latin America and Middle East & Africa. Asia Pacific
dominated the ultrasonic flow meter market in 2015. The demand for flow meter
in the Asia Pacific region is mainly driven by the rising demand for high
quality and reliable measurement tools from end-use industries which is
increasing the demand for flow meters.
Asia Pacific is
estimated to be the fastest growing market for flow meter. This high growth is
because of the increased demand from the oil & gas and water treatment
applications in the region. Moreover, the growing industrial development, water
recycling facilities, growing concern in industries with regard to maintaining
accuracy in flow rate, volume and quantity of chemicals, liquids, gases and
various fluids in their operations and processes is increasing the demand for
flow meters in the region. The key players of ultrasonic flow meters market are
KROHNE Messtechnik, Siemens, ENDRESS HAUSER, Greyline Instruments, Bronkhorst,
Mass Flow, YOKOGAWA, NIVUS, Isoil, FUJI ELECTRIC, ABB Ltd., Siemens AG, Badger
Meter Inc., Endress + Hauser AG, Azbil Corporation, Krohne Messtechnik GmbH and
Schneider Electric.
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