23th January 2019: 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.
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 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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