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The World Market for Differential Pressure (DP) Flowmeters and Primary ElementsStudy Summary This study combines research into the differential pressure (DP) flowmeter market with research into the primary element market. One main purpose of this study is to find out the true value of the DP flowmeter market. This true value is hidden away due to uncertainties in market definition. These uncertainties are due to the way in which DP flowmeters are sold, and due to some ambiguities in the term “DP flowmeter” itself. What is a DP flowmeter? The short answer is that it is a flowmeter that uses the differential pressure measuring principle to determine flow. This involves a device that combines a DP transmitter together with a primary element to measure flow. The primary element creates a pressure drop, and the DP transmitter calculates flow based on the differential pressure produced. The calculation is performed using Bernoulli’s equation. For orifice plate meters, the differential pressure is proportional to square of the flow through the orifice plate. DP Transmitters and Primary Elements One complication in determining the size of the DP flowmeter market is that, in many cases, the DP transmitter is sold separately from the primary element that creates the pressure drop. While some of the DP transmitter manufacturers also sell primary elements, such as orifice plates and Venturis, there are many primary element suppliers who do not sell DP transmitters. And end-users often order the DP transmitter and primary element from different sources. This means that accurately determining the value of DP flowmeter market requires talking to both pressure transmitter and primary element suppliers. In this respect, DP flowmeters are different from most other types of flowmeters. While most flowmeters consist of a sensor element and a transmitter element, the two elements are usually sold together. For example, the flowtube of a magnetic flowmeter is generally sold along with a magnetic flow transmitter. Ultrasonic flowmeters have a device that sends and receives a signal, and this device is typically sold along with a transmitter that uses differences in transit time to compute flow. Vortex meters have a bluff body that generates vortices, and a method of sensing them, along with a transmitter that computes flow based on the number of vortices generated. Similar comments apply to turbine, positive displacement, and Coriolis flowmeters. DP flowmeters are somewhat like open channel flowmeters. Some open channel flowmeters use a weir or flume for measuring flow. A weir is an obstruction placed across an open channel to create a dam-like structure. A flume is a manufactured channel placed in a flowstream to control and measure the flow. Weirs and flumes may be sold separately from the open channel transmitters used to compute flow based on input from them. There is a trend towards incorporating primary elements with the DP transmitter to create a true DP flowmeter. Emerson Rosemount’s ProBar and ProPlate flowmeters, both volumetric and mass, are examples of this. Even though this is an important trend, these devices still represent a relatively small percentage of the total number of DP flowmeters sold. Associated Instrumentation In addition to the primary elements involved in DP flow, some DP flow measurements also make use of temperature transmitters, absolute or gage pressure transmitters, and flow computers. This is mainly the case when mass flow is being measured. This associated instrumentation is also part of the total picture of DP flow. Goals of Study One main goal of the DP portion of this study is to arrive at the true value of the DP flowmeter market by taking into account the value of DP transmitters, primary elements, and associated instrumentation. In the past, Flow Research and some other research companies have identified the value of the DP flowmeter market with the value of the market for DP transmitters used for flow. While this is a major part of the total picture, it is not the total picture. By including the value of primary elements and associated instrumentation, we hope to determine the true value of the DP flowmeter market. Another goal of this study is to determine to what extent DP flowmeters are holding their own with respect to other flow technologies. DP flowmeters still have a very large installed base, and are still inclined to replace like with like unless they’ve had a problem with the meters. DP flowmeter manufacturers are responding to market changes with innovations like the ProBar and ProPlate, with multivariable transmitters, and with high-tier pressure transmitters with enhanced stability and accuracy. These innovations will help DP flow technology hold its own against the onslaught of new-technology flowmeters. So far most of the innovations seem to be on the side of the transmitter rather than on the side of the primary elements. However, there are companies such as Primary Flow Signal and Preso Meter (now part of Racine Federated) that have developed proprietary versions of Venturi and Pitot tube meters. Many different types of orifice plates have been developed, and perhaps there is room for more research here. This study will attempt to identify any areas of research in developing and improving primary elements. This study includes market size in dollars and units for DP flowmeters worldwide and by geographic region. DP flowmeters are divided into the following components:
Other segmentation includes the following:
Primary elements will be segmented as follows:
Scope The data developed in this study includes total revenues and unit sales by geographic region, and average selling prices for DP flowmeters. Other data includes the following:
Key
Issues in this Study
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How severe is the price pressure for DP flowmeters?
What are the sources of the pricing pressure?
How are suppliers responding to pricing pressures?
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What improvements are occurring to primary elements? · To what extent are low cost suppliers from China, India, and elsewhere penetrating the DP flowmeter market and influencing prices? · How quickly is e-business growing as a distribution channel?
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