Contact: Belinda Burum, Flow Research: 781-245-3200 email@example.com
For immediate release
Ultrasonic Flowmeter Market to Exceed $700 Million by 2012, New Flow
Research Study Finds
Massachusetts; November 25, 2008
The ultrasonic flowmeter market remains the fastest growing market of any
flowmeter type, according to a new market study from Flow Research (www.flowresearch.com). The study, The World
Market for Ultrasonic Flowmeters, 3rd Edition (www.flowultrasonic.com),
shows the worldwide ultrasonic flowmeter market at $440 million in 2007,
up from $255 million in 2002, with a projected compound average growth
rate (CAGR) of 9.8% through 2012. The
study also finds that the number of companies entering the ultrasonic
flowmeter market is rising and predicts that even more companies will
enter the market as ultrasonic flowmeter usage continues to grow.
single most important factor in the growth of ultrasonic flowmeters has
been the explosive growth in the market of multipath ultrasonic meters for
custody transfer of natural gas. Approvals from industry organizations in
Europe and the
addition, technological improvements have increased the accuracy of
ultrasonic transit time flowmeters, which has led to broader use in a
wider variety of conditions. Ultrasonic flowmeters now account for more
than 10 percent of the revenues generated by the entire worldwide
The ultrasonic flowmeter market grew very rapidly over the past several years, and we see that trend continuing, particularly as the market for gas flow measurement using ultrasonic flowmeters continues to expand. Suppliers, including larger companies with deep pockets, are jumping on the ultrasonic bandwagon. And as more and more users have positive experiences with this relatively new technology and recognize its advantages for certain applications, we believe they will increasingly adopt ultrasonic flowmeters.
Flow Research, Inc.
Flow Research (www.flowresearch.com) provides market data and strategies on flowmeters and instrumentation products. Recent projects include market studies on the world flowmeter market, steam flow, Coriolis flowmeters, and mass flow controllers. Flow Research also publishes quarterly reports on the flowmeter and energy markets as part of the Worldflow Monitoring Service (www.worldflow.com).