THE MARKET FOR TURBINE

FLOWMETERS WORLDWIDE

Researched by:

Flow Research 27 Water Street Wakefield, MA 01880 781-245-3200 www.flowresearch.com Project team: Jesse Yoder PhD., Michael Kirsch, Belinda Burum

Ducker Research Company, Inc. 6905 Telegraph Road Suite 300 Bloomfield Hills, MI 48301 248-644-0086 www.ducker.com Project team: Nick Limb, Scott Shober Lorena Ferrari

Published by

Ducker Research Company, Inc.

A Division of Ducker Worldwide

September, 2002

TABLE OF CONTENTS

Chapter Description Page Number

One........................... Executive Summary..................................................................... 1-1

Turbine Flowmeters Remain a Viable Choice for Steady,
Medium to High-Speed Flows.............................................................. 1-1

Overview............................................................................................. 1-4

Worldwide Flowmeter Studies ä......................................................... 1-5

The Role of Viewpoint Pluralism in Worldflowä................................... 1-6

Study Objectives.................................................................................. 1-8

Methodology....................................................................................... 1-9

Supplier Input...................................................................................... 1-9

Supplier Analysis.................................................................................. 1-9

OEM and End-User Analysis............................................................. 1-11

Forecasts........................................................................................... 1-11

Definitions.......................................................................................... 1-12

Fluid Types........................................................................................ 1-14

Paradigm Case for Turbine Flowmeters.............................................. 1-17

Growth Factors for the Turbine Flowmeter Market............................. 1-17

Shipments of Turbine Flowmeters Worldwide by Region..................... 1-17

Shipments of Turbine Flowmeters Worldwide by Application.............. 1-18

Market Shares for the Leading Suppliers of Turbine
Flowmeters Worldwide...................................................................... 1-18

Emphasize the Advantages of Turbine Flowmeters.............................. 1-21

Invest in the Water or Gas Utility Measurement Market ..................... 1-22

TABLE OF CONTENTS

(continued)

Chapter Description Page Number

Two........................... Introduction and Methology....................................................... 2-1

Overview............................................................................................. 2-1

Worldwide Flowmeter Studies............................................................. 2-2

The Role of Viewpoint Pluralism in Worldflowä................................... 2-4

The Importance of Cross-Technology Research.................................... 2-5

New Studies vs. Updates..................................................................... 2-7

Leading Suppliers vs. All Suppliers....................................................... 2-8

Building a Mystery............................................................................... 2-8

Study Objectives.................................................................................. 2-9

Methodology..................................................................................... 2-10

Definitions.......................................................................................... 2-13

Fluid Types........................................................................................ 2-15

Smart Flowmeters.............................................................................. 2-18

Communication Protocols................................................................... 2-18

Smart Meters and the Turbine Flowmeter Market .............................. 2-23

The Turbine Market is Actually Four Submarkets .............................. 2-23

Geographic Regions .......................................................................... 2-24

End-User Industries........................................................................... 2-33

Turbine Flowmeter Industry Structure................................................. 2-33

Team History and Experience............................................................. 2-34

Flow Research, Inc............................................................................ 2-35

Ducker Research............................................................................... 2-40

Custom Projects................................................................................ 2-40

Three........................ Turbine Flowmeter Product and Technology Analysis.............. 3-1

Overview............................................................................................. 3-1

Paradigm Case Selection Method ........................................................ 3-2

Paradigm Case for Turbine Flowmeters ............................................... 3-3

History of Turbine Flowmeters ............................................................ 3-3

Turbine Flowmeters ............................................................................ 3-5

Turbine Flowmeter Products Section.................................................... 3-8

Accurate Metering Systems................................................................ 3-10

TABLE OF CONTENTS

(continued)

Chapter Description Page Number

3 (continued)

American Meter Company................................................................. 3-12

Badger Meter.................................................................................... 3-15

Barton Instruments............................................................................. 3-17

Blancett............................................................................................. 3-21

Bopp & Reuther................................................................................ 3-24

Bürkert.............................................................................................. 3-26

Dwyer Instruments............................................................................. 3-29

EMCO.............................................................................................. 3-31

Emerson Daniel.................................................................................. 3-33

Erdco................................................................................................ 3-37

Exact Flow........................................................................................ 3-39

Faure Herman.................................................................................... 3-41

Flowmetrics....................................................................................... 3-43

FMC Invalco..................................................................................... 3-45

GF Signet.......................................................................................... 3-49

Global Water..................................................................................... 3-52

Halliburton......................................................................................... 3-54

Hedland............................................................................................. 3-56

Hoffer Flow Controls......................................................................... 3-58

Instromet........................................................................................... 3-63

Kobold.............................................................................................. 3-65

Liquid Controls.................................................................................. 3-67

McCrometer...................................................................................... 3-70

McMillan Company........................................................................... 3-72

Nixon Flowmeters.............................................................................. 3-74

Oval Corporation............................................................................... 3-77

RMG................................................................................................. 3-79

Sika................................................................................................... 3-81

Sparling Instruments........................................................................... 3-84

Thermo Measurement........................................................................ 3-86

Venture Measurement........................................................................ 3-88

TABLE OF CONTENTS

(continued)

Chapter Description Page Number

Four.......................... Turbine Flowmeter Market Size and Forecast.......................... 4-1

Overview ............................................................................................ 4-1

Turbine Flowmeters Remain a Viable Choice for Steady,
Medium to High-Speed Flows.............................................................. 4-2

Growth Factors for the Turbine Flowmeter Market............................... 4-5

Flowmeter Factors............................................................................... 4-5

Turbine Flowmeters are Well-Established ............................................ 4-5

There are Many Turbine Flowmeter Suppliers ...................................... 4-6

Installed Base of Turbine Flowmeters .................................................. 4-7

High Accuracy a Major Factor ............................................................ 4-8

Approval Organizations Specify Turbine Meters .................................. 4-9

The Advent of Foundation Fieldbus and Profibus ................................. 4-9

Macroeconomic Factors ................................................................... 4-11

The Stock Market Disconnects from the US Economy ....................... 4-11

Overview........................................................................................... 4-12

The Origins of the Accounting Scandals.............................................. 4-12

A Disconnect Between the Economy and the Stock Market ............... 4-14

Other Causes of a Down Market........................................................ 4-15

Technology Stocks: A Special Case................................................... 4-16

Impact on the Process Industries........................................................ 4-17

A Return to Basics............................................................................. 4-18

Population Growth............................................................................. 4-18

Standard of Living Increases............................................................... 4-19

The Recovering Asian Economies....................................................... 4-20

New Plant and Building Construction.................................................. 4-20

Oil & Gas Production and Transportation........................................... 4-20

Factors Limiting the Growth of Turbine Flowmeters............................ 4-21

The Inherently Conservative Nature of Users in the
Process Industries.............................................................................. 4-22

TABLE OF CONTENTS

(continued)

Chapter Description Page Number

4 (continued)

Competition from New-Technology Flowmeters ................................ 4-22

Competition from Traditional Technology Meters................................ 4-23

Perception of Turbine Meters as Unreliable ........................................ 4-24

Companies Not Investing in Turbine Meters ....................................... 4-24

Market Size and Growth Forecasts ................................................... 4-25

Shipments of Turbine Flowmeters Worldwide by Region:
Figures 4-1 to 4-5.............................................................................. 4-26

Shipments of Turbine Flowmeters Worldwide by Application:
Figures 4-6 to 4-13............................................................................ 4-26

Average Selling Prices of Turbine Flowmeters:
Figure 4-14 to 4-17........................................................................... 4-26

Shipments of Turbine Meters for Water Applications:
Figures 4-18 to 4-22.......................................................................... 4-27

Shipments of Turbine Flowmeters for Gas Applications:
Figures 4-23 to 4-27.......................................................................... 4-27

Shipments of Turbine Meters for Oil Applications:
Figures 4-28 to 4-32.......................................................................... 4-28

Shipments of Turbine Meters for Industrial Applications:
Figures 4-33 to 4-37.......................................................................... 4-28

Shipments of Turbine Meters by Type:
Figures 4-38 to 4-50.......................................................................... 4-29

Shipments of Turbine Flowmeters by Fluid Type:
Figures 4-51 to 4-57.......................................................................... 4-29

Shipments of Turbine Flowmeters by Mounting Type:
Figures 4-58 to 4-64.......................................................................... 4-29

Five.......................... Turbine Flowmeter Supplier Market Shares............................. 5-1

Overview............................................................................................. 5-1

Market Shares for the Leading Suppliers of Turbine Flowmeters
Worldwide: Figures 5-1 to 5-5............................................................. 5-1

Market Shares for the Leading Suppliers of Turbine Meters for
Water Applications: Figures 5-6 to 5-8................................................. 5-6

Market Shares for the Leading Suppliers of Turbine Meters for Gas Applications: Figures 5-9 to 5-11........................................................................................................ 5-7

Market Shares for the Leading Suppliers of Turbine Meters for Oil Applications: Figures 5-12 to 5-15........................................................................................................ 5-7

Market Shares for the Leading Suppliers of Turbine Meters
for Industrial Applications: Figures 5-16 to 5-18................................... 5-8
TABLE OF CONTENTS

(continued)

Chapter Description Page Number

Six............................ Strategies for Success................................................................. 6-1

Overview............................................................................................. 6-1

Emphasize the Advantages of Turbine Flowmeters ............................... 6-1

Invest in the Water or Gas Utility Measurement Market ....................... 6-2

Look into Offering Smart Turbine Meters ............................................ 6-3

Become a Broad-line Supplier of Flowmeters and
Instrumentation Products...................................................................... 6-4

Offer Turbine Flowmeters Designed for Specific Industries
and Applications.................................................................................. 6-6

Offer a Variety of Models and Types of Turbine Meters....................... 6-7

Form Alliances with Other Companies ................................................. 6-7

Create a Coherent and Understandable Product Naming System .......... 6-8

Build a Useful and Informative Website .............................................. 6-11

Find Ways to Educate Your Customers ............................................. 6-12

Seven....................... Turbine Flowmeter Supplier Profiles.......................................... 7-1

TABLE OF CONTENTS

(continued)

Appendix Description Page Number

Appendix A.............. Worldwide Flowmeter Study: Phase One and Phase Two........ A-1

Appendix B.............. Input Questionnaire.................................................................... B-1

Appendix C.............. Enduser Survey........................................................................... C-1

LIST OF FIGURES

Figure

Number Description Page Number

1-1 Total Shipments of Turbine Flowmeters Worldwide:......................................... 1-24

1-2 Shipments of Turbine Flowmeters by Region.................................................... 1-25

1-3 Shipments of Turbine Flowmeters Worldwide by Application:........................... 1-26

1-4 Market Shares for the Leading Suppliers of Turbine Flowmeters
Worldwide...................................................................................................... 1-27

2-1 New Technology and Traditional Technology Flowmeters................................. 2-41

2-2 Markets Sold into by Turbine Flowmeter Suppliers........................................... 2-42

2-3 Communication Protocols Offered for Smart Flowmeters by Supplier............... 2-43

2-4 Flowmeters Approved by the Fieldbus Foundation........................................... 2-44

3-1 Accurate Metering Systems Flowmeter............................................................ 3-10

3-2 American Meter Flowmeter............................................................................. 3-12

3-3 Badger Meter Turbine Flowmeters................................................................... 3-15

3-4 Barton Instruments Turbine Flowmeters............................................................ 3-17

3-5 Blancett Turbine Flowmeters............................................................................ 3-21

3-6 Bopp & Reuther Turbine Flowmeters............................................................... 3-24

3-7 Dwyer Turbine Flowmeters.............................................................................. 3-29

3-8 Emerson Daniel Turbine Flowmeters................................................................ 3-34

3-9 ERDCO Turbo-Floä Turbine Flowmeters....................................................... 3-37

3-10 Exact Flow Turbine Flowmeters....................................................................... 3-39

3-11 Faure Herman Turbine Flowmeters.................................................................. 3-41

3-12 Flowmetrics Turbine Flowmeters...................................................................... 3-43

3-13 FMC Invalco Turbine Flowmeters.................................................................... 3-46

3-14 GF Signet Turbine Flowmeters......................................................................... 3-49

3-15 Halliburton Turbine Flowmeters........................................................................ 3-54

3-16 Hedland Turbine Flowmeters........................................................................... 3-56

3-17 Hoffer Turbine Flowmeters.............................................................................. 3-58

3-18 Instromet Turbine Flowmeters.......................................................................... 3-63

3-19 Liquid Controls Turbine Flowmeters................................................................. 3-68

3-20 McCrometer Turbine Flowmeters.................................................................... 3-70

3-21 Nixon Flowmeters Turbine Flowmeters............................................................ 3-75

3-22 Oval Corporation Turbine Flowmeters............................................................. 3-77

3-23 RMG Turbine Flowmeters............................................................................... 3-79

3-24 Sika Turbine Flowmeters................................................................................. 3-82

LIST OF FIGURES

(continued)

Figure

Number Description Page Number

3-25 Sparling Instruments Turbine Flowmeters.......................................................... 3-84

3-26 Thermo Measurement Turbine Flowmeters....................................................... 3-86

3-27 Venture Measurement Turbine Flowmeters....................................................... 3-27

4-1 Total Shipments of Turbine Flowmeters Worldwide.......................................... 4-31

4-2 Total Shipments of Turbine Flowmeters Worldwide.......................................... 4-32

4-3 Shipments of Turbine Flowmeters by Region.................................................... 4-33

4-4 Shipments of Turbine Flowmeters by Region.................................................... 4-34

4-5 Shipments of Turbine Flowmeters by Region.................................................... 4-35

4-6 Shipments of Turbine Flowmeters Worldwide by Application............................ 4-36

4-7 Shipments of Turbine Flowmeters Worldwide by Application............................ 4-37

4-8 Shipments of Turbine Flowmeters Worldwide by Type..................................... 4-38

4-9 Shipments of Turbine Flowmeters by Application in North America.................. 4-39

4-10 Shipments of Turbine Flowmeters by Application in Europe.............................. 4-40

4-11 Shipments of Turbine Flowmeters by Application in Japan................................ 4-41

4-12 Shipments of Turbine Flowmeters by Application in Asia w/o Japan.................. 4-42

4-13 Shipments of Turbine Flowmeters by Application in Rest of World.................... 4-43

4-14 Average Selling Price of Turbine Flowmeters by Region.................................... 4-44

4-15 Average Selling Price of Turbine Flowmeters by Fluid Type
Worldwide and North America........................................................................ 4-45

4-16 Average Selling Price of Turbine Flowmeters by Fluid Type
Europe and Japan............................................................................................ 4-46

4-17 Average Selling Price of Turbine Flowmeters by Fluid Type
Asia w/o Japan and Rest of World................................................................... 4-47

4-18 Shipments of Turbine Flowmeters for Water Applications Worldwide............... 4-48

4-19 Shipments of Turbine Flowmeters for Water Applications Worldwide............... 4-49

4-20 Shipments of Turbine Flowmeters for Water Applications Worldwide............... 4-50

4-21 Shipments of Turbine Flowmeters for Water Applications Worldwide............... 4-51

4-22 Shipments of Turbine Flowmeters for Water Applications Worldwide............... 4-52

4-23 Shipments of Turbine Flowmeters for Gas Applications Worldwide................... 4-53

4-24 Shipments of Turbine Flowmeters for Gas Applications Worldwide................... 4-54

4-25 Shipments of Turbine Flowmeters for Gas Applications Worldwide................... 4-55

4-26 Shipments of Turbine Flowmeters for Gas Applications Worldwide................... 4-56

4-27 Shipments of Turbine Flowmeters for Gas Applications Worldwide................... 4-57

4-28 Shipments of Turbine Flowmeters for Oil Applications Worldwide.................... 4-58

4-29 Shipments of Turbine Flowmeters for Oil Applications Worldwide.................... 4-59

LIST OF FIGURES

(continued)

Figure

Number Description Page Number

4-30 Shipments of Turbine Flowmeters for Oil Applications Worldwide.................... 4-60

4-31 Shipments of Turbine Flowmeters for Oil Applications Worldwide.................... 4-61

4-32 Shipments of Turbine Flowmeters for Oil Applications Worldwide.................... 4-62

4-33 Shipments of Turbine Flowmeters for Industrial Applications Worldwide........... 4-63

4-34 Shipments of Turbine Flowmeters for Industrial Applications Worldwide........... 4-64

4-35 Shipments of Turbine Flowmeters for Industrial Applications Worldwide........... 4-65

4-36 Shipments of Turbine Flowmeters for Industrial Applications Worldwide........... 4-66

4-37 Shipments of Turbine Flowmeters for Industrial Applications Worldwide........... 4-67

4-38 Shipments of Turbine Flowmeters Worldwide by Type..................................... 4-68

4-39 Shipments of Turbine Flowmeters Worldwide by Type..................................... 4-69

4-40 Shipments of Turbine Flowmeters Worldwide by Type..................................... 4-70

4-41 Shipments of Turbine Flowmeters in North America by Type............................ 4-71

4-42 Shipments of Turbine Flowmeters in North America by Type............................ 4-72

4-43 Shipments of Turbine Flowmeters in Europe by Type........................................ 4-73

4-44 Shipments of Turbine Flowmeters in Europe by Type........................................ 4-74

4-45 Shipments of Turbine Flowmeters in Japan by Type.......................................... 4-75

4-46 Shipments of Turbine Flowmeters in Japan by Type.......................................... 4-76

4-47 Shipments of Turbine Flowmeters in Asia w/o Japan by Type........................... 4-77

4-48 Shipments of Turbine Flowmeters in Asia w/o Japan by Type........................... 4-78

4-49 Shipments of Turbine Flowmeters in Rest of World by Type............................. 4-79

4-50 Shipments of Turbine Flowmeters in Rest of World by Type............................. 4-80

4-51 Shipments of Turbine Flowmeters Worldwide by Fluid Type............................. 4-81

4-52 Shipments of Turbine Flowmeters Worldwide by Fluid Type............................. 4-82

4-53 Shipments of Turbine Flowmeters in North America by Fluid Type................... 4-83

4-54 Shipments of Turbine Flowmeters in Europe by Fluid Type............................... 4-84

4-55 Shipments of Turbine Flowmeters in Japan by Fluid Type................................. 4-85

4-56 Shipments of Turbine Flowmeters in Asia w/o Japan by Fluid Type................... 4-86

4-57 Shipments of Turbine Flowmeters in Rest of World by Fluid Type..................... 4-87

4-58 Shipments of Turbine Flowmeters Worldwide by Mounting Type...................... 4-88

4-59 Shipments of Turbine Flowmeters Worldwide by Mounting Type...................... 4-89

4-60 Shipments of Turbine Flowmeters in North America by Mounting Type............. 4-90

4-61 Shipments of Turbine Flowmeters in Europe by Mounting Type........................ 4-91

4-62 Shipments of Turbine Flowmeters in Japan by Mounting Type........................... 4-92

4-63 Shipments of Turbine Flowmeters in Asia w/o Japan by Mounting Type............ 4-93

4-64 Shipments of Turbine Flowmeters in Rest of World by Mounting Type.............. 4-94

LIST OF FIGURES

(continued)

Figure

Number Description Page Number

5-1 Market Shares for the Leading Suppliers of Turbine Flowmeters
Worldwide...................................................................................................... 5-10

5-2 Market Shares for the Leading Suppliers of Turbine Flowmeters
in North America............................................................................................. 5-11

5-3 Market Shares for Leading Suppliers of Turbine Flowmeters in Europe............. 5-12

5-4 Market Shares for Leading Suppliers of Turbine Flowmeters in Asia
without Japan................................................................................................... 5-13

5-5 Market Shares for the Leading Suppliers Turbine Flowmeters in
Rest of World.................................................................................................. 5-14

5-6 Market Shares for Leading Suppliers of Turbine Flowmeters for
Water Applications Worldwide........................................................................ 5-15

5-7 Market Shares for Leading Suppliers of Turbine Flowmeters for
Water Applications in North America............................................................... 5-16

5-8 Market Shares for Leading Suppliers of Turbine Flowmeters for
Water Applications in Europe........................................................................... 5-17

5-9 Market Shares for Leading Suppliers of Turbine Flowmeters for
Gas Applications Worldwide............................................................................ 5-18

5-10 Market Shares for Leading Suppliers of Turbine Flowmeters for
Gas Applications in North America.................................................................. 5-19

5-11 Market Shares for Leading Suppliers of Turbine Flowmeters for
Gas Applications in Europe.............................................................................. 5-20

5-12 Market Shares for Leading Suppliers of Turbine Flowmeters for
Oil Applications Worldwide............................................................................. 5-21

5-13 Market Shares for Leading Suppliers of Turbine Flowmeters for
Oil Applications in North America.................................................................... 5-22

5-14 Market Shares for Leading Suppliers of Turbine Flowmeters for
Oil Applications in Europe................................................................................ 5-23

5-15 Market Shares for Leading Suppliers of Turbine Flowmeters for
Oil Applications in Asia w/o Japan................................................................... 5-24

5-16 Market Shares for Leading Suppliers of Turbine Flowmeters for
Industrial Liquid Applications Worldwide ........................................................ 5-25

5-17 Market Shares for Leading Suppliers of Turbine Flowmeters for
Industrial Liquid Applications in North America................................................ 5-26

5-18 Market Shares for Leading Suppliers of Turbine Flowmeters for
Industrial Liquid Applications in Europe............................................................ 5-27

LIST OF FIGURES

(continued)

Figure

Number Description Page Number

5-19 Market Shares for Leading Suppliers of Bent Tube Coriolis Flowmeters
in North America............................................................................................. 5-32

5-20 Market Shares for Leading Suppliers of Bent Tube Coriolis Flowmeters
in Europe......................................................................................................... 5-33

5-21 Market Shares for the Leading Suppliers of Bent Tube Coriolis
Flowmeters in Japan........................................................................................ 5-34

5-22 Market Shares for the Leading Suppliers of Bent Tube Coriolis
Flowmeters in Asia without Japan..................................................................... 5-35

5-23 Market Shares for the Leading Suppliers of Bent Tube Coriolis
Flowmeters in Rest of World............................................................................ 5-36

5-24 Market Shares for the Leading Suppliers of Straight Tube Coriolis
Flowmeters Worldwide.................................................................................... 5-37

5-25 Market Shares for the Leading Suppliers of Straight Tube Coriolis
Flowmeters in North America.......................................................................... 5-38

5-26 Market Shares for the Leading Suppliers of Straight Tube Coriolis
Flowmeters in Europe...................................................................................... 5-39

5-27 Market Shares for the Leading Suppliers of Straight Tube Coriolis
Flowmeters in Japan........................................................................................ 5-40

5-28 Market Shares for the Leading Suppliers Straight Tube Coriolis
Flowmeters in Asia without Japan..................................................................... 5-41

5-29 Market Shares for the Leading Suppliers of Straight Tube Coriolis
Flowmeters in Rest of World............................................................................ 5-42

5-30 Market Shares for the Leading Suppliers of Coriolis Flowmeters for
Liquid Applications Worldwide........................................................................ 5-43

5-31 Market Shares for the Leading Suppliers of Coriolis Flowmeters for
Liquid Applications in North America............................................................... 5-44

5-32 Market Shares for the Leading Suppliers of Coriolis Flowmeters for
Liquid Applications in Europe........................................................................... 5-45

5-33 Market Shares for the Leading Suppliers of Coriolis Flowmeters for
Liquid Applications in Japan............................................................................. 5-46

5-34 Market Shares for the Leading Suppliers of Coriolis Flowmeters for
Liquid Applications in Asia without Japan......................................................... 5-47

5-35 Market Shares for the Leading Suppliers of Coriolis Flowmeters for
Liquid Applications in Rest of World................................................................ 5-48

5-36 Market Shares for the Leading Suppliers Coriolis Flowmeters for Gas
Applications Worldwide................................................................................... 5-49

LIST OF FIGURES

(continued)

Figure

Number Description Page Number

5-37 Market Shares for the Leading Suppliers Coriolis Flowmeters for Gas
Applications in North America......................................................................... 5-50

5-38 Market Shares for the Leading Suppliers Coriolis Flowmeters for Gas
Applications in Europe..................................................................................... 5-51

5-39 Market Shares for the Leading Suppliers Coriolis Flowmeters for Gas
Applications in Japan....................................................................................... 5-52

5-40 Market Shares for the Leading Suppliers Coriolis Flowmeters for Gas
Applications in Asia without Japan.................................................................... 5-53

5-41 Market Shares for the Leading Suppliers Coriolis Flowmeters for Gas
Applications in Rest of World........................................................................... 5-54

5-42 Market Shares for the Leading Suppliers of Coriolis Flowmeters to
the Oil & Gas Industry Worldwide................................................................... 5-55

5-43 Market Shares for the Leading Suppliers of Coriolis Flowmeters to
the Refining Industry Worldwide....................................................................... 5-56

5-44 Market Shares for the Leading Suppliers of Coriolis Flowmeters to
the Chemical Industry Worldwide..................................................................... 5-57

5-45 Market Shares for the Leading Suppliers of Coriolis Flowmeters to
the Food & Beverage Industry Worldwide....................................................... 5-58

5-46 Market Shares for the Leading Suppliers of Coriolis Flowmeters to
the Pharmaceutical Industry Worldwide............................................................ 5-59

5-47 Market Shares for the Leading Suppliers of Coriolis Flowmeters to
the Pulp and Paper Industry Worldwide........................................................... 5-60

5-48 Market Shares for the Leading Suppliers of Coriolis Flowmeters to
the Power Industry Worldwide......................................................................... 5-61

5-49 Market Shares for the Leading Suppliers of Coriolis Flowmeters to
Other Industries Worldwide............................................................................. 5-62

6-1 Offer Many Turbine Flowmeter Technologies................................................... 6-14

6-2 Offer Many Different Types of Turbine Flowmeters.......................................... 6-16

LIST OF TABLES

Table

Number Description Page Number

3-1 Accurate Metering Systems Turbine Flowmeters......................................... 3-11

3-2 American Meters Turbine Flowmeters........................................................ 3-13

3-3 Badger Meter Turbine Flowmeters............................................................. 3-16

3-4 Barton Instruments Turbine Flowmeters...................................................... 3-18

3-5 Blancett Turbine Flowmeters...................................................................... 3-22

3-6 Bopp & Reuther Turbine Flowmeters......................................................... 3-25

3-7 Bürkert Turbine Flowmeters....................................................................... 3-27

3-8 Dwyer Turine Flowmeters.......................................................................... 3-30

3-9 EMCO Turbine Flowmeters....................................................................... 3-32

3-10 Emerson Daniel Turbine Flowmeters........................................................... 3-35

3-11 ERDCO Turbo-FloÔ Turbine Flowmeters (1)........................................... 3-38

3-12 Exact Flow Turbine Flowmeters................................................................. 3-40

3-13 Application Summary: Faure Herman Turbine Flowmeters.......................... 3-42

3-14 Flowmetrics Turbine Flowmeters................................................................ 3-44

3-15 FMC Invalco Turbine Flowmeters.............................................................. 3-47

3-16 GF Signet Turbine Flowmeters................................................................... 3-50

3-17 Global Water Turbine Flowmeters (1)......................................................... 3-53

3-18 Halliburton Turbine Flowmeters.................................................................. 3-55

3-19 Hedland Turbine Flowmeters...................................................................... 3-57

3-20 Hoffer Turbine Flowmeters......................................................................... 3-59

3-21 Instromet Turbine Flowmeters.................................................................... 3-64

3-22 Kobold Turbine Flowmeters....................................................................... 3-66

3-23 Liquid Controls Turbine Flowmeters........................................................... 3-69

3-24 McCrometer Turbine Flowmeters............................................................... 3-71

3-25 McMillan Turbine Flometers....................................................................... 3-73

3-26 Nixon Flowmeters...................................................................................... 3-76

3-27 Oval Corporation Turbine Flowmeters........................................................ 3-78

3-28 RMG Turbine Flowmeters.......................................................................... 3-80

3-29 Sika Turbine Flowmeters............................................................................ 3-83

3-30 Sparling Instruments Turbine Flowmeters.................................................... 3-85

3-31 Thermo Measurement Turbine Flowmeters................................................. 3-87

3-32 Venture Measurement Turbine Flowmeters................................................. 3-90

4-1 US GDP Growth by Quarter...................................................................... 4-20

LIST OF PHOTOS

Photo

Number Description Page Number

2-1 World Map................................................................................................ 2-26

2-2 World Map by Region............................................................................... 2-27

2-3 Map of Asia............................................................................................... 2-27

2-4 Map of Europe.......................................................................................... 2-28

2-5 Map of the Russian Federation................................................................... 2-28

2-6 Map of China............................................................................................. 2-29

2-7 Map of Japan............................................................................................. 2-29

2-8 Map of Africa............................................................................................ 2-30

2-9 Map of Middle East................................................................................... 2-31

2-10 Map of Canada.......................................................................................... 2-31

2-11 Map of the United States............................................................................ 2-32

3-1 HM Series................................................................................................. 3-10

3-2 GTS Series................................................................................................ 3-12

3-3 Recordall Turbo Series - Industrial.............................................................. 3-15

3-4 Recordall Turbo Series - Commercial......................................................... 3-15

3-5 Series 7400................................................................................................ 3-17

3-6 Series 8600................................................................................................ 3-17

3-7 Mechanical................................................................................................. 3-21

3-8 1100 Model............................................................................................... 3-21

3-9 Model RQ UST......................................................................................... 3-24

3-10 TF Series................................................................................................... 3-29

3-11 Gas............................................................................................................ 3-34

3-12 Liquid........................................................................................................ 3-34

3-13 Series 20.................................................................................................... 3-37

3-14 Series 22.................................................................................................... 3-37

3-15 Series 25.................................................................................................... 3-37

3-16 Single Rotor............................................................................................... 3-39

3-17 Dual Rotor................................................................................................. 3-39

3-18 TLM.......................................................................................................... 3-41

3-19 Heliflu TZN................................................................................................ 3-41

3-20 FM Series.................................................................................................. 3-43

3-21 FMT Series................................................................................................ 3-43

3-22 GT Gas Series............................................................................................ 3-46

3-23 W Liquid Series......................................................................................... 3-46

3-24 2100 Turbine............................................................................................. 3-49

3-25 Gas Turbine............................................................................................... 3-54

3-26 Turbine...................................................................................................... 3-56

LIST OF PHOTOS

Photo

Number Description Page Number

3-27 HO & API Series....................................................................................... 3-58

3-28 Low Flo..................................................................................................... 3-58

3-29 Type Q...................................................................................................... 3-63

3-30 SM-RI-X................................................................................................... 3-63

3-31 LC Turbine................................................................................................ 3-68

3-32 McPropeller............................................................................................... 3-70

3-33 Nixon Flowmeters Turbine Flowmeters....................................................... 3-75

3-34 ME Meter.................................................................................................. 3-77

3-35 X Turbine................................................................................................... 3-77

3-36 TRZ03....................................................................................................... 3-79

3-37 VR10......................................................................................................... 3-82

3-38 VR1........................................................................................................... 3-82

3-39 Mainline Propeller Meters........................................................................... 3-84

3-40 Series 5000................................................................................................ 3-86

3-41 Series 6500................................................................................................ 3-86

3-42 Series 6600................................................................................................ 3-86

3-43 Niagara MTX............................................................................................ 3-89

3-44 Niagara MTX............................................................................................ 3-89