THE WORLD
MARKET FOR FLOWMETERS
Researched by:
Flow Research,
Inc. 27 Water Street Wakefield, MA
01880 781-245-3200 www.flowresearch.com Project team: Jesse Yoder PhD., 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 Josiah Waxman,
Lorena Ferrari
Published by
Ducker Research Company, Inc.
A Division of Ducker Worldwide
February,
2003
TABLE OF CONTENTS
Chapter Description Page
Number
One........................... Executive Summary..................................................................... 1-1
Overview............................................................................................. 1-1
A Complete Analysis of the Flowmeter Market..................................... 1-2
Study Objectives.................................................................................. 1-4
Methodology....................................................................................... 1-4
Definitions............................................................................................ 1-4
Background......................................................................................... 1-5
Getting a Look from 20,000 Feet......................................................... 1-6
New-Technology Flowmeters.............................................................. 1-7
For Multiple Reasons, More Users are Selecting New-Technology
Flowmeters.......................................................................................... 1-9
Two .................................. Introduction and Methodology................................................... 2-1
Overview............................................................................................. 2-1
A Complete Analysis of the Flowmeter Market..................................... 2-2
The Role of Viewpoint Pluralism........................................................... 2-4
The Importance of Cross-Technology Research.................................... 2-5
Leading Suppliers vs. All Suppliers....................................................... 2-7
Study Objectives.................................................................................. 2-8
Methodology....................................................................................... 2-9
Supplier Input...................................................................................... 2-9
Supplier Analysis.................................................................................. 2-9
OEM and End-User Analysis............................................................. 2-11
Forecasts........................................................................................... 2-11
Definitions.......................................................................................... 2-12
Smart Flowmeters.............................................................................. 2-13
Geographic Regions........................................................................... 2-18
Flowmeter Industry Structure............................................................. 2-27
Team History and Experience............................................................. 2-27
Flow Research................................................................................... 2-28
Ducker Research............................................................................... 2-33
Custom Projects................................................................................ 2-34
Acknowledgement............................................................................. 2-34
TABLE OF CONTENTS
(continued)
Chapter Description Page
Number
Three........................ Worldwide Flowmeter Market.................................................... 3-1
A Fact-Finding Trip............................................................................. 3-1
The Idea of an All-Technology Flow Study Emerges............................. 3-2
From New-Tech to Traditional Tech.................................................... 3-2
Getting a Look from 20,000 Feet......................................................... 3-3
A New All-Technology Flow Study...................................................... 3-4
Four.......................... New-Technology Flowmeter Product and Technology Analysis 4-1
Overview............................................................................................. 4-1
New-Technology Flowmeters.............................................................. 4-2
Coriolis Flowmeters............................................................................. 4-3
Magnetic Flowmeters........................................................................... 4-5
Ultrasonic Flowmeters.......................................................................... 4-5
Vortex Flowmeters.............................................................................. 4-7
Market Size and Forecasts................................................................. 4-15
For Multiple Reasons, More users are Selecting New-Technology
Flowmeters.......................................................................................... 4-7
Five.......................... Coriolis Flowmeter...................................................................... 5-1
Why Measure Mass Flow?.................................................................. 5-2
How Mass is Measured....................................................................... 5-2
Operating Principle: The Twist............................................................. 5-4
Paradigm Case Applications................................................................. 5-4
Accuracy the Main Advantage.............................................................. 5-5
Bent Tube vs. Straight Tube................................................................. 5-6
A Look Ahead..................................................................................... 5-7
Definitions............................................................................................ 5-7
Flowtube Tyhpe................................................................................... 5-8
Fluid Types.......................................................................................... 5-8
TABLE OF CONTENTS
(continued)
Chapter Description Page
Number
5
(continued)
Coriolis Flowmeter Product Analysis.................................................... 5-9
ABB.................................................................................................. 5-10
Danfoss............................................................................................. 5-10
Emerson Brooks................................................................................ 5-10
Endress+Hauser................................................................................. 5-11
FMC Energy Systems........................................................................ 5-11
Foxboro............................................................................................ 5-12
Krohne.............................................................................................. 5-13
Micro Motion.................................................................................... 5-13
Oval.................................................................................................. 5-15
Rheonik............................................................................................. 5-15
Schlumberger..................................................................................... 5-16
Yokogawa......................................................................................... 5-16
Market Size and Forecast.................................................................. 5-17
Overview........................................................................................... 5-17
Growth Factors for the Coriolis Flowmeter Marekt............................. 5-19
Six............................ Magnetic Flowmeters.................................................................. 6-1
Definitions............................................................................................ 6-1
Mounting Types................................................................................... 6-3
Coil Excitation Types........................................................................... 6-3
Packaging............................................................................................ 6-4
Wiring.................................................................................................. 6-5
Magnetic Flowmeter product Analysis.................................................. 6-6
ABB.................................................................................................... 6-6
Accurate metering Systems................................................................... 6-6
Advanced Flow Technology................................................................. 6-6
Badger Meter...................................................................................... 6-7
Brunata................................................................................................ 6-7
Danfoss............................................................................................... 6-8
Emerson Rosemount............................................................................ 6-9
Endress+Hauser................................................................................... 6-9
TABLE OF CONTENTS
(continued)
Chapter Description Page
Number
6
continued)
Euromag............................................................................................ 6-10
Foxboro............................................................................................ 6-11
ISCO................................................................................................ 6-11
Isoil................................................................................................... 6-11
Krohne.............................................................................................. 6-12
McCrometer...................................................................................... 6-12
Oval1................................................................................................ 6-12
Siemens............................................................................................. 6-12
Sparling Instruments........................................................................... 6-13
Toshiba.............................................................................................. 6-14
Yamatake.......................................................................................... 6-15
Uokogawa......................................................................................... 6-15
Market Size and Forecast.................................................................. 6-16
Overview........................................................................................... 6-16
Growth Factors for the Magnetic Flowmeter Market.......................... 6-18
Market Shares................................................................................... 6-26
Seven....................... Ultrasonic Flowmeters................................................................. 7-1
History................................................................................................. 7-1
Use for Custody transfer of Natural Gas............................................... 7-2
Suppliers Continue to Enter the Market................................................ 7-3
Advantages of Ultrasonic Flowmeters................................................... 7-3
Definitions............................................................................................ 7-5
Ultrasonic Flowmeter Product Analysis................................................. 7-7
American Sigma................................................................................... 7-7
Caldon................................................................................................. 7-7
Controlotron........................................................................................ 7-8
Danfoss............................................................................................... 7-8
D-Flow................................................................................................ 7-9
Eastech Badger.................................................................................. 7-10
Elis Plzen........................................................................................... 7-10
Emerson Daniel.................................................................................. 7-11
GE Panametrics................................................................................. 7-11
TABLE OF CONTENTS
(continued)
Chapter Description Page
Number
7
continued)
Instromet........................................................................................... 7-12
Krohne.............................................................................................. 7-13
Siemens............................................................................................. 7-14
Thermo Polysonics............................................................................. 7-16
Tokimec............................................................................................ 7-17
Ultraflux............................................................................................. 7-17
Market Size and Segmentation........................................................... 7-18
Overview........................................................................................... 7-18
Growth Factors for the Ultrasonic Flowmeter Market......................... 7-18
Market Shares................................................................................... 7-25
Eight......................... Vortex Flowmeters...................................................................... 8-1
Paradigm Case Applications................................................................. 8-1
Comparison to Other Flowmeters......................................................... 8-2
Factors Limiting Growth....................................................................... 8-3
Growth Factors for Vortex Flowmeters................................................ 8-4
New Trends......................................................................................... 8-5
A Look Ahead..................................................................................... 8-6
Definitions............................................................................................ 8-8
Mounting Type..................................................................................... 8-8
Fluid Types.......................................................................................... 8-9
Vortex Flowmeter Product Analysis................................................... 8-10
ABB.................................................................................................. 8-10
EMCO.............................................................................................. 8-10
Emerson Rosemount.......................................................................... 8-11
Endress+Hauser................................................................................. 8-11
Foxboro............................................................................................ 8-12
J-Tec................................................................................................. 8-12
Krohne.............................................................................................. 8-13
Oval.................................................................................................. 8-13
Sierra Instruments.............................................................................. 8-14
Tokyo Keiso...................................................................................... 8-14
Yokogawa......................................................................................... 8-15
Growth Factors for the Vortex Flowmeter Market.............................. 8-16
Market Shares................................................................................... 8-23
TABLE OF CONTENTS
(continued)
Chapter Description Page
Number
Nine.......................... Traditional Technology Flowmeters........................................... 9-1
Familiarity Breeds Respect................................................................... 9-1
Switching Technologies Has a Cost...................................................... 9-3
Differential Pressure............................................................................. 9-4
Positive Displacement........................................................................... 9-4
Turbine................................................................................................ 9-5
Open Channel...................................................................................... 9-5
Thermal............................................................................................... 9-5
Variable Area...................................................................................... 9-6
Recent Developments........................................................................... 9-6
Selecting a Flowmeter........................................................................ 9-10
Differential Pressure........................................................................... 9-12
Installed Base..................................................................................... 9-13
Why Use DPFlowmeters?.................................................................. 9-14
What Meters are Replacing DP?........................................................ 9-14
What Percent of Users are Switching Technologies?........................... 9-14
Why Users are Switching to New-Technology Flowmeters................. 9-15
Why Some Users will Stick with DP Flowmeters................................ 9-16
Many Users are Reluctant to Switch Technologies.............................. 9-16
Installed Base of DP Flowmeters........................................................ 9-17
Technologies Turn Old into New........................................................ 9-17
New Product Developments............................................................... 9-18
What Lies Ahead for Differential Pressure........................................... 9-19
Definitions.......................................................................................... 9-19
DP Transmitters................................................................................. 9-20
Market Size and Forecast.................................................................. 9-20
Ten........................... Positive Displacement Flowmeters........................................... 10-1
PD Technologies................................................................................ 10-1
Applications for PD Meters................................................................ 10-1
Residential Use.................................................................................. 10-2
Commercial Use................................................................................ 10-2
Submetering....................................................................................... 10-2
Industrial Use..................................................................................... 10-3
Gas.................................................................................................... 10-3
Oil..................................................................................................... 10-3