THE WORLD MARKET FOR

VORTEX 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

 

 

 

March 2003

 

 

 


TABLE OF CONTENTS

 

Chapter Description Page Number

 

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

Vortex Flowmeters Provide Accurate and Reliable Flow

Measurement....................................................................................... 1-1

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

A Complete Analysis of the Flowmeter Market..................................... 1-5

Study Objectives.................................................................................. 1-5

Methodology....................................................................................... 1-6

Supplier Input...................................................................................... 1-6

Supplier Analysis.................................................................................. 1-6

OEM and End-User Analysis............................................................... 1-8

Forecasts............................................................................................. 1-9

Definitions............................................................................................ 1-9

Paradigm Case Selection Method....................................................... 1-11

Growth Factors for the Vortex Flowmeter Market.............................. 1-13

Shipments of Vortex Flowmeters Worldwide by Region...................... 1-14

Shipments of Vortex Flowmeters Worldwide by Type........................ 1-14

Market Shares for Vortex Flowmeters by Geographic Region............. 1-15

Overview of Strategies....................................................................... 1-16

Vortex Meters: A Reliable and Versatile Meter at an Economical
Price.................................................................................................. 1-16

Consider Multivariable Vortex Flowmeters......................................... 1-17

Offer Vortex Flowmeters Designed for Specific Industries
and Applications................................................................................ 1-18

 

 


TABLE OF CONTENTS

(continued)

 

Chapter Description Page Number

 

Two........................... Introduction and Methodology................................................... 2-1

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

A Complete Analysis of the Flowmeter Market..................................... 2-2

The Role of Viewpoint Pluralism........................................................... 2-3

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.............................................................................. 2-14

Communication Protocols................................................................... 2-15

Geographic Regions........................................................................... 2-19

End-User Industries........................................................................... 2-21

Vortex Flowmeter Industry Structure.................................................. 2-21

Team History and Experience............................................................. 2-21

Flow Research................................................................................... 2-22

Ducker Research............................................................................... 2-27

Custom Projects................................................................................ 2-28

Acknowledgement............................................................................. 2-28

 

 

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

New Technology Flowmeters............................................................... 3-2

Coriolis Flowmeters............................................................................. 3-3

Magnetic Flowmeters........................................................................... 3-5

Ultrasonic Flowmeters.......................................................................... 3-6

Vortex Flowmeters.............................................................................. 3-7

Paradigm Case Selection Method....................................................... 3-12

Vortex Flowmeter Product Analysis................................................... 3-15

ABB.................................................................................................. 3-16

Asahi America................................................................................... 3-18

TABLE OF CONTENTS

(continued)

 

Chapter Description Page Number

3 (continued)

 

EMCO.............................................................................................. 3-19

Emerson Rosemount ......................................................................... 2-21

Endress & Hauser.............................................................................. 3-22

Foxboro............................................................................................ 3-24

Hangzhu Zhenhua Meter Company..................................................... 3-25

J-Tec................................................................................................. 3-26

Krohne.............................................................................................. 3-28

Oval.................................................................................................. 3-29

Sierra Instruments.............................................................................. 3-31

Tokyo Keiso...................................................................................... 3-32

Yokogawa......................................................................................... 3-34

 

 

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

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

Vortex Flowmeter Revenues Remain Flat Between 2000 and 2002....... 4-2

Vortex Flowmeters Provide Accurate and Reliable Flow

Measurement....................................................................................... 4-3

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

Flowmeter Factors............................................................................... 4-6

Vortex Flowmeters Offer a Reliable and Accurate Measurement

At a Competitive Price......................................................................... 4-6

Vortex Flowmeters are the Lowest Cost New Technology Meter......... 4-7

Vortex Flowmeters are Widely Used for Steam Applications................ 4-7

District Heating Applications Use Vortex Flowmeters........................... 4-8

More Suppliers Now in the Market...................................................... 4-8

Multivariable Vortex Flowmeters Now Available.................................. 4-9

Technological Improvements in Vortex Flowmeters............................. 4-10

Users are Moving Towards New Technology Meters......................... 4-10

Users are Looking for Low Maintenance............................................ 4-11

Custody Transfer of Natural Gas a Potential Market for Vortex

Meters............................................................................................... 4-12

The Advent of Foundation Fieldbus and Profibus................................ 4-13

Increased Use of HART..................................................................... 4-17

Factors Limiting the Growth of Vortex Flowmeters............................. 4-18

 

TABLE OF CONTENTS

(continued)

 

Chapter Description Page Number

4 (continued)

 

The Inherently Conservative Nature of Users in the Process

Industries........................................................................................... 4-18

Measuring Low Flowrates.................................................................. 4-19

Competition From Other New Technology Flowmeters...................... 4-19

Market Size and Growth Forecasts.................................................... 4-20

Shipments of Vortex Flowmeters Worldwide by Region:
Figures 4-1 to 4-5.............................................................................. 4-21

Shipments of Vortex Flowmeters Worldwide by Type:
Figures 4-6 to 4-13............................................................................ 4-21

Average Selling Prices of Vortex Flowmeters:
Figures 4-14 to 4-16.......................................................................... 4-22

Shipments of Multivariable Vortex Flowmeters Worldwide
and by Region: Figures 4-17 to 4-21.................................................. 4-23

Shipments of Single-Variable Smart Vortex Flowmeters
Worldwide and by Region: Figures 4-22 to 4-26................................ 4-23

Shipments of Conventional Vortex Flowmeters Worldwide and
by Region: Figure 4-26 to 4-31.......................................................... 4-24

Shipments of Vortex Flowmeters by Fluid Type Worldwide and
by Region: Figures 4-32 to 4-38......................................................... 4-24

Shipments of Multivariable & Smart Vortex Flowmeters by
Communication Protocol: Figures 4-39 to 4-45.................................. 4-26

Shipments of Vortex Flowmeters Worldwide by Industry:
Figures 4-46 to 4-51.......................................................................... 4-27

Shipments of Vortex Flowmeters Worldwide by Distribution
Channels: Figures 4-52 to 4-54.......................................................... 4-28

Shipments of Vortex Flowmeters Worldwide and by Region
by Customer Type: Figures 4-55 to 4-57............................................ 4-29

 


TABLE OF CONTENTS

(continued)

 

Chapter Description Page Number

 

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

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

Market Shares for Vortex Flowmeters by Geographic Region:
Figures 5-1 to 5-6................................................................................ 5-1

Market Shares for Multivariable Vortex Flowmeters Worldwide:
Figure 5-7.......................................................................................... 5-11

Market Shares for Smart Vortex Flowmeters Worldwide:
Figure 5-8.......................................................................................... 5-11

Market Shares for Conventional Vortex Flowmeters Worldwide:
Figure 5-9.......................................................................................... 5-12

Market Shares for Vortex Flowmeters for Liquid Applications:
Figures 5-10 to 5-15.......................................................................... 5-12

Market Shares for Vortex Flowmeters for Steam Applications:
Figure 5-16........................................................................................ 5-13

Market Shares for Vortex Flowmeters for Gas Applications:
Figure 5-17........................................................................................ 5-14

 

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

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

Vortex Meters: A Reliable and Versatile Meter at an

Economical Price................................................................................. 6-1

Tap Into the Fast-Growing Market for Gas Applications....................... 6-3

Pursue the Market for Steam Applications............................................ 6-3

Become a Broad-Line Supplier............................................................ 6-5

Offer a Variety of Models, Including Wafer, Flanged and

Insertion............................................................................................... 6-6

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

Emphasize the Advantages of Vortex Flowmeters................................. 6-8

Create a Coherent and Understandable Product Naming System........... 6-9

Build a Great Website........................................................................ 6-12

Educate Your Customers about Vortex Technology............................ 6-13

Invest in Smart Flowmeters, and in Communication Protocols............. 6-14


TABLE OF CONTENTS

(continued)

 

Chapter Description Page Number

 

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

ABB Automation................................................................................. 7-3

Asahi America, Inc............................................................................... 7-8

Eastech Flow Controls....................................................................... 7-10

EMCO.............................................................................................. 7-12

Emerson Rosemount, Inc.................................................................... 7-14

Endress & Hauser AG....................................................................... 7-22

Hangzhu Zhenhua Meter Factory........................................................ 7-26

Invensys Group Headquarters............................................................ 7-27

Foxboro............................................................................................ 7-27

Invensys Energy Metering (Invensys Metering Systems)...................... 7-30

J-Tec Associates................................................................................ 7-35

Krohne Messtechnik GmbH & Co. KG............................................. 7-37

Oval Corporation............................................................................... 7-41

Sierra Instruments, Inc........................................................................ 7-45

Tokyo Keiso Company, Ltd............................................................... 7-47

Yokogawa Electric Company............................................................. 7-49


LIST OF FIGURES

 

Figure

Number Description Page Number

 

1-1                   Total Shipments of Vortex Flowmeters Worldwide........................................... 1-19

1-2                   Total Shipments of Vortex Flowmeters Worldwide........................................... 1-20

1-3                   Shipments of Vortex Flowmeters by Region..................................................... 1-21

1-4                   Shipments of Vortex Flowmeters by Type........................................................ 1-22

1-5                   Market Shares for the Leading Suppliers of Vortex Flowmeters

Worldwide...................................................................................................... 1-23

 

 

2-1 New Technology and Traditional Flowmeters................................................... 2-29

2-2 Flowmeters Offered by Vortex Flowmeter Suppliers........................................ 2-30

2-3 Models and Types of Vortex Flowmeters by Supplier....................................... 2-31

2-4                    Communication Protocols Offered by Smart Vortex Flowmeter
Suppliers......................................................................................................... 2-32

2-5                    Flowmeters Approved by the Fieldbus Foundation........................................... 2-33

 

 

3-1                    ABB Vortex Flowmeters................................................................................. 3-17

3-2                    Asahi America Vortex Flowmeters................................................................... 3-18

3-3                    EMCO Vortex Flowmeters.............................................................................. 3-20

3-4                    Emerson Rosemount Vortex Flowmeters.......................................................... 3.21

3-5                    Endress & Hauser Vortex Flowmeters............................................................. 3-23

3-6                    Foxboro Vortex Flowmeters............................................................................ 3-24

3-7                    Hangzhu Zhenhua Vortex Flowmeters.............................................................. 3-25

3-8                    J-Tec Vortex Flowmeters................................................................................ 3-27

3-9                    Krohne Vortex Flowmeters.............................................................................. 3-28

3-10                Oval Vortex Flowmeters.................................................................................. 3-30

3-11                Sierra Vortex Flowmeters................................................................................ 3-31

3-12                Tokyo Keiso Vortex Flowmeters..................................................................... 3-33

3-13                Yokogowa Vortex Flowmeters........................................................................ 3-35


LIST OF FIGURES

(continued)

 

Figure

Number Description Page Number

 

 

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

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

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

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

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

4-6                    Shipments of Vortex Flowmeters Worldwide by Type...................................... 4-36

4-7                    Shipments of Vortex Flowmeters Worldwide by Type...................................... 4-37

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

4-9                    Shipments of Vortex Flowmeters by Type in North America............................. 4-39

4-10                Shipments of Vortex Flowmeters by Type in Europe......................................... 4-40

4-11                Shipments of Vortex Flowmeters by Type in Japan........................................... 4-41

4-12                Shipments of Vortex Flowmeters by Type in Asia w/o Japan............................ 4-42

4-13                Shipments of Vortex Flowmeters by Type in Rest of World.............................. 4-43

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

4-15                Average Selling Price of Vortex Flowmeters by Type....................................... 4-45

4-16                Average Selling Price of Vortex Flowmeters..................................................... 4-46

4-17                Shipments of Multivariable Vortex Flowmeters Worldwide............................... 4-47

4-18                Shipments of Multivariable Vortex Flowmeters Worldwide............................... 4-48

4-19                Shipments of Multivariable Vortex Flowmeters by Region................................. 4-49

4-20                Shipments of Multivariable Vortex Flowmeters by Region................................. 4-50

4-21                Shipments of Multivariable Vortex Flowmeters by Region................................. 4-51

4-22                Shipments of Single Variable Smart Vortex Flowmeters Worldwide.................. 4-52

4-23                Shipments of Single Variable Smart Vortex Flowmeters Worldwide.................. 4-53

4-24                Shipments of Single Variable Smart Vortex Flowmeters by Region.................... 4-54

4-25                Shipments of Single Variable Smart Vortex Flowmeters by Region.................... 4-55

4-26                Shipments of Single Variable Smart Vortex Flowmeters by Region.................... 4-56

4-27                Shipments of Conventional Vortex Flowmeters Worldwide............................... 4-57

4-28                Shipments of Conventional Vortex Flowmeters Worldwide............................... 4-58

4-29                Shipments of Conventional Vortex Flowmeters by Region................................. 4-59

4-30                Shipments of Conventional Vortex Flowmeters by Region................................. 4-60

4-31                Shipments of Conventional Vortex Flowmeters by Region................................. 4-61

 


LIST OF FIGURES

(continued)

 

Figure

Number Description Page Number

 

4-32                Shipments of Vortex Flowmeters Worldwide by Fluid Type.............................. 4-62

4-33                Shipments of Vortex Flowmeters Worldwide by Fluid Type.............................. 4-63

4-34                Shipments of Vortex Flowmeters in North America by Fluid Type.................... 4-64

4-35                Shipments of Vortex Flowmeters in Europe by Fluid Type................................ 4-65

4-36                Shipments of Vortex Flowmeters in Japan by Fluid Type.................................. 4-66

4-37                Shipments of Vortex Flowmeters in Asia w/o Japan by Fluid Type.................... 4-67

4-38                Shipments of Vortex Flowmeters in Rest of World by Fluid Type...................... 4-68

4-39                Shipments of Multivariable and Smart Vortex Flowmeters Worldwide by
Communication Protocol.................................................................................. 4-69

4-40                Shipments of Multivariable and Smart Vortex Flowmeters Worldwide by
Communication Protocol.................................................................................. 4-70

4-41                Shipments of Multivariable and Smart Vortex Flowmeters in North
America by Communication Protocol............................................................... 4-71

4-42                Shipments of Multivariable and Smart Vortex Flowmeters in Europe by
Communication Protocol.................................................................................. 4-72

4-43                Shipments of Multivariable and Smart Vortex Flowmeters in Japan by
Communication Protocol.................................................................................. 4-73

4-44                Shipments of Multivariable and Smart Vortex Flowmeters in Asia w/o
Japan by Communication Protocol................................................................... 4-74

4-45                Shipments of Multivariable and Smart Vortex Flowmeters in Rest
of World by World by Communication Protocol............................................... 4-75

4-46                Shipments of Vortex Flowmeters Worldwide by Industry.................................. 4-76

4-47                Shipments of Vortex Flowmeters in North America by Industry........................ 4-77

4-48                Shipments of Vortex Flowmeters in Europe by Industry.................................... 4-78

4-49                Shipments of Vortex Flowmeters in Japan by Industry...................................... 4-79

4-50                Shipments of Vortex Flowmeters in Asia w/o Japan by Industry........................ 4-80

4-51                Shipments of Vortex Flowmeters in Rest of World by Industry.......................... 4-81

4-52                Shipments of Vortex Flowmeters Worldwide by Distribution Channel............... 4-82

4-53                Shipments of Vortex Flowmeters by Region by Distribution Channel................. 4-83

4-54                Shipments of Vortex Flowmeters by Region by Distribution Channel................. 4-84

4-55                Shipments of Vortex Flowmeters Worldwide by Customer Type...................... 4-85

4-56                Shipments of Vortex Flowmeters by Region by Customer Type........................ 4-86

4-57                Shipments of Vortex Flowmeters by Region by Customer Type........................ 4-87

 


LIST OF FIGURES

(continued)

 

Figure

Number Description Page Number

 

 

5-1                    Market Shares for the Leading Suppliers of Vortex Flowmeters
Worldwide...................................................................................................... 5-17

5-2                    Market Shares for the Leading Suppliers of Vortex Flowmeters
in North America............................................................................................. 5-18

5-3                    Market Shares for Leading Suppliers of Vortex Flowmeters in Europe.............. 5-19

5-4                    Market Shares for Leading Suppliers of Vortex Flowmeters in Japan................ 5-20

5-5                    Market Shares for Leading Suppliers of Vortex Flowmeters in Asia
without Japan................................................................................................... 5-21

5-6                    Market Shares for the Leading Suppliers of Vortex Flowmeters in
Rest of World.................................................................................................. 5-22

5-7                    Market Shares for Leading Suppliers of Multivariable Vortex Flowmeters
Worldwide...................................................................................................... 5-23

5-8                    Market Shares for Leading Suppliers of Smart Vortex Flowmeters
Worldwide...................................................................................................... 5-24

5-9                    Market Shares for Leading Suppliers of Conventional Vortex Flowmeters Worldwide 5-25

5-10                Market Shares for Leading Suppliers of Vortex Flowmeters for Liquid
Applications Worldwide................................................................................... 5-26

5-11                Market Shares for Leading Suppliers of Vortex Flowmeters for Liquid
Applications in North America......................................................................... 5-27

5-12                Market Shares for Leading Suppliers of Vortex Flowmeters for Liquid
Applications in Europe..................................................................................... 5-28

5-13                Market Shares for Leading Suppliers of Vortex Flowmeters for Liquid
Applications in Japan....................................................................................... 5-29

5-14                Market Shares for Leading Suppliers of Vortex Flowmeters for Liquid
Applications in Asia without Japan.................................................................... 5-30

5-15                Market Shares for Leading Suppliers of Vortex Flowmeters for Liquid
Applications in Rest of World........................................................................... 5-31

5-16                Market Shares for Leading Suppliers of Vortex Flowmeters for Steam
Applications Worldwide................................................................................... 5-32

5-17                Market Shares for Leading Suppliers of Vortex Flowmeters for Gas
Applications Worldwide................................................................................... 5-33

 

 

6-1                    Become a Broad-Line Supplier........................................................................ 6-17

6-2                    Offer Many Models and Types of Vortex Flowmeters...................................... 6-18

 

 


LIST OF TABLES

 

Table

Number Description Page Number

 

3-1                    Advantages and Disadvantages of DP and New Technology Flowmeters....... 3-9

3-2                    New Technology and DP Flowmeters Principals of Operation..................... 3-11

3-3                    Paradigm Case Conditions for New Technology Flowmeters....................... 3-13

 

 

4-1                    Worldwide Average Selling Prices for Flowmeters........................................ 4-7

 


LIST OF PHOTOS

 

Photo

Number Description Page Number

 

2-1                    World Map................................................................................................ 2-20

 

3-1                    ABB Swirl 4.............................................................................................. 3-17

3-2                    ABB Vortex 4............................................................................................ 3-17

3-3                    Asahi America Univeral Flowmeter............................................................. 3-18

3-4                    EMCO Hydroflow Model 1200................................................................. 3-20

3-5                    EMCO Hydroflow Model 2300................................................................. 3-20

3-6                    EMCO PhD Vortex Flowmeter.................................................................. 3-20

3-7                    EMCO V-Bar Insertion Flowmeter............................................................ 3-20

3-8                    Emerson Rosemount Model 8800 C........................................................... 3-21

3-9                    Endress & Hauser Prowirl 70..................................................................... 3-23

3-10                Endress & Hauser Prowirl 77..................................................................... 3-23

3-11                Endress & Hauser Vortex Flowmeters (Typical Products)........................... 3-23

3-12                Foxboro E83 Series................................................................................... 3-24

3-13                Hangzhu Zhenhua Vortex Flowmeters......................................................... 3-25

3-14                J-Tec V1800TR......................................................................................... 3-27

3-15                J-Tec VE500............................................................................................. 3-27

3-16                J-Tec VL600............................................................................................. 3-27

3-17                J-Tec VP700TS......................................................................................... 3-27

3-18                J-Tec VL650............................................................................................. 3-27

3-19                Krohne VFM 3100 (Flange)...................................................................... 3-28

3-20                Krohne VFM 3100 (Wafer)....................................................................... 3-28

3-21                Oval Ex-Delta (Fixed Sensor)..................................................................... 3-30

3-22                Oval Ex-Delta (Insertion-type).................................................................... 3-30

3-23                Oval Ex-Delta (Replaceable Sensor)........................................................... 3-30

3-24                Sierra Model 240-241............................................................................... 3-31

3-25                Sierra Series 220-221................................................................................ 3-31

3-26                Tokyo Keiso VF 2000 .............................................................................. 3-33

3-27                Tokyo Keiso VF 3000............................................................................... 3-33

3-28                Tokyo Keiso VF 4000............................................................................... 3-33

3-29                Yokogawa Typical YEWFLO Flowmeter................................................... 3-35