Growth of electronic flow sensors
Staff -- Control Engineering, 10/1/2006
The growth in offerings of electronic, non-contact flow measurement systems has fueled Europe’s sensors and transmitters market, says a new report from Frost & Sullivan. Newer technologies offer functional advantages over traditional mechanical designs, the research firm says.
End-users like electronic, non-contact flow measurement systems for higher accuracy and reliability and unrestricted flow. Frost & Sullivan finds that the European flow sensors and transmitters markets earned revenues of $1.33 billion in 2005 and estimates that it will reach $2.11 billion in 2012.
This is not without its downsides for manufacturers, however. The expansion of more sophisticated technologies is not only taking sales from mechanical designs, it is creating a very competitive atmosphere among electronic sensor manufacturers.
At present, more than 100 competitors offer relatively similar product lines and pricing. To achieve sufficient volume to reduce costs, more manufacturers are undercutting prices to end-users to build market share. The resulting loss of profitability threatens smaller manufacturers who cannot operate in that arena.
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