China flowmeter market to experience double-digit growth

The Chinese magnetic flowmeter market can be expected to grow significantly in the next few years, a recent ARC Advisory Group study reports.

08/19/2004


The Chinese magnetic flowmeter market can be expected to grow significantly in the next few years, a recent ARC Advisory Group study reports.

Double-digit unit and revenue growth for magnetic flowmeters in China will be driven by investments in infrastructure, according to the study. Revenues for the magnetic flowmeter market in China are expected to grow at a compound annual growth rate (CAGR) of 10.7% over the next 5 years, says the report. " Magnetic Flowmeter Outlook for China through 2008 " puts the market at slightly more than $46 million in 2003 and forecasts it to reach $77 million in 2008.

The Chinese government is concerned that uneven distribution of water resources may adversely impact sustainable development, the report explains. As a result, it is investing an estimated $22 billion in water and wastewater treatment projects. "The industrial revolution currently taking place in China is unprecedented," say ARC analysts Paula Hollywood and Narayan Gokhale, authors of the new study. "Investments in the water and wastewater industries in China bode well for magnetic flowmeter suppliers as magmeters are used extensively in these industries."

A number of magnetic flowmeter technological developments are broadening the application range of magnetic flowmeters, the report goes on. Magmeters for partially filled pipes can be invaluable in the China market where use of such meters can meet current capacity requirements and be suitable for full-scale future requirements. The penchant for the latest automation technology by Chinese manufacturers has been a boon for fieldbus technology as well, according to the report. Battery-powered meters are finding growing acceptance for remote installations, particularly in water and wastewater pipelines.

Click here to read more about the study .

—Jeanine Katzel, senior editor, Control Engineering, jkatzel@reedbusiness.com





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