EC rules, demand for efficiency fuel flowmeter adoption

Increasing conformance with new European Commission (EC) rules and growing demand for improved efficiency in the process industries are increasing adoption of flowmeters, according to recent research by Frost & Sullivan. The research firm adds that, aided by greater demand for more advanced and higher-priced flowmeter technology, this relatively mature $940.

03/01/2004


San Antonio, TX Increasing conformance with new European Commission (EC) rules and growing demand for improved efficiency in the process industries are increasing adoption of flowmeters, according to recent research by Frost & Sullivan. The research firm adds that, aided by greater demand for more advanced and higher-priced flowmeter technology, this relatively mature $940.7 million market is projected to experience steady revenue growth for the next several years.

Frost & Sullivan adds that various EC directives related to environmental issues and processes in the food and beverage and pharmaceuticals sectors are compelling companies to regulate production practices. Monitoring fluid flows ensures improved, streamlined processes, and reduces costs. Savings have become even more important during the recent economic slowdown, and this has fueled demand for devices that reduce operating/installation costs. Consequently, demand for improved productivity through optimization of manufacturing processes is likely to push the flow sensing market to reach $1.13 billion by 2009. In addition, advanced technologies, including ultrasonic and Coriolis mass flowmeters, are gradually dislodging conventional flowmeters, such as electromagnetic, turbine and positive displacement.





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