Global flowmeter market expected to reach $3.4 billion by 2007

Wakefield, MA—The worldwide flowmeter market is projected to grow at a 2.1% compound annual growth rate (CAGR) from $3.1 billion in 2002 to $3.4 billion in 2007, according to a three-year study, "The World Market for Flowmeters," released May 1 by Flow Research Inc.


Wakefield, MA- The worldwide flowmeter market is projected to grow at a 2.1% compound annual growth rate (CAGR) from $3.1 billion in 2002 to $3.4 billion in 2007, according to a three-year study, "The World Market for Flowmeters," released May 1 by Flow Research Inc . The firm states that its study is the first time in 10 years that comprehensive data has been available on all 10 flowmeter technologies in one document.

Worldwide flowmeter sales
(total shipments of all 10 flowmeter types from 2002 to 2007)


(In millions of $)













Source: Control Engineering with data from Flow Research Inc. (Wakefield, MA), located at

While much anecdotal attention has been paid to the switch from traditional flowmeters to new-technology meters, the study quantifies these changes. For example, while sales of new-technology flowmeters accounted for 47% of flowmeters sold in 2002, they're projected to account for 57% of flowmeter sales in 2007. Meanwhile, revenue from new-technology flowmeters are projected to grow at a 6.2% CAGR through 2007.

New-technology flowmeters include Coriolis, magnetic, ultrasonic, vortex, and multivariable differential pressure (DP). Traditional technology meters include DP, positive displacement, turbine, open channel, thermal, and variable area flowmeters.

Due to the greater accuracy and reliability of new-technology flowmeters, the study found that end-users are continuing to switch to them, especially to ultrasonic and Coriolis types. Much of the increase in ultrasonic flowmeter sales is driven by growth in the custody transfer of natural gas market. Growth in the Coriolis flowmeter market is due to their high accuracy combined with strong customer loyalty. The study adds that sales of magnetic flowmeters will continue to grow due to their large installed base and that technology's nonintrusive measurement capabilities.

Despite the trend toward new-technology flowmeters, the study further shows that traditional meters are holding their own in many applications. In some cases, traditional meters are the only type approved for custody transfer. Their large installed bases also mean that DP, positive displacement, and turbine flowmeters will be around for many years to come. In addition, suppliers are implementing product improvements that make traditional technology meters more accurate and reliable.

Control Engineering Daily News Desk
Jim Montague, news editor

No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Robot advances in connectivity, collaboration, and programming; Advanced process control; Industrial wireless developments; Multiplatform system integration
Sensor-to-cloud interoperability; PID and digital control efficiency; Alarm management system design; Automotive industry advances
Make Big Data and Industrial Internet of Things work for you, 2017 Engineers' Choice Finalists, Avoid control design pitfalls, Managing IIoT processes
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Big Data and bigger solutions; Tablet technologies; SCADA developments
SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Flexible offshore fire protection; Big Data's impact on operations; Bridging the skills gap; Identifying security risks
click me