IMS Research: Custody transfer applications grow in sophistication, but no clear flowmeter technology winner yet

IMS Research says ultrasonics growing fast, but what about Coriolis? What will displace DP?

01/17/2012


IMS Research: Excellence in market intelligenceAccording to IMS Research, ultrasonic flowmeters used in custody transfer are growing at a faster rate than any other flowmeter type available today. Despite the rapid growth, DP (differential pressure) flowmeters still account for the largest share of a custody transfer market IMS Research estimates to be worth some $500 million in 2010.  

Any company that needs to do custody transfer flow measurement today, a transaction involving transporting physical substance from one operator to another, has a wide choice of technologies and products at its disposal. Newer flowmeter technologies such as Coriolis and ultrasonic offer increased reliability, low pressure drop, and high accuracy. At the same time, suppliers of more established technologies aren’t standing still. For example, older designs, such as turbine flowmeters, have seen performance improvements through better bearing materials that improve accuracy and extend operating life.

Paul Everett, research director at IMS Research observes, “DP flowmeters appear to be holding their own. DP flowmeters still have the largest installed base of any type of technology, and customers appreciate the design’s versatility to measure liquid, gas, and steam flows. Manufacturers have been very diligent in researching and developing technological improvements in their products”.

There are several flowmeter technologies available today; some are well established, whereas others are emerging. In its latest flowmeter report, IMS Research confirms that Coriolis flowmeters maintain a steady hold on the custody transfer market. Everett continues, “Coriolis meters are gaining industry approval for custody transfer of natural gas. In addition, several European standards organizations include Coriolis sensors on their list of meters approved for custody transfer. There is also a significant trend occurring in the production and use of ultrasonic flowmeters making the custody transfer market one to watch”.

Analysis of the flowmeter market is available from the 2nd edition of IMS Research’s recently released World Flowmeter report.

www.imsresearch.com

Also read Custody Transfer: Flowmeter as Cash Register



No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
Each year, a panel of Control Engineering editors and industry expert judges select the System Integrator of the Year Award winners.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
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.
Learn how to create value with re-use; gain productivity with lean automation and connectivity, and optimize panel design and construction.
Go deep: Automation tackles offshore oil challenges; Ethernet advice; Wireless robotics; Product exclusives; Digital edition exclusives
Lost in the gray scale? How to get effective HMIs; Best practices: Integrate old and new wireless systems; Smart software, networks; Service provider certifications
Fixing PID: Part 2: Tweaking controller strategy; Machine safety networks; Salary survey and career advice; Smart I/O architecture; Product exclusives
The Ask Control Engineering blog covers all aspects of automation, including motors, drives, sensors, motion control, machine control, and embedded systems.
Look at the basics of industrial wireless technologies, wireless concepts, wireless standards, and wireless best practices with Daniel E. Capano of Diversified Technical Services Inc.
Join this ongoing discussion of machine guarding topics, including solutions assessments, regulatory compliance, gap analysis...
This is a blog from the trenches – written by engineers who are implementing and upgrading control systems every day across every industry.
IMS Research, recently acquired by IHS Inc., is a leading independent supplier of market research and consultancy to the global electronics industry.

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

Case Study Database

Case Study Database

Get more exposure for your case study by uploading it to the Control Engineering case study database, where end-users can identify relevant solutions and explore what the experts are doing to effectively implement a variety of technology and productivity related projects.

These case studies provide examples of how knowledgeable solution providers have used technology, processes and people to create effective and successful implementations in real-world situations. Case studies can be completed by filling out a simple online form where you can outline the project title, abstract, and full story in 1500 words or less; upload photos, videos and a logo.

Click here to visit the Case Study Database and upload your case study.