Magnetic flowmeter market is growing fast, study finds


Worldwide magnetic flowmeter market equaled $710 million in 2004, a market study from Flow Research shows. Global market for magnetic flowmeters, 3rdedition puts revenues from the sale of magnetic flowmeters at $910 million by 2009, increasing at a compound annual growth rate (CAGR) of 5.1%. Europe accounts for 41% of the 2004 revenue total; North American accounts for just over 21%. Fastest growth is expected in “Asia without Japan” and the “rest of the world” regions.

According to the report, magnetic flowmeters are displacing traditional technology meters in many applications, including differential pressure (DP), positive displacement, and turbine meters. Unlike positive displacement and turbine meters, magnetic flowmeters do not have moving parts that are subject to wear over time; and unlike DP devices, they do not use a primary element to cause a constriction in the flowstream.

Customers are taking advantage of technological improvements made to magnetic flowmeters in the past few years, said Jesse Yoder, president of Flow Research. “In addition,” noted Yoder, “more companies are now offering insertion meters, which enable magnetic flowmeters to measure flow in large pipes.”

The primary limitation of magnetic devices, notes the study, is their inability to measure the flow of nonconductive fluids. Although some progress has been made to allow these devices to operate in liquids with very low conductivity values, they remain unable to measure gas or steam flows.

—Jeanine Katzel, senior editor, Control Engineering,

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.
Each year, a panel of Control Engineering and Plant Engineering editors and industry expert judges select the System Integrator of the Year Award winners in three categories.
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.
Additive manufacturing benefits; HMI and sensor tips; System integrator advice; Innovations from the industry
Robotic safety, collaboration, standards; DCS migration tips; IT/OT convergence; 2017 Control Engineering Salary and Career Survey
Integrated mobility; Artificial intelligence; Predictive motion control; Sensors and control system inputs; Asset Management; Cybersecurity
Featured articles highlight technologies that enable the Industrial Internet of Things, IIoT-related products and strategies to get data more easily to the user.
This article collection contains several articles on how automation and controls are helping human-machine interface (HMI) hardware and software advance.
This digital report will explore several aspects of how IIoT will transform manufacturing in the coming years.

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

Infrastructure for natural gas expansion; Artificial lift methods; Disruptive technology and fugitive gas emissions
Mobility as the means to offshore innovation; Preventing another Deepwater Horizon; ROVs as subsea robots; SCADA and the radio spectrum
Future of oil and gas projects; Reservoir models; The importance of SCADA to oil and gas
Automation Engineer; Wood Group
System Integrator; Cross Integrated Systems Group
Jose S. Vasquez, Jr.
Fire & Life Safety Engineer; Technip USA Inc.
This course focuses on climate analysis, appropriateness of cooling system selection, and combining cooling systems.
This course will help identify and reveal electrical hazards and identify the solutions to implementing and maintaining a safe work environment.
This course explains how maintaining power and communication systems through emergency power-generation systems is critical.
click me