Mid-East, Africa drive growth of level-measuring industries markets


Level-measuring industries worldwide are expected to grow over the next several years, but not at a uniform rate around the globe, a recent study shows. The most significant increases are forecast for Middle East and Africa.

According to the latest survey data from Venture Development Corp. (VDC) on global process measurement and inventory tank gauging (ITG) markets, the process level measuring device market totaled approximately $1.3 billion in 2004 and is expected to increase at a 4.4% compound annual growth rate (CAGR) to more than $1.6 billion in 2009. The worldwide ITG system market totaled $327 million in 2004 and is forecast to grow at a 5.7% CAGR to $431 million in 2009.

Level measurement is a widely measured process variable that uses many sensing technologies to determine the height of various materials in tanks, containers, silos, or containers holding liquids or granular solids, says the VDC report. The study defines ITG as the use of level measuring for inventory storage and custody transfer applications as opposed to process control. Many ITG systems provide greater accuracy than process level measurement systems and over greater heights, says VDC.

Most significant growth in both product markets is expected in Middle East and Africa regions for gas and petroleum industry applications, the survey indicates. It states that shipments for this industry are expected to rise at relatively high growth rates due to sharply rising fuel prices and expanding Mid-East exploration, oil field production, and refinery capacity. In the ITG area, a growing need to monitor inventory levels more accurately was observed.

Breakdown of the market growth rates puts increases in process level measurement devices at 7.3% for the Middle East & Africa region, compared to 2.4% in North America and 6.4% in Asia-Pacific. In ITG systems, the study puts Middle East & Africa growth at 10.3%, with North America and Asia-America coming in at 4.5% and 6.0% respectively.

For more on this report, click here .

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

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