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Ultrasonic Flowmeter Market share increase greatly

2016-10-12
 According to a recent series of studies from Flow Research, the market for ultrasonic meters totaled $632 million in 2011, and is projected to grow at a compound annual growth rate of 9.6 percent through 2016. Growth in this market is driven by the use of ultrasonic flowmeters for custody transfer applications and the resulting product development of multipath meters. Inline ultrasonic meters account for two-thirds of revenues, with the remainder divided between clamp-on and insertion meters. In addition to gas flow, ultrasonic flowmeters are used to measure the flow of petroleum and non-petroleum liquids.

Flowmeter manufacturers are focusing a great deal of attention on ultrasonic flowmeters. Much of their research and development effort is currently going into these meters, perhaps at the expense of other meters such as electromagnetic, vortex and turbine. Suppliers have made significant progress in enhancing the accuracy and reliability of ultrasonic flowmeters nowadays. This has mainly been done by increasing the number of paths, thereby increasing the number of measurement points, and also by adding greater diagnostic capability. The enhanced diagnostic capability can reduce the need for upstream piping, and also increases the ability of the ultrasonic meter to determine sources of error. Lately, new and more accurate meters have been developed for custody transfer of petroleum liquids as well as for custody transfer of natural gas.

Ultrasonic flowmeters are also being more widely used to measure process gas and flare gas. The use of ultrasonic meters for gas flow measurement has evolved substantially from the late 1970s and early 1980’s, when this was first attempted. The use of wetted sensors provides greater accuracy. Insertion meters are used to measure flare gas in stacks, and ultrasonic flowmeters are used more widely in the chemical and refining industries. While the growth of ultrasonic meters to measure process and flare gases is not as rapid as is the growth of multipath meters for custody transfer of natural gas, it is still an important factor in the overall growth of ultrasonic meters.

 


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