Flow Meters Market to Cross $4.5 Billion by 2010, According to a New Report

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The global flow meters market is projected to cross 3 million units in terms of volume and US$4.5 billion in terms of value by the end of year 2010. Increased reliability and precision of advanced flow meters such as coriolis and ultrasonic is taking sheen from conventional types such as turbine, differential pressure, and positive displacement. Although conventional flow meters have taken a backseat, providers are upgrading traditional systems to meet high demands of precision and reliability.

Flow Meters: A Global Strategic Business Report

A new report released by Global Industry Analysts, Inc. "Flow Meters: A Global Strategic Business Report" provides a comprehensive review of market trends, provides an insight into process control industry, fluid measurement industry, flow measurement tools and techniques, regulatory environment in major regional markets, types of flow meters and related components, technological and product developments, M&A activity. The study also analyzes market data and analytics in value and volume for United States, Canada, Japan, Europe, Asia-Pacific, Middle East, and Latin America by the following product segments - differential pressure flow meters, magnetic flow meters, mass flow meters, open channel flow meters, positive displacement flow meters, turbine flow meters, ultrasonic flow meters, anemometers, and vortex flow meters.

Recent innovations have led to significant improvements - magnetic flow meters are capable of measuring flow in large pipes while ultrasonic flow meters (transit-time, doppler, and hybrid ultrasonic meters) offer several decisive advancements over traditional flow meters including resistance to heavy wear and tear of parts, non-contact functionality, and greater versatility during operation. United States is the largest flow meters market and is projected to account for more than 1 million units in volume terms and US$1.3 billion in value terms by the year 2010. Also, United States process control industry ranks first in the supply of process control equipment, accounting for a share of approximately 45%. Asia-Pacific is the fastest growing flow meters market in the world and is projected to register a CAGR of over 6.1% in volume terms and 4.3% in value terms during the ten-year analysis period.

Flow sensors are commanding significant demand in the replacement market, spurred by presence of a wide installed base in European countries. Various safety issues related to the use of flow sensors in certain industries, such as oil and gas and chemicals require mandatory check ups and servicing. This has created larger opportunities for replacement sales of flow sensors in these markets. Rapid growth of ultrasonic flow meters market has also been supplemented by the approval of standards by various regulatory authorities such as American Gas Association (AGA), the American Petroleum Institute (API), and International Organization for Legal Metrology (OIML).

Ultrasonic flow meters market is projected to account for over US$700 million in terms of value and 400 thousand units by the year 2010. Accuracy and reliability, apart from the advantages of minimal installation and maintenance cost, are likely to drive coriolis flow meters market, though they are highly priced and cumbersome. Differential pressure flow meters market accounted for the largest volume share of about 25% in the year 2006 while mass flow meters market accounted for over 21% in terms of value share during the same year.

Key players dominating the global flow meters market include Asea Brown Boverie, AMCO Water Metering Systems, Badger Meter, Dresser, Eastech Flow Controls, Emerson Electric, Emerson Process Management, Endress+Hauser, Faure Herman, Honeywell Industrial Automation and Control Solutions, Idex Corporation, Invensys Process Systems, Rockwell Automation, Siemens AG, Teledyne Isco, and Yokogawa Electric Corporation.

For more details about this research report, please visit http://www.strategyr.com/MCP-2909.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Web Site http://www.StrategyR.com

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