Global Vortex Flowmeter Market 2014-2018

Published on by in Business

Global Vortex Flowmeter Market 2014-2018

According to the Report, One of the Main Drivers in the Market is the Increase in Demand from the APAC Region Such as China and India, which are Witnessing a High Demand for Vortex Flowmeters

A flowmeter is a device that measures the rate of flow of water, fuel, or gas through a pipe. There are various types of flowmeters: vortex flowmeter, turbine flowmeter, magnetic flowmeter, ultrasonic flowmeter, positive displacement flowmeter, coriolis flowmeter, and multiphase flowmeter. Vortex flowmeters, also known as oscillatory flowmeters or vortex shedding flowmeters, are used to measure the vibrations of the downstream vortexes caused by the barrier placed in a moving stream. Vortex flowmeters are used across various process industries such as Oil and Gas, Chemical, Food and Beverage, Pulp and Paper, and Water and Wastewater for various liquid and gas applications.

One of the major trends in this market is the increase in technological advances. Many organizations across industries are looking for technologically advanced vortex flowmeters that can be handled with ease and require less maintenance. Several manufacturers are adding more functionality to their flowmeters.

According to the report, one of the main drivers in the market is the increase in demand from the APAC region such as China and India, which are witnessing a high demand for vortex flowmeters. Many organizations in this region are replacing their old equipment with the latest technology vortex flowmeters to improve their organizational efficiency.

Further, the report states that one of the major challenges for this market is high initial investment. Currently, the price of vortex flowmeters is increasing significantly as a result of the increase in the price of raw materials.

The analysts forecast the Global Vortex Flowmeter market to grow at a CAGR of 6.92 percent over the period 2013-2018.

The Global Vortex Flowmeter market can be segmented by two types:

  • Fluid Type
  • Sensing Technology

By fluid type, the Global Vortex Flowmeter market has been categorized into three types:

  • Gas
  • Liquid
  • Steam

By sensing technology, the Global Vortex Flowmeter market has been categorized into three types:

  • Piezoelectric
  • Ultrasonic
  • Capacitive

Key Vendors

  • Emersion Electric
  • Endress+Hauser
  • Yokogawa Electric

Source: Digital Journal

Read More Related Content On This Topic - Click Here

Media

Taxonomy