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European Flow Sensors and Transmitters Markets
Frost & Sullivan, June 2006
This Frost & Sullivan research service titled European Flow Sensors and Transmitters Markets provides a detailed analysis on the various flow sensors and transmitters that cater to a number of end-user segments in Europe. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets/applications/technologies: chemical and petrochemicals, oil and gas, food, pharmaceuticals, pulp and paper, water and wastewater management, energy and utility, heating, venting and air conditioning (HVAC), semiconductors and environment end-user markets.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
By Application:
- Chemicals and petrochemicals
- Oil and gas
- Pharmaceuticals
- Food and beverage
- Pulp and paper
- Water and waste water management
- Power and utility
- Heating, ventilation and air conditioning (HVAC)
- Semiconductors
- Environment
By Geaographic Region:
- Germany
- The United Kingdom and Ireland
- France
- Italy
- Iberia (Spain and Portugal)
- Benelux (Belgium, Luxembourg and the Netherlands)
- Scandinavia (Denmark, Norway, Sweden and Finland)
- Rest-of-Europe
Technologies
The following technologies are covered in this research:
- Open Channel Flow Sensors
- Anemometers
- Ultrasonic
- Vortex
- Electromagnetic
- Mass Flowmeters
- Positive Displacement
- Differential Pressure Flowmeters
- Turbine
- MEMS-based Flowmeters
- Others (Impellers)
Market Overview
Electronic, Non-contact Flowmeters to Fuel Uptake of Flow Management Systems
The increasing level of automation and complexity in operations across diverse process industries and a growing need to contain costs of manufacturing are resulting in increased demand for process sensors and instrumentation such as flow measurement systems, among others. Process sensors and instrumentation are gaining in significance, leading to enhanced focus on technological developments in electronic sensors and transmitters. Electronic flow sensors and transmitters are expected to find greater acceptance in measuring fluid flow rates due to the advantages of higher accuracy, reliability and online remote monitoring, in comparison to mechanical flowmeters. Consequentially, these benefits are likely to result in the migration of end users from traditional, mechanical to electronic, non-contact flow measurement systems. In this context, ultrasonic and electromagnetic non-contact flowmeters, which offer superior flow measurement accuracy, will exhibit increased demand.
Further, technological advancements, such as two-wire transmitters, multivariable transmitters, and wireless transmitters that offer improved capabilities, are driving the penetration of electronic flowmeters in varied end-user markets. In particular, micro electromechanical (MEMS)-based sensors and improvements in wireless technology are expected to be the most significant technological developments that will boost market growth over the forecast period, 2006-2012. Accordingly, market revenues are expected to grow from $1334.9 million in 2005 and to $2113.7 million by 2012.
Product Innovation Essential to Combat Intensifying Competition
Currently, the market remains dominated by large multinational companies such as Emerson Process Management, ABB, Endress and Hauser, and Honeywell among others, which offer a wide variety of products. At the same time, there are a number of small and medium-sized companies that cater to niche application segments. In view of the intensifying competition, market participants are adopting low-price strategies to boost their sales volumes, which are affecting profit margins and preventing the realisation of economies of scale. Moreover, with conformance to numerous government legislations and environmental norms being essential, product innovation and the expansion of product portfolios to include advanced flow monitoring systems will become crucial to achieve competitive success.
In addition, ensuring reduced time to market is likely to become essential to gain a competitive edge in the market. Besides offering standard off-the-shelf products, market participants would do well to focus on the development of innovative products and solutions. Monitoring customer feedback, understanding end-user requirements and developing customised products and solutions will prove essential to market growth. As the market is anticipated to reach a stage of maturity, companies are expected to concentrate on developing technological alliances as well as research and development collaborations to ensure sustained profitability.
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