+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Coriolis Meters - Global Market Trajectory & Analytics

  • ID: 4804622
  • Report
  • September 2020
  • Region: Global
  • 486 pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • ABB
  • Azbil Corporation
  • Emerson Electric Co.
  • KROHNE Messtechnik GmbH
  • Malema Engineering Corp.
  • Schneider Electric
  • MORE
The global market for Coriolis Meters is projected to reach US$2.7 billion by 2025, driven by the ubiquitous importance of liquid/fluid flow measurement in a wide range of industries including oil and gas, fluid transport, fluid storage, mining, water & wastewater treatment, power & utilities, marine, and process industries such as chemicals, food & beverage, pulp & paper, among others. While there are various fluid flow measurement technologies such as differential pressure flow meters, magnetic flow meters, ultrasonic flow meters, positive displacement flowmeters, turbine flowmeters, variable area flowmeters, vortex & thermal flow meters flowmeters, Coriolis flowmeters are the most popular and widely preferred. Coriolis meters rely on the earth`s Coriolis Effect to measure fluid mass flow rates. The Coriolis Effect is based on simple mathematical physics that surmises all moving and flowing bodies on the surface of the earth to drift sideways due to the eastward rotation of the planet. While in the northern hemisphere the movement of liquids/fluid is to the right, in the southern hemisphere the movement is towards the left. This principle dictates the tidal activity of oceans and also influences weather patterns of the planet. Key benefits of Coriolis flowmeters driving their adoption rates include multi-parameter measurement capability i. e. liquid temperature and density; high degree of accuracy as the Coriolis Effect is unaffected by fluid characteristics such as pressure, temperature, viscosity, conductivity and gravity; ability to operate in forward and reverse flow direction; requires no inlet and outlet sections; lower maintenance loads; and ability to handle difficult fluids.

A key trend in the market is the growing popularity of straight-tube Coriolis flowmeter designs as compared to the conventional U-tube Coriolis flowmeter design. Rising focus on food safety and sanitary manufacturing conditions is especially driving demand for straight-tube Coriolis flowmeter in the food and beverage and pharmaceutical industry, where bent tubes results in stagnant process fluids causing hygiene issues and raising the risk of contamination. Another industry also in the spotlight as a key revenue generator for Coriolis meters is the oil and gas industry. Efficient and reliable oil and gas flow measurement is important for both offshore and inland applications. Oil drilling requires continuous measurement and monitoring of drilling fluids. Maintaining optimum fluid volumes and density is vital in ensuring efficiency and safety of drilling operations. Real-time measurement of density and flow rates are therefore emerging as key parameters for rig control as they help lower drilling costs by eliminating nonproductive time (NPT). Stable growth in the number of oil wells drilled worldwide coupled with the rise in hydraulic fracturing in-line with the robust exploitation of shale reserves in North America bodes well for market growth. Under this scenario, Micro Motion Coriolis flowmeters are poised to witness strong demand growth. Coriolis flowmeters are optimized for drilling applications as they are measure mass rates and are not affected by fluid type. They are therefore compatible with a wide range of drilling fluid types with vastly different base and fluid properties. Absence of in-stream mechanical, moving components make Coriolis flowmeters suitable for the erosive fluids, harsh environments and process conditions. In addition, ongoing digitalization of oilfields enables easy interfacing of micro motion Coriolis sensors to data logging systems. The United States, Europe and Latin America represent large markets worldwide with a combined share of 55.4% of the market. China ranks as the fastest growing market with a CAGR of 12.2% over the analysis period supported by the country`s growing manufacturing industry.

Competitors identified in this market include, among others:
  • ABB
  • AW-Lake Company
  • Azbil Corporation
  • Brooks Instrument
  • Emerson Electric Co.
  • Endress+Hauser AG
  • Honeywell International, Inc.
  • KROHNE Messtechnik GmbH
  • Liquid Controls LLC
  • Malema Engineering Corp.
  • Rheonik Messtechnik GmbH
  • Schneider Electric
  • Siemens AG
  • Yokogawa Electric Corp.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABB
  • Azbil Corporation
  • Emerson Electric Co.
  • KROHNE Messtechnik GmbH
  • Malema Engineering Corp.
  • Schneider Electric
  • MORE
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • An Introduction to Coriolis Meters
  • Coriolis Meters Market: Current Scenario and Outlook
  • Rise in Global Energy Needs and Ensuing Demand for Coriolis Meters Shapes Market Growth
  • Global Primary Energy Consumption (Billion toe): Growth Trajectory for the Period 1990-2040
  • Global Energy Consumption (Billion ToE) by Country/Region (1995, 2017 and 2040)
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • ABB (Switzerland)
  • AW-Lake Company (USA)
  • Azbil Corporation (Japan)
  • Brooks Instrument (USA)
  • Emerson Electric Co. (USA)
  • Endress+Hauser AG (Switzerland)
  • Honeywell International, Inc. (USA)
  • KROHNE Messtechnik GmbH (Germany)
  • Liquid Controls LLC (USA)
  • Malema Engineering Corp. (USA)
  • Rheonik Messtechnik GmbH (Germany)
  • Schneider Electric (France)
  • Siemens AG (Germany)
  • Yokogawa Electric Corp. (Japan)
3. MARKET TRENDS & DRIVERS
  • Coriolis Meter: A Versatile Flow Measurement Tool for Challenging and Critical Industrial Applications
  • Inherent Operational and Technical Benefits of Coriolis Flowmeters Augment Demand in Process Industries
  • Industry Approvals Vital to Market Expansion
  • Oil & Gas Exploration Investments Support Demand for Coriolis Meters
  • Global Oil & Gas Upstream CAPEX (In US$ Billion) for the Years 2016, 2018, 2019 & 2020
  • Rise in Drilling Activities and Ensuing Need for Wellhead Flow Measurement to Spur Demand for Coriolis Flowmeters: Total Number of Wells Drilled (In Thousands) for the Years 2016-2020
  • Upswing in Deep Water Exploration Activities to Create Demand for High-Pressure Coriolis Flowmeters
  • Buttressed by Lower Drilling Costs and New Fields Scheduled to Come Online, Steady Increase in Deepwater Oil Production Bodes Well: Global Deepwater Oil Production (In Million Barrels Per Day) for the Years 2017, 2018, 2019 & 2020
  • Global Investment Growth (in %) by Supply Segment: 2019
  • Oil & Gas Industry’s Shift towards Large Diameter Pipelines Fuels Development of Larger Coriolis Flowmeters
  • Larger Capacity Coriolis Flowmeters to Address High Volume Applications
  • Increase in Oil Prices: Favorable Prospects for Coriolis Flowmeters Market
  • Spot Crude Oil Prices ($/barrel) in Select Countries for the Years 2015 through 2018
  • Average Annual OPEC Crude Oil Price (in $/barrel) for the Years 2010 through 2019
  • Growing Adoption of Coriolis Technology in Custody Transfer of Oil and Gas
  • Advantages of Coriolis Meters for Custody Transfer Applications
  • Coriolis Meters Find Use in Multi-Phase Flow Metering in Offshore Pipelines
  • High-Pressure Chemical Injection: A Prominent Application
  • Opportunities Abound for Coriolis Meters in the Natural Gas Sector
  • Led by US, Robust Production of Natural Gas Amplify Demand for Coriolis Flowmeters in Measuring Wet Gas Flows: Global Natural Gas Production (In Billion Cubic Meters) by Country for 2018
  • Reference Standards for Gas Flow Measurement
  • Coriolis Flowmeters for Gas Flow Measurement Applications: Advantages and Disadvantages
  • Coriolis Meters Best for LNG Custody Transfer Application
  • Chemicals & Petrochemicals Industry: Enabling Accurate Flow Measurements
  • Coriolis Flowmeters Enable Measurement of Liquids with Entrained Gas
  • Coriolis Meters in Food & Beverage Industry: Need for Accurate Flow MeasurementsDrives Growth
  • Innovations & Advancements Accelerate Growth in Coriolis Meters Market
  • Advances in Flowmeter Technology Spur Development of Coriolis Meters with New Generation Capabilities
  • New Diagnostic Tools Enable Real-Time Verification of Coriolis Flowmeters and Increase Efficiency in Asset Maintenance
  • Emergence of Large Line Size Coriolis Flowmeters for Bulk Fluid Transfer Applications
  • Two-Wire Devices Better Coriolis Flow Meter Functionality
  • Drawbacks of Coriolis Flowmeters to Challenge Market Growth
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

CANADA

JAPAN

CHINA

EUROPE

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION
  • Total Companies Profiled: 32
Note: Product cover images may vary from those shown
  • ABB
  • AW-Lake Company
  • Azbil Corporation
  • Brooks Instrument
  • Emerson Electric Co.
  • Endress+Hauser AG
  • Honeywell International Inc.
  • KROHNE Messtechnik GmbH
  • Liquid Controls LLC
  • Malema Engineering Corp.
  • Rheonik Messtechnik GmbH
  • Schneider Electric
  • Siemens AG
  • Yokogawa Electric Corp.
Note: Product cover images may vary from those shown
Adroll
adroll