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Coriolis Meters - Global Market Trajectory & Analytics

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    Report

  • 486 Pages
  • July 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4804622

Global Coriolis Meters Market to Reach $2.7 Billion by 2025


A mass flow meter is a device that is used to measure the mass flow rate of a fluid or vapor/gas, travelling along a tube. Coriolis meters are designed to use the inertia produced by the flow of a gas or liquid through an oscillating tube, causing the tube to twist in line with the mass flow rate. Given the high accuracy and reliability offered, Coriolis flowmeters are emerging as a chosen flow measurement technology. Amid the COVID-19 crisis, the global market for Coriolis Meters estimated at US$2.1 Billion in the year 2022, is projected to reach a revised size of US$2.7 Billion by 2025, registering a compounded annual growth rate (CAGR) of 9.2% over the analysis period. United States represents the largest regional market for Coriolis Meters, accounting for an estimated 23.2% share of the global total. The market is projected to reach US$606.9 Million by the close of the analysis period. China is expected to spearhead growth and emerge as the fastest growing regional market with a CAGR of 12.2% over the analysis period.
Global market for Coriolis meters continues to make strong gains globally, driven primarily by the rapidly rising demand for energy across the world and the subsequent increase in planned energy projects being established in various regions, especially in emerging nations. In particular investments into oil & gas projects have been increasingly in developing regions of Asia-Pacific and Middle east, as governments look to address the escalating demand for energy, thus providing favorable outlook for Coriolis meters market. Oil & gas industry uses Coriolis meters for measuring mass flow of fluids. With production of natural and shale gas production rising constantly and investments into deep water projects increasing, the market for Coriolis meters is poised for growth. With energy demand rising, the market for Coriolis flowmeters is expected to witness strong growth in the coming years. Growing demand for energy in particular oil and natural gas is putting increased focus on flow measurement technologies, with customer transfer measurement providing significant potential for growth in the Coriolis flowmeters market. However, high cost involved in installation and calibration of Coriolis meters are the major impediments to adoption of the meters.

The United States represents a promising regional market for Coriolis meters due mainly to the discovery of vast reserves of shale gas and the subsequent rise in demand for the meters in the industry. The shale gas discoveries are also positively impacting the chemical and petrochemicals segments, thus spurring demand for Coriolis meters in the market. In Latin America, rising investments in oil & gas projects and adoption of innovation technology in the oil & gas industry are contributing to high growth in Coriolis meters market.

Select Competitors (Total 38 Featured):

  • 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.

What`s New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to the digital archives
  • Complimentary updates for one year

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • 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)
  • Coriolis Meters - Global Key Competitors Percentage Market Share in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
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 Measurements Drives 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 PERSPECTIVEIII. MARKET ANALYSIS
UNITED STATES
  • Coriolis Meters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
CANADA
JAPAN
  • Coriolis Meters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
CHINA
  • Coriolis Meters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
EUROPE
  • Coriolis Meters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
FRANCE
  • Coriolis Meters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Coriolis Meters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
UNITED KINGDOM
  • Coriolis Meters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Coriolis Meters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
AUSTRALIA
  • Coriolis Meters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)
INDIA
  • Coriolis Meters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Coriolis Meters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Coriolis Meters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Coriolis Meters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)
IV. COMPETITION
  • Total Companies Profiled: 38

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 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.