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Coriolis Meters - Global Market Trajectory & Analytics

  • ID: 4804622
  • Report
  • May 2021
  • Region: Global
  • 486 pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • ABB
  • Azbil Corporation
  • Emerson Electric Co.
  • KROHNE Messtechnik GmbH
  • Malema Engineering Corp.
  • Schneider Electric

Global Coriolis Meters Market to Reach US$4 Billion by the Year 2027


Amid the COVID-19 crisis, the global market for Coriolis Meters estimated at US$2.1 Billion in the year 2020, is projected to reach a revised size of US$4 Billion by 2027, growing at a CAGR of 9.6% over the period 2020-2027.Liquids, one of the segments analyzed in the report, is projected to grow at a 9.4% CAGR to reach US$3.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Gas segment is readjusted to a revised 10.1% CAGR for the next 7-year period. This segment currently accounts for a 22% share of the global Coriolis Meters market.

The U.S. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a 12.7% CAGR for the Period of 2020-2027


The Coriolis Meters market in the U.S. is estimated at US$567.7 Million in the year 2020. The country currently accounts for a 27.03% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$836.2 Million in the year 2027 trailing a CAGR of 12.7% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.6% and 8.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.5% CAGR while Rest of European market (as defined in the study) will reach US$836.2 Million by the year 2027.

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.
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
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • 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
  • Exhibit 1: Global Primary Energy Consumption (Billion toe): Growth Trajectory for the Period 1990-2040
  • Exhibit 2: Global Energy Consumption (Billion ToE) by Country/Region (1995, 2017 and 2040)
  • Impact of Covid-19 and a Looming Global Recession
  • 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)
  • 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
  • Exhibit 3: Global Oil & Gas Upstream CAPEX (In US$ Billion) for the Years 2016, 2018, 2019 & 2020
  • Exhibit 4: 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
  • Exhibit 5: 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
  • Exhibit 6: 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
  • Exhibit 7: Spot Crude Oil Prices ($/barrel) in Select Countries for the Years 2015 through 2018
  • Exhibit 8: 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
  • Exhibit 9: 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
III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 38
Note: Product cover images may vary from those shown

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.
Note: Product cover images may vary from those shown
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