With strong oil and gas industry growth and technology industry for the gradual acceptance field devices, ultrasonic flow meter of the total global market in the next 5 years, 9.6% compound annual growth rate (CAGR) growth. A recent ARC Advisory Group report, in 2005 the market value of 275 million in 2010 to over 434 million U.S. dollars. Ultrasonic flow meter is fast developing into the field of flow measurement, especially measurement of hydrocarbon of choice. ARC report, "Prospects for the World ultrasonic flowmeter," the principal author of automation analyst Allen Avery said: "Despite the emergence of ultrasonic flow measurement technology has been for decades, and its application is very small. And as the user gradually Recognizing the many advantages of ultrasonic flow meters, including high accuracy measurement without hindrance and lower total cost of ownership, the situation will gradually change. "
In the rapid spread of oil and gas fields
Ultrasonic flowmeter market in recent years, all growth, almost all because of this product in the oil and gas sector brought about the increase in sales?? Ultrasonic flowmeter sales in this area nearly doubled compared to before. Since the promotion of transportation standards AGA9 custody, guardianship of natural gas transportation market has been basically formed. 2003 to 2005, monitoring traffic increased more than threefold, and this sector accounts for 5% of sales of ultrasonic flowmeters. Monitoring the transport of liquid hydrocarbons only API and OIML standards be promoted in the industry, ultrasonic flow meter can be popular in this area.
Ultrasonic flow meter with high accuracy and low total cost of ownership
Either technically or from an economic point of view, ultrasonic measuring instruments are ideal for flow measurement. By multi-beam and digital signal processing, ultrasonic measuring instrument can achieve very high measurement accuracy. And different from the conventional turbine meter, which has no moving components, so almost no maintenance. Moreover, it will not stop or slow down the pipeline gas or liquid flow. It can accurately measure the liquid petroleum gas products, broadband, and without that, as proven mechanical technologies. High sensitivity so that it can detect any leakage in the pipeline, and can add a variety of measurements and monitoring the field of transport will affect the accuracy of the measurement variables.
The largest growth markets in Asia and the Middle East
Ultrasonic flowmeter in Asia and the Middle East will be the biggest growth. China and India will be in infrastructure and large-scale investment in new factories. China's energy shortages, in order to find the energy to promote rapid economic development will be its oil and gas infrastructure to transform, and connect the oil business in Russia and other parts of the pipeline. And because the Middle East oil and gas production in the position, the region will continue to be fertile ground for ultrasonic flow meter suppliers. This region will in a few large-scale power generation and desalination plant on the investment. In contrast, the growth of the North American market is relatively flat, but because of the region in the oil and gas infrastructure and industrial automation investment, the North American market will still have considerable growth.
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