Development trend of ultrasonic flowmeter in the future market

 With the strong growth of the oil and gas industry and the industry's gradual acceptance of field equipment technology, the global market for ultrasonic flowmeters will grow at a compound annual growth rate of 9.6% over the next five years (CAGR).

In the field of oil and gas quickly

In recent years, the growth of the ultrasonic flowmeter market has been almost due to the increase in sales of the product in the oil and gas sector. Ultrasonic flowmeter sales in this area nearly doubled than before. As the AGA9 custody transport standards to promote the natural gas monitoring and transportation market has been basically formed. Between 2003 and 2005, custody traffic increased more than threefold, which accounted for 5% of the sales of ultrasonic flowmeter. API and OIML standards for liquid hydrocarbon monitoring are promoted in the industry, and ultrasonic flowmeters are available in this area.

Ultrasonic flowmeter with high accuracy and low cost

Whether from the technical or economic point of view, ultrasonic measuring instruments are ideal for flow measurement. Through multi-beam and digital signal processing technology, ultrasonic measuring instrument can achieve high measurement accuracy. Unlike traditional turbo meters, it does not move the components, so there is little need for repair. Moreover, it will not block or slow down the flow of gas or liquid in the pipeline. It can accurately measure the liquid gas products, broadband, without the need for mechanical technology as verified. High sensitivity allows it to detect any leaks in the pipe and can measure and supplement variables that can affect the measurement accuracy in the field of surveillance.

Asia and the Middle East market grew the most

Asia and the Middle East, the growth rate of ultrasonic flowmeter will be the largest. China and India will invest heavily in infrastructure and new plants. China's lack of energy, in order to find energy to promote the rapid development of the economy, will be its oil and gas infrastructure transformation, and the establishment of connections to Russia and other regional oil supplier pipeline. Because the Middle East has an important place in oil and gas production, the region is still fertile ground for suppliers of ultrasonic flowmeter. The area will also invest in several large power generation and desalination plants. In contrast, the growth in the North American market is relatively flat, but the North American market is also growing due to the region's investment in oil and gas infrastructure and industrial automation.