– September 2014
Update on Flow, Temperature, Level, and Pressure Measurement from Flow Research
Editor: Dr. Jesse Yoder; Volume 15, Number 2 - ISSN 1350-7204
1. The legend of the money tree and what we can
learn from it
Flow Research, we have many plants in our office.
We find that they help provide a healthy environment.
Many of them are Pothos plants, which fill the air with their long
vines of beautiful, variegated leaves.
We also have a number of Jade plants, and several Zamioculcas
Zamifolia (ZZ) plants with large, arching stems of shiny leaves.
One of the most fortunate purchases was our money tree plant (Pachira
aquatica), with tropical-looking palmate leaves.
From its start as a small plant, we have enjoyed watching its
robust development. We were
aware of some of the tradition surrounding this marvelous plant, but were
not fully aware of its true beauty and power until it had grown into our
largest office plant. Then we
discovered that there is a legend associated with the money tree plant.
According to this legend:
|One day a poor, hardworking farmer discovered a completely unique
plant in his fields. He
decided to dig it up and bring it home.
At home, he found that the plant was very resilient and grew with
little care. He decided to use
the plant as a model and be resilient and not to give up on his dreams.
He took the seeds from the plant and used them to grow more money
trees, which he sold. Eventually,
he became a great entrepreneur.
Flow Research, our dream is to provide you with market studies you want
that help you with your strategic planning.
We have been resilient and hardworking in achieving this dream.
Last fall we asked you what studies you would like us to do.
We listened to what you said, and planned our 2014 and 2015
schedule around your votes. Your
votes became the seeds for our study planning for the future.
Now our business is growing faster than our money tree plant.
We have put you, our best customers, in the driver’s seat when it
comes to choosing study topics. And
once we have the topics, we take it from there to create accurate and
comprehensive yet beautiful studies that are rich in colorful charts and
meaningful data. In this way,
our studies resemble our money tree plant. — Jesse Yoder, President,
2. New Volume X – You
will love this study!
latest study, released in August, is one of the most comprehensive studies
ever published of the worldwide flowmeter market.
This study is called Volume
X: The World Market for Flowmeters, 5th Edition.
At 724 pages, this All-in-One
Study tells you 2013 market
size and market shares, and forecasts through 2018 for all flowmeter
types used in process environments. What’s
more, you can have this study at your desk as early as today if you like.
in January 2014, we began sending out over 400 questionnaires to all known
suppliers of every flow technology. The
questionnaire asked for geographic distribution and revenue information,
along with industries, applications, fluid types, and projected growth from
the base year of 2013. We
have analyzed the results and written a complete study of the worldwide
the 5th edition of our study, which was first published in
2003. At that time, the
worldwide flowmeter market was $3.1 billion.
The market has grown substantially since that time, and we’ve
been there to document its growth every step of the way.
The All-in-One Volume X
gives the flowmeter market for each flowmeter type worldwide and by region
in 2013. It makes it easy to
compare market size, market shares, and growth rates for all types of
flowmeters. We use the
bottom-up method of determining market size for each flowmeter type, and
then put these numbers together for the worldwide picture.
This is the only way to get a reliable picture of the world
flowmeter market and to find out how the different flowmeter types compare
with each other.
Market size in 2013 of the worldwide market by flowmeter
type in dollars and units
Market size forecasts by flowmeter type through 2018 in
dollars and units
Market shares for each flowmeter type in 2013
Both worldwide and regional market size and forecast data
Growth factors and market trends for all flowmeter
A technology description and analysis for each flowmeter
type, including major competitive strengths and weaknesses
A product line analysis for the major manufacturers of each
Company profiles with product information for easy
includes the following New-Technology flowmeter markets: Coriolis,
magnetic, ultrasonic, vortex, and thermal. It
includes these Traditional Technology flowmeter markets: differential
pressure, primary elements, positive displacement, turbine, open channel,
and variable area. Sonar and
optical are the Emerging Technologies covered.
addition to Volume X, we are publishing a companion volume called Module
A: Strategies, Industries, and Applications.
This popular volume gives segmentation by industry and application
for each flow technology. It
also discusses the underlying growth factors and driving forces behind the
different industries and applications. The
strategies section shows you how to get an edge in a competitive market.
complete information, visit http://www.flowvolumex.com.
3. New edition of pressure
transmitters market study to be released soon
Research is working on The World Market for Pressure
Transmitters, 4th Edition, which will be published in
the next several weeks. The 3rd
Edition of this study, published in August 2011, observed that pressure
transmitter revenues had grown substantially during the previous five
years. Further, it was noted
that the total size of the worldwide pressure transmitter market was nearly
half the size of the worldwide flowmeter market in terms of revenues.
We believe this market is strong and will continue to hold its own
in the instrumentation world.
The World Market for Pressure Transmitters, 4th Edition
will give you the up-to-date view of this market with information you need
to assess your business opportunities.
The study will:
Determine the size of the pressure transmitter market in
2013, worldwide and by nine geographic regions –
, and now
are all covered separately
Include thorough segmentation by types
Forecast market growth for all types of pressure
transmitters through 2018
Determine worldwide 2013 market shares for major suppliers
of pressure transmitters
Identify factors affecting market growth
Identify industries and applications where pressure
transmitters are used, and to focus especially upon high growth areas
Analyze products of the main companies selling into the
pressure transmitter market
Profile main pressure transmitter suppliers
Offer strategies to manufacturers for selling into the
pressure transmitter market
information, please visit http://www.pressureresearch.com
or contact us directly.
4. Key trends in pressure
pressure transmitter market has grown substantially in the past several
years. While multivariable and
DP flow transmitters compete with other flow technologies, there is no
corresponding competition for absolute and gauge pressure transmitters. Here
are some of the top trends in this market:
Multivariable Transmitters with Integrated Flow Element
trends were excerpted from a Flow Research article called Pressure
Transmitter Perspectives: Technology trends, application scenarios &
market insights, August 2014. For
the full article, please visit: http://www.flowresearch.com/articles.htm
information on Flow Research’s findings on pressure transmitters, please
and, of course, feel welcome to contact us directly.
5. Emerson Opens New Flow
; June, 24, 2014 — Emerson Process Management is continuing its
commitment to serving customers’ needs with the opening of a flow loop
facility for Roxar technologies in
. The new facility will
increase production capacity and drive future developments in multiphase
meters, enabling oil and gas operators to access continuous well and flow
rate information and derive maximum reservoir performance from their
multiphase meters and production data.
facility is designed to replicate three-phase flows in oil and gas
production and will play a key role in ensuring that Emerson continues to
support its oil and gas customers by delivering reliable and accurate
topside and subsea flow meters that operate across all reservoir
conditions over the lifetime of a well.
The 200 m²
flow loop facility will also increase capacity to run Factory Acceptance
Tests (FAT) without relying on third party facilities, thereby improving
delivery times. The new
facility is also an important tool for research and development, enabling
easy access for the testing of both existing and new technologies and
loop facility mixes diesel, salted tap water and nitrogen to imitate the
multiphase flow coming out of oil and gas production wells. Emerson’s
Micro Motion® ELITE® Coriolis meters provide
reference measurements and Emerson’s DeltaV™ distributed control
system is used to control and operate the flow loop and log data from the
reference instrumentation and the multiphase meters being tested.
facility is part of Emerson’s global investment in flow measurement
technology facilities and services and adds to the existing flow
manufacturing and service network, including facilities in the
, the UAE,
quarterly updates on all the flowmeter technologies, see our Market
Barometer at http://www.worldflow.com.
6. As fracking methods
evolve, prices go up
method of fracking to extract oil or gas from subterranean rock demands
sand. This year almost 95
billion pounds of sand are predicted to be used by frackers – an
increase of 30% from last year. To
frack a single well can require as much as four million pounds of sand but
companies are testing out the idea that even more sand could yield even
more oil and gas. Experimentation
by companies such as Pioneer Natural Resources Inc. is suggesting that
yield could increase by as much as 30% with more sand.
miners, this is a wonderful development. U.S.
Silica Holdings Inc., for instance, is quickly taking advantage of the
situation: It has raised
prices for much of its sand and is planning to raise the price of the
finer grades of sand by 10% to 20%. A
quantity of this will find its way to oil producers. U.S.
Silica predicts that demand for sand will exceed supply by as much as 25%
are among sources of what is considered the ‘best sand’ – called
Northern White. This sand is a
round crystal that withstands extreme heat and pressure underground. However,
a spokesman for U.S. Silica, Michael Lawson, pointed out, “Northern
White is in short supply, so people are using basically whatever they can
get their hands on to complete their wells.”
need is so intense, that oil companies are ‘making due’ with lower
quality sand, such as the brown sand found in states such as Texas and
Sands plans to use new and expanded mines to swell sand production.
However, despite the boom for sand miners, there is one problem: As
Chief Executive Michael O’Neill noted, it is becoming difficult to get
hold of enough railcars to transport sand from the mines to the oil
fields. To take full advantage
of the steadily growing demand from frackers, Preferred Sands is being
backed by KKR & Co, a private equity firm. KKR
and Preferred Sands are looking at $680 million in debt and equity to
restructure Preferred Sands’ balance sheet. KKR’s
Jamie Weinstein (co-head of their special solutions team) says, “We
believe the Incremental demand for sand over time is only going to
quarterly updates on the oil & gas, refining, and power &
renewables industries, see our Energy Monitor at http://www.worldflow.com.
7. New edition of
vortex flowmeter market study in the works
Research is working on The World Market for Vortex
Flowmeters, 5th Edition, projected for publication in
the vortex flowmeter market has historically been relatively slow.
However, while the vortex flowmeter market is smaller than
ultrasonic, Coriolis, or magnetic flowmeters in terms of market size, user
interviews show that interest in vortex flowmeters remains strong for
a combination of reasons. More
suppliers have entered this market over the years.
There have been enhancements in vortex meter technology to improve
accuracy, reliability, and address issues of vibration.
Another significant event was that
vortex flowmeters finally received the approval of the American Petroleum
Institute (API) for use in custody-transfer applications in January 2007. Custody
transfer is a critical flowmeter application and an area with market
growth potential. For both
ultrasonic and Coriolis flowmeters, approvals in the form of standards for
their use in custody transfer have been significant market growth factors.
believe that this is an optimal time, and a number of suppliers have
expressed interest, for us to take a fresh look at how these factors and
others have affected the vortex flowmeter market.
The World Market for Vortex Flowmeters, 5th Edition will
include worldwide market size and market shares for all vortex flowmeters
in 2013, market growth forecast through 2018, industries and applications
where vortex flowmeters are used, and main supplier profiles and product
study addresses the following key issues in the vortex flowmeter market:
The factors causing the market to grow
Growth in the use of multivariable flowmeters
The effects of the API’s adoption of a custody transfer
standard on vortex sales
The use of vortex flowmeters in district heating
The increased number of suppliers in the vortex flowmeter
Line sizes for vortex flowmeter applications
The use of vortex flowmeters in steam applications
The importance of reducer vortex flowmeters
New product and technology developments
Growth strategies for vortex flowmeter suppliers
meters are the most versatile type of meter—they can readily measure
liquid, gas, and steam flow. Other
new-technology meters, such as ultrasonic and Coriolis, can readily
measure liquids and gases, but have difficulty with steam. Thermal
meters are used almost exclusively for gas flow, while magnetic flowmeters
excel at measuring liquids, but cannot measure steam or gas flow. Vortex
meters are the only new-technology meter that readily measures all three
flowmeters are well suited for measuring steam flow, in particular, and
they are widely used for this purpose. Steam
is the most difficult fluid to measure due to its high pressure and high
temperature, and because the measurement parameters vary with the type of
steam. Main types of steam
include wet steam, saturated steam, and superheated steam.
addition to their ability to tolerate high process temperatures and
pressures, vortex meters have wide rangeability. This allows them to
measure steam flow at varying velocities.
information, please visit http://www.flowvortex.com,
or contact us directly.
8. Oil Prices Rise
as World Walks a Tightrope of Supply and Demand
supply and demand worldwide are very closely matched, though supply
exceeds demand by a small amount. As
a result, a major disruption in supply can upset the balance and move it
closer to even. This close
balance means that the world is walking a tightrope of supply and demand.
is towards greater demand with flat to declining supplies.
Some major oil fields such as those in
are producing significantly less than they once did. So
it could happen that worldwide demand will exceed available supply in the
foreseeable future. At that
point, the difference has to be made up by reducing demand, increasing
supply, or by drawing on available reserves.
These reserves are, in many cases, intended for emergency
situations, not to make up a fundamental imbalance between supply and
the advanced economies of the world depend on having an adequate oil
supply. But the supply-demand
balance has an impact on oil prices. As
oil prices rise, these economies may suffer.
This is one of many reasons why there is such a push now to
discover new sources of oil.
Middle East is the world region with the largest supply of oil, and
is the country that is blessed with the most oil.
Other major sources of oil include
of oil is normally measured in terms of the price of a barrel of crude oil
which contains 42 gallons. But
there is not a single price of oil. Instead,
there are many different types of oil, and they are differently priced.
Oils are classified both as to their origin, and according to
whether they are light and sweet or heavy and sour.
Heavy, sour crude oils have a high sulfur content and are more
expensive to refine. Certain
crude oils have become ‘benchmarks’ for the price of oil as a whole. These
include West Texas intermediate (WTI) Crude Oil (
), Brent crude oil (Europe and Africa), and
crude oil (
a complete analysis of the worldwide oil market, including high-producing
regions and countries, along with an analysis of the worldwide flowmeter
market, see our 6-volume series called The
World market for Oil and Oil Flow Measurement.
This series of studies is over 2,800 pages long, and includes oil
production, reserve, consumption, import, and export figures by region and
for many oil-producing countries. It
also provides data on flowmeters used for oil flow measurement by
see Pipeline and Gas Journal, August 2014 for a major article on the oil
9. Introducing the
Multi-Tech flowmeter classification
is a term that is short for multiple technology. Multi-tech
flowmeters have been around for many years, but have never been recognized
as a class of meter. Multi-tech
meters are ones that either use multiple technologies to make a flow
measurement or in conjunction with a flow measurement, or meters that have
a design that is used with multiple flow technologies to measure flow.
So, it could be said, multi-tech flowmeters are those that either:
1. Use one or more technologies in addition to their flowmeter principle
of operation; or 2. Are cross-technology flowmeters.
multi-tech flowmeters use other technologies in addition to their
flowmeter operating principle. For
example, multivariable flowmeters use pressure and/or temperature sensors
to help determine the density of the fluid.
They then compute fluid density in light of the actual process
conditions. These meters use
the density measurement together with a volumetric flow measurement to
determine mass flow. Mass flow
controllers use either a thermal or differential-pressure method to
compute mass flow and add a control valve to control the flow. Mass
flow controllers, which can be considered a type of flowmeter with a
control function, are another type of multi-tech flowmeter.
type of multi-tech flowmeter makes use of a flowmeter technique or design
that works with multiple flow technologies. Examples
of these types are insertion, battery-operated, and wireless flowmeters. All
of these meter types have a certain technique or method in common, and
they can be used with more than one type of flowmeter.
The insertion method can be used with vortex, thermal, magnetic,
ultrasonic, and with other types of flowmeters.
Battery-operated flowmeters are used when flowmeters are placed in
remote locations, and when portability is desired. Wireless
flowmeters are used to reduce wiring, installation, and maintenance costs.
These meters are called cross-technology multi-tech meters.
DP flowmeters rely
on a multivariable DP transmitter that typically incorporates both
temperature and pressure sensors.
Vortex meters combine a volumetric flow measurement with temperature
and/or pressure sensors to compute mass flow.
use a control valve to control the flow as well as measure it, although
some are shipped without a control valve.
so-called because the sensor is inserted into a pipe, usually through a
hole that is drilled into the pipe. Some different types of insertion
flowmeters include magnetic, ultrasonic, turbine, vortex, and thermal.
& Wireless Flowmeters:
Battery-operated flowmeters are used when flowmeters are placed in remote
locations, and when portability is desired. Wireless flowmeters are used
to reduce wiring, installation, and maintenance costs. These meters are
called cross-technology multi-tech meters.
Upcoming studies from Flow Research
Planning your study needs
World Market for Magnetic Flowmeters, 5th Edition (514 pages)
– January 2014 – Published!
World Market for Pressure Transmitters, 4th Edition – Q3 2014
World Market for Vortex Flowmeters, 5th Edition – Q3 2014
X: The World Market for Flowmeters, 5th Edition (724 pages)
– August 2014 – Published!
Volume X: Module A: Strategies, Industries, and Applications
– Q3 2014
World Market for Natural Gas and Gas Flow Measurement, 3rd
Edition – Q4 2014, Q2 2015 — The studies in this series are:
Core Study: The
World Market for Gas Flow Measurement – Q4 2014
Module A: Regional
Gas Flowmeter and Natural Gas Markets Worldwide – Q2 2015
Module B: Gas
Producers in Mideast/Africa – Q2 2015
Module C: The
World Market for Custody Transfer of Gas – Q4 2014
Strategies, Industries and Applications – Q4 2014
Module E: The
World Market for Multiphase Flowmeters, 2nd Edition – Q1 2015
Module F: The
World Market for Liquefied Natural Gas (LNG) – Q2 2015
World Market for DP Flow Transmitters, 2nd Edition – Q4 2014
World Market for Primary Elements, 2nd Edition – Q4 2014
World Market for Flow Calibration Facilities – Q1 2015
World Market for Level Measurement Devices – Q2–Q3 2015 —
Studies in this series:
The World Market for New-Technology Level Devices – Q2 2015
Module A: The
World Market for Traditional and Emerging Level Devices – Q3 2015
Strategies, Industries, Applications, and End-User Perspectives – Q3
Worldwide Level Devices Market View – Q3 2015
information on all Flow Research studies, visit http://www.flowstudies.com.
It lists our studies by category and provides direct links to pages for
the latest editions, where you will find a synopsis, or you can click a
link for the overview with full details.
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