Demand Shortfall to Blur with Launch of COVID-19 Vaccines
Manufacturers of process instrumentation and measurement solutions are struggling financially to meet the demands of clients during the COVID-19 (coronavirus) pandemic. They are increasing efforts to continuously monitor and follow recommendations of global and local health authorities. Companies in the variable area flowmeters market are increasing efforts to adopt contingency plans and meet mission critical applications of clients.
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Companies in the variable area flowmeters market are focusing on essential industries, such as F&B, power, and oil & gas industries to keep economies running during the COVID-19 era. In order to abide by social distancing norms, companies are remotely available to serve their clients via email and mobile devices. The potential COVID-19 vaccines are predicted to revive market growth and meet the demand for products.
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Electromagnetic Flowmeters Prove Game Changer for Measurement of Abrasive Liquids
The variable area flowmeters market is expected to surge at a CAGR of 5% during the forecast period. However, there is lack of products that comply with challenging applications of oxidizing and reducing agents. Thus, Titan Enterprises’ OG series flowmeters are gaining increased popularity for their reliable design and Hastelloy C choice of material to withstand corrosive fluid handling and other harsh environments.
Electromagnetic flowmeters are gaining popularity in pharmaceutical, mining, and water management industries, among others, in the variable area flowmeters market. ISOIL Industria— a provider of systems and instrumentation for the measurement, is expanding its business with electromagnetic flowmeters that are suitable for measurement of abrasive liquids, sand mixtures, suspended solids, and the likes.
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Low Cost of Operation Preferred by Users in Fluid Power Industry
Manufacturers in the variable area flowmeters market are increasing efforts to develop products that are high performance and deploy low cost of operation. For instance, Badger Meter— a manufacturer of metering products using flow measurement and control technologies, is increasing its marketing capabilities to acquire visibility for its variable area flowmeters that are designed for easy installation and require minimum maintenance.
The quick visual flow indication on an easy to read linear scale is being highly preferred by end users. Hence, manufacturers are developing systems with meters that are suitable to monitor a wide range of liquids, fluids, and emulsions. This indicates why the variable area flowmeters market is projected to surpass the valuation of US$ 430 Mn by the end of 2030.
Different Installation Styles with Acrylic Flowmeters Create Business Opportunities
Different styles of flowmeters for inline, panel mount, and closed pipe installations are being incorporated in systems by manufacturers in the variable area flowmeters market. Blue-White Industries— a manufacturer of chemical metering pumps and flowmeters, is increasing its product portfolio in acrylic variable area flowmeters that are available for different installation styles and with a broad range of flow rates.
Companies in the variable area flowmeters market are boosting their output capacities in polysulfone flowmeters made with durable meter bodies that offer unmatched heat and chemical resistance. They are manufacturing products that are suitable for phosphate esters, compressed gases, and water-based liquids.
Digital Flowmeters Eliminate Need of Electric Connections
Manufacturers in the variable area flowmeters market are establishing stable revenue streams in power and chemical applications. They are increasing efforts to unlock revenue opportunities in petrochemical, aerospace, and military applications to broaden the income sources. High-quality and reliable flow instrumentation is being preferred by clients in the pulp & paper and water & wastewater treatment industries.
Suppliers are stocking products from different companies such as Dwyer, Kytola, and KROHNE in order to gain recognition as representatives of authorized distributors and manufacturers. As such, digital variable area flowmeters are being highly publicized for their advantageous high sensitive magnetic field detection sensor technology. Digital flowmeters are eliminating the need of electrical connections since they operate on battery.
Variable Area Flowmeters Market: Overview
According to Transparency Market Research’s latest research report on the global variable area flowmeters market for the historical period 2017–2018 and the forecast period 2024–2030, increase in the demand for variable area flowmeters and rise in applications of variable area flowmeters in various industries are key factors that are expected to boost the global variable area flowmeters market during the forecast period
In terms of revenue, the global variable area flowmeters market is estimated to cross the value of US$ 430 Mn by 2030, expanding at a CAGR of 5% during the forecast period
Increase in Demand for Variable Area Flowmeters: A Key Driver
Numerous benefits offered by variable area flowmeters are increasing their demand as compared to that for other similar devices. For instance, in order to monitor the rate at which gases or liquids flow, variable area flowmeters are used. These meters measure flow in a cross-sectional area and make changes in response to the flow.
Variable area flowmeter is simple to operate, and preferred for its efficiency in measuring both liquid and gas applications. Additionally, no tubing run are required for variable area flowmeters. The end caps located on flowmeters can be removed easily and cleaned as needed.
Thus, increase in the demand for variable area flowmeters is expected to drive the global variable area flowmeters market during the forecast period. This driver is expected to have a high impact on the global variable area flowmeters market during the forecast period.
Integration of Advanced Technologies: A Key Driver
Manufacturers are supplying variable area flowmeters to various industries due to increasing applications of these flowmeters. Different industries in the market are choosing the most compatible materials for them.
For instance, glass tube variable area flowmeters are cost-effective and maximize process uptime at wastewater treatment plants. These flowmeters are utilized in pollution monitoring and control equipment, including fume scrubbers, RO water systems, and filtration systems.
Installation of the correct flowmeter is a vital part of chemical processing and choosing the wrong product could lead to losses
In the oil & gas industry, measuring low volume under high pressure under all environmental conditions is important; for instance, on offshore platforms. Extensive applications of variable area flowmeters in diverse industries are expected to propel the global variable area flowmeters market.
Lack of Compatibility with Non-conductive Liquids Hampering Variable Area Flowmeters Market
Vertical installation of the flowmeter requires that the tube be mounted vertically, which makes installation difficult at desired places. This is a common issue that is likely to hamper the global market.
Readings are usually taken visually and the float tends to move around; hence, accuracy is only moderate. This is further hampered by parallax error at higher flowrates, as the float is some distance away from the scale.
Another issue related to the variable area flowmeter is its reliability, owing to the transparent nature of taper tube operations. Moreover, these flowmeters also limit the pressure and temperature. Thus, these factors are projected to have a moderately negative impact on the global variable area flowmeters market during the forecast period.
Variable Area Flowmeters Market: Competition Landscape
Detailed profiles of providers of variable area flowmeters have been provided in the report to evaluate their financials, key product offerings, recent developments, and strategies
Key players operating in the global variable area flowmeters market are
ABB Ltd.
Emerson Electric Co.
Honeywell International Inc.
KROHNE Messtechnik GmbH
Omega Engineering Inc.
Omega Engineering Inc.
Siemens AG
Yokogawa Electric Corporation
Brooks Instruments
AW-Lake
Elettrotec Srl
Tecfluid S.A.
Riels Instruments S.R.L.
Variable Area Flowmeters Market: Key Developments
Key providers of variable area flowmeters, such as Siemens AG, Tecfluid S.A., and ABB Limited are focusing on the construction of cost-effective variable area flowmeters in order to attract more customers.
Some other key developments in the global variable area flowmeters market have been highlighted below:
In October 2019, Techfluid S.A. launched fully customized variable area flowmeters with special PVC reduction cones. The company aims to fulfill customer demand and also expand its product portfolio.
In December 2017, Brooks Instrument introduced a new QuickShip fulfilment program for the company’s widely used variable area (VA) flow meter products such as including Sho-Rate 1250/1255 glass tube VA flowmeters, 2500 series acrylic tube, and 3000 series polycarbonate tube VA flowmeters
In the global variable area flowmeters market report, we have discussed individual strategies, followed by company profiles of providers of variable area flowmeters systems. The ‘Competition Landscape’ section has been included in the report to provide readers with a dashboard view and company market share analysis of key players operating in the global variable area flowmeters market.
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