Flow Research, Inc.

27 Water Street

Wakefield, MA  01880

(781) 245-3200

(781) 224-7552 (fax)

www.flowresearch.com                                                                          

Volume X: An Overview

Flow Research has completed a new market study on the worldwide flowmeter market.  The primary goal was to determine the size of the worldwide flowmeter market in 2007.  In addition, forecasts through 2012 are included.  The study is called The World Market for Flowmeters, 2^nd Edition.

The study has multiple purposes:

·        To determine worldwide market size and market shares for all types of flowmeters in 2007

·        To forecast market growth for all types of flowmeters through 2012

·        To determine the breakout of liquid, gas, and steam for individual flow technologies

·        To provide a product analysis for the main companies selling into the flowmeter market

·        To provide strategies to manufacturers for selling into the flowmeter market

·        To provide company profiles of the main suppliers of flowmeters.

One main goal of this study is to determine the size of the flowmeter market worldwide in 2007.  We will approach this subject from the bottom up by analyzing the market size for each type of flowmeter, and then totaling these into the size of the entire flowmeter market. 

This study divides the flowmeter market by technology into three types:

• New-Technology Flowmeters

• Traditional Technology Flowmeters

• Emerging Technology Flowmeters

Background of Study

The worldwide flowmeter market has changed substantially since the first edition of this study was published in 2003.  While 2003 was a down year for many companies, the flowmeter market began improving in the fourth quarter of that year.  The last three years, 2004, 2005, and 2006, have been years of significant growth for the worldwide flowmeter market.  Growth in the energy markets and demand for instrumentation from China and India are some of the reasons for this growth.  In addition, suppliers have released a steady stream of new products, especially for new-technology flowmeters.  It is time to take a new look at the worldwide flowmeter market in 2007, to determine the amount of growth that has occurred, and to see how the different technologies stack up against each other.

Rationale for Study

Since completing our first worldwide flowmeter market study in 2003, we have been following this market very closely.  Many developments have been described in our quarterly report, the Market Barometer. Each issue of the Market Barometer includes an update on the market for each type of flowmeter. This new study builds on the knowledge we have gained over the years, since the 2003 edition, but it is a completely new look at this market. For more information on the Market Barometer, go to www.worldflow.com. 

Key Issues Addressed

This study will address the key issues in the worldwide flowmeter market, including:

• Growth in the ultrasonic flowmeter market, especially the market for custody transfer of natural gas

• Continued growth in the Coriolis flowmeter market

• Comparison of the DP flowmeter and primary elements market to other flow markets

• The impact of the expanding oil & gas and energy industries on the flowmeter market

• The effect of growth in China, India, and other developing countries on the worldwide flowmeter market

• Continued expansion of the magnetic and vortex flowmeter markets

• The impact of new-technology flowmeters on the positive displacement and turbine flowmeter markets

• Mergers and acquisitions in the worldwide flowmeter market

• The impact of new standards, such as the new American Petroleum Institute (API) standard for vortex flowmeters used in custody transfer

Segmentation

The segmentation for this study is as follows.

Geographic Segmentation:

·        North America

·        Europe, including Central Europe and FSU

·        Japan

·        Asia without Japan

·        Rest of World (Latin America, Africa, Middle East)

New-Technology Flowmeters

Coriolis Flowmeters

·           Product Analysis

·           Geographic Breakout Worldwide

·           Market Size in Dollars and Units

·           Bent Tube vs. Straight Tube

·           Liquid, Steam, and Gas

·           Market Shares

Magnetic Flowmeters

·           Product Analysis

·           Geographic Breakout Worldwide

·           Market Size in Dollars and Units

·           Wafer, Flanged, and Insertion

·           Market Shares

Ultrasonic Flowmeters

·           Product Analysis

·           Geographic Breakout Worldwide

·           Market Size in Dollars and Units

·           Transit Time, Doppler, and Hybrid

·           Liquid, Steam, and Gas

·           Market Shares

Vortex Flowmeters

·           Product Analysis

·           Geographic Breakout Worldwide

·           Market Size in Dollars and Units

·           Multivariable, Smart, and Conventional

·           Liquid, Steam, and Gas

·           Market Shares

Thermal Flowmeters

·           Product Analysis

·           Geographic Breakout Worldwide

·           Market Size in Dollars and Units

·           Liquid and Gas

·           Market Shares

Traditional Technology Flowmeters

DP Flow and Primary Elements

·           Product Analysis

·           Geographic Breakout Worldwide

·           Market Size in Dollars and Units

·           DP Flow Transmitters and Primary Elements

·           Liquid, Steam, and Gas

·           Market Shares

Positive Displacement Flowmeters

·           Product Analysis

·           Geographic Breakout Worldwide

·           Market Size in Dollars and Units

·           Water, Gas, Oil, Industrial Liquids

·           Market Shares

Turbine Flowmeters

·           Product Analysis

·           Geographic Breakout Worldwide

·           Market Size in Dollars and Units

·           Water, Gas, Oil, Industrial Liquids, Steam

·           Market Shares

Open Channel Flowmeters

·           Product Analysis

·           Geographic Breakout Worldwide

·           Market Size in Dollars and Units

·           Market Shares

Variable Area Flowmeters

·           Product Analysis

·           Geographic Breakout Worldwide

·           Market Size in Dollars and Units

·           Liquid, Gas, and Steam

·           Market Shares

Target Flowmeters

·           Product Analysis

·           Geographic Breakout Worldwide

·           Market Size in Dollars and Units

·           Liquid, Gas, and Steam

·           Market Shares

Emerging Technology Flowmeters

Sonar Flowmeters

Optical Flowmeters

Strategies

Company Profiles

Publication Date

This study was published in April 2008.

Founding Sponsorship

Background

Dr. Jesse Yoder is President of Flow Research Inc., a company he founded in 1998.  Dr. Yoder has 20 years’ experience as a writer and analyst in process control and instrumentation.  Since 1990, he has written more than 100 market research studies, most of them in the area of flow and instrumentation.  Some of the recent and currently scheduled Flow Research studies are as follows:

Volume I: The World Market for Coriolis Flowmeters, 3^rd Edition  (2008)

Volume II: The Global Market for Magnetic Flowmeters, 3^rd Edition  (September 2005)

Volume III: The World Market for Ultrasonic Flowmeters, 3^rd Edition  (January 2008)

Volume IV: The World Market for Vortex Flowmeters, 3^rd Edition  (March 2006)

Volume V: The World Market for DP Flowmeters and Primary Elements  (January 2007)

Volume VI: Worldwide Survey of Flowmeter Users, 2^nd Edition  (January 2006)

Volume VII: The World Market for Positive Displacement Flowmeters  (2002)

Volume VIII: The World Market for Turbine Flowmeters  (2002)

Volume IX: The World Market for Pressure Transmitters, 2^nd Edition (October 2007)

Volume X: The World Market for Flowmeters (includes all flow technologies)  (April, 2008)

Volume XI: The World Market for Gas Flow Measurement  (September 2004)

Volume XII: The World Market for Steam Flow Measurement (March 2008)

Volume XIII: The World Market for Mass Flow Controllers (Jume 2008)

The Market for Temperature Sensors in the Americas, 2^nd Edition  (May 2006)

The Market for Temperature Transmitters in the Americas, 2^nd Edition  (November 2006)

These studies are described at http://www.flowresearch.com/flow.htm

Dr. Yoder has also written more than 70 articles on flow and instrumentation for trade journals.  Links to many of these can be found at http://www.flowresearch.com/articles.htm.

Norm Weeks, Market Analyst, joined Flow Research in November 2004 after a 24-year stint with Verizon.  At Verizon, Norm specialized in creating innovative customer solutions, product management, and product marketing.  He is now a fulltime market analyst for Flow Research, and has already completed several studies. 

Belinda Burum, Vice President and Editor, has worked in high tech for 16 years as a technical writer and marketing communications manager.  She joined the company in 2002, and has since then worked on many projects.  She is a very talented writer, and has a strong customer focus.  In addition to her work on market studies, Belinda is serving as associate editor of the Market Barometer and the Energy Monitor.

Besides writing and publishing studies of this type, Flow Research specializes in user surveys that include a detailed analysis of customer perceptions.  In addition, Flow Research provides quarterly updates on the flow and energy industries in the Market Barometer and the Energy Monitor.  The Energy Monitor analyzes the current state of the oil & gas, refining, power, and renewables industries, and the implications for instrumentation supplier.  Both reports are part of the Worldflow Monitoring Service; more details are available at www.worldflow.com. For more information on Flow Research, please visit our website at www.flowresearch.com.

Flow Research, Inc.

27 Water Street

Wakefield, MA  01880

(781) 245-3200

(781) 224-7552 (fax)

www.flowresearch.com  

The Flow Research Founding Sponsor Program

To produce studies that most closely match our clients’ needs, Flow Research instituted the Founding Sponsor Program.  This program enables companies who wish to participate at a high level in a study’s research to influence its scope and segmentation.  In addition, Founding Sponsors receive regular updates from Flow Research on study progress, and receive a significant discount on the standard retail of the study.

Procedure: Early in the planning phase of a study, Founding Sponsors receive a proposal that includes the proposed segmentation.  Founding Sponsors can propose additional segmentation, and can also suggest changes to the proposed segmentation.  While the decision to adopt particular segmentation ultimately lies with Flow Research, and is based on input from all contributors, we will do our best to accommodate the specific needs of each of our clients.

During the research phase of a study, Flow Research will issue regular reports that provide updates on the progress of the research.  These reports will be sent to Founding Sponsors, who are then invited to provide any additional input or comments into the study.

Being a Founding Sponsor requires making an early commitment to purchase the study.  However, in return, Founding Sponsors receive a significant discount off the regular price of the study.  Payment can be made either in one amount at the beginning of the study, or split into two, with the second payment due upon delivery of the study.

For additional details, or to find out how the Founding Sponsor program applies to any particular study, please contact Flow Research.  We look forward to working with you!

If you have any questions about the Founding Sponsor program, please contact Norm Weeks at (781) 245-3200, or norm@flowresearch.com.

The World Market for Flowmeters,  2^nd Edition

Flow Research, Inc.

27 Water Street

Wakefield, MA  01880

(781) 245-3200

(781) 224-7552 (fax)

www.flowresearch.com