HomeMagazine2014October 2014, Vol. 241, No. 10Study Finds $2.7 Billion Worldwide Traditional Technology Flowmeter Market

October 2014, Vol. 241, No. 10

Features

Study Finds $2.7 Billion Worldwide Traditional Technology Flowmeter Market

A research study from Flow Research, Volume X: The World Market for Flowmeters, 5th Edition, finds that the worldwide traditional technology flowmeter market totaled $2.7 billion in 2013 and is projected to grow to exceed $3.3 billion by 2018. Traditional technology flowmeters include differential pressure, positive displacement, turbine, open channel, and variable area flowmeters. All of these flowmeter types were introduced before 1950, and have a large installed base. The differential pressure (DP) and open channel flowmeter markets are showing the fastest growth with the DP flowmeter market the largest of the group in terms of revenues. Flow Research projects a compound ann

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