February 2022, Vol. 249, No. 2


Study Finds Flowmeters Rebound Within Oil and Gas Industry

Special to P&GJ    A new research study from Flow Research, Flowmeters in the Oil and Gas Industry, finds that worldwide revenues for all flowmeters sold to the oil and gas industry in 2019 totaled $1.64 billion.   It goes on to forecast a solid compound annual growth rate (CAGR) of 2.6% over the next five years, for a total annual revenue exceeding $1.86 billion in 2024.    Oil and gas are among the largest industries for flowmeters, and the flowmeter market tends to parallel its ups and downs. Both the flowmeter market and oil and gas prices had a strong year in 2018.    Although oil and gas prices declined in 2019, they were strong enough

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