New Study Finds $4.6 Billion Worldwide Flowmeter Market

摘要

Anew research study finds that the worldwide flowmeter market totaled U.S.$4.6 billion in 2009 and is projected to grow substantially to exceed $5.5 billion by 2014. According to Volume X: The World Market for Flowmeters, 3rd Edition, from Flow Research, Inc., the new-technology flowmeter markets, including ultrasonic and Coriolis, are showing the fastest growth, while positive displacement, turbine, and variable area flowmeter markets are declining slowly. Flow Research projects a compound annual growth rate (CAGR) in revenues for the total worldwide flowmeter market of 3.7% through 2014. The most rapid growth is in China, the Middle East, and in developing Asian countries.