Growth in energy markets has created a demand for the accuracy and reliability of Coriolis flowmeters, whose market is projected to grow to almost $2 billion by 2018, suggests a new study from Flow Research.
According to Flow Research, one force driving market growth, which totaled $1.3 billion in 2013, is the development of large line size Coriolis flowmeters. Researchers say the flowmeters often have been used in pipes with diameters of six inches or less; however, in the past five years, major suppliers have developed Coriolis flowmeters for pipes from eight to 16 inches in diameter.