Coriolis flow meters are based on Coriolis forces that are generated when moving fluid is subject to vibrations that are perpendicular to its motion. These Coriolis forces are proportional to the mass of fluid. Pick off coils and magnets are used to measure vibrations of the fluid and convert it to electric signals.
With an increase in investments in the energy sector, especially in oil & gas projects, the Market For Coriolis Meters is projected to grow, as they have application the oil & gas production, which is directly related to the energy sector.
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Factors driving the Coriolis meters market include rising demand for energy and increasing demand for Coriolis meters in the process industry.
Currently, liquid usage market represents around 79% of the Coriolis meters market by fluid type in terms of value, followed by gas usage market, which accounts for a 21% share of global Coriolis meters market . Among various regions, North America dominates the market currently.
Scope of the report: This study estimates the global market of Coriolis meters till 2019. It also offers a detailed qualitative and quantitative analysis of this market. This report provides a comprehensive review of major market drivers, restraints, opportunities, challenges, winning imperatives, and key issues of the market.
Various secondary sources have been used such as encyclopedias, directories, and databases to identify and collect information that was useful for this extensive commercial study of the global Coriolis meters market. The primary sources – experts, manufacturers, and service providers from the industry have all been interviewed to obtain and verify critical information as well as assess future prospects of the Coriolis meters market.
On the basis of fluid type: Gas and Liquid.
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On the basis of application: Oil & Gas, Chemicals & Petrochemicals, Food & Beverages and Others (Pulp & Paper, Textile, Water & Waste water).
On the basis of regions: North America, Europe, Latin America, Asia-Pacific, and the Middle-East & Africa.
Major companies with their market volumes and revenue have been covered for each of the regions mentioned above. This report also deals with market share of participants for the overall market and describes the competitive strategies adopted by these players. The market segmentation has been done on the basis of applications and fluid type. The leading players of the industry have been profiled with their recent developments and other strategic industry activities. A few top players in the industry include Emerson Inc. (U.S.), Siemens AG (Germany), Yokogawa Electric Corporation (Japan), ABB Ltd. (Switzerland), and Schneider Electric Co. (France) among others.
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