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Growth in Large Pipe Applications Drives Coriolis Flowmeter Market, Finds Flow Research Study

According to a new market study from Flow Research, the market for Coriolis flowmeters totaled $1.3 billion in 2013, and is projected to grow to almost $2.0 billion by 2018. Growth in the energy markets, especially in oil and gas, is creating greater demand for the accuracy and reliability of Coriolis flowmeters. High crude oil prices are a part of this equation. Coriolis flowmeters remain the most accurate flowmeter made, and both accuracy and reliability are critically important for measuring the flow of crude oil and petroleum liquids. While Coriolis flowmeters are used for both upstream and downstream petroleum applications, they are especially suited to downstream applications of petroleum liquids.