The World Market for Oil Flow Measurement

Transcription

1 i The World Market for Oil Flow Measurement Module C: The World Market for Custody Transfer of Petroleum Liquids Wakefield, Massachusetts September 2012

2 ii Researched by: 27 Water Street Suite B7 Wakefield, MA United States (781) (781) (fax) Project Team Jesse Yoder, PhD Publisher and Project Director Belinda Burum Norman Weeks Nicole Riordan Vicki Tuck Leslie Buchanan Christina Glaser Published by September 2012

3 iii Copyright 2012 All data and information in this study is proprietary and copyrighted by No part of this study may be reproduced orally or in written form to anyone outside the internal organization of the client for five years from the date of this study without the prior written consent of Disclaimer While every effort has been made to insure that this study is accurate and complete, Flow Research, Inc. accepts no liability for consequences of any actions that are based on the findings in this study.

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5 v TABLE OF CONTENTS One Executive Summary Overview Study Objectives Geographic Regions of the World Definitions Flowmeter Types Much New Development Aimed at Custody Transfer Applications. 1-3 Shipments of All Flowmeters for Custody Transfer of Petroleum Liquid Applications Worldwide by Technology: Figures 1-1 to Two Scope and Method Overview Study Objectives Methodology Geographic Regions of the World The Role of Viewpoint Pluralism Definitions Flowmeter Types Segmentation by Technology Flow Research, Inc Flow Research Market Research Studies Custom Reports Worldflow Monitoring Service Flow Research Instrumentation Articles Three The Worldwide Market for All Flowmeters Used For Custody Transfer of Petroleum Liquids American Gas Association Operations Conference & Biennial Exhibition Manufacturers Respond to End-User Needs Much New Development Aimed at Custody Transfer Applications. 3-3 Ultrasonic for Gas and Coriolis for Petroleum Liquids End-Users Benefit

6 vi Market Size and Growth Forecasts Shipments of All Flowmeters for Custody Transfer of Natural Gas Worldwide by Flowmeter Type: Figures 3-1 to Four The Worldwide Market for Coriolis Flowmeters Used for Custody Transfer of Petroleum Liquids Why Measure Mass Flow Coriolis Remains the Most Accurate Flowmeter Coriolis Gas Flowmeter Product Analysis Emerson Process Management - Micro Motion Endress+Hauser GE Measurement & Control Solutions Invensys Foxboro KROHNE Siemens Growth Factors for the Coriolis Flowmeter Market Custody Transfer of Petroleum Liquids is a Potential Boom Market for Coriolis Meters Suppliers Continue to Make Technological Improvements in Coriolis Flowmeters Growth in Coriolis Meters for Larger Line Sizes Users Are Looking for Low Maintenance Factors Limiting Growth Market Size and Growth Forecasts Shipments of Coriolis Flowmeters for Custody Transfer of Petroleum Liquids Worldwide: Figures 4-1 to Average Selling Price of Coriolis Flowmeters for Custody Transfer of Petroleum Liquids by Region: Figure Five The Worldwide Market for Ultrasonic Flowmeters Used for Custody Transfer of Petroleum Liquids Overview History Advantages of Ultrasonic Flowmeters Ultrasonic Gas Flowmeter Product Analysis Elster Instromet Emerson Process Management - Daniel

7 vii FMC Technologies GE Measurement & Control Solutions Honeywell International, Inc. - RMG Group KROHNE SICK AG Growth Factors for the Ultrasonic Flowmeter Market Multipath Ultrasonic Flowmeters Used for Custody Transfer Improvements in Transit Time Technology More Calibration Facilities Available Ultrasonic Flowmeters Gain Industry Approvals Factors Limiting Growth Market Size and Growth Forecasts Shipments of Ultrasonic Flowmeters for Custody Transfer of Petroleum Liquids Worldwide and by Region: Figures 5-1 to Average Selling Price of Ultrasonic Flowmeters for Custody Transfer of Petroleum Liquids by Region: Figure Six The Worldwide Market for Differential Pressure Flow Transmitters for Custody Transfer of Petroleum Liquids Promise of Greater Reliability and Performance Multivariable Flowmeters Differential Pressure Transmitters Used to Measure Gas Flow Four Types of Pressure Transmitters Differential Pressure Flowmeters History of DP Flowmeters Theory of Differential Pressure Measurement What is a Differential Pressure Flowmeter? Differential Pressure Gas Flow Transmitter Product Analysis ABB Ltd Cameron Measurement Systems Emerson Process Management - Bristol Emerson Process Management - Rosemount Endress+Hauser Fuji Electric Honeywell Invensys Foxboro Siemens

8 viii SMAR Equipamentos Industrials Ltda Thermo Fisher Scientific, Thermo Scientific Yamatake (azbil) Yokogawa Factors Promoting the Growth of the Pressure Transmitter Market Plant Renovations and Upgrades The Large Installed Base of Differential Pressure Flow Transmitters Rapid Growth in China and Other Developing Markets Advanced Features in Differential Pressure Flow Transmitters Market Size and Growth Forecasts Shipments of Differential Pressure Flow Transmitters for Custody Transfer of Petroleum Liquids Worldwide and by Region: Figures 6-1 to Average Selling Prices of Differential Pressure Flow Transmitters for Custody Transfer of Petroleum Liquids: Figure Seven The Worldwide Market for Primary Flow Elements Used for Custody Transfer of Petroleum Liquids Product Analysis of Primary Elements for Gas Custody Transfer Ametek, Inc., Solartron ISA Cameron, Measurement Systems Division Canalta Controls Ltd Emerson Process Management - Daniel Emerson Process Management - Rosemount TMCo Inc Factors Promoting the Growth of the Primary Elements Market Growth in the Oil & Gas Industry Technology Improvements in Primary Elements Growth in the Use of Multivariable DP Flowmeters Growth in the Use of Integrated DP Flowmeters Market Size and Growth Forecasts Shipments of Primary Elements for Custody Transfer of

9 ix Petroleum Liquids Worldwide and by Region: Figures 7-1 to Average Selling Prices of Primary Elements for Custody Transfer of Petroleum Liquids: Figure Eight Nine The Worldwide Market for Positive Displacement Flowmeters Used for Custody Transfer of Petroleum Liquids History Positive Displacement Flowmeter Design Positive Displacement Flowmeter Product Analysis Brodie International FMC Technologies Growth Factors for the Pos. Disp. Flowmeter Market Market Size and Growth Forecasts Shipments of Positive Displacement Flowmeters for Custody Transfer of Petroleum Liquids Worldwide and by Region: Figures 8-1 to Average Selling Prices of Primary Elements for Custody Transfer of Petroleum Liquids by Region: Figure The Worldwide Market for Turbine Flowmeters Used for Custody Transfer of Petroleum Liquids History Turbine Flowmeter Design Turbine Gas Flowmeter Product Analysis Cameron Elster Emerson Process Management Daniel Hoffer Flow Controls, Inc Growth Factors for the Turbine Flowmeter Market Turbine Flowmeters Are Well-Established Installed Base of Turbine Flowmeters Approval Organizations Specify Turbine Meters Turbine Flowmeters Remain a Viable Choice for Steady, Medium to High-Speed Flows Market Size and Growth Forecasts Shipments of Turbine Flowmeters for Custody Transfer of Petroleum Liquids Worldwide and by Region: Figures 9-1 to

10 x Average Selling Prices of Primary Elements for Custody Transfer of Petroleum Liquids by Region: Figure Ten Market Shares for the Leading Suppliers of Flowmeters Used for Custody Transfer of Petroleum Liquids Eleven Supplier Profiles Appendix A: Overview of... A-1

11 xi LIST OF FIGURES Figure 1-1 Shipments of All Flowmeters for Custody Transfer of Petroleum Liquids Worldwide Shipments of All Flowmeters for Custody Transfer of Petroleum Liquids Worldwide Shipments of All Flowmeters for Custody Transfer of Petroleum Liquids by Technology Shipments of All Flowmeters for Custody Transfer of Petroleum Liquids by Technology New-Technology and Traditional Technology Flowmeters New-Technology Flowmeters Approved by the Fieldbus Foundation Total Shipments of All Flowmeters for Custody Transfer of Petroleum Liquids Worldwide Total Shipments of Shipments of All Flowmeters for Custody Transfer of Petroleum Liquids Worldwide Shipments of All Flowmeters for Custody Transfer of Petroleum Liquids by Technology Shipments of All Flowmeters for Custody Transfer of Petroleum Liquids by Technology Total Shipments of Coriolis Flowmeters for Custody Transfer of Petroleum Liquids Worldwide Total Shipments of Coriolis Flowmeters for Custody Transfer of Petroleum Liquids Worldwide Shipments of Coriolis Flowmeters for Custody Transfer of Petroleum Liquids by Region Shipments of Coriolis Flowmeters for Custody Transfer of Petroleum Liquids by Region Average Selling Price of Coriolis Flowmeters for Custody Transfer of Petroleum Liquids by Region

12 xii 5-1 Total Shipments of Ultrasonic Flowmeters for Custody Transfer of Petroleum Liquids Worldwide Total Shipments of Ultrasonic Flowmeters for Custody Transfer of Petroleum Liquids Worldwide Shipments of Ultrasonic Flowmeters for Custody Transfer of Petroleum Liquids by Region Shipments of Ultrasonic Flowmeters for Custody Transfer of Petroleum Liquids by Region Average Selling Price of Ultrasonic Flowmeters for Custody Transfer of Petroleum Liquids by Region Total Shipments of Differential Pressure Flow Transmitters for Custody Transfer of Petroleum Liquids Worldwide Total Shipments of Differential Pressure Flow Transmitters for Custody Transfer of Petroleum Liquids Worldwide Shipments of Differential Pressure Flow Transmitters for Custody Transfer of Petroleum Liquids by Region Shipments of Differential Pressure Flow Transmitters for Custody Transfer of Petroleum Liquids Worldwide Average Selling Price of Differential Pressure Flow Transmitters for Custody Transfer of Petroleum Liquids by Region Total Shipments of Primary Flow Elements for Custody Transfer of Petroleum Liquids Worldwide Total Shipments of Primary Flow Elements for Custody Transfer of Petroleum Liquids Worldwide Shipments of Primary Flow Elements for Custody Transfer of Petroleum Liquids by Region Shipments of Primary Flow Elements for Custody Transfer of Petroleum Liquids by Region Average Selling Price of Primary Flow Elements for Custody Transfer of Petroleum Liquids by Region Total Shipments of Pos. Disp. Flowmeters for Custody Transfer of Petroleum Liquids Worldwide

13 xiii 8-2 Total Shipments of Pos. Disp. Flowmeters for Custody Transfer of Petroleum Liquids Worldwide Shipments of Pos. Disp. Flowmeters for Custody Transfer of Petroleum Liquids by Region Shipments of Pos. Disp. Flowmeters for Custody Transfer of Petroleum Liquids by Region Average Selling Price of Pos. Disp. Flowmeters for Custody Transfer of Petroleum Liquids by Region Total Shipments of Turbine Flowmeters for Custody Transfer of Petroleum Liquids Worldwide Total Shipments of Turbine Flowmeters for Custody Transfer of Petroleum Liquids Worldwide Shipments of Turbine Flowmeters for Custody Transfer of Petroleum Liquids by Region Shipments of Turbine Flowmeters for Custody Transfer of Petroleum Liquids by Region Average Selling Price of Turbine Flowmeters for Custody Transfer of Petroleum Liquids by Region Market Shares for the Leading Suppliers of Coriolis Flowmeters for Custody Transfer of Petroleum Liquids Worldwide Market Shares for the Leading Suppliers of Ultrasonic Flowmeters for Custody Transfer of Petroleum Liquids Worldwide Market Shares for the Leading Suppliers of Pos. Disp. Flowmeters for Custody Transfer of Petroleum Liquids Worldwide Market Shares for the Leading Suppliers of Turbine Flowmeters for Custody Transfer of Petroleum Liquids Worldwide

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15 xv LIST OF TABLES Table 4-1 Advantages and Disadvantages of Coriolis Flowmeters for Oil Flow Advantages and Disadvantages of Ultrasonic Flowmeters for Petroleum Liquids Advantages of Ultrasonic Flowmeters Compared to Other Types Advantages and Disadvantages of DP Flow Transmitters for Petroleum Liquids Advantages and Disadvantages of Turbine Flowmeters for Petroleum Liquids

16 xvi LIST OF MAPS Map 2-1 World World by Region Asia Europe and Russia The Russian Federation China Japan India Indonesia Europe, Middle East, and Africa (EMEA) The Middle East Commonwealth of Independent States and Asia South America Central America North America (The United States and Canada)