Dublin, Oct. 27, 2023 (GLOBE NEWSWIRE) -- The "Coriolis Meters - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Coriolis Meters Market to Reach $4 Billion by 2030
The global market for Coriolis Meters estimated at US$2.1 Billion in the year 2022, is projected to reach a revised size of US$4 Billion by 2030, growing at a CAGR of 8.1% over the analysis period 2022-2030.
Liquids, one of the segments analyzed in the report, is projected to record 7.8% CAGR and reach US$3 Billion by the end of the analysis period. Growth in the Gas segment is estimated at 9.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $490.2 Million, While China is Forecast to Grow at 11.2% CAGR
The Coriolis Meters market in the U.S. is estimated at US$490.2 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$512.6 Million by the year 2030 trailing a CAGR of 11.2% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.3% and 5.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.3% CAGR.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
MARKET OVERVIEW
- Influencer Market Insights
- An Introduction to Coriolis Meters
- Coriolis Meters Market: Current Scenario and Outlook
- Rise in Global Energy Needs and Ensuing Demand for Coriolis Meters Shapes Market Growth
- Global Primary Energy Consumption (Billion toe): Growth Trajectory for the Period 1990-2040
- Global Energy Consumption (Billion ToE) by Country/Region (1995, 2017 and 2040)
- Coriolis Meters - Global Key Competitors Percentage Market Share in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
MARKET TRENDS & DRIVERS
- Coriolis Meter: A Versatile Flow Measurement Tool for Challenging and Critical Industrial Applications
- Inherent Operational and Technical Benefits of Coriolis Flowmeters Augment Demand in Process Industries
- Industry Approvals Vital to Market Expansion
- Oil & Gas Exploration Investments Support Demand for Coriolis Meters
- Global Oil & Gas Upstream CAPEX (In US$ Billion) for the Years 2016, 2018, 2019 & 2020
- Rise in Drilling Activities and Ensuing Need for Wellhead Flow Measurement to Spur Demand for Coriolis Flowmeters: Total Number of Wells Drilled (In Thousands) for the Years 2016-2020
- Upswing in Deep Water Exploration Activities to Create Demand for High-Pressure Coriolis Flowmeters
- Buttressed by Lower Drilling Costs and New Fields Scheduled to Come Online, Steady Increase in Deepwater Oil Production Bodes Well: Global Deepwater Oil Production (In Million Barrels Per Day) for the Years 2017, 2018, 2019 & 2020
- Global Investment Growth (in %) by Supply Segment: 2019
- Oil & Gas Industry's Shift towards Large Diameter Pipelines Fuels Development of Larger Coriolis Flowmeters
- Larger Capacity Coriolis Flowmeters to Address High Volume Applications
- Increase in Oil Prices: Favorable Prospects for Coriolis Flowmeters Market
- Spot Crude Oil Prices ($/barrel) in Select Countries for the Years 2015 through 2018
- Average Annual OPEC Crude Oil Price (in $/barrel) for the Years 2010 through 2019
- Growing Adoption of Coriolis Technology in Custody Transfer of Oil and Gas
- Advantages of Coriolis Meters for Custody Transfer Applications
- Coriolis Meters Find Use in Multi-Phase Flow Metering in Offshore Pipelines
- High-Pressure Chemical Injection: A Prominent Application
- Opportunities Abound for Coriolis Meters in the Natural Gas Sector
- Led by US, Robust Production of Natural Gas Amplify Demand for Coriolis Flowmeters in Measuring Wet Gas Flows: Global Natural Gas Production (In Billion Cubic Meters) by Country for 2018
- Reference Standards for Gas Flow Measurement
- Coriolis Flowmeters for Gas Flow Measurement Applications: Advantages and Disadvantages
- Coriolis Meters Best for LNG Custody Transfer Application
- Chemicals & Petrochemicals Industry: Enabling Accurate Flow Measurements
- Coriolis Flowmeters Enable Measurement of Liquids with Entrained Gas
- Coriolis Meters in Food & Beverage Industry: Need for Accurate Flow Measurements Drives Growth
- Innovations & Advancements Accelerate Growth in Coriolis Meters Market
- Advances in Flowmeter Technology Spur Development of Coriolis Meters with New Generation Capabilities
- New Diagnostic Tools Enable Real-Time Verification of Coriolis Flowmeters and Increase Efficiency in Asset Maintenance
- Emergence of Large Line Size Coriolis Flowmeters for Bulk Fluid Transfer Applications
- Two-Wire Devices Better Coriolis Flow Meter Functionality
- Drawbacks of Coriolis Flowmeters to Challenge Market Growth
FOCUS ON SELECT PLAYERS(Total 38 Featured)
- ABB (Switzerland)
- AW-Lake Company (USA)
- Azbil Corporation (Japan)
- Brooks Instrument (USA)
- Emerson Electric Co. (USA)
- Endress+Hauser AG (Switzerland)
- Honeywell International, Inc. (USA)
- KROHNE Messtechnik GmbH (Germany)
- Liquid Controls LLC (USA)
- Malema Engineering Corp. (USA)
- Rheonik Messtechnik GmbH (Germany)
- Schneider Electric (France)
- Siemens AG (Germany)
- Yokogawa Electric Corp. (Japan)
For more information about this report visit https://www.researchandmarkets.com/r/colzbi
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