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Coriolis Meters Market


Energy & Power
Pumps Motors & Control Devices

The global Coriolis meters market is estimated to reach $1,932.5 million by 2019 at a projected CAGR of 11.04% during the forecast period, indicating a high demand in oil & gas, chemicals & petrochemicals, food & beverages applications. By 2019, the liquid usage market is estimated to reach $1,521.4 million, whereas gas usage market is projected to reach $411.1 million.

Coriolis mass flowmeters measure the mass flow of fluids, such as water, acids, caustic, chemicals, and gases/vapors. These meters can measure the flow with such high accuracy that they are widely used to measure high value products like hydrocarbons or the introduction of fluids that affect the production of high value products. Since they measure mass flow, the measurement is not affected by the changes in fluid density.Major factors driving this market growth include bulk investments in energy sector especially in oil & gas projects.

North American is the largest market for Coriolis meters, followed by Asia-Pacific.The Latin American market continues to be the key growth area due to increasing demand for innovative technology in terms of oil & gas application, which is backed by new investments in the market. The Middle East and Africa is also an exciting market, given the fact of investment.

Coriolis Meters Market Size, by Geography, 2012 - 2019 ($Million)

Coriolis Meters Market

Source: Secondary Literature, Investor Presentations, Expert Interviews, and MarketsandMarkets Analysis

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