Turbine
flow meters are velocity measurement devices used for measuring the
volumetric flow of liquid/gas. At oil and gas facilities, turbine
flow meters are deployed for the transfer of hydrocarbons and gases
in a controlled manner. Advanced turbine flow meters commonly used at
oil and gas facilities incorporate the functionality of flow
computers for correcting properties such as pressure, fluid, and
temperature of the gas/liquid under observation and achieve the
desired accuracy for the application. Other than the oil and gas
industry, turbine flow meters find miscellaneous applications in
water, chemicals, and the food and beverages industries.
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Global
turbine flow meters market have features that make them an excellent
choice for volumetric measurement devices in the subsea industry. The
flow sensing elements used in turbine flow meters are compact and
light in weight compared to other metering technologies. As a result,
turbine flow meters are suitable for subsea operations at different
depth levels. The high accuracy and fast speed response of turbine
flow meters also make them highly viable for subsea operations.
Rise
in Global Subsea Activities Boost Global Demand
The
continuous rise in energy demands from the mounting global population
and the strengthening industrial sector in the past few years,
coupled with matured onshore reserves of oil and gas, have boosted
exploration and production activities from subsea reserves. With the
section of subsea oil and gas exploration and production garnering an
increased level of attention on a global front, the market for
turbine flow meters is also expected to tread along an upward growth
trajectory in the coming years.
The
market is benefitting especially from the rising offshore oil and gas
exploration and production activities in Africa and Brazil in the
next few years. A number of planned expansion projects and the vast
offshore reserves in West Africa are potential growth sectors for the
global market for turbine flow meters. Strict guidelines related to
operations at oil and gas facilities in Europe could prove to be
another significant factor propelling the market in the near future.
Along with this, a number of shallow water exploration projects
planned in European countries will significantly boost the demand for
turbine flow meters.
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However,
the depression that currently engulfs the global oil market owing to
the continuously declining crude oil prices can hamper the overall
development of the global turbine flow meters market to a certain
extent. The development of numerous newer volumetric flow measuring
devices at a rapid pace owing to technological advancements is also
expected to hinder the growth of the global turbine flow meters
market to a certain extent on the global front.
The
market features a large number of companies offering customized
turbine flow meters according to the specific regulations associated
with operations at subsea facilities. Companies offer a wide range of
turbine flow meters that are chosen on the basis of the
characteristics of the fluid/gas under observation. Based on flow
range, the market is segmented into 1100-2250 l/min, 250-1100 l/min,
50-250 l/min, and 1.2-50 l/min.
Some
of the major vendors operating in the global turbine flow meters
market for subsea operation are Environmental Technologies Ltd.,
Flowtechnik Ltd, Omni Instruments Ltd., AW-Lake Company, ABB Ltd.,
Hoffer Flow Controls, Inc.
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