FlowTimes March 2013

www.FlowTimes.com

www.FlowResearch.com

welcome to

FlowTimes – March 2013

Your Update on Flow, Temperature, and Pressure Measurement from Flow Research

Executive Editor: Dr. Jesse Yoder; Volume 14, Number 1 - ISSN 1350-7204

1. Letter from the President: Flying with the wind

In late November, I traveled to Perth , Australia to give the keynote speech at the Flow Measurement Forum. The Forum was held on November 28 and 29, 2012. I also gave a four workshop on flowmeters. The focus of both presentations was on flowmeters used in the oil and gas business, and the energy markets more generally. This is an important topic in Australia , since they are a major provider of natural gas and LNG and also have significant supplies of crude oil.

Just getting there is half the battle.
In case you have been to Australia, you know that getting there is a lengthy process. I left my house at 2:00 pm on Saturday for a flight from Boston to New York. This was to catch a New York flight at midnight to Dubai. The flight to Dubai lasted 13 hours. Then I had a 6-hour layover in Dubai before boarding a 12-hour Emirates flight to Perth. All told, it took me 39 hours to get to Perth from Boston. Since I can’t sleep on planes, I was beyond exhausted by the time I got there. I arrived in Perth around 7:30 pm on Monday evening, November 26.

Dr. Jesse Yoder

The Flow Measurement Forum
The morning of November 28, I gave a four hour workshop about the different flow technologies, their advantages and disadvantages, and their applications in energy environments. The audience was a mixture of people from process plants, universities, and engineers and technicians. I was also asked to chair the afternoon sessions.

The following morning (November 29), I gave the keynote speech, the focus of which was a more high-level look at flow measurement trends in energy along with trends in oil and gas production and exploration. This is such an exciting topic because so much is happening both in natural gas and crude oil production. More and more attention is shifting to natural gas because it is cheaper, cleaner, and more plentiful than crude oil.

Australia is the epicenter for a great deal of natural gas development. The Gorgon Project exists in a couple of islands offshore of northwest Australia. The Gorgon Gas Fields are about 130 kilometers off the coast of northwest Australia. Near the fields is Barrow Island, where a liquefied natural gas (LNG) plant is being built. This plant is expected to produce 15.6 metric tons of LNG per year. Australia hopes to supply LNG to the entire region, with India being a major destination. The project, which is costing an estimated $54 billion, is a joint venture of Chevron Australia, Shell Development Australia, and Mobil Australia Resources.

A rare day off: sushi and sleep, plus the zoo
On Friday, I had a free day. First, I caught up on a little sleep. Then I went walking around downtown Perth, looking for sushi places. I also managed to get in a visit to the zoo, where I saw some panda bears and kangaroos.

Visiting Sydney
The next day I flew to Sydney for three days. I actually had only one free day there, since most of Saturday was taken up in flying east to Sydney. Though the flight takes only four hours, because you are flying east, through time zones you lose three hours of time on the clock. So I left Perth in the morning for a four hour flight, but arrived in Sydney in the evening!

Visiting Macnaught
Since I can’t seem to go anywhere without visiting a flow company, I had set up a meeting with Macnaught Industries for Monday, December 3. This proved very interesting. Macnaught is the largest positive displacement flowmeter supplier in Australia , and they are a lot larger than I realized. After leaving Macnaught, I left for the hotel and headed for the airport at 5:00 pm.

Flying with the wind at your back has definite advantages.
The return trip was a little easier than the trip to Perth. I had only one stopover – in Dallas – and then flew straight to Boston. This took closer to 28 hours than the 39 hours I spend going from Boston to Perth. What was most significant about my route is that I flew east the entire way, instead of heading east and then returning the way I came. Because I continued east to Dallas from Sydney instead of returning through Dubai, I saved at least eight hours of flying time. I logged over 25,000 miles of flying time in a unique opportunity to fly around the world.

Many wonderful experiences and people
I’ve been to Dubai, Abu Dhabi, Oman, Qatar, Switzerland, Germany, Norway, Amsterdam, London, and, in the United States, I’ve been to Boulder, Minneapolis and countless other places. I love all these places, but what I love most is the truly wonderful people I meet on these trips. My trip to Australia ranks up there among my very best trips – even though I was sleep-deprived most of the time – and I wouldn’t trade the experience for anything I can imagine. I am grateful to Sarah Montgomery and IDC Technologies for giving me the opportunity to make this trip. If you ever have a chance to go to Australia, don’t hesitate!

--- Dr Jesse Yoder, President

2. Volume X: The World Market for Flowmeters, 4^th Edition Is Now Shipping

“Volume X” is one of our most popular studies. Just a quick reminder of some of what you’ll find in this major resource that covers the entire flowmeter market, including individual coverage of 13 flowmeter technologies:

New-technology: Coriolis, magnetic, ultrasonic, vortex, thermal
Traditional technology: differential pressure (DP), primary elements, positive displacement (PD), turbine, open channel, variable area
Emerging technology: optical, sonar

Important market segmentation for each technology includes:

Worldwide and regional market size in 2011 with forecasts through 2016
Market shares for different flowmeter types in 2011
Description and analysis for each flowmeter type, including major competitive strengths and weaknesses
Company profiles and product information for the major manufacturers of each technology type

And much more! – More details about segmentation breakouts can be found in the Overview on the website listed below.

Module A: Strategies, Industries, & Applications: The in-depth research in Module A complements and builds on the results of Volume X: The World Market for Flowmeters, 4th Edition. It can be ordered as a standalone report or as an add-on to the main study. Module A provides focused insights into industry trends by flowmeter type, looks at product improvements, and explains advantages and disadvantages inherent to each flowmeter type. You’ll find essential information on market forces at work, market outlook and strategies for marketing success. Module A also provides shipments by application and industry, in dollars and percentages, worldwide and by geographic region, for all new technology and traditional technology flowmeters. More details about segmentation breakouts can be found in the Overview on the website listed below.

For more information about Volume X and Module A, visit http://www.floweverything.com.

3. The World Market for Coriolis Flowmeters, 4^th Edition Is Now Shipping

Flow Research has recently completed a new market study called The World Market for Coriolis Flowmeters, 4^th Edition. Flow Research has previously published Coriolis studies in 2001, 2003, and 2008. The new edition of the study includes the segmentation included in earlier versions, and also introduces brand new segmentation. The study is now shipping.

Since completing our first Coriolis study in 2001, we have been following this market very closely. Many developments have been described in our quarterly report, the Market Barometer. Each issue of the Market Barometer includes an update on the Coriolis flowmeter market. Coriolis flowmeters have also been the topic of many articles by Dr. Jesse Yoder over the past several years. This new study builds on the knowledge we have gained over the years, but it is a completely new look at this market.

Our end-user interviews indicate that the interest in Coriolis flowmeters remains at a very high level, and that end-user needs have become more complex and demanding. We have determined that some of the growth in this market is due to growth in the oil & gas and other energy markets, and we were interested to also learn the growth rates of other industries since the 2008/2009 recession. We believe this is an optimal time for this new edition’s in-depth look at an expanding market.

This study has accomplished several important objectives:

To provide the 2011 market size in US dollars and unit volume for Coriolis flowmeters worldwide
To provide a detailed forecast of the market for Coriolis flowmeters in dollars and unit volumes through 2016
To provide market shares of the leading suppliers of Coriolis flowmeters worldwide
To provide segmented data both worldwide and for each of eight global regions
To provide a technology and product analysis for Coriolis flowmeters
To provide market and product strategies for suppliers of Coriolis flowmeters worldwide
To provide company profiles of the significant suppliers of Coriolis flowmeters worldwide

Key issues in the Coriolis flowmeter market that are addressed by this study include:

Growth in the use of smart Coriolis flowmeters
The relative merits of straight tube vs. bent tube meters
The growing use of Coriolis flowmeters to measure gas flow
The emerging market for Coriolis in steam flow measurement
Growth in the market for large line size Coriolis meters
Low cost Coriolis meters

The segmentation for this study includes:

Coriolis Flowmeter Types
Coriolis Flowmeters by Fluid Type
Coriolis Flowmeters by Mounting Type
Coriolis Flowmeters by Sensor Tube Material
Coriolis Flowmeters by Temperature Range
Coriolis Flowmeters by Petroleum Liquid Applications
Coriolis Flowmeters by Non-petroleum Liquid Applications
Coriolis Flowmeters by Gas Applications
Coriolis Flowmeters by Intelligence Level
Smart Coriolis Flowmeters by Communication Protocol
Coriolis Flowmeters by Line Size
Coriolis Flowmeters by Industry

And more! For more detailed information, see the Overview available on the website below or contact us.

To order this study, contact Flow Research by email at jesse@flowresearch.com, or call Flow Research at 781-245-3200. In the United States, call toll free at (800) 245-1799. Or use the Order Form on the webpage for this study, www.flowcoriolis.com/4th_Edition/welcome.htm, on our Coriolis website, www.flowcoriolis.com.

4. Azbil Acquires 70% Stake in VorTek

(Excerpt)

For further enhancement of business structures, Azbil Corporation acquires a stake in U.S. company VorTek Instruments, LLC, which becomes an azbil Group company. Azbil will broaden its flow meter product portfolio and strengthen its global product development functions.

TOKYO, January 30, 2013 – Azbil Corporation has announced that to globally strengthen and expand its flow meter business, it has decided to make a capital participation in VorTek Instruments, LLC, a U.S. manufacturer and supplier of vortex flow meters with a proven track record worldwide. Azbil Corporation’s U.S. subsidiary, Azbil North America, Inc., acquired a 70% stake in VorTek Instruments on December 31, 2012. The company became an azbil Group company and will change its name to Azbil VorTek, LLC.

VorTek Instruments is a global company engaged in the development, manufacture, and sale of vortex flow meters with temperature and pressure compensation. It features a lineup of vortex flow meters with integrated temperature and pressure compensation, including insertion meters for large pipe applications. Its main applications are utility steam measurement/control of building HVAC and food processing plants, steam measurement/control of town gas manufacturing plants, and steam and supply measurement/control of various processes.

This capital tie-up will augment and strengthen Azbil’s flow meter product lineup, which will enable the company to provide solutions with higher added value and to expand the development of its global business. Furthermore, by strengthening flow calibration and product development functions in North America , Azbil aims to establish a globally optimal and efficient business structure.

The full press release is covered in our Q4 2012 Market Barometer. Market Barometer reports on important technology introductions, mergers and acquisitions, and application trends. For more information on the Market Barometer, go to www.worldflow.com. To easily find articles by Jesse Yoder, visit http://www.flowarticles.com/

Our Worldflow Monitoring Service focuses on news in the flowmeter industry, as well as some types of temperature, pressure, level and analytical instrumentation, reporting on important technology introductions, mergers and acquisitions, and application trends. Subscribers receive quarterly publications of the Energy Monitor and the Market Barometer, plus Flash Reports of important news that breaks between quarterly publications, and have access to a web-based library of information, Worldflow Online. For more information about our Worldflow Monitoring Service, visit http://www.worldflow.com.

5. Core Study: The World Market for Ultrasonic Flowmeters, 4^th Edition is hot off the press!

Flow Research has conducted a 3-study analysis of the worldwide ultrasonic flowmeter market. This is the 4th edition of our study of this market. We have been following this market very closely since undertaking our first ultrasonic study, which was published in 2001. This edition is unique in that we have divided it into three separate studies:

Core Study: The World Market for Inline Ultrasonic Flowmeters – now shipping!
Module A: The World Market for Clamp-on and Insertion Ultrasonic Flowmeters – published April 2012
Module B: Worldwide Ultrasonic Flowmeter Market View – coming soon

The inline market is quite different from the clamp-on and insertion markets. This is true of applications, industries, price points, and many other factors. Geographic regions, technologies, applications, industries, fluid types, distribution channels, and customer types are all analyzed separately for clamp-on, insertion, and inline ultrasonic flowmeters. Creating separate modules for the ultrasonic study has proved very valuable. By isolating the inline (spoolpiece) market from the clamp-on and insertion markets, we have been able to create a much more compelling and informative analysis. Also, by doing the three studies, we can offer clients who are only interested in one or two areas of focus more targeted information at a lower cost than having to buy an all-in-one. They can be purchased as a set or separately. There are discounts available for combination purchases, or you can get the whole package of three for the best overall pricing.

The Core Study has just been shipped. It focuses on the inline ultrasonic flowmeter market. This study provides market size and market shares for single and dual path transit time ultrasonic meters and for multipath ultrasonic meters. Multipath meters are used for custody transfer of natural gas, the fastest-growing niche within flow. The study provides market size and market shares for custody transfer of natural gas, custody transfer of petroleum liquids, along with non-custody transfer applications. It is packed full of data on inline meters, including data on mounting types, fluid types, single and dual path vs. multipath, industries, gas and liquid applications, mounting types, communication protocols, plus much more.

Module A was published in April 2012. It covers both clamp-on and insertion ultrasonic flowmeters. Clamp-on and insertion flowmeters each have a separate chapter for their respective market size and forecast break-outs. Module A is published as two separate books. Book One contains data on clamp-on ultrasonic flowmeters, and Book Two contains data on insertion ultrasonic flowmeters.

Module B, Worldwide View, coming soon, puts the data from the clamp-on, insertion, and inline flowmeters together into a complete picture of the total worldwide and regional ultrasonic flowmeter market.

For more information about these three studies, as well as information and articles focused on ultrasonic flowmeters, visit our website http://www.flowultrasonic.com.

6. North America leads shift in global energy balance, IEA says in latest World Energy Outlook

(Excerpt)

12 November 2012 – The global energy map is changing in dramatic fashion, the International Energy Agency said as it launched the 2012 edition of the World Energy Outlook (WEO). The Agency's flagship publication, released today in London, said these changes will recast expectations about the role of different countries, regions and fuels in the global energy system over the coming decades.

“ North America is at the forefront of a sweeping transformation in oil and gas production that will affect all regions of the world, yet the potential also exists for a similarly transformative shift in global energy efficiency,” said IEA Executive Director Maria van der Hoeven. “This year’s World Energy Outlook shows that by 2035, we can achieve energy savings equivalent to nearly a fifth of global demand in 2010. In other words, energy efficiency is just as important as unconstrained energy supply, and increased action on efficiency can serve as a unifying energy policy that brings multiple benefits.”

The WEO finds that the extraordinary growth in oil and natural gas output in the United States will mean a sea-change in global energy flows. In the New Policies Scenario, the WEO’s central scenario, the United States becomes a net exporter of natural gas by 2020 and is almost self-sufficient in energy, in net terms, by 2035. North America emerges as a net oil exporter, accelerating the switch in direction of international oil trade, with almost 90% of Middle Eastern oil exports being drawn to Asia by 2035. Links between regional gas markets will strengthen as liquefied natural gas trade becomes more flexible and contract terms evolve. While regional dynamics change, global energy demand will push ever higher, growing by more than one-third to 2035. China , India and the Middle East account for 60% of the growth; demand barely rises in the OECD, but there is a pronounced shift towards gas and renewables. …

The full press release is covered in our Q4 2012 Energy Monitor. Energy Monitor focuses on the oil & gas, refining & petrochemical, and power & renewable industries in relation to important developments and trends, flow and temperature measurement, and other instrumentation.

7. Oil study Module C: The World Market for Custody Transfer of Petroleum Liquids Is Now Shipping

Two parts of our major series, The World Market for Oil Flow Measurement, have already been published: the Core Study, along with Module C. Module D is getting finishing touches for imminent publication, and Modules A and B will follow soon after that.

The World Market for Oil Flow Measurement series is structured like our series on The World Market for Gas Flow Measurement, featuring a Core Study plus five modules:

Core Study: The World Market for Oil Flow Measurement – published November 2012

Module A: Oil Producers Worldwide – (Q1 2013)

Module B: Oil Producers in the Mideast and Africa – (Q1 2013)

Module C: The World Market for Custody Transfer of Petroleum Liquids – published September 2012

Module D: Strategies, Industries, & Applications – coming soon!

Module E: The World Market for Multiphase Flowmeters – published March 2012

Together they provide a comprehensive picture of the oil flow market from multiple perspectives. The in-depth research in the modules complements and builds on the detailed results of the Core Study. However they are designed to also work as standalone reports.

The series can be purchased as a set, for best overall value and most complete picture of the market, or any of the studies can be purchased individually or in combinations (contact Flow Research for combination discount information). Most are still available at pre-publication prices – take advantage of the special price hold on Module C!

Here are descriptions of each study:

Core Study: The World Market for Oil Flow Measurement determines the size of the oil flow measurement market in 2011 and forecasts the market through 2016 worldwide and by geographic region. It provides market analysis, shows where growth is occurring (and where it is not), and where to expect the highest returns. It covers all seven types of flowmeters used in this market, provides average selling prices, and provides company profiles and product information for the main suppliers into the oil flow measurement market. For more information, visit http://www.oilflows.com/.

Module A: Oil Producers Worldwide includes worldwide, regional, and country-by-country data on flowmeters by type and on the oil markets. It includes data on oil production, reserves, imports, and exports by region and country. It tells you which countries are producing the most oil and which ones have the greatest reserves. A regional analysis of flowmeters by type shows which types of flowmeters are used for oil flow measurement and where. For more specific information, visit http://www.worldoilflow.com/.

Module B: Oil Producers in Mideast/Africa includes information from extensive research to better understand oil flow measurement trends in this region – including onsite interviews with 15 oil producers in the United Arab Emirates (UAE), Saudi Arabia, Qatar, and Oman. We asked companies what kinds of flowmeters they are using and what their expectations are for the future. We look at oil imports, exports, consumption, and reserves by country, as well as profiles and products of major companies, and relationships between companies in the region. The result provides a very clear picture of flowmeter usage in Mideast/Africa. For more specific information, visit http://www.mideastoilflow.com/.

Module C: The World Market for Custody Transfer of Petroleum Liquids determines market size and market shares for all types of custody transfer flowmeters worldwide and by seven geographic regions in 2011 with forecasts through 2016. It provides company profiles and product analysis for the main companies selling into the custody transfer flowmeter market, identifies market growth sectors, and gives market shares for the different flowmeter types used for custody transfer of petroleum liquids. For more specific information, visit http://www.custodytransfer.com/oilflow_2011/welcome.htm.

Module D: Strategies, Industries, & Applications focuses on strategies for companies already in the oil flowmeter market as well as for those considering joining. It will provide a world view of the market and identify future growth markets, discuss recent political developments and how they may affect market forces in the near future, and discuss realistic strategies for success for those entering or planning to enter the oil flowmeter market. It will cover major companies and product lines. Segmentation includes applications and industries worldwide and by region for 2011, with forecasts to 2016. For more specific information, visit http://www.oilflows.com/oilflow_2011/modd.htm.

Module E: The World Market for Multiphase Flowmeters determines market size and market shares for multiphase flowmeters in 2011, with forecasts through 2016, worldwide and by seven geographic regions. It includes segmentation by types and configurations, and also identifies the industries and applications where multiphase flowmeters are used. It provides company profiles and product analysis for the main companies selling into this market, identifies market growth sectors, distribution channels and customer types, and discusses strategies for manufacturers selling into the multiphase market.

For more specific information, visit http://www.flowmultiphase.com/.

For more information on the entire Oil Flow Measurement series, visit http://www.oilflows.com/.

For more information on the Gas Flow Measurement series, visit http://www.gasflows.com/.

8. Jesse Yoder Celebrates 200 Articles Published!

We are pleased to announce that Flow Research principal Dr. Jesse Yoder has reached a publishing milestone: 200 published articles! The articles were published over a period of 18 years – from 1995 to 2013.

Informative and timely, these articles cover every subject related to flow and instrumentation, as well as in-depth research on industries related to flow. Dr. Yoder is on the Editorial Advisory Board for Flow Control and the Reader Advisory Board for Processing Magazine.

The articles are posted online for easy download. Browse and learn at http://www.flowarticles.com/.

9. Studies We Are Currently Working On:

The World Market for Oil Flow Measurement: Modules A, B, & D – Descriptions in section 7 of this newsletter, plus, for more information, visit http://www.oilflows.com/oilflow_2011/welcome.htm.

Volume X - Module A: Strategies, Industries, & Applications – Description in section 2 of this newsletter, plus, for more information, visit http://www.floweverything.com/4th_Edition/welcome.htm.

Module B: Worldwide Ultrasonic Flowmeter Market View – Description in section 5 of this newsletter, plus, for more information, visit http://www.flowultrasonic.com/4th_Edition/welcome.htm.

The World Market for Magnetic Flowmeters, 5^th Edition – Flow Research published the 4^th edition of our worldwide magnetic flowmeter market study in 2009. We have been following the magnetic flowmeter market regularly since then. The 5^th edition will determine the size of the worldwide market in 2012, and the market shares of all major suppliers. Market forecasts through 2017 will be included.

Key issues in the magnetic flowmeter market addressed by this study will include:

The growth outlook for magnetic flowmeters worldwide and by region
The demand for 2-wire, 4-wire, and wireless/battery meters
The displacement of AC magnetic meters with DC types
The competitive price pressure on magnetic flowmeters
The need for insertion magnetic flowmeters
The line sizes where magnetic flowmeters are most frequently used
The types of liners used in magnetic flowmeters and their proportions of the market
The adoption rates of communication protocols in smart magnetic flowmeters
Features that end-users are looking for in magnetic flowmeters

Segmentation will include:

Mounting Types
Measurement Variable Types
Power Types
Configuration
Accuracy
Coil Power Types
Liner Materials
Lines Sizes
Sanitary/Hygenic Models
Communication Protocols
Applications
Industries

And more! For more information, visit http://www.flowmags.com/5th_Edition/welcome.htm.

The World Market for Level Measurement – We were asked to study the world market for level measurement and are excited to be looking into this new area of research. More information will be available soon at http://www.levelresearch.com/

For more information on all the studies we have, visit http://www.flowstudies.com.

It lists our studies by category, and also provides direct links to the latest editions.

What do you think of FlowTimes? We welcome your comments! Please send any comments or suggestions to jesse@flowresearch.com.

FlowTimes is published by Flow Research, Inc.

Executive Editor:
Dr. Jesse Yoder – jesse@flowresearch.com

Editor:
Belinda Burum – belinda@flowresearch.com

Associate Editors:
Norm Weeks – norm@flowresearch.com
Leslie Buchanan – leslie@flowresearch.com
Vicki Tuck – vicki@flowresearch.com

Flow Research, Inc.
27 Water Street
Wakefield , MA 01880 USA
+1 (781) 245-3200
+1 (781) 224-7552 (fax)
info@flowresearch.com
www.flowresearch.com

Hit Counter