Global In-Line Process Viscometer (ILPV) Market By Technology And By Application Expected To Reach USD 185.4 Million By 2020
San Francisco, CA, August 20, 2014 --(PR.com
)-- The global market for in-line process viscometer is expected to reach USD 185.4 million by 2020, according to a new study by Grand View Research, Inc. Rapid increase in global refining capacity on account of growing energy demand is expected to remain a key driving factor for the global market. ILPV provides real-time monitoring that helps manufacturers monitor product quality and meet regulatory standards. Additionally, growth in food and beverage industry coupled with increasing healthcare expenditure in the emerging markets of India, China and Brazil is also expected to have a positive influence on market growth. Lack of ability to measure multidirectional flow along with ongoing price wars is expected to remain key challenges for market participants.
Vibration emerged as the leading technology segment for ILPV and accounted for 22.3% of total market revenue in 2013. Vibration technology is best suited for continuous direct viscosity measurement in tanks and/or pipes and is widely used across various end-use industries. Acoustic wave is expected to be the fastest growing technology segment, at an estimated CAGR of 7.3% from 2014 to 2020. Acoustic wave technology is widely used for oil conditioning based monitoring needs which have helped in developing its market particularly in oil & gas industry.
The report “In-Line Process Viscometer (ILPV) Market Analysis By Technology (Rotational, Torsional Oscillation, Vibration, Moving Piston, Coriolis, Dynamic Fluid Pressure And Acoustic Wave), By Application (Petroleum, Chemicals, Pharmaceuticals And Food & Beverages) And Segment Forecasts To 2020” is available now to Grand View Research customers and can also be purchased directly at http://www.grandviewresearch.com/industry-analysis/in-line-process-viscometer-ilpv-market
Further key findings from the study suggest:
• The global market for is highly fragmented with top four companies including Brookfield Engineering Laboratories Inc., Anton Paar, proRheo GmbH and Cambridge Viscosity accounting for less than 30% of the total demand. Other key companies operating in the global market include Brabender Gmbh & Co. Kg, Lamy Rheology, Hydromotion, Nametre (Galvanic Inc.), Vaf Instruments, Fuji Ultrasonic Engineering, Marimex America Llc., Sofraser, Mat Mess- & Analysetechnik, Micro Motion (Emerson Process Management), Norcross, Lemis Baltic, Orb Instruments, Inc., Endress+Hauser Consult AG, Bartec and Vectron International, Inc.
About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies, ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit http://www.grandviewresearch.com/