San Francisco, 31 December 2018, 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
The global In-LineProcess Viscometer (ILPV) market 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.
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Report On In-Line Process Viscometer (ILPV)
Market Analysis:
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Further key findings from the study suggest:
·
Petroleum dominated the global
application market for ILPV and accounted for 40% of total market revenue in
2013. Increasing refining capacity, particularly in the Middle East and Asia
Pacific is expected to drive the ILPV demand in petroleum applications.
Pharmaceutical is expected to be the fastest growing application market, at an
estimated CAGR of 6.7% from 2014 to 2020. Increasing regulatory intervention
for improving the healthcare industry, particularly in BRICS nations is
expected to fuel the demand for ILPV in the pharmaceutical industry.
·
Asia Pacific continued its
dominance in the global market and accounted for 30.1% of total market revenue
in 2013. It is also expected to be the fastest growing regional market, at an
estimated CAGR of 7% from 2014 to 2020. Rapid refining capacity additions on
account of growing fuel consumption, particularly in China and India, is
expected to spur growth of ILPV in the region.
·
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.
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Grand View Research has segmented the
in-line process viscometer market on the basis of technology, application and
region:
Global In-Line Process
Viscometer Technology Outlook (Revenue, USD Million, 2012 - 2020)
·
Rotational
·
Torsional Oscillation
·
Vibration
·
Moving Piston
·
Coriolis
·
Dynamic Fluid Pressure
·
Acoustic Wave (Solid State)
·
Others
Global In-Line Process
Viscometer Application Outlook (Revenue, USD Million, 2012 - 2020)
·
Petroleum
·
Chemicals
·
Pharmaceuticals
·
Food and Beverages
·
Others
Global In-Line Process
Viscometer Regional Outlook (Revenue, USD Million, 2012 - 2020)
·
North America
·
Europe
·
Asia Pacific
·
Middle East & Africa
·
RoW
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, 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 healthcare.
For more information: www.grandviewresearch.com/
