Global In-Line Process Viscometer (ILPV) Market Demand Expected To Grow In Petroleum Applications From 2014 To 2020: Grand View Research, Inc.
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.
Full report with TOC available at http://www.grandviewresearch.com/industry-analysis/in-line-process-viscometer-ilpv-market
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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For the purpose of this study, 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)
• Torsional Oscillation
• Moving Piston
• Dynamic Fluid Pressure
• Acoustic Wave (Solid State)
• Global In-Line Process Viscometer Application Outlook (Revenue, USD Million, 2012 - 2020)
• Food and Beverages
• Global In-Line Process Viscometer Regional Outlook (Revenue, USD Million, 2012 - 2020)
• North America
• Asia Pacific
• Middle East & Africa
More reports from Drilling & Extraction Equipments category available at http://www.grandviewresearch.com/industry/oil-and-gas-drilling-and-extraction-equipments
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/
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