Relative growth over the years

Flow Research published the ninth edition of a study on the worldwide flowmeter market which included all technologies, earlier in May.
It is a significant edition of the study because it represents Flow’s first look at the entire flowmeter market since the Covid-19 pandemic.
The approach was to study the market for each flowmeter type individually and then assemble all these individual markets into a picture of the total flowmeter market, worldwide and by region, over the past couple of years.
It is interesting and instructive to see how the flowmeter market has changed since 2019, which was the base year for the study preceding this one.
One of the main differences between the two years, 2019 and 2022, is the extent to which “new-technology” flowmeters continued to dominate the flowmeter market, a consistent trend in the flowmeter market for the past 20 years.

What are new-technology flowmeters?

Companies were first introduced to the term new-technology flowmeters back in an article in February 2001.
In the piece, Coriolis, magnetic, ultrasonic and vortex meters were described as...