Riding on the crest of a wave
According to a new study from Flow Research, The World Market for Thermal Flowmeters, 3rd Edition it found that the worldwide thermal flowmeter market totalled $190 million (€171 million) last year and was projected to increase at a compound annual growth rate (CAGR) of 4.7% per year through to 2027.
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The study expects multipoint thermal meter revenues to grow faster than inline and singlepoint insertion types. It identifies landfill gas and biogas recovery as the fastest growing applications for thermal meters, with biomass fermentation and recovery growing second fastest.
“The future of gas measurement is extremely promising,” said Dr Jesse Yoder, president of Flow Research.
“Natural gas is no longer just a bridge to renewables, it is a renewable. As biogas and biogenic methane become more and more mainstream, new opportunities in gas flow measurement are multiplying, and thermal technology is well positioned to take advantage of that trend.
“Thermal meters aren’t accurate enough for...