The Factors That Influence The Flow Of The Market

- Aug 07, 2017 -

Driving factors According to the International Energy Agency (IEA) forecast, from 2007 to 2030 global demand for energy infrastructure total investment of 26.0 trillion US dollars (in 2007 dollar value). Among them, the power industry investment 13.6 trillion US dollars, accounting for 52.3% of the total investment. By 2030, many parts of the world's oil, gas and electricity infrastructure will need to be replaced. In the long run, the foreseeable energy investment will bring no small development space to the application of flowmeters in the oil and gas and energy industry sectors.

Faced with a competitive environment, and in response to the global demand for energy-saving emission reduction, various industry users pay more attention to the production plant operating efficiency, as much as possible to reduce energy consumption to improve competitiveness. As a result, a significant amount of investment is being used to increase plant automation levels and on-site data collection and real-time monitoring to improve plant process control efficiency. For example, in the oil and gas and energy industries, closed transmission facilities require reliable performance of fluid measurement equipment; chemical and pharmaceutical industries need high-precision flowmeter, etc., all the trends will drive the development of sensors and field devices (including flow meters) The

The introduction of electronic technology, such as digital signal processing (DSP) and microprocessors, is introduced in the flowmeter, which allows the flowmeter to have a self-diagnostic function and to communicate better with the production control level. Improve the performance to better meet the needs of industry users, to the flow meter to create more market space.

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