Turbine Flow Meters for Subsea Applications Market Trends 2015 - 2023 oct 2016 | Page 2

REPORT DESCRIPTION

Turbine flow meters are velocity measurement devices used for measuring the volumetric flow of
liquid/gas. At oil and gas facilities, turbine flow meters are deployed for the transfer of hydrocarbons and
gases in a controlled manner. Advanced turbine flow meters commonly used at oil and gas facilities
incorporate the functionality of flow computers for correcting properties such as pressure, fluid, and
temperature of the gas/liquid under observation and achieve the desired accuracy for the application.
Other than the oil and gas industry, turbine flow meters find miscellaneous applications in water,
chemicals, and the food and beverages industries.
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Global turbine flow meters market have features that make them an excellent choice for volumetric
measurement devices in the subsea industry. The flow sensing elements used in turbine flow meters are
compact and light in weight compared to other metering technologies. As a result, turbine flow meters are
suitable for subsea operations at different depth levels. The high accuracy and fast speed response of
turbine flow meters also make them highly viable for subsea operations.
Rise in Global Subsea Activities Boost Global Demand
The continuous rise in energy demands from the mounting global population and the strengthening
industrial sector in the past few years, coupled with matured onshore reserves of oil and gas, have boosted
exploration and production activities from subsea reserves. With the section of subsea oil and gas
exploration and production garnering an increased level of attention on a global front, the market for
turbine flow meters is also expected to tread along an upward growth trajectory in the coming years.
The market is benefitting especially from the rising offshore oil and gas exploration and production
activities in Africa and Brazil in the next few years. A number of planned expansion projects and the vast
offshore reserves in West Africa are potential growth sectors for the global market for turbine flow meters.
Strict guidelines related to operations at oil and gas facilities in Europe could prove to be another
significant factor propelling the market in the near future. Along with this, a number of shallow water