exploration projects planned in European countries will significantly boost the demand for turbine flow meters.
However, the depression that currently engulfs the global oil market owing to the continuously declining crude oil prices can hamper the overall development of the global turbine flow meters market to a certain extent. The development of numerous newer volumetric flow measuring devices at a rapid pace owing to technological advancements is also expected to hinder the growth of the global turbine flow meters market to a certain extent on the global front.
The market features a large number of companies offering customized turbine flow meters according to the specific regulations associated with operations at subsea facilities. Companies offer a wide range of turbine flow meters that are chosen on the basis of the characteristics of the fluid / gas under observation. Based on flow range, the market is segmented into 1100-2250 l / min, 250-1100 l / min, 50-250 l / min, and 1.2-50 l / min.
Some of the major vendors operating in the global turbine flow meters market for subsea operation are Environmental Technologies Ltd., Flowtechnik Ltd, Omni Instruments Ltd., AW-Lake Company, ABB Ltd., Hoffer Flow Controls, Inc.
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