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The Risks Involved in the Custody Transfer of Oil and Gas Drive the Need for Accurate and Reliable Flowmeters
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Due to increasing concerns over oil and gas prices, precision in the transfer of oil and gas has become critical. To achieve this, flowmeters are used. However, whether the market is ready to use new technology flowmeters or not is an important question. This market insight discusses the use of flowmeters in the global custody transfer market. The flowmeters discussed are ultrasonic, coriolis, differential pressure, positive displacement, and turbine. Revenue analysis, market trends, and a competitive landscape are provided. The base year is 2012, and the forecast period is 2013 to 2017.
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