In Line Process Viscometer Market Research Report - Global Industry Analysis, Size, Growth and Forecast to 2024 | Hexa Research
In Line Process Viscometer (ILPV) Market Size By Application (Chemicals, Petroleum, Food & Beverages, Pharmaceuticals), By Technology (Torsional Oscillation, Rotational, Moving Piston, Vibration, Dynamic Fluid Pressure, Acoustic Wave [Solid State], Coriolis), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 - 2024
In Line Process Viscometer (ILPV) Market Size By Application (Chemicals, Petroleum, Food & Beverages, Pharmaceuticals), By Technology (Torsional Oscillation, Rotational, Moving Piston, Vibration, Dynamic Fluid Pressure, Acoustic Wave [Solid State], Coriolis), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 - 2024
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<strong>In</strong> <strong>Line</strong> <strong>Process</strong> <strong>Viscometer</strong> (ILPV) <strong>Market</strong> <strong>Analysis</strong>, <strong>Size</strong>, Share,<br />
<strong>Growth</strong>, <strong>In</strong>dustry Trends <strong>and</strong> <strong>Forecast</strong> <strong>Report</strong> up <strong>to</strong> <strong>2024</strong> | <strong>Hexa</strong><br />
<strong>Research</strong><br />
The global in line process viscometer (ILPV) market would exp<strong>and</strong> at about 6.5 percent<br />
CAGR during 2016 <strong>to</strong> <strong>2024</strong> (forecast period). It is likely <strong>to</strong> grow <strong>to</strong> USD 210.5 million by<br />
<strong>2024</strong>. Escalating refining capacity worldwide owing <strong>to</strong> energy dem<strong>and</strong> is the key market<br />
driver. ILPV offers real-time moni<strong>to</strong>ring that assists manufacturers <strong>to</strong> check the quality of<br />
products. It also helps them meet regula<strong>to</strong>ry policies.<br />
Expansion across the food & beverages industry <strong>and</strong> rising medical expenses in developing<br />
regions like China, <strong>In</strong>dia, & Brazil should have a positive impact on the market. Dem<strong>and</strong> for<br />
ILPVs from consumer industries such as chemicals, pharmaceuticals, & petroleum may also<br />
propel the market. Additionally, accuracy & reliability of ILPVs bode well for the market <strong>and</strong><br />
push its sales.<br />
However, these viscometers cannot measure multidirectional flow. This coupled with the<br />
ongoing price competition is predicted <strong>to</strong> hamper the progress of market players. Precise<br />
‘fuel viscosity’ control is deemed vital for the au<strong>to</strong>motives industry. ILPVs control fuel<br />
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forecasts <strong>to</strong> help you make better decisions for a stronger future<br />
a<strong>to</strong>mization <strong>and</strong> support effective combustion. This is the key reason for them being widely<br />
accepted by the au<strong>to</strong>motives industry. Technological innovations <strong>and</strong> product developments<br />
also drive market growth.<br />
Significant initiatives for asphalt mixing <strong>and</strong> process control are projected <strong>to</strong> offer numerous<br />
prospects <strong>to</strong> market players. Yet another benefit of these instruments is ‘installation-ease.’<br />
This characteristic augurs well for the market <strong>and</strong> propels its shares. The worldwide ILPV<br />
market is fragmented by applications, technologies, <strong>and</strong> regions.<br />
Petroleum surfaced as a dominating application in 2013. It contributed about 40 percent of<br />
the global sales that year. Food <strong>and</strong> beverages is the fastest growing segment. Its<br />
expansion could be attributed mainly <strong>to</strong> the food & beverages industry across BRICS<br />
countries. Chemicals may grow at around 6.4 percent CAGR during 2012 <strong>to</strong> 2020.<br />
Technologies consist of vibration, rotational, moving the pis<strong>to</strong>n, dynamic fluid pressure,<br />
coriolis, <strong>and</strong> acoustic wave. Vibration reigned over the market <strong>and</strong> generated around 22.3<br />
percent of the overall incomes in 2013. Acoustic wave should be the fastest growing<br />
segment in the near future.<br />
Regions of the in line process viscometer market are Asia Pacific, Europe, North America,<br />
<strong>and</strong> rest of the world. Asia Pacific led the market <strong>and</strong> was followed by North America &<br />
Europe in 2013.<br />
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