The new Positive Displacement study comes at a special time for the PD flowmeter market. PD suppliers suffered along with other flowmeter suppliers through the pandemic. Now with the pent-up demand for refined fuels requiring more flow measurement, positive displacement suppliers are in a position to benefit from the growing economy.
In conducting this study all known suppliers of positive displacement flowmeters worldwide have been contacted. Many of these companies have cooperated in providing data and illustrations for this important study. Besides market size and forecasts, the study features growth factors, company profiles, product analyses, market shares, and much more.
In order to provide an accurate perspective on the 2020 market, data on the PD markets in both 2019 and 2020 was collected. "The year of the pandemic, 2020, was a year like no other, and making this the base year would not provide a frame of reference for what came before or for what is happening now. Thus, this study has two base years, 2019 and 2020, with forecasts through 2024. This captures the effect of the pandemic, the resulting recovery based on pent-up demand, and the brighter future that lies ahead," said Flow Research's Jesse Yoder.
While the positive displacement flowmeter market was affected by the pandemic, these meters excel in downstream applications, and are less impacted by upstream changes in oil and gas production. As a result, the PD market is in a position to recover more quickly from the 2020 downturn as demand ramped up more quickly than supply in 2021. The crude oil inventories built up in 2020 have declined, helping push crude oil prices to over $70 and at times over $80 per barrel.
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