In Line Process Viscometer (ILPV) Market Demand, Regional Overview, Business Growth & Forecast To 2023

The cut-throat competition in the global O&G sector has led companies to ensure accurate measurements of refined products, thus fueling ILPV market. The oil & gas sector has been growing at a remarkable pace, with the increasing number of oil drilling and shale gas exploration activities. Consequently, the necessity to ensure real-time measurements of refined products has increased, which has augmented the demand for process viscometers, thereby leading to the massive growth of in line process viscometer market.
ILPVs are quite easy to install and can be used to track viscosity levels on a regular scale. This will eventually lead to reduced operational costs, thereby increasing the product demand across automation processes in oil refineries and lubricants, adhesives, and other fluid-based businesses. In response, ILPV industry is anticipated to cross a valuation of USD 225 million by 2023, with a CAGR estimation of 6.5% over 2016-2023. It has been observed that most oil refineries and adhesive, polymer, lubricant, asphalt, and petrochemical factories prefer utilizing the torsional technology on account of its advantages, subject to which ILPV market from torsional oscillation is forecast to exhibit gains of more than 6.8% over 2016-2023. North America ILPV industry from torsional oscillation technology, led by the U.S., is likely to register USD 10 million by 2023, with a CAGR estimation of 6.4% over 2016-2023.
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Vibration technology is another lucrative technology segment of ILPV market that is slated to garner a valuation of more than USD 48 million by 2023. This growth can be credited to the rise in demand for accurate and reliable fluid processes, which will fuel the product requirement. In addition, the increasing application of the product in plastics, paper, paints, coatings, oils, shampoos, adhesives, and inks will further impel the industry share over the coming six years.
Asia Pacific is foreseen to emerge as one of most profitable business avenues for ILPV market. Led majorly by India and China, APAC dominated the global landscape in 2015 and is likely to record a valuation of more than USD 66 million by 2023. This growth can be attributed to the presence of numerous oil refineries and chemical factories across the region, which have fueled the product demand, thereby impelling the regional ILPV industry. As per estimates, APAC ILPV market from the food & beverages sector is expected to cross USD 9 million by 2023, with a CAGR projection of 7.5% over 2016-2023.
The petroleum sector led the overall ILPV industry in 2016. Subject to the rising crude oil market competition, process yield, operational efficiency, and product quality have become key parameters based on which the petroleum sector will generate sales. On these grounds, ILPV market from the petroleum sector will amass a revenue of USD 85 million by 2023. This segment is also slated to achieve remarkable gains across the LATAM belts. As per estimates, LATAM industry will record a revenue of around USD 3 million, with a CAGR estimation of 6.6% over 2016-2023.
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Global in line process viscometer market is slightly consolidated, and involves the presence of Brookfield Engineering, ProRheo, Cambridge Viscosity, and Anton Paar.
Partial Chapter of the Table of Content
Chapter 2     Executive Summary
2.1    In line process viscometer industry 360° synopsis, 2012 - 2023
Chapter 3     In Line Process Viscometer (ILPV) Industry Insights
3.1    Industry segmentation
3.2    Industry Size and forecast, 2012-2023
3.3    Industry ecosystem analysis
3.3.1 Vendor landscape
3.4    Industry Impact forces
3.4.1    Growth drivers
3.4.1.1    Increasing applications scope in petrochemical industries
3.4.1.2    Stabilization control for accuracy
3.4.1.3    Low operational cost
3.4.1.4    Growing automation need
3.4.1.5    Increase in chances for profitability and productivity
3.4.2    Industry pitfalls & challenges
3.4.2.1    Price competition
3.4.2.1    Limitation in multi directional flow measurement
3.5    Growth potential analysis
3.6    ILPV company market share analysis, 2015
3.7    Porter’s analysis
3.8    PESTEL analysis
Chapter 4     In-line Process Viscometer( ILPV) Technology Insights
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