Industry Insights
Global petrochemical capacity expansion on account of higher per capita energy consumption is expected to drive in-line process viscometer (ILPV) market over the next six years. Petrochemical industries use ILPV owing to accurate fuel viscosity measurements and lowest set up costs. Increasing oil & gas exploration and drilling activities worldwide is expected to significantly augment ILPV market growth. They are gaining increasing importance in oil drilling & fracturing fluids owing to their ability to measure accurate fluid viscosity pumped into the wellbore. Pumping incorrect viscosity fluids would result into financial loses and increase overall cost of the drilling project.
Increasing production of automobiles worldwide is expected to fuel ILPV market growth over the forecast period as it is gaining acceptance in automotive industry owing to accurate control in maintaining fuel viscosity index. It controls fuels atomization through correct viscosity index which in turn is beneficial for efficient fuel combustion. Positive outlook on the growth of food processing industry is expected to drive ILPV market over the next six years. Food processing industry requires consistent food textures dependent on accurate fluid viscosity readings throughout the production process.
Browse Global In-line Process Viscometer (ILPV) Market Report with Full TOC at: http://www.hexaresearch.com/research-report/line-process-viscometer-ilpv-market-analysis-segment-forecasts-2020/
Inability to measure multidirectional fluid flow coupled with price wars among industry participants is expected to hamper ILPV market growth. Tracking real time parameters during multidirectional flow coupled with increasing niche application in pharmaceutical & healthcare is expected to provide a key opportunity for ILPV market growth.
Technology Insights
ILPV technology varies owing to measurement of different fluid’s viscosity in various industries. Key technologies include...