The global flow computers market size reached US$ 1.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 2.1 Billion by 2032, exhibiting a growth rate (CAGR) of 6.29% during 2024-2032.
Market Size in 2023
|US$ 1.1 Billion
Market Forecast in 2032
|US$ 2.1 Billion
|Market Growth Rate 2024-2032
A flow computer is a specialized computer used for calculating, recording and controlling the flow rate of liquids or gases using algorithms. The computers operate through wired or wireless networks to connect to multiple damage-resistant hardware components. They consist of a flow meter, temperature transmitter and pressure transmitter passing through a segmented section of a pipeline that calculates the flow of crude oil, refined oil, natural gas, ethylene and nitrogen. Once the data is recorded, insights are generated regarding the data points, such as temperature, speed of flow, pressure, mass, chemical state and gas density.
Rapid industrialization across the globe represents one of the key factors creating a positive outlook on the market. Flow computers are widely used across industries for fuel monitoring, liquid and gas measurement, wellhead measurement and optimization, pipeline transmission and distribution and custody transfer and control. Furthermore, the increasing requirement for accurate and efficient systems for the measurement of petrochemical and crude oil products is also driving the market growth. Additionally, various technological advancements, such as the integration of the Internet of Things (IoT), artificial intelligence (AI) and cloud computing solutions with the connected devices, are acting as other growth-inducing factors. These technologies offer real-time monitoring and data acquisition from the flow computers. In line with this, the launch of wireless and solar-powered flow computers is also contributing to the growth of the market. Other factors, including the increasing requirement for industrial automation, along with extensive research and development (R&D) activities, are anticipated to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global flow computers market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on component, product and end use industry.
Breakup by Component:
Breakup by Product:
- Wired Flow Computers
- Wireless Flow Computers
Breakup by End Use Industry:
- Oil and Gas
- Water and Wastewater
- Energy and Power Generation
- Food and Beverage
- Pulp and Paper
- Metal and Mining
Breakup by Region:
- North America
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd., Contrec Ltd., Dynamic Flow Computers Inc., Emerson Electric Co, Flow Systems Inc., Flowmetrics Inc., Fluidwell B.V., TechnipFMC plc, Kessler-Ellis Products Co., KROHNE Messtechnik GmbH, Omni Flow Computers Inc., Schlumberger Limited, Schneider Electric SE, Thermo Fisher Scientific Inc. and Yokogawa Corporation of America (Yokogawa Electric Corporation).
|Base Year of the Analysis
||Component, Product, End Use Industry, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||ABB Ltd., Contrec Ltd., Dynamic Flow Computers Inc., Emerson Electric Co, Flow Systems Inc., Flowmetrics Inc., Fluidwell B.V., TechnipFMC plc, Kessler-Ellis Products Co., KROHNE Messtechnik GmbH, Omni Flow Computers Inc., Schlumberger Limited, Schneider Electric SE, Thermo Fisher Scientific Inc. and Yokogawa Corporation of America (Yokogawa Electric Corporation)
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Key Questions Answered in This Report:
- How has the global flow computers market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global flow computers market?
- What are the key regional markets?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global flow computers market and who are the key players?
- What is the degree of competition in the industry?