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The global flow computers market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 7% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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.
IMARC Group provides an analysis of the key trends in each sub-segment of the global flow computers market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on component, product and end use industry.
Breakup by Component:
Breakup by Product:
Breakup by End Use Industry:
Breakup by Region:
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||2020|
|Segment Coverage||Component, Product, End Use Industry, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||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)|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
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Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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