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Flow computers are measurement devices that continuously monitor and calculate flow parameters like flow rate, temperature and pressure of fluids in industrial pipelines. They offer accurate flow measurement which is crucial for critical applications like oil & gas production. Flow computers help optimize processes, reduce costs and ensure regulatory compliance.
The global Flow Computers Market is estimated to be valued at US$ 679.5 Mn in 2023 and is expected to exhibit a CAGR of 9.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The rising demand for flow measurement accuracy from industries like oil & gas, chemicals and water & wastewater treatment has been a key trend driving the growth of flow computers market. Flow computers offer high precision flow measurement capabilities through advanced technologies like ultrasonic flow meters and corrosion-resistant sensors. They help end-users optimize production and gain real-time insights into pipeline operations. This has increased their adoption across industries for applications like custody transfer, allocation and production optimization. The accurate flow measurement provided by computerized flow meters is expected to drive the demand over the forecast period.
Segment Analysis
The global flow computers market is dominated by the oil & gas sub-segment. The oil & gas industry widely utilizes flow computers to measure the flow rates of crude oil, natural gas and petroleum products at production wells, processing facilities and transportation pipelines. Flow computers provide accurate real-time measurement and control of production volumes in the oil & gas industry.
Key Takeaways
The global Flow Computers Market is estimated to be valued at US$ 679.5 Mn in 2023 and is expected to exhibit a CAGR of 9.6% over the forecast period 2023 to 2030.
Regional analysis: North America holds the largest share in the global flow computers market, followed by Europe and Asia Pacific. The United States accounts for majority of the demand for flow computers powered by increasing oil & gas production activities in the country. China and India are fast emerging as lucrative markets for flow computers given growth in their domestic energy production.
Key players: Key players operating in the flow computers market are Emerson Electric Co., ABB, Schlumberger, Honeywell International Inc., FMC Technologies, Yokogawa Electric Corporation, Omni Flow Computers, Inc., Dynamica Group Ltd., Contrec Ltd., Fluid Components International (FCI), Kessler-Ellis Products Co., Equflow AS and Procon Systems Ltd. Emerson holds the leading position with wide portfolios of flow computers for hydrocarbon applications across onshore and offshore environments. Honeywell’s flow computers have gained popularity for providing edge computing capabilities to the oil & gas industry.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
