The global flow computers market size is likely to reach USD 1.33 billion by 2025, rising at a CAGR of 7.8% during the forecast period, according to the new report by Grand View Research, Inc. The adoption rate of flow computers is poised to gain traction over the coming years, particularly in industries such as oil & gas, owing to introduction of technologically advanced products such as scanner model flow computers, which offer processing power and support gas chromatograph, in addition to two integral flow runs for managing fluid property calculations.
Software is projected to be the most promising component segment during the forecast period. The software helps audit and verify produced data. The service segment is also anticipated to witness noteworthy growth during the forecast period owing to flow computers demand repair and maintenance on a regular basis.
The wired flow computers segment is estimated to dominate the market throughout the forecast period owing to surging demand for these computers in wastewater treatment and power plant projects. Addition of wireless systems and solar powered systems in flow computers has increased the ability of these computers to reliably access the data from remote locations. The wireless flow computers segment is expected to experience the highest CAGR during the forecast period.
The demand for flow computers is likely to be high in the water & wastewater industry as they are used to interpret data received from flow meters by measuring static & differential pressure and temperature. These computers gather output signals of flow meters and the information is subsequently assimilated and converted to mass and volume-based flow.
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North America represented the leading share in the market in 2017. Domicile of key manufacturers of flow computers has been contributing to the growth of the regional market. Asia Pacific is poised to register the highest CAGR during the forecast period owing to advancements in flow computers, growing urbanization, and industrial development.
Further key findings from the report suggest:
- Increasing refinery and liquefied natural gas (LNG) projects are projected to stoke the growth of the market during the forecast period
- The hardware segment is anticipated to dominate the market throughout the forecast horizon. Hardware products support the flow metering solutions.
- In the oil & gas industry, flow computers are used for fuel monitoring and liquid & gas measurement. Flow computing software in the oil & gas industry is used on a standard computer and provides measurement values for virtual flow computers acquired by data communication devices
- The key industry participants include Yokogawa Corporation of America; ABB; SICK AG; Emerson Electric Co; Schlumberger Limited; Schneider Electric; Thermo Fisher Scientific Inc.; FMC Technologies, Inc.; and Honeywell International, Inc..
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Key Topics Covered
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
2.2 Flow Computers Market-Industry Snapshot
Chapter 3 Industry Outlook
3.1 Market Segmentation &Scope
3.2 Flow Computers Market Size and Growth Prospects
3.3 Flow Computers Market-Value Chain Analysis
3.4 Market Dynamics
3.4.1 Market driver analysis
22.214.171.124 Increasing need for implementation of advanced technology and reliable flow computing systems
126.96.36.199 Growing demand for wastewater treatment to reduce the concentration of contaminants
3.4.2 Market restraint analysis
188.8.131.52 Reducing cost of oil & gas
3.4.3 Market opportunity analysis
184.108.40.206 Increasing adoption of process automation in the oil & gas industry
220.127.116.11 Advancements in the flow computing software
3.4.4 Market challenge analysis
18.104.22.168 Advanced computing devices
3.5 Flow computers Market-Key Company Analysis, 2017
3.6 List of Other Industry Participants in the Flow Computers Market
3.7 Flow Computer Market Industry Analysis-Porter’s Five Forces Analysis
3.8 Flow Computers Market-PESTEL Analysis
Chapter 4 Flow computers Market: Component Estimates & Trend Analysis
4.1 Flow Computers Market: Component Analysis
22.214.171.124 Market estimates and forecasts, 2014 – 2025 (USD Million)
126.96.36.199 Market estimates and forecasts, 2014 – 2025 (USD Million)
188.8.131.52 Market estimates and forecasts, 2014 – 2025 (USD Million)
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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