According to a recent market study published by the Growth Market Reports titled, Global Flow Computer Market by Types, Applications, and Regions: Size, Share, Trends and Opportunity Analysis, 2017-2027, the market was valued at USD 826.7 Million in 2019 and is expected to expand at a healthy growth rate of 9.2% by the year 2027. A flow computer is a device that computes a corrected flow based on information derived from flow meters.

The flow computer is an essential device that helps to keep track of or determining any changes that affect measurements and changes in flow rate, density, and temperature. Flow computer data plays a pivotal role to point out any malfunction in the flow meter. The flow computers increase the measurement operations and metrology performance by reducing the measurement uncertainty, which in turn, drives the growth of the flow computer market.

The global flow computer market is fragmented based on types, applications, and regions. Based on types, the flow computer market has been categorized as hardware, software, and support services. In terms of applications, the flow computer market has been segmented into fuel monitoring, liquid & gas measurement, custody & control, well optimization, well head measurement, and others.

On the basis of regions, the global flow computer market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). North America region is further bifurcated into the U.S., and Canada. Latin America is further split into Brazil, Mexico, and Rest of Latin America, Asia Pacific is classified as India, China, South Korea, Australia, Japan, and Rest of Asia Pacific. Europe is categorized into the UK, France, Germany, Italy, Spain, Russia, and Rest of Europe, and the MEA is further divided into GCC, Egypt, South Africa, and Rest of Middle East & Africa.

Request a free sample copy: https://growthmarketreports.com/request-sample/28

As per Growth Market Reports’s industry analyst Akshata Ahire, “The Global Flow Computer Market is anticipated to witness significant growth during the forecast period, 2021–2027. Flow computers are extensively used in the oil & gas industry. According to several studies on the oil industry, the demand for oil is expected to increase by 2027. Furthermore, the market in China and India is expected to grow at a significant pace during the forecast period.

The oil & gas industry is estimated to expand substantial growth rate over the next years due to the heavy consumption of fuel by Asia Pacific countries. The oil & gas industry involves many different types of equipment and materials to manufacture end products. Identifying and controlling hazards during the manufacturing processes is essential to prevent injuries and deaths. The constant flow monitoring not only damages the flow meter, but also damages to the machine tools, which can cause fatal accidents. Flow computer reveal these discrepancies to the personnel in the oil & gas industry.”

Key Takeaways from the Study

  • The US-based company, Emerson Electric Co., held approximately one-fourth of the market share of the global flow computer market in the year 2019.

  • The market in North America is anticipated to account for a significant share of the flow computer market, followed by Europe, owing to technological advancements.

  • In terms of revenue, the liquid & gas measurement segment is expected to register substantial incremental opportunity for flow computer providers. 

  • The hardware segment is anticipated to expand at a significant growth rate and is expected to expand at a considerable CAGR during the forecast period. The hardware segment generated a revenue of approximately USD 356.9 million in 2019. 

Report Scope

Report Metric

Details

Market Value in 2019

USD 826.7 Million

Market Growth Rate (from 2020 to 2027)

9.2%

Historical Data

2017 & 2018

Base Year

2019

Forecast Period

2020 - 2027

Units Considered

Value (USD Million)

Market Segments

By Types, By Applications

Regional Scope

North America, Europe, Latin America, Asia Pacific, Middle East & Africa (MEA)

Country Scope

The US, Canada, Brazil, Mexico, Rest of Latin America, India, China, Japan, Australia, Rest of Asia Pacific, the UK, France, Germany, Italy, Russia, Rest of Europe, GCC countries, Egypt, South Africa, and Rest of MEA.

Key Companies Profiled

Emerson Electric Co.
FLOWMETRICS
Honeywell 
Kessler-Ellis Products (KEP)
Krohne Messtechnik GmbH
OMNI FLOW COMPUTERS, Inc.
Swinton Technology
TechnipFMC plc
Thermo Fisher Scientific
Yokogawa Electric Corporation

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

 

Target Audience

  • Supply side: Flow Computer manufacturers, raw material suppliers, primary respondents, and distributors

  • Demand side: Research & Development Facilities, Oil and gas manufacturing units, and others

  • Regulatory side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies

  • Associations and industry bodies: Environmental Protection Agency (EPA), International Organization for Standardization (ISO), Ministry of Health, Labor and Welfare (MHLW), World Trade Organization (WTO), Occupational Safety and Health Administration (OSHA), and American National Standards Institute(ANSI)