Global Flow Computer Market by Types (Hardware, Software, and Support Service), Applications (Liquid & Gas Measurement, Well Head Measurement, Custody & Control, Fuel Monitoring, Well Optimization, and Others), and Regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020-2027
Flow Computer Market Outlook
The global flow computer market size was valued at USD 826.7 Million in 2019 and is projected to reach USD 1,629.4 Million by 2027, expanding at a CAGR of 9.2% during the forecast period, 2020-2027. Flow computer is a device that is made for the determination of the flow of gas and liquids from flow meters. Flow computers record electric signals from pressure transmitters, temperature transmitters, and other devices.
Currently, increasing demand for oil & gas in various applications, is encouraging a number of oil & gas companies to increase the accuracy of the transactions, while manufacturing oil and gas. This, in turn, is rapidly increasing the demand for flow computer in the oil & gas industry.
Many oil & gas manufacturing companies develop advanced computing solutions to improve the capacity of oil & gas. Flow computers are used in wastewater treatment plants owing to the increasing capacity of wastewater treatment. Thus, the flow computers market is segmented based on types, applications, and regions.
Automation in the Oil & Gas Industry
Automation in the oil & gas industry has increased in the last decade and is expected to grow during the forecast period in order to complete manufacturing processes without delay. The oil & gas industry is undergoing digitization and automation to increase efficiency and complete projects within defined budget and time limits.
These initiatives are useful, especially in offshore rigs, for collecting production data within the time limit. The automation sector has evolved from supplying hardware equipment to offering software tools that can translate enormous data into insightful information that can be useful in making strong business decisions.
Workers and Environment Safety
Oil & gas manufacturing companies give utmost priority to the safety of workers and the environment, as it deals with risky operations at remote locations. Safety is ensured by installing systems at field locations that can identify unforeseen events by analyzing the pattern from historical data collected. Flow computers have the ability to detect any malfunction in the system.
The flow computer market is projected to grow during the forecast period due to the increasing implementation of stringent rules and regulations for worker and environmental safety in the oil & gas industry.
Emergence of Electric Vehicle in the Market
The emergence of e-buses and passenger EVs is expected to decrease the oil consumption rate worldwide. Social pressure to reduce fossil fuels consumption and adopt clean energy sources has increased the demand for electric vehicles. Rising demand for electric vehicles is expected to hinder oil demand globally. This, in turn, is estimated to decrease the need for components that are used in fuel manufacturing such as flow computers.
Flow Computer Market Segmental Insights
Based on types, the flow computer market has been categorized as hardware, software, and support service. Flow computers are devices that are used for measuring gas and oil in various applications.
The hardware flow computer consists of mounting adapters, accessories, keypad, pressure transducer, mechanical index, temperature probe, multivariable transmitter, and pulse generating device. The device also includes a local communication port, remote communications options, enclosure processor board, and display. The hardware segment is expected to constitute a considerable share of the market during the forecast period.
On the basis of applications, the flow computer market has been segmented into liquid & gas measurement, well head measurement, custody & control, fuel monitoring, well optimization, others. Flow computers are majorly used for the measurement of liquid and gas flow.
The flow computer is connected to various devices such as gas chromatographs, distributed control systems, and liquid provers; therefore, the computer is primarily used to record the continuous flow of gas and liquid from the flow meter. The data obtained from the flow computer helps in maintaining a volume record, average flowing temperature, and the total supply of gas & oil.
Based on regions, the global flow computer market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The flow computer market in Asia Pacific is anticipated to expand at a significant CAGR during the forecast period.
Improving economic conditions and increasing population are factors that are expected to drive the growth of the manufacturing industry, especially in China, India, South Korea, and Australia, which is projected to further fuel the growth of the market in the region. The market in North America and Europe is projected to expand at a significant CAGR during the forecast period.
Key Benefits for Industry Participants & Stakeholders
- In-depth analysis of the global flow computer market
- Historical, current, and projected market size, in terms of value
- Potential & niche segments and regions exhibiting promising growth covered
- Industry drivers, restraints, and opportunities covered in the study
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Neutral perspective on the global flow computer market performance
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Flow Computer Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Flow Computer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Flow Computer Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Flow Computer Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Flow Computer Market Size & Forecast, 2017-2027
4.5.1 Flow Computer Market Size and Y-o-Y Growth
4.5.2 Flow Computer Market Absolute $ Opportunity
Chapter 5 Global Flow Computer Market Analysis and Forecast By Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Type
5.1.2 Basis Point Share (BPS) Analysis By Type
5.1.3 Absolute $ Opportunity Assessment By Type
5.2 Flow Computer Market Size Forecast By Type
5.2.1 Hardware
5.2.2 Software
5.2.3 Support Service
5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Flow Computer Market Analysis and Forecast By Application
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Application
6.1.2 Basis Point Share (BPS) Analysis By Application
6.1.3 Absolute $ Opportunity Assessment By Application
6.2 Flow Computer Market Size Forecast By Application
6.2.1 Liquid & Gas Measurement
6.2.2 Well Head Measurement
6.2.3 Custody & Control
6.2.4 Fuel Monitoring Well Optimization
6.2.5 Other
6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Flow Computer Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Flow Computer Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Flow Computer Analysis and Forecast
9.1 Introduction
9.2 North America Flow Computer Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Flow Computer Market Size Forecast By Type
9.6.1 Hardware
9.6.2 Software
9.6.3 Support Service
9.7 Basis Point Share (BPS) Analysis By Type
9.8 Absolute $ Opportunity Assessment By Type
9.9 Market Attractiveness Analysis By Type
9.10 North America Flow Computer Market Size Forecast By Application
9.10.1 Liquid & Gas Measurement
9.10.2 Well Head Measurement
9.10.3 Custody & Control
9.10.4 Fuel Monitoring Well Optimization
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis By Application
9.12 Absolute $ Opportunity Assessment By Application
9.13 Market Attractiveness Analysis By Application
Chapter 10 Europe Flow Computer Analysis and Forecast
10.1 Introduction
10.2 Europe Flow Computer Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Flow Computer Market Size Forecast By Type
10.6.1 Hardware
10.6.2 Software
10.6.3 Support Service
10.7 Basis Point Share (BPS) Analysis By Type
10.8 Absolute $ Opportunity Assessment By Type
10.9 Market Attractiveness Analysis By Type
10.10 Europe Flow Computer Market Size Forecast By Application
10.10.1 Liquid & Gas Measurement
10.10.2 Well Head Measurement
10.10.3 Custody & Control
10.10.4 Fuel Monitoring Well Optimization
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis By Application
10.12 Absolute $ Opportunity Assessment By Application
10.13 Market Attractiveness Analysis By Application
Chapter 11 Asia Pacific Flow Computer Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Flow Computer Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Flow Computer Market Size Forecast By Type
11.6.1 Hardware
11.6.2 Software
11.6.3 Support Service
11.7 Basis Point Share (BPS) Analysis By Type
11.8 Absolute $ Opportunity Assessment By Type
11.9 Market Attractiveness Analysis By Type
11.10 Asia Pacific Flow Computer Market Size Forecast By Application
11.10.1 Liquid & Gas Measurement
11.10.2 Well Head Measurement
11.10.3 Custody & Control
11.10.4 Fuel Monitoring Well Optimization
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis By Application
11.12 Absolute $ Opportunity Assessment By Application
11.13 Market Attractiveness Analysis By Application
Chapter 12 Latin America Flow Computer Analysis and Forecast
12.1 Introduction
12.2 Latin America Flow Computer Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Flow Computer Market Size Forecast By Type
12.6.1 Hardware
12.6.2 Software
12.6.3 Support Service
12.7 Basis Point Share (BPS) Analysis By Type
12.8 Absolute $ Opportunity Assessment By Type
12.9 Market Attractiveness Analysis By Type
12.10 Latin America Flow Computer Market Size Forecast By Application
12.10.1 Liquid & Gas Measurement
12.10.2 Well Head Measurement
12.10.3 Custody & Control
12.10.4 Fuel Monitoring Well Optimization
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis By Application
12.12 Absolute $ Opportunity Assessment By Application
12.13 Market Attractiveness Analysis By Application
Chapter 13 Middle East & Africa (MEA) Flow Computer Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Flow Computer Market Size Forecast by Country
13.2.1 GCC Countries
13.2.2 Egypt
13.2.3 South Africa
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Flow Computer Market Size Forecast By Type
13.6.1 Hardware
13.6.2 Software
13.6.3 Support Service
13.7 Basis Point Share (BPS) Analysis By Type
13.8 Absolute $ Opportunity Assessment By Type
13.9 Market Attractiveness Analysis By Type
13.10 Middle East & Africa (MEA) Flow Computer Market Size Forecast By Application
13.10.1 Liquid & Gas Measurement
13.10.2 Well Head Measurement
13.10.3 Custody & Control
13.10.4 Fuel Monitoring Well Optimization
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis By Application
13.12 Absolute $ Opportunity Assessment By Application
13.13 Market Attractiveness Analysis By Application
Chapter 14 Competition Landscape
14.1 Flow Computer Market: Competitive Dashboard
14.2 Global Flow Computer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Emerson Electric Co.
14.3.2 FLOWMETRICS
14.3.3 Honeywell
14.3.4 Kessler-Ellis Products (KEP)
14.3.5 Krohne Messtechnik GmbH
14.3.6 OMNI FLOW COMPUTERS, Inc.
14.3.7 Swinton Technology
14.3.8 TechnipFMC plc
14.3.9 Thermo Fisher Scientific
14.3.10 Yokogawa Electric Corporation