Flow Computer Market to hit USD 1.93 Billion by 2030, registering a 6.72% CAGR
The global flow computer market is garnering significant traction. The growth in IoT-based solutions drives the demand for flow computers excellently. Accurate & reliable liquid and gas monitoring & measurement are essential in various industries. Resultantly, flow computers demonstrate tremendous market opportunities.
Additionally,
the advantages of flow computers, such as high reliability & performance,
compact size, and rapid data processing, substantiate the market shares. With
increasing applications of flow computers in fuel monitoring and liquid &
gas measurement, the market is projected to create a substantial revenue pocket
in the next few years.
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According
to Market Research Future (MRFR), the global flow computer market would reach
exponential valuation by 2027, growing at a phenomenal CAGR during the review
period (2020-2027). Also, increasing uses of flow computers for wellhead
measurement & optimization and pipeline transmission & distribution
create vast market opportunities.
On the
flip side, complex design structure and lack of customization are key factors
affecting the growth of the flow computer market. Nevertheless, substantial
R&D investments and initiatives by public and private sectors in developing
and improving flow computers and increasing product development & launches
would support the market growth throughout the assessment period.
Global
Flow Computer Market - Segmentation
The
report is segmented into components, operations, connectivity, equipment,
applications, and regions. The component segment is sub-segmented into
hardware, software, and services. The operations segment is sub-segmented into
single-stream flow computers and multi-stream flow computers.
The
connectivity segment is sub-segmented into wired flow computers and wireless
flow computers. The equipment segment is sub-segmented into pressure gauges,
temperature probes, gas composition sensors, meter prover, sampling system,
density measurement equipment, and others.
The
application segment is sub-segmented into fuel monitoring, liquid & gas
measurement, wellhead measurement & optimization, pipeline transmission
& distribution, and others. The region segment is sub-segmented into
Americas, Europe, Asia Pacific, and the Rest-of-the-World.
Flow
Computer Market - Geographical Analysis
North
America accounts for the leading region in terms of the largest flow computer
market share. Increased investments in developing new technologies and upgrade
existing ones to converge with the surging demand for Industrial Internet of
things (IIoT) are major flow computer market trends.
Besides,
rising applications of flow computers in aeronautics and air force to avoid
air-collision, detecting small, low-flying drones that radars can’t see, boosts
market size. Stringent government regulations towards vehicle emission and
environment protection further influence the market growth.
Flow
Computer Market - Competitive Landscape
Highly
competitive, the flow computer market appears to be fragmented due to the
presence of several well-established players. These players incorporate
strategic initiatives such as acquisition, collaboration, partnership,
expansion, and product/ technology launch to maintain their positions and gain
a competitive advantage in this market.
Major
Players:
Key
players leading the global flow computer market include Honeywell International
Inc., ABB Ltd., Schneider Electric SE, Emersion Electric Co., Yokogawa Electric
Corporation, Rockwell Automation (Allen-Bradley), KROHNE Messtechnik GmbH
(KROHNE Group), ProSoft Technology Inc. (Belden Inc.), OMNI Flow Computers,
Inc., Thermo Fisher Scientific Inc., Schlumberger Limited, Contrec Ltd., Flow
Systems, Inc., Dynamic Flow Computers, Inc., Kessler-Ellis Products, Co., Flowmetrics,
Inc., and TechnipFMC PLC (FMC Technologies Measurement), among others.
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