IMARC Group has recently released a new research study titled “Flow Computers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
How Big is the Flow Computers Market?
The global flow computers market size reached US$ 1.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.5 Billion by 2028, exhibiting a growth rate (CAGR) of 6.8% during 2023-2028.
Industry Definition and Application:
Flow computers convert signals from a gas measurement system to a proper form, such as flow rate. They implement algorithms using analog and digital signals from flow meters, temperature, pressure, and density transmitters. They automate the data management and collection processes so that operators can get a snapshot of the system status and make decisions quickly. They record events and alarms related to the flow meter which are used for custody or fiscal transfer. These computers keep a tally of the volume for each flow meter they monitor and generate a record of this volume on an hourly, daily, batch, or monthly basis. They provide a means to calculate corrected values and interpret data from compensated flow meters.
Flow Computers Market Trends:
The global market is majorly driven by the rapid adoption of advanced technologies to enhance the accuracy of operations across various application sectors. This can be attributed to the fact that flow computers raise preciseness in operations, improve performance, and reduce measurement errors. These factors and the expanding scope of the product with application sectors are expected to drive the market growth in the coming years. The rising product demand in wastewater treatment applications is significantly contributing to the market. Furthermore, the growing requirement for technologically advanced computing systems in numerous industries, such as oil and gas, automotive, and food and beverages, is positively influencing the market.
The introduction of technologically advanced scanner models as well as single- and multi-stream flow computers is creating a positive outlook for the market. Moreover, the escalating demand for the product to analyze and record accurate measurements of products that flow through the pipelines in the petrochemicals sector is catalyzing the market. The strong presence of manufacturing centers and suppliers of electronic computer products is strengthening the market expansion. Additionally, the increasing integration of flow computers with cloud solutions is expected to further provide a boost to the market.
Request a Free PDF Sample of the Report: https://www.imarcgroup.com/flow-computers-market/requestsample
Key Market Segmentation:
The report has segmented the global flow computers market based on component, product, end use industry and region.
Breakup by Component:
- Hardware
- Software
- Services
Breakup by Product:
- Wired Flow Computers
- Wireless Flow Computers
Breakup by End Use Industry:
- Oil and Gas
- Water and Wastewater
- Energy and Power Generation
- Food and Beverage
- Chemical
- Pulp and Paper
- Metal and Mining
- Others
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
Competitive Landscape With Key Players:
The competitive landscape of the flow computers market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- ABB Ltd.
- Contrec Ltd.
- Dynamic Flow Computers Inc.
- Emerson Electric Co
- Flow Systems Inc.
- Flowmetrics Inc.
- Schneider Electric SE
- Fluidwell B.V.
- TechnipFMC plc
- Thermo Fisher Scientific Inc.
- Yokogawa Corporation of America (Yokogawa Electric Corporation)
- Kessler-Ellis Products Co.
- KROHNE Messtechnik GmbH
- Omni Flow Computers Inc.
- Schlumberger Limited
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
134 N 4th St
Brooklyn, NY 11249, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800
