Flow Computers Market Size, Share, Industry Trends Analysis 2020, & Forecast 2021-2026 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Flow Computers Market


The global Flow Computers market size is projected to reach US$ 1454 million by 2026, from US$ 926.52 million in 2020, at a CAGR of 7.8% during 2021-2026. Increasing need for technologically advanced computing systems has been driving the market across the globe. Adoption of advanced flow computing technology is estimated to increase in industries such as oil & gas, water & wastewater, automotive, and food & beverage.

Furthermore, introduction of technologically advanced such as scanner model, single stream, and multi-stream flow computers is expected to work in favor of the market during the same period. The oil & gas, chemical, and water & wastewater industries are widely adopting process automation owing to reduction in cost of technology, labor cost, and fuel prices.

Flow computers are designed to improve the efficiency of measuring operations by reducing uncertainty in measurements, enhancing metrology performance, and ensuring compliance with measurement contracts. For Instance, Emersons electronic computers have capabilities that make measurement system accurate and robust by maintaining integrity of measurement systems, meeting target cost, and enhancing operations.

Surging demand for flow computers in North America can be attributed to growing demand for automation of oil & gas operations. The region held the highest share in the market in 2017 on account of presence of a large number of manufacturers and suppliers. Soaring need for advanced and reliable computing is responsible for the growth of the market.

Market Segmentation, Outlook & Viewpoint: Global Flow Computers Market

Component Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
Hardware
  
Software
  
Services

Product Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
Wired Flow Computers
  
Wireless Flow Computers

Application Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
Oil & Gas
  
Water & Wastewater
  
Energy & Power Generation
  
Food & Beverage
  
Chemical
  
Pulp & Paper and Metal & Mining
  
Others

Key Players, Recent Developments & Regional Insights: Global Flow Computers Market

Based on product, the market has been segmented into wired and wireless flow computers. The wired segment accounted for the dominant share in the global flow computers market in 2017. It is estimated to retain its position through 2025, owing to growing use of electronic computers and computing measurements in the process industry. The water & wastewater, oil & gas, and chemical industries are expected to fuel the demand for flow computers during the forecast period. The wireless segment is likely to witness significant growth during the forecast period as this type of flow computer offers improved protection during data integration as compared to conventional automation solution.

Application Insights

Based on application, the market is segmented into oil & gas, water & wastewater, energy & power generation, food & beverage, chemical, pulp & paper and metal & mining, and others. The oil & gas industry is poised to lead the market throughout the forecast period.

Burgeoning demand for shale oil & gas has been fueling the demand for flow computers in the sector. Electronic computers record input signals and interpret data from flow meters. The interpreted data is processed using standard algorithms to calculate mass or volume-based flow, which is used in flow measurements in the oil & gas industry.

The water & wastewater industry in Asia Pacific is projected to be one of the prominent end users of the product. Countries such as China, India, South Korea, and Australia in Asia Pacific are witnessing industrial development and rapid urbanization, which are escalating the need for water supply and wastewater treatment, further supplementing the growth of the segment.

Regional Insights

North America represented more than one third of the overall market revenue in 2017. The growth of the region can be attributed to domicile of a large number of flow computers manufacturers. The U.S. is one of the prominent manufacturing hubs and providers of electronic computer products such as Emerson Electric Co.; Yokogawa Corporation of America; Schlumberger Limited; and Honeywell International Inc.

Countries in Asia Pacific such as China, Japan, India, and Australia are anticipated to generate considerable revenue over the coming years owing to development of advanced products and increasing number of manufacturing facilities. The region is estimated to post the highest CAGR during the forecast period. In Europe, electronic computers are widely adopted for water and wastewater management. Europe is expected to rise to the fore in the global arena by 2025.

Flow Computers Market Share Insights

Some of the prominent companies in the market are 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.

In October 2015, Emerson Electric Co announced the next generation of flow computers family, designed to offer faster and reliable measurements. Likewise, in May 2018, Thermo Fisher Scientific Inc. launched a new range of measurement instruments, namely Thermo Scientific AutoXP flow computer. The key manufacturers are focusing on introducing advancements in electronic computers to record data more accurately.

Key Insights Covered: Global Flow Computers Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Flow Computers industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Flow Computers industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Flow Computers industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Flow Computers industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Flow Computers industry.

Research Methodology: Global Flow Computers Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other