Product Code: CMI6424
The flow computers market size is expected to reach US$ 1,291.2 Million by 2030, from US$ 679.5 Million in 2023, growing at a CAGR of 9.6% during the forecast period.
Report Coverage |
Report Details |
Base Year: |
2022 |
Market Size in 2023/2024: |
US$ 679.5 Mn |
Historical Data for: |
2018 to 2021 |
Forecast Period: |
2023 - 2030 |
Forecast Period 2023/2024 to 2030/2031 CAGR: |
9.60% |
2030/2031 Value Projection: |
US$ 1,291.2 Mn |
Figure 1. Global Flow Computers Market Share (%), by Region, 2023
Flow computers are advanced electronic devices used in the oil and gas industry to measure and control the flow rates of various fluids, such as gases, liquids, and steam. These devices are crucial components in ensuring the accurate and reliable measurement of flow rates, which is essential for optimizing production, ensuring operational efficiency, and complying with regulatory requirements.
The global flow computers market has been witnessing significant growth in recent years, driven by the increasing demand for accurate measurement and control systems in the oil and gas industry. The growing need for energy resources, coupled with the rising complexity of production operations, has created a strong demand for advanced flow computing solutions. Additionally, strict regulations and compliance standards aimed at improving operational safety and efficiency have further fueled the adoption of flow computers in the industry.
Market Dynamics:
The flow computers market is primarily driven by factors such as the growing demand for accurate flow measurement and control systems, the increasing complexity of production operations, and stringent regulations imposed by government bodies. The need for precise flow measurement and control in various industries, including oil and gas, chemicals, and water and wastewater, has created a significant market opportunity for flow computers.
However, there are several challenges and restraints that hinder the market growth. The high installation and maintenance costs associated with flow computer systems are a major concern for end-users. Moreover, the complexity of integrating flow computers with existing systems and the lack of skilled professionals to operate these devices pose challenges for market growth.
Despite these challenges, the market is expected to witness significant growth opportunities in the coming years. The advancements in flow computing technologies, such as the integration of artificial intelligence and machine learning algorithms, are expected to enhance the accuracy and efficiency of flow measurement systems. Additionally, the increasing adoption of Industrial Internet of Things (IIoT) and automation technologies in the oil and gas industry is expected to drive the demand for flow computers.
Key Features of the Study:
- This report provides in-depth analysis of the global flow computers market, including market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), with 2022 as the base year.
- It elucidates potential revenue opportunities across different segments and provides attractive investment proposition matrices for the market.
- This study also provides key insights into market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
- Key players in the global flow computers market are profiled based on parameters such as company highlights, product portfolios, key highlights, financial performance, and strategies.
- Key companies covered in this study include Emerson Electric Co., ABB Ltd., Thermo Fisher Scientific Inc., Yokogawa Electric Corporation, Schneider Electric SE, Honeywell International Inc., Siemens AG, Badger Meter Inc., AMETEK Inc., Equinor ASA, KT-Flow, KROHNE Group, OMNI Flow Computers Inc., Schlumberger Limited, SICK AG, Logic Beach Inc., Flowmetrics Inc., Contrec Ltd., Kessler-Ellis Products Co., and TechnipFMC plc.
- Insights from this report will enable marketers and management authorities to make informed decisions regarding future product launches, technological upgrades, market expansion, and marketing tactics.
- The global flow computers market report caters to various stakeholders in the industry, including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders will have ease in decision-making through various strategy matrices used in analyzing the global flow computers market.
Flow Computers Market Segmentation:
- By Component
- Hardware
- Software
- Services
- By Product Type
- Wired
- Wireless
- Plug & Play
- Others
- By Connectivity
- HART
- Foundation Fieldbus
- Profibus
- Modbus
- Ethernet
- Others
- By End-use Industry
- Oil & Gas
- Energy & Power
- Water & Wastewater
- Food & Beverage
- Chemicals
- Metals & Mining
- Others
- By Application
- Fiscal Metering
- Liquid & Gas Measurement
- Wellhead Measurement & Optimization
- Pipeline Transmission & Distribution
- Process Control & Monitoring
- Others
- By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
- Top companies in Flow Computers Market:
- Emerson Electric Co.
- ABB Ltd.
- Thermo Fisher Scientific Inc.
- Yokogawa Electric Corporation
- Schneider Electric SE
- Honeywell International Inc.
- Siemens AG
- Badger Meter, Inc.
- AMETEK Inc.
- Equinor ASA
- KT-Flow
- KROHNE Group
- OMNI Flow Computers, Inc.
- Schlumberger Limited
- SICK AG
- Logic Beach Inc.
- Flowmetrics, Inc.
- Contrec Ltd.
- Kessler-Ellis Products Co.
- TechnipFMC plc
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Flow Computers, By Component
- Market Flow Computers, By Product Type
- Market Flow Computers, By Connectivity
- Market Flow Computers, By End-use Industry
- Market Flow Computers, By Application
- Market Flow Computers, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Increasing demand for higher efficiency in fiscal metering
- Increasing oil & gas exploration activities
- Growing need for enhanced process visibility and optimization
- Increasing deployment of cloud-based and IoT solutions
- Requirement for periodic recalibration and expert support
- Technical complexities in integration with control systems
- Lack of standardization in solutions
- Leveraging Big Data and Advanced Analytics
- Transition to Cloud-based Flow Measurement Infrastructure
- Leveraging Digital Twin Capabilities
- Transition Towards Environmentally Sustainable Offerings
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product launch/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
4. Flow Computers Market - Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
5. Flow Computers Market , By Component, 2023-2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Hardware
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
- Software
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
- Services
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
6. Flow Computers Market , By Product Type, 2023-2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018- 2030
- Segment Trends
- Wired
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
- Wireless
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
- Plug & Play
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
7. Flow Computers Market , By Connectivity, 2023-2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018- 2030
- Segment Trends
- HART
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
- Foundation Fieldbus
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
- Profibus
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
- Modbus
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
- Ethernet
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
8. Flow Computers Market , By End-use Industry, 2023-2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018- 2030
- Segment Trends
- Oil & Gas
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
- Energy & Power
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
- Water & Wastewater
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
- Food & Beverage
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
- Chemicals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
- Metals & Mining
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
9. Flow Computers Market , By Application, 2023-2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018- 2030
- Segment Trends
- Fiscal Metering
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
- Liquid & Gas Measurement
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
- Wellhead Measurement & Optimization
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
- Pipeline Transmission & Distribution
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
- Process Control & Monitoring
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
10. Flow Computers Market , By Region, 2023-2030, (US$ Mn)
- Introduction
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Country 2018-2030
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2023-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2023-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Connectivity, 2023-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End-use Industry, 2023-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Mn)
- U.S.
- Canada
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2023-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2023-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Connectivity, 2023-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End-use Industry, 2023-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Mn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2023-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2023-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Connectivity, 2023-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End-use Industry, 2023-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Mn)
- China
- India
- Japan
- Australia South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2023-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2023-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Connectivity, 2023-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End-use Industry, 2023-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Mn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2023-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2023-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Connectivity, 2023-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End-use Industry, 2023-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Mn)
- GCC Countries
- Israel
- South Africa
- North Africa
- Central Africa
- Rest of Middle East.
11. Competitive Landscape
- Emerson Electric Co.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- ABB Ltd.
- Thermo Fisher Scientific Inc.
- Yokogawa Electric Corporation
- Schneider Electric SE
- Honeywell International Inc.
- Siemens AG
- Badger Meter, Inc.
- AMETEK Inc.
- Equinor ASA
- KT-Flow
- KROHNE Group
- OMNI Flow Computers, Inc.
- Schlumberger Limited
- SICK AG
- Logic Beach Inc.
- Flowmetrics, Inc.
- Contrec Ltd.
- Kessler-Ellis Products Co.
- TechnipFMC plc
- Analyst Views
12. Section
- Research Methodology
- About us