The global flow computers market size is likely to reach USD 1.33 billion by 2025, rising at a CAGR of 7.8% during the forecast period, according to the new report by Grand View Research, Inc. The adoption rate of flow computers is poised to gain traction over the coming years, particularly in industries such as oil & gas, owing to introduction of technologically advanced products such as scanner model flow computers, which offer processing power and support gas chromatograph, in addition to two integral flow runs for managing fluid property calculations.
Software
is projected to be the most promising component segment during the forecast
period. The software helps audit and verify produced data. The service segment
is also anticipated to witness noteworthy growth during the forecast period
owing to flow computers demand repair and maintenance on a regular basis.
The
wired flow computers segment is estimated to dominate the market throughout the
forecast period owing to surging demand for these computers in wastewater
treatment and power plant projects. Addition of wireless systems and solar
powered systems in flow computers has increased the ability of these computers
to reliably access the data from remote locations. The wireless flow computers
segment is expected to experience the highest CAGR during the forecast period.
The
demand for flow computers is likely to be high in the water & wastewater
industry as they are used to interpret data received from flow meters by
measuring static & differential pressure and temperature. These computers
gather output signals of flow meters and the information is subsequently assimilated
and converted to mass and volume-based flow.
North
America represented the leading share in the market in 2017. Domicile of key
manufacturers of flow computers has been contributing to the growth of the
regional market. Asia Pacific is poised to register the highest CAGR during the
forecast period owing to advancements in flow computers, growing urbanization,
and industrial development.
For more info visit here: https://www.grandviewresearch.com/industry-analysis/flow-computers-market
Flow Computers
Market Report Highlights
- Increasing
refinery and liquefied natural gas (LNG) projects are projected to stoke
the growth of the market during the forecast period
- The hardware
segment is anticipated to dominate the market throughout the forecast horizon.
Hardware products support the flow metering solutions.
- In the oil
& gas industry, flow computers are used for fuel monitoring and liquid
& gas measurement. Flow computing software in the oil & gas
industry is used on a standard computer and provides measurement values
for virtual flow computers acquired by data communication devices
- The key
industry participants include 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.
Flow Computers
Market Report Highlights
Grand View Research has
segmented the global flow computers market based on component, product,
application, and region:
Flow Computers
Component Outlook (Revenue, USD Million, 2014 - 2025)
- Hardware
- Software
- Services
Flow Computers
Product Outlook (Revenue, USD Million, 2014 - 2025)
- Wired Flow Computers
- Wireless Flow Computers
Flow Computers
Application Outlook (Revenue, USD Million, 2014 - 2025)
- Oil & Gas
- Water & Wastewater
- Energy & Power Generation
- Food & Beverage
- Chemical
- Pulp & Paper and Metal & Mining
- Others
Flow Computers
Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Netherlands
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- South America
- Brazil
- The Middle East & Africa
- U.A.E.
- Saudi Arabia
- Africa
Request a Sample Copy @ https://www.grandviewresearch.com/industry-analysis/flow-computers-market/request/rs1
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
No comments:
Post a Comment