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.
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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Industry/ Innovation/ Related News
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