Flow Computer Market

Increasing Integration of IoT and Automation Technologies to Fuel Flow Computer Market Expansion

Flow Computer Market Categorized by Connectivity Type (Wired Flow Computer and Wireless Flow Computer)

Report ID: PMRREP21910

Number of Pages: 250

Format: PPT*, PDF, EXCEL

Industry: Semiconductor Electronics

Published Date: April-2023

Report Price

$4900*

Buy Now

Flow Computer Market Outlook (2022 to 2032)

Recent market analysis by Persistence Market Research (PMR) reveals that global sales of flow computers in 2021 were held at US$ 739.6 million. With 6.9% projected growth from 2022 to 2032, the market is expected to reach a valuation of US$ 1.6 Billion by the end of this forecast period.

There has been a pressing need for precise measurement and monitoring of flow rates across numerous sectors. This is largely due to advancements in industrial processes.

The flow of liquids and gases via pipelines and other systems is measured and computed using a dedicated system called a flow computer.

The oil and gas industry has precise flow measurement requirements for operational efficiency and safety. This is a key factor fuelling the growth of the flow computer sales.

The demand for flow computers is anticipated to increase along with the increase in shale gas exploration and production.

The flow computer industry is predicted to expand in industries other than oil and gas. This includes chemicals, food and beverage, water and wastewater, and pharmaceuticals.

These sectors necessitate precise flow measurement and monitoring for a variety of operations and applications.

In the chemical sector, flow computers are used for process control and monitoring of various chemicals and liquids.

In the food and beverage sector, flow computers are used for measuring and controlling the flow of ingredients in food production processes.

In the water and wastewater sector, flow computers are used for monitoring and controlling water flow rates in treatment plants.

In the pharmaceutical industry, flow computers are used for measuring and controlling the flow of liquids in drug production processes.

Multiple advances have been made in novel flow computing technologies. These include multivariable flow measurement, remote monitoring, wireless connection, and others.

These advances are also driving the flow computer sales forward. These technologies allow for real-time flow measuring and monitoring, which improves operating efficiency and lowers maintenance costs.

Attributes

Details

Global Market size of the Flow Computer Market (2022)

US$ 797 Million

Global Market size of Flow Computer Market (2032)

US$ 1.6 Billion

Global Flow Computer Market CAGR (2022 to 2032)

6.9%

U.S. Flow Computer Market CAGR (2022 to 2032)

5.8%

Key Companies Covered

  • ABB
  • Schlumberger
  • Schneider Electric
  • Yokogawa
  • Honeywell International
  • Thermo Fischer Scientific
  • Dynamic Flow Computers
  • Technip FMC
  • Kessler-Ellis Products
  • KROHNE Group
  • OMNI Flow Computers, Inc.
Sample Report

Report Sample is Available

In-depth report coverage is now just a few seconds away

Download PDF Get Report Sample

2017 to 2021 Flow Computer Market Sales Outlook Compared to Demand Forecast from 2022 to 2032

Historically, from 2017 to 2021, the value of the flow computer industry increased at around 7.8% CAGR. With an absolute dollar opportunity of US$ 763 million, the market is projected to reach a valuation of US$ 1.6 Billion by 2032.

The oil and gas sector has been at the forefront of incorporating flow computers in recent years. The demand for customized equipment has increased significantly from 2017 to 2021 and is expected to grow further between 2022 and 2032.

The main driving forces behind the global rise of this market are expanding flow computer technology and increasing demand for flow computers. These are used for wastewater treatment goods.

The hardware, software, and services segments of the global flow computer industry have been separated based on their components.

The physical component is made up of panel-mounted and field-mounted components. Depending on the sort of mounting mechanism the computer uses, these mechanical components are given different labels.

To communicate with the flow computers, a program component is recognized on the user's devices. These devices include laptops, tablets, mobiles, or computers.

Technical assistance, product training, repair and maintenance, component replacement, and counselling services are a handful of the different services available for flow computers.

The improved integration of the cloud is one change in the industry. A decline in connected devices has been caused by the industrial Internet of Things (IoT) changing the communication infrastructure.

Capabilities are being fast achieved to deliver real-time info to the user from various devices. These are primarily done via the internet, which adds to the growth of the flow computer industry.

Custom Report Cover

Make This Report Your Own

Take Advantage of Intelligence Tailored to your Business Objective

> Get a Customized Version

Key Market Trends Listed by Persistence Market Research (PMR)

  • Growing of the industrial internet of things (IIoT) services will drive the acceptance of flow computers for data analytics
  • Advancements in sensor technology have made it possible for flow computer solutions to provide accurate and reliable flow data.
  • Rising demand for flow computers with built-in cybersecurity features to protect against cyberattacks will present a significant opportunity to suppliers.
  • Adoption of flow computers in emerging economies such as Brazil, Russia, India, China, and South Africa (BRICS) due to increasing infrastructure development will drive revenues through 2032.
  • Focus on reducing carbon emissions will see the adoption of flow computers for measuring and monitoring greenhouse gas emissions across various sectors.
  • Growing demand for low-power and wireless flow computers for use in remote or hard-to-reach locations is likely to present manufacturers with a chance for innovation.
Market Research Methodology

Market Research Methodology

-Perfect through Years of Diligence

Check Research Methodology

Which Factors are Responsible for the Increase in Revenue in Flow Computer Solutions?

A key factor that is increasing the sales for flow computers is the rising demand for accurate and reliable flow measurement. Increased focus on operational efficiency has also provided the industry with a significant boost.

The demand for flow computers has grown many-fold over recent years. The demand for accurate flow monitoring has been substantial across a variety of sectors, including water and Wastewater treatment chemical, and oil and gas.

Since flow processors can monitor flow accurately in real-time, they are perfect for use in demanding and critical tasks.

The demand for flow processors is rising as automation and digitalization are being adopted by more sectors. Other automation systems can be combined with flow computers to provide accurate and dependable flow monitoring and management.

Globally, governments are enacting strict laws to guarantee resource efficiency and lessen environmental impacts.

By offering precise flow measurement and management these computers help reduce wastage and boost productivity. This is how flow computers assist industries in complying with relevant laws.

Industries are always searching for methods to cut expenses and increase operational efficiency. Precise flow measurement aids in process optimisation and waste reduction. Flow computers assist in this goal, thus driving popularity for flow computer solutions.

Flow computers have improved and become more flexible as a result of technological developments. They can manage numerous inputs and outputs, give improved connectivity choices, and provide cutting-edge features.

Key features like diagnostic services and proactive upkeep lead to increased popularity of flow computers.

Which Factors are Restraining Flow Computer Market Demand?

The factors restraining the market growth of flow computers are the limited adoption in emerging economies. Their maintenance and calibration is also a challenge.

For tiny and medium-sized companies, the investment and installation costs for flow computers are expensive. Companies might find it quite difficult to get started because of the expensive initial investment.

The present technology employed in flow computers has a handful of drawbacks that might limit their proliferation. These include restricted contact options, limited precision in some uses, and trouble managing some fluids.

It is time-consuming and costly to maintain and calibrate flow computers on a frequent basis to guarantee their accuracy. This restrains the growth of the flow computer industry.

Some flow processors do not work with current measurement and control systems, necessitating a sizeable expenditure on new hardware.

Alternative technologies can occasionally offer a less complicated and more affordable option for flow measurement in some situations. Substitutes like differential pressure metres and ultrasonic flow meters contribute to restraining the market growth for flow computers.

The high initial investment and the drawbacks of the present technology all significantly hamper demand in the flow computer industry.

Country-wise Analysis

What Makes the United States of America Poised for Consistent Growth in the Flow Computer Industry?

The United States of America flow computer industry is expected to grow to be worth US$ 483.1 million by 2032. With an absolute dollar growth of US$ 208.4 million, it is anticipated to grow at a CAGR of 5.8% from the year 2022 to 2032.

The flow computer industry in the United States of America registered a CAGR of 6.3%, historically, during 2017 to 2021.

Various government laws, such as the Clean Air Act and the Safe Drinking Water Act, drive the use of flow computers in the United States. To maintain compliance with environmental standards, these rules necessitate accurate flow measurement and monitoring.

Will the United Kingdom Provide Incentive to Flow Computer Manufacturers?

The United Kingdom flow computer industry is expected to grow to be worth US$ 75.3 million by 2032. With an absolute dollar growth of US$ 33.7 million, it is expected to grow at a CAGR of 6.1% from the year 2022 to 2032..

Historically, the flow computer industry in the United Kingdom has grown at a CAGR of 6.7%, between 2017 to 2021.

In the United Kingdom, the rise of the industrial internet of things (IIoT) is driving the deployment of flow computers. They are being frequently used for remote monitoring and data analytics.

IIoT enables users to monitor flow rates and other factors in real time and analyse data to increase operational efficiency and save expenses.

How Will China Fare in Terms of Flow Computer Demand?

The China flow computer industry is expected to grow to be worth US$ 130.8 million by 2032. With an absolute dollar growth of US$ 69.8 million, the market is anticipated to grow at a CAGR of 7.9% from the year 2022 to 2032.

The Flow computer industry in the China grew at a CAGR of 9.3% between the historical period 2017 to 2021.

China not only commands a mammoth population, but is a major contributor to global warming. This has put it under various quarters to reduce its footprint. This has driven the adoption of flow computers in China, as it works on lowering carbon emissions.

Flow computers are being used to precisely quantify greenhouse emissions from a variety of sources, such as industrial operations, power plants, and transportation. This helps in keeping pollutants in check, highlighting the necessity of this technology.

What factors are Likely to Help Flow Computer Market Expansion in Japan?

The Japan flow computer industry is expected to grow to be worth US$ 110.5 million by 2032-end. With an absolute dollar growth of US$ 51 million, market is likely to progress at a CAGR of 6.4% from the year 2022 to 2032.

Japan has grown at a CAGR of 7.1%, historically, from 2017 to 2021.

The oil and gas industry is a significant market for flow computers in Japan. A steady demand is driven by various applications, including pipeline monitoring, custody transfer, and well testing.

In Japan, the demand from the oil and gas sector is driven by a key factor, which is the country's high dependence on imported oil and gas.

Japan feels a pressing need to improve operational efficiency and strict regulatory requirements for safety and environmental protection. These factors will be crucial to keep driving growth in Japan.

Category-wise Insights

Which Segment by Connectivity Type in Flow Computer Market is projected to Witness Significant Growth?

Wired flow computer by connectivity type is projected to witness the predominant growth in this market. It has frequent applications in the oil and gas sector.

It has recently grown in popularity for usage as a raw material in the production of important health equipment. This has contributed to its popularity.

The CAGR for wired flow computer was around 7.6% from 2017 to 2021 and is forecasted to grow to around 6.8% by the end of 2032.

Which Segment by Application of Flow Computers is expected to be Highly Lucrative?

A significant application of flow computers is in the oil and gas sector. The expansion of flow computers within the oil and gas sector can be connected to the increasing need for customised equipment.

The CAGR for demand of flow computers in the oil and gas sector was around 7.4% from 2017 to 2021. It is forecasted to grow at 6.7% by the end of 2032.

The market for flow computers and other process measurement technologies is anticipated to expand in the upcoming years. This is primarily due to the increasing usage of process self-regulation in the oil and gas sectors.

The demand for flow processors in the sector has risen as a result of the rising demand for fracking oil and gas. Electronic processors collect and evaluate flow gauge data and input impulses.

The measured mass or volume-based flow, which is frequently used in oil and gas flow readings, is then calculated using the analyzed data.

The development of the flow computer industry is further anticipated to present profitable prospects due to technical improvements, the rise in demand for Industry 4.0 standards, and the emergence of Industry 5.0.

Competitive Analysis

The leading market players are always coming up with innovative ways to provide high-quality products, as well as patent their technologies and products and expand their product lines.

The players, who currently hold a small market share, are constantly aiming to grow their market share in flow computer solutions.

A few of the recent developments in the flow computer industry are:

  • In October 2021, FLOWCAL by Quorum Software is used by Utah Gas Corp to enhance data accuracy and streamline acquisition integration. The functionality of FLOWCAL will make it possible to correctly and rapidly incorporate new assets while saving a sizable sum on subsequent acquisition costs.
  • In March 2020, new data visualization software for flow measurement was introduced by Emerson Electric. The merit of this technology entails that data manipulation won't be necessary for a worker or plant manager to see what is occurring in the flow. The data is accessible in a useful manner, enabling the user to locate and assess process-related problems.

Flow Computer Market Segmentation

By Connectivity Type:

  • Wired Flow Computer
  • Wireless Flow Computer

By Application:

  • Transportation
  • Electric Power
  • Environmental Engineering
  • Oil and Gas

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

For report customisation and delivery information contact our sales representative.

Companies Covered in This Report

  • ABB
  • Schlumberger
  • Schneider Electric
  • Yokogawa
  • Honeywell International
  • Thermo Fischer Scientific
  • Dynamic Flow Computers
  • TechnipFMC
  • Kessler-Ellis Products
  • KROHNE Group
  • OMNI Flow Computers, Inc.

Frequently Asked Questions

The flow computer industry was reported at US$ 739.6 million in 2021.

The flow computer revenues are estimated to be valued at US$ 797 million in 2022.

The flow computer sales are expected to reach a valuation of US$ 1.6 Billion by 2032.

The flow computer industry registered a CAGR of 7.8% over the last 4 years.

The flow computer industry is projected to witness a CAGR of 6.9% from 2022 to 2032.

Wired flow computer connectivity type is expected to garner a significant value share by 2022.

Estimates predict that between 2022 and 2032, the flow computer industry in China would increase at a CAGR growth of around 7.9% from 2022 to 2032.

Between 2022 and 2032, it is anticipated that sales of the flow computer industry in the US will increase at a CAGR of around 5.8%.

The Estimates predict that between 2022 and 2032, the flow computer industry in South Korea will increase at a CAGR of around 23.6% and there will be a CAGR growth of 22.4% In Japan.

This site uses cookies, including third-party cookies, that help us to provide and improve our services. Privacy Policy
Google translate