Flow Computer Market - By Component (Hardware, Software), By Connectivity (Wired Flow Computers, Wireless Flow Computers), By Application (Oil & Gas, Water & Wastewater, Energy & Power Generation, Food & Beverage, Chemical, Pulp & Paper, Metal & Mining), Forecast, 2023 – 2032

Flow Computer Market size is projected to be valued at over USD 700 million in 2022 and is expected to grow at a CAGR of around 5% from 2023 to 2032. The rising adoption of advanced technologies to improve the accuracy of operations across various sectors is driving the market growth of flow computers.
 

The application of flow computers eventually increases the accuracy in operations, reduces errors during measurements, and improves performance. Several technological advancements, such as the integration of Artificial Intelligence (AI), Internet of Things (IoT), and cloud computing solutions, with connected devices are creating significant growth opportunities for the flow computer market. These technologies offer real-time monitoring and data acquisition through flow computers. With the rapid adoption of technology, the oil & gas, chemical, and water & wastewater industries are widely adopting process automation, leading to reduced labor costs and fuel prices. These industries have introduced technologically advanced products including scanner model flow computers, which provide high processing power and assist gas chromatographs for flow measurement.
 

The increasing requirement for accurate & efficient systems to measure petrochemical and crude oil products in the oil & gas sector is also driving flow computer market growth. Flow computers provide precise & consistent results using damage-resistant hardware components, advanced programming, and a graphical user interface to display the readings. In the oil & gas industry, flow computing software is integrated with standard computers to provide measurement values for virtual flow computers developed by data communication devices. Advanced technologies enable flow computers to make estimations, provide linearization adjustments, and further decrease temperature error. The increasing investments in the oil & gas sector for integrating advanced technologies will contribute to industry statistics.
 

The flow computer market share is being challenged by their complex structure and the need for installing numerous pieces of equipment to ensure proper operation. To achieve accurate & reliable flow measurement, flow computers require specialized components and manufacturing processes. While new-age components offer additional features & functionalities, such as the ability to measure multiple fluid parameters simultaneously and provide diagnostic & calibration capabilities, these add-ons result in higher costs and increased maintenance expenses. Therefore, the high costs of the product and its maintenance act as a barrier to operators seeking to minimize their cost of ownership.
 

The growing demand for flow computers in the water & wastewater industry is expected to provide lucrative growth opportunities for the flow computer market. They are used to measure and control the flow of water & wastewater by interpreting data received from flow meters through the measurement of static & differential pressure and temperature. These computers collect output signals of flow meters, and the information is subsequently assimilated and converted to mass- & volume-based flow. The growing demand for flow computers in the water & wastewater industry is attributed to the increasing investments in the water & wastewater infrastructure.
 

Based on application, flow computer market from oil & gas segment is expected to grow significantly as the accurate measurement, monitoring, and control of oil & gas resources are essential. Flow computers are required in the oil & gas sector to measure the supply of gas & liquid and fuel monitoring. Flow computers take input from flow meters, and consequently estimate the accurate flow of liquid or gas running through the pipelines by using interfaced devices and then transfer the data to external workstations for management, inspection, and accounting. They also enable data processing and report generation for products, such as natural gas, crude oil, ethylene, refined oil, and nitrogen, in the oil & gas industry. The extensive adoption of flow computers in the oil & gas industry for midstream pipelines, upstream production, process plants, downstream refining, and chemical plants to measure, monitor, and control the injected fluids and the production of the well is fueling the demand for flow computers in the oil & gas segment.
 

Based on component, the software segment is expected to grow significantly over the forecast period. Flow computer software enables retrieval of data files taken from a computer, allowing users to see, transfer, and print configured data to address an auditor’s requisite. The software is employed to audit & verify generated data. It can obtain & display data from any device in the metering station. It enables the development of a customized metering station, incorporating all aspects of the metering system by combining multiple streams.
 

North America flow computer market is expected to grow steadily during the forecast period owing to the adoption of automation in the oil & gas and other application sectors. The U.S. is one of the major producers of oil & gas worldwide. According to the U.S. Department of Transportation, over three million miles of the pipeline connect natural gas generation areas and storage facilities with users and deliver millions of cubic feet of natural gas and hundreds of billions of tons of petroleum every year. Such a vast network of pipelines needs gas metering stations, thereby increasing the demand for flow metering solutions such as orifice and ultrasonic.
 

Some prominent players in the flow computer market are ABB, Cameron International, Emerson, Rockwell Automation, Yokogawa Electric Corporation, Honeywell International, Thermo Fischer Scientific, Dynamic Flow Computers, Kessler-Ellis Products, Schneider Electric, and OMNI Flow Computers, Inc. Major players are launching new products, signing contracts, acquiring companies, increasing investments, and collaborating with other organizations to expand their global footprint.
 

The flow computer market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue in USD from 2018 to 2032 for the following segments:

By Component

• Hardware
• Software

By Connectivity

• Wired
• Wireless

By Application

• Oil & gas
• Water & wastewater
• Energy & power generation
• Food & beverage
• Chemical
• Pulp & paper
• Metal & mining
• Others

The above information has been provided for the following regions and countries:

• North America:
  • U.S.
  • Canada
• Europe:
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific:
  • China
  • India
  • Japan
  • South Korea
• Latin America:
  • Brazil
  • Mexico
• MEA:
  • UAE
  • Saudi Arabia
  • South Africa

What Information does this report contain?