Flow Computer Market - Forecast(2021 - 2026)

Report Code: ESR 33971 Report Format: PDF + Excel (Delivery in 48 Hrs)

Flow Computer Market Overview

The market for flow computer is forecast to reach $1.3 billion by 2026, growing at a CAGR of 5.1% from 2021 to 2026. A flow computer is an electronic device used to calculate and record the flow rate of natural gas and hydrocarbons by using algorithms which pass through analog and digital signals received from pressure transmitters, temperature transmitters, flow metres, gas composition sensors, sampling systems and other devices. 

Flow computers are also used for data logging, communication, remote metering, alarming and control functions tasks that flow meters cannot do without a flow computer. The flow measurement sensors on flow computers have mathematical expressions which describe how they interpret the input signals into readable flow measurement outputs through single stream and multi stream computers. The advantage of flow computers are the flow data can be measured, logged and stored remotely and computation is flexible to use depending on the requirements.

Flow Computer Market Report Coverage

The report: “Flow Computer Market– Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the flow computer market.

By Component – Hardware, Software and Services
By Type – Single Stream Flow Computers and Multi Stream Flow Computers
By Connectivity – Wired Flow Computers and Wireless Flow Computers
By Equipment – Pressure Gauges, Temperature Probes, Gas Composition Sensors, Meter Prover, Sampling System, Density Measurement Equipment and Others
By Applications – Oil and Gas, Water and Wastewater, Energy and Power Generation, Food and Beverage, Pulp and Paper, Metal and Mining and Others
By Geography - North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), South America(Brazil, Argentina and others), and RoW (Middle East and Africa)

Key Takeaways

  • The demand for flow computers is increasing due to need for accurate measurement of crude oil and expensive petrochemical products.
  • Flow computers are also used for data logging, communication, remote metering, alarming and control functions tasks that flow meters cannot do without a flow computer.
  • Flow meters which commonly used with flow computers are turbine, vortex, orifice.
  • North America is one of the fastest growing markets in flow computer due to high adoption of flow computer technology as well as presence of large number of oil and gas companies like Exxonmobil Corp., Chevron Corp., Abraxas Petroleum Corp.

Flow Computer Market, By Components, 2020

Flow Computer Market Segment Analysis - By Type

Flow computers are of two types they are single and multi-stream flow computers. Single stream computers is connected to just a single meter stream (meter run) so that a metering station with three meter streams would require three single stream flow computers. In case of multi stream flow computer it receives the outputs from all flow meters. The advantage of multi-stream flow meters over single flow meters is multi-stream have additional communication capabilities as well as more memory and computing power to implement advanced features which are not available in single run devices. Multi-stream flow meters are set to grow at fastest rate of 7.5% through 2026.

Flow Computer Market Segment Analysis - By Applications

Flow computers are widely used in industries that are built on transporting large amounts of liquids and gases. Especially oil and gas industries as well as petrochemical manufacturers use flow computers to obtain precise measurements of the products that flow through their pipelines. The Oil and Gas industry is the largest market accounting for 26% share in 2020. Flow computers analyse data and generate reports for products such as crude oil, refined oil, natural gas, ethylene, nitrogen and other products. Operators also utilize flow computers to track natural disasters and potential damage they cause.

Flow Computer Market Segment Analysis – By Geography

North America is projected to grow at the highest CAGR of 7.2% during the forecast period 2021-2026. The growth of this region can be attributed due to high adoption of flow computer technology and presence of large number of flow computer manufacturers. United States is one of the top manufacturing hubs and providers of electronic computer products such as Emerson Electric Co., Schlumberger Ltd and Honeywell International Inc.

Flow Computer Market Drivers 

Need for accurate measurement of products

One of the factors driving the market of flow computers is the need for accuracy in oil and gas and petrochemical products in the oil and gas industries. Flow computers provide accurate and consistent results using sophisticated programming, damage-resistant hardware components and graphical user interface to display the readings. Advanced technology allows flow computers to make calculations, provide linearization adjustments and even further reduce temperature error by zeroing the error. Flow computers can provide reading accuracy to +/-0.1 percent.

Adoption of advanced flow computing technology

As the adoption of technology becomes more the more choices become available in the flow computer market. Oil and gas, chemical and water and wastewater industries are widely adopting process automation which leads to reduction in labor cost and fuel prices. These industries have launched technologically advanced products such as scanner model flow computers which offer processing power and support gas chromatograph for flow measurement. Adoption of technological products in the industries driving the market growth.

Flow Computer Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the flow computer market. The flow computer market is dominated by major companies such ABB Ltd, Honeywell International Inc., Schneider Electric SE, Yokogawa Electric Corporation, Emersion Electric Co., Rockwell Automation, OMNI Flow Computers Inc., Dynamic Flow Computers, KROHNE Messtechnik GmbH, Schlumberger Ltd.

Acquisitions/Technology Launches/Partnerships

  • In June 2020, KROHNE Messtechnik GmbH launched the FLEXMAG 4050 C, an electromagnetic flow meter with biocompatible disposable flow tube for biopharmaceutical applications which include filtration processes and chromatography. The electromagnetic flow meter provides stable, direct and accurate volumetric flow measurements for meeting the biopharmaceutical requirements.
  • In Feb 2019, Prosoft technology Inc. launched its enhanced in-chassis flow computer for Rockwell Automation compact logix systems. This flow computer offers Lease Automatic Custody Transfer accuracy solutions for oil and gas companies reducing the maintenance costs.

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1. Flow Computer Market Overview
    1.1 Definitions and Scope
2. Flow Computer Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends By Application
    2.3 Key trends segmented by Geography
3. Flow Computer Market – Market Landscape
    3.1 Comparative Analysis
        3.1.1 Product/Company Benchmarking-Top 5 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 Companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis (Comparison of General Price of Industry Solutions)
4. Flow Computer Market – Industry Market Entry Scenario Premium (Premium)
    4.1 Regulatory Scenario
    4.2 Ease of Doing Business Index
    4.3 Case Studies
    4.4 Customer Analysis
5. Flow Computer Market – Startup Company Scenario (Premium)
    5.1 Venture Capital and Funding Scenario
    5.2 Startup Company Analysis
6. Flow Computer Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Flow Computer Market – By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
8. Flow Computer Market – By Component (Market Size -$Million/Billion)
    8.1 Hardware
    8.2 Software
    8.3 Services
9. Flow Computer Market – By Type (Market Size -$Million/Billion)
    9.1 Single Stream Flow Computer
    9.2 Multi Stream Flow Computer
10. Flow Computer Market – By Connectivity (Market Size -$Million/Billion)
    10.1 Wired Flow Computer
    10.2 Wireless Flow Computer
11. Flow Computer Market – By Equipment (Market Size -$Million/Billion)
    11.1 Pressure Gauges
    11.2 Temperature Probes
    11.3 Gas Composition Sensors
    11.4 Meter Power
    11.5 Sampling Systems
    11.6 Density Measurement Equipment
    11.7 Others
12. Flow Computer Market – By End User (Market Size -$Million/Billion)
    12.1 Oil and Gas
    12.2 Water and Wastewater
    12.3 Energy and Power
    12.4 Food and Beverage
    12.5 Paper and Pulp
    12.6 Metal and Mining
    12.7 Others
13. Flow Computer Market - By Geography (Market Size -$Million/Billion)
    13.1 North America
        13.1.1 U.S
        13.1.2 Canada
        13.1.3 Mexico
    13.2 Europe
        13.2.1 Germany
        13.2.2 France
        13.2.3 UK
        13.2.4 Italy
        13.2.5 Spain
        13.2.6 Russia
        13.2.7 Netherlands
        13.2.8 Others
    13.3 APAC
        13.3.1 China
        13.3.2 Japan
        13.3.3 South Korea
        13.3.4 India
        13.3.5 Australia
        13.3.6 Indonesia
        13.3.7 Malaysia
        13.3.8 Others
    13.4 South America
        13.4.1 Brazil
        13.4.2 Argentina
        13.4.3 Chile
        13.4.4 Colombia
        13.4.5 Others
    13.5 RoW
        13.5.1 Middle East
        13.5.2 Africa
14. Flow Computer Market - Market Entropy
    14.1 New product launches
    14.2 M&A's, collaborations, JVs and partnerships
15. Flow Computer Market – Industry Competitive Landscape (Premium)
    15.1 Market Share – Global
    15.2 Market Share by Region
    15.3 Market Share By Application
16. Flow Computer Market – Key Company List by Country Premium (Premium)
17. Flow Computer Market - Company Analysis
    17.1 Company 1
    17.2 Company 2
    17.3 Company 3
    17.4 Company 4
    17.5 Company 5
    17.6 Company 6
    17.7 Company 7
    17.8 Company 8
    17.9 Company 9
    17.10Company 10

LIST OF TABLES

1.Global Market Analysis, By Component Market 2019-2024 ($M)
1.1 Hardware Market 2019-2024 ($M) - Global Industry Research
1.1.1 Field-Mounted Device And Panel-Mounted Device Market 2019-2024 ($M)
1.1.2 Flow Computer Flow Measurement Standard Market 2019-2024 ($M)
1.2 Software Market 2019-2024 ($M) - Global Industry Research
1.3 Support Service Market 2019-2024 ($M) - Global Industry Research
2.Global Market Analysis, By Operation Market 2019-2024 ($M)
3.Global Market Analysis, By Component Market 2019-2024 (Volume/Units)
3.1 Hardware Market 2019-2024 (Volume/Units) - Global Industry Research
3.1.1 Field-Mounted Device And Panel-Mounted Device Market 2019-2024 (Volume/Units)
3.1.2 Flow Computer Flow Measurement Standard Market 2019-2024 (Volume/Units)
3.2 Software Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 Support Service Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Market Analysis, By Operation Market 2019-2024 (Volume/Units)
5.North America Market Analysis, By Component Market 2019-2024 ($M)
5.1 Hardware Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Field-Mounted Device And Panel-Mounted Device Market 2019-2024 ($M)
5.1.2 Flow Computer Flow Measurement Standard Market 2019-2024 ($M)
5.2 Software Market 2019-2024 ($M) - Regional Industry Research
5.3 Support Service Market 2019-2024 ($M) - Regional Industry Research
6.North America Market Analysis, By Operation Market 2019-2024 ($M)
7.South America Market Analysis, By Component Market 2019-2024 ($M)
7.1 Hardware Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Field-Mounted Device And Panel-Mounted Device Market 2019-2024 ($M)
7.1.2 Flow Computer Flow Measurement Standard Market 2019-2024 ($M)
7.2 Software Market 2019-2024 ($M) - Regional Industry Research
7.3 Support Service Market 2019-2024 ($M) - Regional Industry Research
8.South America Market Analysis, By Operation Market 2019-2024 ($M)
9.Europe Market Analysis, By Component Market 2019-2024 ($M)
9.1 Hardware Market 2019-2024 ($M) - Regional Industry Research
9.1.1 Field-Mounted Device And Panel-Mounted Device Market 2019-2024 ($M)
9.1.2 Flow Computer Flow Measurement Standard Market 2019-2024 ($M)
9.2 Software Market 2019-2024 ($M) - Regional Industry Research
9.3 Support Service Market 2019-2024 ($M) - Regional Industry Research
10.Europe Market Analysis, By Operation Market 2019-2024 ($M)
11.APAC Market Analysis, By Component Market 2019-2024 ($M)
11.1 Hardware Market 2019-2024 ($M) - Regional Industry Research
11.1.1 Field-Mounted Device And Panel-Mounted Device Market 2019-2024 ($M)
11.1.2 Flow Computer Flow Measurement Standard Market 2019-2024 ($M)
11.2 Software Market 2019-2024 ($M) - Regional Industry Research
11.3 Support Service Market 2019-2024 ($M) - Regional Industry Research
12.APAC Market Analysis, By Operation Market 2019-2024 ($M)
13.MENA Market Analysis, By Component Market 2019-2024 ($M)
13.1 Hardware Market 2019-2024 ($M) - Regional Industry Research
13.1.1 Field-Mounted Device And Panel-Mounted Device Market 2019-2024 ($M)
13.1.2 Flow Computer Flow Measurement Standard Market 2019-2024 ($M)
13.2 Software Market 2019-2024 ($M) - Regional Industry Research
13.3 Support Service Market 2019-2024 ($M) - Regional Industry Research
14.MENA Market Analysis, By Operation Market 2019-2024 ($M)

LIST OF FIGURES

1.US Flow Computer Market Revenue, 2019-2024 ($M)
2.Canada Flow Computer Market Revenue, 2019-2024 ($M)
3.Mexico Flow Computer Market Revenue, 2019-2024 ($M)
4.Brazil Flow Computer Market Revenue, 2019-2024 ($M)
5.Argentina Flow Computer Market Revenue, 2019-2024 ($M)
6.Peru Flow Computer Market Revenue, 2019-2024 ($M)
7.Colombia Flow Computer Market Revenue, 2019-2024 ($M)
8.Chile Flow Computer Market Revenue, 2019-2024 ($M)
9.Rest of South America Flow Computer Market Revenue, 2019-2024 ($M)
10.UK Flow Computer Market Revenue, 2019-2024 ($M)
11.Germany Flow Computer Market Revenue, 2019-2024 ($M)
12.France Flow Computer Market Revenue, 2019-2024 ($M)
13.Italy Flow Computer Market Revenue, 2019-2024 ($M)
14.Spain Flow Computer Market Revenue, 2019-2024 ($M)
15.Rest of Europe Flow Computer Market Revenue, 2019-2024 ($M)
16.China Flow Computer Market Revenue, 2019-2024 ($M)
17.India Flow Computer Market Revenue, 2019-2024 ($M)
18.Japan Flow Computer Market Revenue, 2019-2024 ($M)
19.South Korea Flow Computer Market Revenue, 2019-2024 ($M)
20.South Africa Flow Computer Market Revenue, 2019-2024 ($M)
21.North America Flow Computer By Application
22.South America Flow Computer By Application
23.Europe Flow Computer By Application
24.APAC Flow Computer By Application
25.MENA Flow Computer By Application
26.Product Offered, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Krohne Messtechnik Gmbh, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Emerson Electric Co, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Abb Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Thermo Fisher Scientific Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Cameron International Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Honeywell International, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Yokogawa Electric Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Fmc Technologies, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Omni Flow Computers, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Dynamic Flow Computers, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Contrec Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.Kessler-Ellis Product Co Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)