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Flow Computer Market Global Analysis Report 2019-2027 | Growth Market Reports

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Sheryl Dias
Flow Computer Market Global Analysis Report 2019-2027 | Growth Market Reports

The global flow computer market was valued at USD 826.7 Million in 2019 and is projected to reach USD 1,629.4 Million by 2027, expanding at a CAGR of 9.2% during the forecast period. Flow computer is a device that is made for the determination of the flow of gas and liquids from flow meters. Flow computers record electric signals from pressure transmitters, temperature transmitters, and other devices. Currently, increasing demand for oil & gas in various applications, is encouraging a number of oil & gas companies to increase the accuracy of the transactions, while manufacturing oil and gas. This, in turn, is rapidly increasing the demand for flow computer in the oil & gas industry.

 

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Market Dynamics

Based on types, the flow computer market has been categorized as hardware, software, and support service. Flow computers are devices that are used for measuring gas and oil in various applications. The hardware flow computer consists of mounting adapters, accessories, keypad, pressure transducer, mechanical index, temperature probe, multivariable transmitter, and pulse generating device.


On the basis of applications, the flow computer market has been segmented into liquid & gas measurement, well head measurement, custody & control, fuel monitoring, well optimization, others. Flow computers are majorly used for the measurement of liquid and gas flow. The flow computer is connected to various devices such as gas chromatographs, distributed control systems, and liquid provers; therefore, the computer is primarily used to record the continuous flow of gas and liquid from the flow meter.


Regional Outlook

In terms of regions, the market is fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific region is dominating the market by holding substantial market share and is expected to retain its position throughout the forecast period. The market in Asia Pacific is projected to expand at a significant CAGR during the forecast period driven by rising disposable income and availability of international brands through e-commerce. Moreover, the boom in sales of food products during the pandemic in 2020 is anticipated to create lucrative opportunities during the forecast period. The developed region including Europe and North America are expected to grow significantly during the forecast period due to increasing usage of chili sauce to prepare spicy meals.

 

Competitive Landscape

Key players in the market include Emerson Electric Co., Honeywell, TechnipFMC plc, and Yokogawa Electric Corporation. They are considered as key manufacturers in the market based on their different varieties of product availability, regional presence, and better supply chain management system.


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