Market Scenario:
Market Research Future (MRFR) expects the flow computer market 2020 to post a steady CAGR of 8.49% from 2019 to 2024 (evaluation period). We will provide covid-19 impact analysis with the report, offering an extensive market evaluation post the coronavirus disease outbreak.
In a nutshell, COVID-19 impact on managed services has been fruitful, with the market growth enhanced than before. Given the prevalent lockdown situation, managed services vendors are now investing heavily in remote-centric worker solutions, which can make the market highly resilient in the coming years, even as the world is currently rushing to achieve a COVID-19 breakthrough.
COVID-19 Analysis:
The business impact of SARS-CoV-2 has been felt across diverse sections of the information technology industry, albeit at different levels. Companies in the technology sector that supply services for verticals like travel, retail, hospitality, and entertainment have noted a dramatic decrease in sales, while the firms that provide services related to remote worker solutions have observed the opposite. Flow Computer Market Research ’s fate post pandemic has been relatively less grim compared to Education Services (ES) and Professional Services (PS) that are mostly dependent on components that are generally on-site. Novel coronavirus has Flow Computer Market Research to open new avenues for those firms that are on the lookout for solutions that are reliable, efficiently managed, scalable, and are subscription-based, to remain more focused on the core business. The Flow Computer Market Research Market is bearing lesser impact of the COVID-19 outbreak compared to most other segments of the tech world.
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Competitive Outlook:
The key companies outlined in the MRFR study are Rockwell Automation (Allen-Bradley), TechnipFMC PLC (FMC Technologies Measurement), ABB Ltd, Emersion Electric Co, Schneider Electric SE, OMNI Flow Computers, Inc, ProSoft Technology Inc. (Belden Inc.), Contrec Ltd, KROHNE Messtechnik GmbH (KROHNE Group), Schlumberger Limited, Flow Systems Inc, Honeywell International Inc, Co, Yokogawa Electric Corporation, Dynamic Flow Computers Inc, Flowmetrics, Inc., Kessler-Ellis Products, Thermo Fisher Scientific Inc, to list a few.
Segmentation:
The flow computer market research by MRFR outlines the key segments in the report, namely component, operations, connectivity, equipment, and application.
The components considered in the report are Software, Services as well as Hardware.
The operation-wise market sections include Multi-Stream Flow Computers and Single Stream Flow Computers.
The segments, depending on connectivity are Wireless Flow Computers as well as Wired Flow Computers.
The equipment-based market categories are Density Measurement Equipment, Pressure Gauges, Meter Prover, Sampling System, Gas Composition Sensors, Temperature Probes, and others.
The key application areas of flow computers are Fuel Monitoring, Pipeline Transmission and Distribution, Wellhead Measurement and Optimization, Liquid & Gas Measurement, and more.
Regional Analysis:
The flow computer industry has been regionally considered for Europe, Asia Pacific/APAC, MEA/the Middle East and Africa, South America and North America.
North America is projected to be the largest gainer in the global market during the evaluation period, racing ahead at a compelling rate. The North American market has been split into Canada, Mexico and the US/United States. However, the US has the strongest possibility of clinching the leading position in the regional market, expanding at a rate of 7.80%, with Canada set to post a growth rate of 6.72% while Mexico advancing at a rate of 5.86%. The flow computer market in the US is thriving backed by the high deployment rate of the latest technologies; and the fact that the country stands as the biggest consumer and producer of oil & gas resources. Going forward, the Canadian market for oil is inundated with top players like Canadian Natural Resources Limited, Suncor, Husky, Cenovus and Imperial Oil, who primarily deploy flow computers.
The MEA market can interestingly witness the fastest expansion in the coming years, given that the region is known for its massive production level of oil & gas across the globe. Qatar, the UAE, Iran and Kuwait are the leading oil-producers in the world, which favors the flow computer market in the region. The frequent technological innovations along with the augmented interest in adopting the latest technologies can be a big plus point for the regional market over the next couple of years.
Europe has claimed the second lead in the global market, thanks to the rising use of flow computers in industries like petrochemical, oil & gas and chemicals. The soaring demand for wastewater treatment also helps the market generate high revenues. The UK/United Kingdom consists of various industries that extensively use gas and oil production; such as breweries, milk-processing, beverages and alcohol, to name a few. All of these industries deploy flow computers to measure the volume, temperature and flow of gases and fluids.
Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
Continued….
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About Market Research Future:
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Flow Computer MarketFlow computers are used to store, process and analyze the data inputs from different sensors and meters such as temperature, pressure, density among others to monitor and detect the flow of a liquid or a gas substance in manufacturing and industrial facilities.
Flow computers are essential components of large systems such as wastewater treatment plants with multiple flows that need to be continuously analyzed and managed.
There is a rising need for computing flow metrics such as flow rate, temperature, pressure, density, and viscosity with high reliability from industries such as oil & gas.Flow meters, which form a part of flow computing systems, have also witnessed rapid development in recent years.
The adoption of turbine flow meters has grown at a high pace role in the development of sophisticated fighter and surveillance airplanes, helicopters, cruise missiles, and drones due to their ability to withstand high g-forces.
Military and government departments across the globe, as well as major aerospace manufacturers, utilize turbine flowmeters as an integral component in their equipment test stands.
Initiatives to increase digitization in the oil and gas industry are being implemented, which has led to an increase in investments in automation equipment, including flow computers.According to Market Research Future analysis, the global flow computer market reached USD 925.69 million in 2018 and has been estimated to be valued at USD 1,474.13 million by 2024 at 8.49% CAGR during the forecast period 2019–2024.Some of the prominent players in the global flow computer market are ABB Ltd, Honeywell International Inc, Schneider Electric SE, Yokogawa Electric Corporation, Emersion Electric Co, Rockwell Automation (Allen-Bradley), ProSoft Technology Inc. (Belden Inc.), KROHNE Messtechnik GmbH (KROHNE Group), OMNI Flow Computers, Inc., Schlumberger Limited, Thermo Fisher Scientific Inc, and Contrec Ltd.The MRFR analysis offers a comprehensive understanding of market dynamics.
Global Flow Computer Market Research Report: by Component (Hardware, Software, and Services), by Operations (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 (Fuel Monitoring, Liquid & Gas Measurement, Wellhead Measurement and Optimization, Pipeline Transmission and Distribution, and Others) and by Region (North America, Asia-Pacific, Europe, Middle East and Africa, and South America) — Forecast till 2024Flow Computer Market HighlightsThe global flow computer market is spanned across North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.
The key players in the oil production in Canada are Suncor, Canadian Natural Resources Limited, Imperial Oil, Husky, and Cenovus, which use flow computers to enhance their measurement operations and performance of the system by reducing measurement uncertainty during the process.
Thus, flow computers make measurement systems more precise and accurate.
Trillium Measurement and Control and Flowmetrics Inc., among others, are some of the companies operating in Canada and offering flow computers systems and equipment.On the other hand, the Middle East & Africa is expected to foresee the fastest growth in the flow computer market since this region is the largest producers of oil & gas in the world.
The UAE, Qatar, Kuwait, and Iran are some of the important oil-producing countries globally.
Moreover, the technological advancements and high adoption of new technology are the key factors driving the flow computer market in the region, as these systems allow the operator to monitor the systemsFree sample report here: https://www.marketresearchfuture.com/sample_request/8147Europe accounts for the second-largest market share in the global flow computer market.
Market Research Future (MRFR) expects the flow computer market 2020 to post a steady CAGR of 8.49% from 2019 to 2024 (evaluation period).
Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/8147 Competitive Outlook: The key companies outlined in the MRFR study are Rockwell Automation (Allen-Bradley), TechnipFMC PLC (FMC Technologies Measurement), ABB Ltd, Emersion Electric Co, Schneider Electric SE, OMNI Flow Computers, Inc, ProSoft Technology Inc. (Belden Inc.), Contrec Ltd, KROHNE Messtechnik GmbH (KROHNE Group), Schlumberger Limited, Flow Systems Inc, Honeywell International Inc, Co, Yokogawa Electric Corporation, Dynamic Flow Computers Inc, Flowmetrics, Inc., Kessler-Ellis Products, Thermo Fisher Scientific Inc, to list a few.
Segmentation:The flow computer market research by MRFR outlines the key segments in the report, namely component, operations, connectivity, equipment and application.The components considered in the report are Software, Services as well as Hardware.The operation-wise market sections include Multi-Stream Flow Computers and Single Stream Flow Computers.The segments, depending on connectivity are Wireless Flow Computers as well as Wired Flow Computers.The equipment-based market categories are Density Measurement Equipment, Pressure Gauges, Meter Prover, Sampling System, Gas Composition Sensors, Temperature Probes, and others.The key application areas of flow computers are Fuel Monitoring, Pipeline Transmission and Distribution, Wellhead Measurement and Optimization, Liquid & Gas Measurement, and more.
Regional Analysis:The flow computer industry has been regionally considered for Europe, Asia Pacific/APAC, MEA/the Middle East and Africa, South America and North America.North America is projected to be the largest gainer in the global market during the evaluation period, racing ahead at a compelling rate.
However, the US has the strongest possibility of clinching the leading position in the regional market, expanding at a rate of 7.80%, with Canada set to post a growth rate of 6.72% while Mexico advancing at a rate of 5.86%.
The MEA market can interestingly witness the fastest expansion in the coming years, given that the region is known for its massive production level of oil & gas across the globe.
