Global Flow Computer
Market Report
2024
As per Cognitive Market Research's latest published report, the Global Flow Computer market size will be $2,796.52 Million by 2029. Flow Computer Industry's Compound Annual Growth Rate will be7.12% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research's latest published report, the Global Flow Computer market size will be $2,796.52 Million by 2029. Flow Computer Industry's Compound Annual Growth Rate will be7.12% from 2023 to 2030.
The North America Flow Computer market size will be USD 999.48 Million by 2029.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Flow Computer Market Sales Revenue 2029 | $ 2 Million |
Global Flow Computer Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.12% |
Market Split by Type |
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Market Split by Application |
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Market Split by Operation |
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Market Split by Connectivity |
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Market Split by Component |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Flow Computer Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
A flow computer is an electronic device that uses analog and digital signals from flow meters, temperature, pressure, and density transmitters that are connected to it into volumes at baseline conditions to execute algorithms. They are employed in custody-related and non-custodial transfers.
The volume of a certain flowing material at a specific moment is calculated and recorded using intricate calculations that are used to interpret the data from flow meters. Flow computers are in demand across many sectors and can be utilized for gases or liquids. Flow computers should have advanced programming, an intuitive user interface, and damage-resistant hardware components for the most precise and reliable results.
The flow computers can be wired or wireless and are utilized for a variety of applications, including pipeline transmission and distribution, liquid and gas measurement, wellhead measurement, and fuel monitoring.
Flow computers are commonly utilized in businesses that rely on the transportation of huge quantities of liquids or gases. Flow computers are used to measure the goods that flow through pipelines in particular by the gas and oil industries, as well as petrochemical producers.
Flow computers provide data analysis and produce reports for a variety of goods, including ethylene, nitrogen, natural gas, crude and refined oil, and other products. Flow computers are used by operators to monitor natural catastrophes and the potential harm they may inflict. This fuels the expansion of the market.
With the increasing population and growing industrialization, the demand for fuel oil and other oil and gas products has been estimated to increase. Further emerging trends such as the internet of things, AI, robotics, automation, big-data analytics, blockchain, and other technologies are expected to change the dimensions of oil and gas refineries.
Pipeline plays a significant role in the transport of crude oil and natural gas liquids right from the collection of products from the source to the shipment and storage of oil or liquefied natural gas (LNG).
The oil and gas industry is highly associated with accurate measurements right from extracting to delivering these raw materials and finished products. People associated with these industries are continuously engaged in the development of innovative and technologically advanced measurement technologies to make more efficient metering systems.
Thus, almost all the operators of oil and gas plants deploy usage of several types of flow meters including coriolis flowmeters, ultrasonic flow meters, thermal flow meters, turbine flow meters, differential flow meters, positive displacement meters, and vortex flowmeters among others. All these meters are employed to measure gases, liquids, and fluids in terms of mass flow rate and volumetric flow rate.
The flow computer accepts signals from wide ranges of flow meters and collates and interprets these collected raw data to derive the appropriate control over the system that it supervises which can be used to count flow volumes, activate warning systems based on pre-set parameters, etc. With the application of a flow computer, the oil and gas plant operator can also store information that can be used for auditing or using historic data to analyze the trends and anomalies within the system. It also helps in refining operations by spotting patterns to eradicate any problematic behavior.
Further, flow computers are of great importance when it comes to calculating the financial value of resource transfers/custody transfers. An ample amount of fluid from the oil and gas refinery are been transmitted nationally and internationally on a daily basis from one party/place to another. In such cases, a minimal percent error can also result in massive financial discrepancies, thus an accurate custody transfer measurement is paramount to eliminate the potential risk of financial loss from mismeasurements.
In such scenarios, the flow computer plays a vital role. Several flow meters, pressure, and temperature transmitters are been installed on the pipeline which is connected to the flow computer. The flow computer receives/collects all signals from fields and accurately calculates the amount of oil or gas that is delivered utilizing internationally recognized standards. The flow computers also store all relevant data and deliver several reports thus, is considered to be the cash register.
Hence, the mounting oil and gas industry is driving the growth of the flow computer market.
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Thermo Fischer Scientific Inc is a provider of scientific instrumentation, reagents and consumables, and software services. The company is operating under several segments including life sciences solutions, analytical instruments, specialty diagnostics, and laboratory products and services.
Life sciences solutions segment includes provide portfolio of reagents, instruments and consumables used in biological and medical research, discovery and production of new drugs and vaccines as well as diagnosis of disease. Analytical instruments segment offers chromatography and mass spectrometry, chemical analysis, and materials and structural analysis. However, under specialty diagnostics segment the company offers clinical diagnostics, immunodiagnostics, microbiology, transplant diagnostics and our healthcare market channel.
The brands offered by the portfolio include
• Thermo scientific
• Applied biosystem
• Invitrogen
• Fisher scientific
• Unity labs services
• Patheon
The company serves over 400,000 customers working in pharmaceutical and biotech companies, hospitals and clinical diagnostic labs, universities, research institutions and government agencies, as well as environmental, industrial quality and process control settings.
April 2021
Thermo Fisher has completed the acquisition of Henogen S.A., Novasep's viral vector manufacturing business in Belgium. Novasep's viral vector business is a strategic fit as Thermo Fisher continues to expand its capabilities for cell and gene vaccines and therapies globally.
October 2020
Thermo Fischer Scientific Inc has engaged in partnership with Terasaki Innovation Center for facilitating development of new pathways and products to diagnose and manage transplantation of patients.
Schneider Electric is a France based company that manufactures and sells energy management and automation solutions across the world. The Group is organized into two reporting segments: energy management and industrial automation. Industrial automation further segmented into, Low Voltage, Medium Voltage and Secure Power segments. Industrial Automation includes Industrial Automation and Industrial Control activities, across discrete, process & hybrid industries
Company's Low Voltage business offers low voltage power and building automation products and solutions that address the needs of various end markets from buildings to industries and infrastructure to data centers. Its Medium Voltage business involves solutions for medium voltage distribution and grid automation. The Secure Power business comprises secure power services. The Industrial Automation business offers automation and control solutions.
Top Companies Market Share in Flow Computer Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Region and country analysis section of Flow Computer Industry Analysis has been segmented into 5 major region such as North America, Europe, Asia Pacific, Middle East & Africa ,and Latin America (along with respective major contributing countries) and provides the revenue share, current trends.
The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of Flow Computer market.
The current report Scope analyzes Flow Computer Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Flow Computer Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Flow Computer Industry growth. Flow Computer market has been segmented with the help of its Type, Application Operation , and others. Flow Computer market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The Gas custody transfer segment Revenue will be USD 813.34 Million by 2029
Gas custody transfer flow computers measure the differential pressure across a flow limitation, such as an orifice plate or other differential pressure flow device, to calculate the flow in pipelines. These flow computers require particular calibration to operate at peak accuracy. Calibration checks are routinely carried out as a matter of fiduciary obligation in custody transfer applications when the buying and selling of commodities like natural gas is involved. Flow computers require repeated measurements to calibrate each unit. The usage of gas custody transfer flow computers in the natural gas transmission business is crucial for this application note.
In fluid measurement, a custody transfer occurs when the fluid is transferred from one party to another at a metering point (location) for sale. Accuracy is crucial during the custody transfer process for both the firm sending the material and the final recipient. Flow computers are required because of this.
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The Custody transfer segment Revenue in Flow Computer will be USD 1,585.39 Million by 2029.
Custody transfer flow computers are also known as electronic flowmeters (EFMs) and multi-variable flow computers, although they all operate on the same principles. For the purpose of measuring volumetric flow, a pressure drop is produced by some sort of flow restriction, such as an orifice plate. The operators must be aware of the density of the mass per volume of the flowing fluid to convert volumetric flow to mass flow. This computation is performed by the flow computer utilizing two more measurements together with a variety of variables and constants dependent on the flowing material.
In non-custody applications for liquid and gas applications, flow computers are employed. The process of measurement is made dependable and resilient with the use of modern diagnostics, which also helps to decrease measurement uncertainty.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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The Single Stream Flow Computers segment Revenue in Flow Computer will be USD 1,577.88 Million by 2029.
A single stream flow computer is a flow computer that is linked to only a one-meter stream (meter run), hence a three-meter stream metering station would require three single stream flow computers. A single stream flow computer is employed in a variety of applications, including pipeline transmission and distribution, wellhead measurement and optimization, liquid and gas measurement, and fuel monitoring.
Multi-stream flow computer receives the outputs from all flow meters. Multi-Stream flow computers often have more memory and processing capability, as well as extra communication capabilities, to incorporate sophisticated features not present in single-run machines. The ability of multi-stream flow computers to process data from many streams at once makes them a better choice than single-stream flow computers.
The Wired Flow Computers segment Revenue in Flow Computer will be USD 1,579.48 Million by 2029.
Wired flow computers link to their many hardware devices through wired networks. It is beneficial to link dispersed control systems, temperature probes, gas sensors, and pressure gauges.
Nowadays, the majority of flow computers have wireless capabilities and may be networked to other systems inside the plant that require their data. The need for wireless flow computers is now being driven by advances in technology and their accessibility benefits.
The Fuel Monitoring segment Revenue in Flow Computer will be USD 702.16 Million by 2029.
Flow computers integrate both simple and advanced capabilities, as well as smart functionality such as flow curve linearization, temperature and pressure correction, consumption computation, and fuel ratio monitoring. This technology offers extremely precise net fuel burn metering for big diesel engines. The device furthermore offers straightforward "in the field" fuel consumption statistics as a part of a maintenance schedule or as a troubleshooting tool.
The electronic flow computer takes inputs in real-time from any type of meter and calculates corrected volume and energy. This is accomplished by monitoring live differential pressure, live flowing pressure, live flowing temperature, and/or counting meter pulses. Flow computers are particularly useful in the gas and oil industries, as well as petrochemical factories, for obtaining exact measurements of the materials that flow through their pipes.For instance, Emerson Electric Co. offers the FB1100 explosion-proof flow computer, which measures and monitors gas flow for a single differential pressure meter run.
Wellhead monitoring of water injection, gas injection, and gas lift wells for EOR and field management optimization, both onshore and offshore, improves efficiency, assists field management, and assures operational safety. The flow computers are positioned on the outside of the pipe, keeping them away from the wear and tear of the flowing media while yet giving precise and dependable flow rates with no danger of output loss and no requirement for routine maintenance.
Flow meters are frequently utilized in pipeline transmission and distribution. These flowmeter data are used by flow computers to implement algorithms. Flow computers are intended to improve metrology performance, lower measurement uncertainty, and guarantee adherence to measurement contracts to improve measurement operations.
Flow computers are also used to gather data from chemical monitoring, On- and offshore production, allocation measurement, and batching, as part of a pipeline leak detection system, PID control, plunger control, and many others.
Senior Research Analyst at Cognitive Market Research
ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Gas custody transfer, Liquid custody transfer |
Application | Custody transfer, Non-custody transfer |
Operation | Single Stream Flow Computers, Multi-Stream Flow Computers |
Connectivity | Wired Flow Computers, Wireless Flow Computers |
Component | Fuel Monitoring, Liquid & Gas Measurement, Wellhead Measurement and Optimization, Pipeline Transmission and Distribution |
List of Competitors | 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, Contrec Ltd, Others |
This chapter will help you gain GLOBAL Market Analysis of Flow Computer. Further deep in this chapter, you will be able to review Global Flow Computer Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Operation Analysis 2019 -2031
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Chapter 13 Market Split by Connectivity Analysis 2019 -2031
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Chapter 14 Market Split by Component Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Flow Computer market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Gas custody transfer have a significant impact on Flow Computer market? |
What are the key factors affecting the Gas custody transfer and Liquid custody transfer of Flow Computer Market? |
What is the CAGR/Growth Rate of Custody transfer during the forecast period? |
By type, which segment accounted for largest share of the global Flow Computer Market? |
Which region is expected to dominate the global Flow Computer Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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