February 19, 2025
Ict

Flow Meters are Driving the Growth of Flow Computers Market

The global flow computers market is driven by growing demand for flow meters. Flow computers are reliable electronic instruments used for measurement, data logging and totalization of flows for custody transfer applications and production allocation in oil and gas industries. Flow computers reliably measure and monitor multi-phase fluid flows in pipelines with accuracy across a wide range of pressure, temperature and flow conditions. They deliver real-time process monitoring and measurement of all fluid variables together with alerts and shut down for critical process deviations.

The global flow computers market is estimated to be valued at US$ 679.5 Mn in 2023 and is expected to exhibit a CAGR of 9.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
One of the key trends observed in the flow computers market is the increasing adoption of multi-path flow computers. Multi-path flow computers are advanced flow computers that can simultaneously monitor and totalize flows from up to 8 individual metering lines or flow paths at a single production facility or well pad. They provide significant benefits such as reduced equipment footprint, centralized monitoring and control from a single instrument and operational cost savings from reduced installation and maintenance costs. Their adoption is growing in remote and offshore applications as well as unconventional shale plays where multi-well production pads are common.

Porter’s Analysis

Threat of new entrants: The flow computers market requires large capital investments for infrastructure and technologies which poses moderate threat of new entrants.

Bargaining power of buyers: There exists moderate bargaining power of buyers as flow computers have applications across oil & gas, water & wastewater, gas, and other industries.

Bargaining power of suppliers: The presence of several global players supplying flow computers results in low bargaining power of suppliers.

Threat of new substitutes: There exists low threat of substitutes for flow computers as they play crucial role for measurement and control applications across industries.

Competitive rivalry: The global flow computers market is moderately competitive due to presence of international players investing in technologies.

Key players operating in the flow computers market are Emerson Electric Co., ABB Ltd., Thermo Fisher Scientific Inc., Yokogawa Electric Corporation, Schneider Electric SE, Honeywell International Inc.

The key players are focusing on new product launches and expanding their geographical footprint to strengthen market presence. For instance, in 2022, Emerson launched Enfield flow computer platform to enable measurement of complex processes in oil & gas industry.

Key Takeaways

The global flow computers market is expected to witness high growth. Regional analysis comprises:

North America dominated the flow computers market in 2022 owing to huge presence of shale reserves and rising oil & gas production in the United States. Asia Pacific is expected to grow at fastest pace during forecast period due to infrastructure development projects underway in China and India.

*Note:

  1. Source: Coherent Market Insights, Public sources, Desk research
  2. We have leveraged AI tools to mine information and compile it
Money Singh
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Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. 

Money Singh

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. 

View all posts by Money Singh →