The global flow computers market size is anticipated to reach USD 1.33 billion until 2025. It is anticipated to register growth with 7.8% CAGR during the forecasted period, 2018 to 2025. This growth can be attributed to the rising need for flow controlling and for carrying out calculations regarding fluid properties.
The hardware component segment held the largest share across the global market due to the rising demand for components like adapters and accessories. Several softwares are also being used to gain access over the fluid data and for visualizing it. On the other hand, surging number of service providers offering customized services is expected to contribute significantly to the market growth of the service segment.
The oil & gas segment is expected to witness the highest CAGR on account of surging demand for shale oil and gas across various industrial sectors and rising need for metering their flow. The application segment of water and wastewater is also projected to experience significant growth due to the surging need for recycling and reusing wastewater.
Asia Pacific is projected to register the highest CAGR in the forecasted years, 2018 to 2025 due to the rapid advances and development being carried out in terms of technology across countries like India, China, Australia. While North America held the largest share of around 33% across the global market owing to the increasing presence of prominent players like Schlumberger Limited and Emerson Electric Co.
The flow computer market includes key players such as Schlumberger Limited; ABB; SICK AG; and Schneider Electric. They are implementing several marketing strategies like capacity expansion and product launching for gaining competitive advantage and enhancing customer engagement.
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Further key findings from the report suggest:
• The hardware segment held the largest share across the global market in 2017.
• The application segment of oil & gas is expected to witness highest CAGR during the forecasted period, 2018 to 2025.
• North America held largest share of around 33% across the global flow computers market in 2017.
• The key players in this market are Schlumberger Limited; ABB; SICK AG; Schneider Electric; and Yokogawa Corporation of America.
Million Insights has segmented the global flow computer market on the basis of component, product, application, and region:
Flow Computers Component Outlook (Revenue, USD Million, 2014 - 2025)
Flow Computers Product Outlook (Revenue, USD Million, 2014 - 2025)
• Wired Flow Computers
• Wireless Flow Computers
Flow Computers Application Outlook (Revenue, USD Million, 2014 - 2025)
• Oil & Gas
• Water & Wastewater
• Energy & Power Generation
• Food & Beverage
• Pulp & Paper and Metal & Mining
Flow computers Regional Outlook (Revenue, USD Million, 2014 - 2025)
• North America
• Asia Pacific
• South Korea
• South America
• Middle East & Africa
• Saudi Arabia