Flow Computer Market Outlook, Geographical Segmentation, Industry Size & Share, Comprehensive Analysis to 2030

Market Overview

According to Market Research Future (MRFR), The global flow computer market generated a revenue of USD 925.69 million in 2018 and is expected to reach a market value of USD 1.93 Billion by 2030, registering a CAGR of 6.72%. The global flow computer market is garnering significant traction. The growth in IoT-based solutions drives the demand for flow computers excellently. Accurate & reliable liquid and gas monitoring & measurement are essential in various industries. Resultantly, flow computers demonstrate tremendous market opportunities. 

Additionally, the advantages of flow computers, such as high reliability & performance, compact size, and rapid data processing, substantiate the market shares. With increasing applications of flow computers in fuel monitoring and liquid & gas measurement, the market is projected to create a substantial revenue pocket in the next few years.

On the flip side, complex design structure and lack of customization are key factors affecting the growth of the flow computer market. Nevertheless, substantial R&D investments and initiatives by public and private sectors in developing and improving flow computers and increasing product development & launches would support the market growth throughout the assessment period. 

 Segmental Analysis

The report is segmented into components, operations, connectivity, equipment, applications, and regions. The component segment is sub-segmented into hardware, software, and services. The operations segment is sub-segmented into single-stream flow computers and multi-stream flow computers.

The connectivity segment is sub-segmented into wired flow computers and wireless flow computers. The equipment segment is sub-segmented into pressure gauges, temperature probes, gas composition sensors, meter prover, sampling system, density measurement equipment, and others.

The application segment is sub-segmented into fuel monitoring, liquid & gas measurement, wellhead measurement & optimization, pipeline transmission & distribution, and others. The region segment is sub-segmented into Americas, Europe, Asia Pacific, and the Rest-of-the-World.

Free Sample Copy – Obtain a free copy of our sample report to get a taste of our research expertise.

Key players:

Key players leading the global flow computer market include Honeywell International Inc., ABB Ltd., Schneider Electric SE, Emersion Electric Co., Yokogawa Electric Corporation, Rockwell Automation (Allen-Bradley), KROHNE Messtechnik GmbH (KROHNE Group), ProSoft Technology Inc. (Belden Inc.), OMNI Flow Computers, Inc., Thermo Fisher Scientific Inc., Schlumberger Limited, Contrec Ltd., Flow Systems, Inc., Dynamic Flow Computers, Inc., Kessler-Ellis Products, Co., Flowmetrics, Inc., and TechnipFMC PLC (FMC Technologies Measurement), among others.

Introduction:

In the realm of industrial process control, the accuracy, efficiency, and reliability of flow measurement and control systems play a crucial role. To address these needs, flow computers have emerged as powerful tools that enable precise measurement, control, and optimization of fluid and gas flows in various industries. In this article, we delve into the world of flow computers, exploring their functions, benefits, and applications in industrial processes.

1. What is a Flow Computer?

   A flow computer is a specialized electronic device designed to calculate and manage the flow rates of liquids, gases, and steam in a wide range of industrial applications. Equipped with advanced algorithms and software, flow computers gather data from various sensors and instruments, perform complex calculations, and provide accurate measurements of flow rates, totalized quantities, and other related parameters. These devices serve as the backbone of process automation, offering unparalleled accuracy and reliability in flow control systems.

2. Functions and Features of Flow Computers:

   Flow computers offer a myriad of functions and features that contribute to their effectiveness in industrial process control. Some of the key functionalities include:

a) Flow Rate Measurement: Flow computers utilize multiple sensors, such as flow meters and pressure transmitters, to measure and monitor flow rates in real-time. By employing sophisticated algorithms, they can compensate for variations in temperature, pressure, and viscosity, ensuring precise and accurate measurements.

b) Totalization and Integration: Flow computers enable the integration of flow rates over time, allowing for accurate totalization and cumulative measurement of fluid or gas quantities. This feature proves vital in billing, custody transfer, and inventory management applications.

c) Alarm and Event Logging: Flow computers can monitor critical parameters and trigger alarms or log events when abnormal conditions occur. This capability enables timely intervention and maintenance, minimizing the risk of equipment failure or production disruptions.

d) Communication and Data Logging: Modern flow computers are equipped with communication protocols and interfaces to facilitate seamless integration with supervisory control and data acquisition (SCADA) systems. They can also store historical data for analysis, troubleshooting, and regulatory compliance purposes.

3. Benefits of Flow Computers: Implementing flow computers in industrial processes offers numerous advantages, including:

a) Enhanced Accuracy and Precision: Flow computers provide highly accurate and reliable flow measurements, minimizing errors and ensuring precise control of fluid or gas flows. This accuracy is crucial in optimizing process efficiency and meeting regulatory requirements.

b) Improved Process Efficiency: By closely monitoring flow rates, flow computers enable real-time adjustments to optimize process efficiency. This leads to reduced energy consumption, minimized wastage, and improved overall productivity.

c) Simplified Maintenance and Troubleshooting: Flow computers facilitate proactive maintenance by providing continuous monitoring and diagnostics. They can detect anomalies, such as leaks or blockages, and help identify potential issues before they escalate, reducing downtime and repair costs.

d) Cost Savings: The accurate measurement and control capabilities of flow computers result in cost savings through optimized resource utilization, reduced waste, and improved production efficiency.

4. Applications of Flow Computers: Flow computers find application in a wide range of industries, including:

a) Oil and Gas: Flow computers are extensively used in oil and gas production, transportation, and distribution systems. They ensure accurate measurement and control of hydrocarbon flows, enabling efficient production, custody transfer, and billing.

b) Chemical and Petrochemical: In chemical and petrochemical plants, flow computers monitor and control the flow of various liquids and gases, contributing to safe and efficient process operations.

c) Water and Wastewater: Flow computers play a critical role in managing water distribution networks, wastewater treatment plants, and irrigation systems. They help optimize water usage, monitor flow rates, and detect leaks or abnormalities.

d) Power Generation: Flow computers assist in optimizing the flow of steam, cooling water, and fuel in power plants, ensuring efficient and reliable electricity generation.

Related Reports

Advanced Authentication Market

Artificial Intelligence in Retail Market

Conclusion:

Flow computers have revolutionized industrial process control and optimization by providing accurate flow measurement, precise control, and real-time monitoring capabilities. With their advanced features, these devices enhance process efficiency, reduce costs, and improve overall productivity. As industries continue to evolve, flow computers will remain an indispensable tool for achieving optimal flow management.