Flow Computer Market in Oil and Gas projected to be worth 1.04 billion USD by 2020

The flow computer is one of the important devices in the flow measurement, monitoring, and control process. It calculates the corrected flow of liquid and gas, based on the signals from flow meters, pressure transmitters, and from temperature transmitters. In the oil and gas sectors, flow computers are used for different functions such as liquid & gas measurement, wellhead measurement and optimization, custody transfer and control, fuel monitoring, fiscal flow metering, flow meter proving, pipeline transmission and distribution, supplies loading, and in other billing and calculation functions. 

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The flow computer market was valued at USD 727.7 Million in 2014, and it is estimated to reach USD 1.04 Billion by 2020, at a CAGR of 5.5% between 2015 and 2020. The major driving factors for the market are increased need for technologically advanced and reliable flow computing systems, improved data computational capacity of flow computers, and its suitability in many functions of the oil and gas industry.

The flow computer market is majorly divided into three segments: components, operations, and geographies.

The component segment includes hardware, software, and support services. The hardware component includes the market size of flow computer devices that are being installed on the different operation points for different functions. The hardware component held the largest share of ~83% of the flow computer market in 2014. The flow computer market is further segmented on the basis of operations: upstream and midstream & downstream. In the upstream operations segment, the flow computers are installed on the wellheads, Enhanced Oil Recovery (EOR) injection points, and at other production points. In the midstream and downstream operations, the flow computers are used for metering, meter proving, ticketing, valve control, batching, custody transfer, and supplies billing. The upstream segment is estimated to grow at a CAGR of 6.0% between 2015 and 2020. The midstream and downstream segment accounted for the largest share of ~58% in 2014.

In the geography segmentation, the report covers North America, Europe, Middle East, APAC, and RoW. The North American region accounted for the largest market share of ~35% in 2014. North America is estimated to grow at the highest CAGR of 6.3% between 2015 and 2020. The U.S. is a major country with the largest share of the flow computer market globally.

In this market, several companies are offering flow computing solutions. The major players include Krohne Messtechnik GmbH (Germany), Thermo Fisher Scientific Inc. (U.S.), FMC Technologies, Inc. (U.S.), Emerson Electric Co. (U.S.), Yokogawa Electric Corporation (Japan), OMNI Flow Computers, Inc. (U.S.), Schneider Electric SA (France), Dynamic Flow Computers, Inc. (U.S.), ABB Group (Switzerland), Cameron International Corporation (U.S.), and Honeywell International, Inc. (U.S.).

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