The flow computer market size has the potential to grow by USD 381.47 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by product (wired flow and wireless flow), end-user (oil and gas and others), and geography (North America, APAC, Europe, South America, and MEA). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including ABB Ltd., Emerson Electric Co., Honeywell International Inc., KROHNE Messtechnik GmbH, Schneider Electric SE, SICK AG, Siemens AG, TechnipFMC Plc, Thermo Fisher Scientific Inc., and Yokogawa Electric Corp.
Market Overview
Market Competitive Analysis
The market is fragmented. SICK AG, Siemens AG, TechnipFMC Plc, Thermo Fisher Scientific Inc., and Yokogawa Electric Corp. are some of the major market participants. Although the demand from the wastewater treatment industry will offer immense growth opportunities, the stagnant oil and gas industry will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this flow computer market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this market analysis report also provides information on the upcoming flow computer market trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This flow computer market analysis report provides information on the production, sustainability, and prospects of several leading companies, including:
- ABB Ltd.
- Emerson Electric Co.
- Honeywell International Inc.
- KROHNE Messtechnik GmbH
- Schneider Electric SE
- SICK AG
- Siemens AG
- TechnipFMC Plc
- Thermo Fisher Scientific Inc.
- Yokogawa Electric Corp.
Flow Computer Market: Segmentation by Region
North America was the largest flow computer market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The growing demand for automation of oil and gas operations will significantly drive the flow computer market growth in this region over the forecast period.
Almost 36% of the market’s growth will originate from North America during the forecast period. The US is the key market for flow computers in North America. Market growth in this region will be slower than the growth of the market in MEA and APAC.
Flow Computer Market: Segmentation by Product
Wired flow computers are significantly used in power and wastewater treatment plants. Therefore, the upcoming power plants and wastewater treatment plant projects will drive the growth of the flow computer market growth by the wired flow segment. Wired flow computers provide integrated and reliable flow computing measurement and are widely used in the process industries.
The flow computer market share growth by the wired flow segment will be slower than the growth of the market by the wireless flow segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the flow computer market size.
Flow Computer Market: Key Drivers and Trends
The flow computer market will register a CAGR of almost 6% by 2024. The demand from wastewater treatment industry is one of the primary factors driving market growth. Rapid urbanization and reducing accessibility to clean water resources have increased the need for municipal wastewater treatment. In addition to providing clean water, wastewater management also plays a key role in conserving the environment. The treatment is done to eliminate contaminants such as sewage slurry and make the water fit for drinking and irrigation. Wastewater treatment uses flow computers in many processes such as the slurry tank, composites, digesters, and chemical stations. As a result, the rising population and industrialization will drive the demand for more treatment plants. This will increase the demand for flow computers during the forecast period.
Flow Computer Market: Key Highlights of the Report for the Forecast Period 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive flow computer market growth during the next five years
- Precise estimation of the flow computer market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the flow computer market industry across North America, APAC, Europe, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of flow computer market vendors