Flow Computers Market Size, Share, and Trends 2024 to 2034

Flow Computers Market Sizeand Forecast 2024 to 2034

The global flow computers market size accounted for USD 779.12 million in 2024 and is predicted to reach around USD 1317.48 million by 2034, growing at a CAGR of 5% from 2024 to 2034.

Flow Computers Market Key Takeaways

• North America led the global market with the highest market share of 35% in 2023.
• Asia Pacific is predicted to expand at the fastest CAGR during the forecast period.
• By Component, the hardware segment contributed major share in 2023.
• By Application, the oil & gas segment expected to grow revenue at a faster rate than the market during the forecast period.
• By Product, the wired flow computer segment had the largest market share in 2023.

U.S. Flow Computers Market Size and Growth 2024 To 2034

The U.S. flow computers market size was valued at USD 181.06 million in 2023 and is expected to reach USD 325.55 million by 2034, growing at a CAGR of 5.47% from 2024 to 2034.

In 2023, North American garnered majority of the market share of around 35% in terms of revenue. In this region, the U.S. contributed to the overall high demand for flow computers across various industries. U.S. is one of the protuberant manufacturing centers and suppliers of electronic computer products with presence of market giants like Schlumberger Limited, Emerson Electric Co., Yokogawa Corporation of America, and Honeywell International Inc.This tremendous market growth of the region can be credited to residence of a large number of flow computers companies.

Asia Pacific is also expected to record considerable growth in the flow computers market during years to come. The water & wastewater sector in Asia Pacific is anticipated to be one of the protuberant end users of flow meters during forthcoming years. Nations including South Korea, China, India, and Australia are observing industrial improvement and speedy urbanization. These factors in turn are intensifying the necessity for wastewater treatment and water supply thereby supplementing the growth of the flow computers market.

Flow Computers Market Growth Factors

Some of the major influencers flourishing the growth of flow computer market include augmented need for technologically progressive and reliable flow computing systems, better-quality data computational capability, and suitability of flow computers in numerous functions of the oil and gas sector. However, decreasing oil & gas prices distress the infrastructure-associated funds in oil and gas segments unfavorably which eventually affects the demand for flow computers. Nonetheless, potential growth in the flow computing software market and rising employment of process automation in the oil and gas sector offers alluring opportunities to the growth of the market in the next few years.

Ground breaking and trustworthy flow computing solutions employed in oil extraction processes like compatibility with meters, incorporation with the cloud, and multi-meter run management have augmented the practice and precision of flow computers. This factor is motivating the growth of flow computers market across the globe. Incorporation of flow computer with the cloud is anticipated to produce lucrative prospects for flow computer market in near future. The proficiency of connecting real-time data from numerous devices to the end-user via the Internet is forthcoming trend that positively affecting the adoption of advanced flow meter.

Flow Computers Market Scope

Component Insights

Global flow computer market is classified on the basis of components into software, hardware, and support services. Hardware includes mounting adapters and other related tools & accessories. In 2023, among all components, hardware segment occupied majority of the market share in terms revenue. It is expected to mirror this trend throughout the assessment period.

Flow computer software assists to access data files taken from a computer, which permits consumers to see, print, and transfer configured data to address an auditor’s requisite. It is employed to confirm and audit generated data. This software segment is expected to observe the uppermost growth throughout the prediction period.

Application Insights

Flow meters find widespread application in various end-use industries such as energy & power generation, and metal & mining, oil & gas, water & wastewater, chemical, food & beverage, pulp & paper and others. The oil & gas sector is projected to top the market revenue growth during the prediction period. The oil and gas resources are costly; thus, their precise measurement becomes foreseeable. The flow computers are, consequently, compulsory in oil and gas industries at manifold points for accurate flow computing and for consistent flow measurement, control and monitoring.

Flow computers are utilized in the oil & gas sector for gas and liquid measurement and fuel monitoring. Flow computing software in the oil & gas industry is employed on a standard computer and offers measurement values for virtual flow computers developed by data communication devices.

Product Insights

Depending on product, flow meter market report has been bifurcated into wireless and wired flow computers. The wired flow computer segment gathered prevailing revenue share in the global flow computers market in 2023. It is projected to preserve its position by 2034, on account of rising usage of computing measurements and electronic computers in the process industry. The oil & gas, water & wastewater, and chemical sectors are projected to surge the saleof flow computers throughout the prediction period.

Key Companies & Market Share Insights

The competitive backdrop of the flow computer market displays a number of new fangled product introductions, large-scale associations, and arrangements and collaborations across the value chain. The key companies are converging on presenting improvements in electronic computers to record data further precisely. Some of the momentous players in the flow computers market include:

Flow Computers Market Companies

• Schneider Electric
• ABB
• Yokogawa Corporation of America
• Emerson Electric Co
• Honeywell International, Inc.
• Thermo Fisher Scientific Inc.
• SICK AG
• Schlumberger Limited
• FMC Technologies, Inc.
• Other

Segments Covered in the Report

This research report includes complete assessment of the market with the help of extensive qualitative and quantitative insights, and projections regarding the market. This report offers breakdown of market into prospective and niche sectors. Further, this research study calculates market revenue and its growth trend at global, regional, and country from 2024 to 2034. This report includes market segmentation and its revenue estimation by classifying it on the basis of product, component, application and region as follows:

By Product

• Wireless Flow Computers
• Wired Flow Computers

By Application

• Energy & Power Generation
• Food & Beverage
• Oil & Gas
• Water & Wastewater
• Pulp & Paper
• Metal & Mining
• Chemical
• Others

By Component

• Software
• Hardware
• Services

By Regional Outlook

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Middle East & Africa
• Latin America