Flow Computer Market in Oil and Gas worth 1.04 BN USD by 2020

According to the new market research report, now available on ASDReports, "Flow Computer Market in Oil and Gas by Component (Hardware, Software, & Support Service), by Operation (Upstream, Midstream & Downstream), and by Geography (North America, Europe, Middle East, APAC, & Rest of the World) - Global Forecast to 2020", the flow computer market is expected to reach USD 1.04 Billion by 2020, at a CAGR of 5.5% between 2015 and 2020. The report includes an in-depth analysis of the market segmented on the basis of components, operations, and geographies.

Flow computer is a measurement device that is majorly used in oil and gas industries. It performs the flow measurement function accurately by taking flow input signals from pressure transmitter, temperature transmitter, and flow meter. The oil and gas supplies are valuable; therefore, their accurate measurement by the flow computer becomes a necessity. The flow computers are being developed since long time; however, the suppliers are developing advanced flow computing solutions and continuously developing the devices. There are many companies present in the flow computer market; these companies are offering flow computer devices for various operations such as upstream, midstream& downstream. There are three major factors that are driving the market. It includes 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. Due to these factors, the market is estimated to witness stable growth between 2015 and 2020.

This report describes the market trends, drivers, restraints, opportunities, and challenges with respect to the global market and estimates the market size between 2015 and 2020, segmented on the basis of component, operation, and geography. This global report provides a detailed view of the market across the regions of North America, Europe, Middle East, Asia-Pacific, and RoW (Africa and Latin America). The North American region is expected to grow at the highest CAGR of 6.3% between 2015 and 2020.

The competitive landscape of the market shows a number of new product launches, large-scale collaborations, and agreements and partnerships across the value chain, with a number of Tier 1 players around the globe. Major players in the global market include Krohne Messtechnik GmbH (Germany), Thermo Fisher Scientific Inc. (U.S.), Kessler-Ellis Products Co., Inc. (U.S.), FMC Technologies, Inc. (U.S.), Emerson Electric Co. (U.S.), Yokogawa Electric Corporation (Japan), OMNI Flow Computers, Inc. (U.S.), Dynamic Flow Computers Inc. (U.S.), Schneider Electric SA (France), ABB Group (Switzerland), Cameron International Corporation (U.S.), Honeywell International, Inc. (U.S.), and Contrec Europe Limited (U.K.) among others.

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Source: ASDReports - Market Research
Date: Sep 28, 2015