Flow Computers Market Driven by Growing Oil and Gas Exploration...

Flow Computers Market Driven by Growing Oil and Gas Exploration Activities

Posted 2024-08-19 09:35:12

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Market Overview:

The flow computers market is primarily driven by the increasing oil and gas exploration activities across the globe. Flow computers are electronic measurement instrumentation devices used to calculate, totalize, record and transmit flow data from various fluid and gas measurement points in pipeline networks. They offer advantages such as enhanced accuracy, real-time communication and decreased costs.

Computers Market Size AND Trends find wide applications in upstream oil & gas, transportation, refinery, petrochemical and other process industry verticals for measurement of crude oil, natural gas, water, chemicals and refined petroleum products.

The Global Flow Computers Market is estimated to be valued at US$ 816.23 Mn in 2024 and is expected to exhibit a CAGR of 9.6% over the forecast period 2024 To 2031.

Key Takeaways

Key players: Key players operating in the Flow Computers market are Emerson Electric Co., ABB Ltd., Thermo Fisher Scientific Inc., Yokogawa Electric Corporation, Schneider Electric SE, Honeywell International Inc., Siemens AG, Badger Meter Inc., AMETEK Inc., Equinor ASA, KT-Flow, KROHNE Group, OMNI Flow Computers Inc., Schlumberger Limited, SICK AG, Logic Beach Inc., Flowmetrics Inc., Contrec Ltd., Kessler-Ellis Products Co., and TechnipFMC plc.

Growing demand: The Flow Computers Market Demand for oil and gas globally due to rapid industrialization and increasing consumption is driving the flow computer market. The market is witnessing rising demand from upstream oil & gas exploration and production activities.

Global expansion: Major players in the flow computers market are expanding their global footprint by establishing manufacturing units and partnerships across different geographies to cater to the growing product demand. OEMs and suppliers are also enhancing their distribution networks globally.

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