Flow Computer Market (By Product - Wired Flow Computers, Wireless Flow Computers; By Application - Oil & Gas, Water & Wastewater, Energy & Power Generation, Food & Beverage, Chemical, Pulp & Paper and Metal & Mining, Others; Market By Component - Hardware, Software, Services) - Global Industry Size, Share, Trends and Forecast 2018 - 2026

Introduction

The global flow computer market is project worth $1.8 Billion in 2026 and the market is projected to showcase 8.0% CAGR during the forecast period. The market is driven by increasing penetration of advance computer gadget across various application such as healthcare, commercial space and others.

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Market Dynamics

Increase in acceptance to Applicationsuch as process automation in various application such as oil & gas, chemical, and water & wastewater is the key reason for the growth of the flow computer market. Also, launching of advanced Application for instance, single stream, scanner model, and multi-stream flow computers is anticipated to drive the growth of the market during the forecast period. Also, various industry verticals such as oil & gas, water & wastewater, automotive, and food & beverage are deploying flow computer to automate and streamline its business processes.

Market Insights

The global flow computer market is projected to recordconsiderable growth in coming years, and the growth is attributed to an augmentedalliances between research institutions and businesses, licensing agreements and partnerships amongst companies and augmented R&D investment on flow computer. Other factors that drive the flow computer market are increasingacceptance towards advance technology and changing consumer preference are other factor triggering the growth pf the flow computer market globally.

Market Classification

The global flow computer market is segmented into four major segment named product, component, application, and region. On the basis of product the flow computer market is segmented intowired flow computers and wireless flow computers. On the basis of the component the global flow computer market is segmented into hardware, software, services. On the basis of Application, the flow computer market is segmented into Oil & Gas, Water & Wastewater, Energy & Power Generation, Food & Beverage, Chemical, Pulp & Paper and Metal & Mining, Others. On the basis of region the global flow computer market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Regional Insights

In 2017, North America captured largest revenue share and the region is anticipated to carry on its dominance over the forecast timeframe as the region is extremelyvigorous towards the adoption of new and advance technology. Other reasons for the growth of the North America flow computer market are domicile of a large technology conglomerate of flow computers manufacturers. Countries such as U.S. is the key manufacturing base and suppliers of electronic computer devices and products for instance Yokogawa Corporation of America, Emerson Electric Co., Honeywell International Inc., and Schlumberger Limited.

Asia Pacific region is anticipated to showcase high CAGR during forecast period. This is due to growth of progressive and advance products and growing number of manufacturing facilities in the region.

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Market Participants

The major players associated with the flow computer market ABB,Honeywell International, Inc.,Proteus Yokogawa Corporation of America, FMC Technologies, Inc., SICK AG,Thermo Fisher Scientific Inc., Emerson Electric Co, Schneider Electric, and Schlumberger Limited.Maximum of these organizationsfocus on mergers & acquisitions, new product launch, technological development, and strategic collaboration activities as part of their business growth strategy.Companies associated with flow computer market are constantlyconcentrating on research and development to provide best to the client.

Market Segmentation

Market By Product

• Wired Flow Computers
• Wireless Flow Computers

Market ByApplication

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

Market ByComponent

• Hardware
• Software
• Services

Market By Geography

• North America
  • U.S.
  • Canada
  • Mexico

• Europe
  • UK
  • Germany
  • France
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Chile
  • Rest of Latin America

• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • Rest of MEA