Market Scenario:
Market Research Future
(MRFR) expects the flow computer market 2020 to post a steady CAGR of 8.49%
from 2019 to 2024 (evaluation period). We will provide covid-19 impact analysis
with the report, offering an extensive market evaluation post the coronavirus
disease outbreak.
In a nutshell, COVID-19
impact on managed services has been fruitful, with the market growth enhanced
than before. Given the prevalent lockdown situation, managed services vendors
are now investing heavily in remote-centric worker solutions, which can make
the market highly resilient in the coming years, even as the world is currently
rushing to achieve a COVID-19 breakthrough.
COVID-19 Analysis:
The business impact of
SARS-CoV-2 has been felt across diverse sections of the information technology
industry, albeit at different levels. Companies in the technology sector that
supply services for verticals like travel, retail, hospitality, and entertainment
have noted a dramatic decrease in sales, while the firms that provide services
related to remote worker solutions have observed the opposite. Flow Computer
Market Research ’s fate post pandemic has been relatively less grim compared to
Education Services (ES) and Professional Services (PS) that are mostly
dependent on components that are generally on-site. Novel coronavirus has Flow
Computer Market Research to open new avenues for
those firms that are on the lookout for solutions that are reliable,
efficiently managed, scalable, and are subscription-based, to remain more
focused on the core business. The Flow Computer Market Research Market is
bearing lesser impact of the COVID-19 outbreak compared to most other segments
of the tech world.
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Competitive
Outlook:
The key companies
outlined in the MRFR study are Rockwell Automation (Allen-Bradley), TechnipFMC
PLC (FMC Technologies Measurement), ABB Ltd, Emersion Electric Co, Schneider Electric
SE, OMNI Flow Computers, Inc, ProSoft Technology Inc. (Belden Inc.), Contrec
Ltd, KROHNE Messtechnik GmbH (KROHNE Group), Schlumberger Limited, Flow Systems
Inc, Honeywell International Inc, Co, Yokogawa Electric Corporation, Dynamic
Flow Computers Inc, Flowmetrics, Inc., Kessler-Ellis Products, Thermo Fisher
Scientific Inc, to list a few.
Segmentation:
The flow computer market
research by MRFR outlines the key segments in the report, namely component,
operations, connectivity, equipment, and application.
The components considered
in the report are Software, Services as well as Hardware.
The operation-wise market
sections include Multi-Stream Flow Computers and Single Stream Flow Computers.
The segments, depending
on connectivity are Wireless Flow Computers as well as Wired Flow Computers.
The equipment-based
market categories are Density Measurement Equipment, Pressure Gauges, Meter
Prover, Sampling System, Gas Composition Sensors, Temperature Probes, and
others.
The key application areas
of flow computers are Fuel Monitoring, Pipeline Transmission and Distribution,
Wellhead Measurement and Optimization, Liquid & Gas Measurement, and more.
Regional
Analysis:
The flow computer
industry has been regionally considered for Europe, Asia Pacific/APAC, MEA/the
Middle East and Africa, South America and North America.
North America is
projected to be the largest gainer in the global market during the evaluation
period, racing ahead at a compelling rate. The North American market has been
split into Canada, Mexico and the US/United States. However, the US has the
strongest possibility of clinching the leading position in the regional market,
expanding at a rate of 7.80%, with Canada set to post a growth rate of 6.72%
while Mexico advancing at a rate of 5.86%. The flow computer market in the US
is thriving backed by the high deployment rate of the latest technologies; and
the fact that the country stands as the biggest consumer and producer of oil
& gas resources. Going forward, the Canadian market for oil is inundated
with top players like Canadian Natural Resources Limited, Suncor, Husky,
Cenovus and Imperial Oil, who primarily deploy flow computers.
The MEA market can
interestingly witness the fastest expansion in the coming years, given that the
region is known for its massive production level of oil & gas across the
globe. Qatar, the UAE, Iran and Kuwait are the leading oil-producers in the world,
which favors the flow computer market in the region. The frequent technological
innovations along with the augmented interest in adopting the latest
technologies can be a big plus point for the regional market over the next
couple of years.
Europe has claimed the
second lead in the global market, thanks to the rising use of flow computers in
industries like petrochemical, oil & gas and chemicals. The soaring demand
for wastewater treatment also helps the market generate high revenues. The
UK/United Kingdom consists of various industries that extensively use gas and
oil production; such as breweries, milk-processing, beverages and alcohol, to
name a few. All of these industries deploy flow computers to measure the
volume, temperature and flow of gases and fluids.
Table of Contents:
1 Executive
Summary
2 Scope
of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market
Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
Continued….
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