Press release
Flow Computer Market to hit USD 1.93 Billion by 2030 | ABB, Honeywell, Schlumberger
Flow Computer Market
The research made on the flow computer market shows a potential growth at 6.72% of CAGR during the forecast timeline which is till 2030 with a valuation of USD 1.93 Billion
A flow computer is a special kind of a computer in which there are certain algorithms used and the calculations could be quite complex for calculating and recording the flow rate of certain flowing substances as per the industrial standard at a certain point in time. It offers constant and accurate results with sophisticated programming, hardware components that are damage resistant, and the use of a graphical interface to view the readings. The manufacturers of the flow computer make the flow computer wireless network connections with different hardware devices like temperature probes, pressure gauges, distributed control systems, and gas sensors. This electronic computer gets the digital signals and analog from the flow meter temperature, density transmitter, and pressure transporter so it can perform the algorithm under the right condition. It is also used for measuring the gases and liquids flow. It can record the volume of a certain flowing substance at a specific point in time with the help of complex mathematical equations by simply getting the analog and digital inputs through different sensors, flow meters, and other flow measuring devices.
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Key Players
• ABB Ltd
• Honeywell International Inc
• Schneider Electric SE
• Yokogawa Electric Corporation
• Emersion Electric Co
• Rockwell Automation (Allen-Bradley)
• ProSoft Technology Inc. (Belden Inc.)
• KROHNE Messtechnik GmbH (KROHNE Group)
• OMNI Flow Computers
• Inc
• Schlumberger Limited
Market Segmentation:
As per the Component
• Software
• Services
• Hardware
As per the Operations
• Single stream flow computers
• Multi-stream flow computers
As per the Connectivity
• Wired flow computers
• Wireless flow computers
As per the Equipment
• Pressure gauges
• Gas composition sensors
• Temperature probes
• Density measurement equipment
• Sampling system
As per the Applications
• Fuel monitoring
• Wellhead measurement
• Liquid & gas measurement
• Pipeline transmission and distribution
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Regional Classification:
The regional analysis that has been made on the market of the flow computer shows that North America presently is dominating the market with a good number of shares. One possible reason for it is the increased use of the oil industry.
Industry News:
• Thermo Fisher Scientific Inc May 2018 launched the Scientific AutoXP flow computer for greater control and connectivity that customers can enjoy.
• Aug. 31, 2021 --- LXT, an emerging provider of global AI training data, announced moves to capitalize on the current market opportunity, including its partnership with Facebook AI, National Taiwan University, the Massachusetts Institute of Technology (MIT), and other top research institutions to provide exclusive data in the Speech processing Universal PERformance Benchmark (SUPERB).
• LXT provides agile, customized, high-performance & secure global data generation, collection, and annotation services to AI innovators worldwide. It also provides data generation, collection, and annotation services in more than 200 languages through a secure technology platform that facilitates human insight to improve accuracy and streamlines workflow to reduce costs and optimize turnaround times.
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