- Hardware
- Software
- Support Services
Flow Computer Oil Gas Market was valued at USD 740.3 million in 2023 and is poised to grow at a significant CAGR of 6.0% over 2024-2030. The global flow computer oil and gas market is driven by several key factors. The increasing demand for accurate measurement and control of flow rates in the oil and gas industry is expected to fuel the market. Flow computers play a crucial role in ensuring precise measurements, which are essential for custody transfer, production optimization, and compliance with industry standards. Additionally, the expanding pipeline infrastructure worldwide is creating opportunities for the flow computer oil gas market outlook. With the growing need for efficient transportation of oil and gas, pipeline networks are being developed and expanded, requiring advanced flow measurement and control systems.
Moreover, provides advanced technologies, such as IoT and cloud computing, is providing an opportunity for market growth. These technologies enable remote monitoring, data analysis, and optimization of flow processes, leading to improved operational efficiency and cost savings. Overall, the global flow computer oil and gas market presents significant opportunities for manufacturers and suppliers. The flow computer oil gas market growth is expected to be fueled by the increasing demand for accurate flow measurement, the expansion of pipeline infrastructure, the integration of advanced technologies, and the emphasis on safety and environmental compliance in the industry.
Flow Computer Oil Gas Market Recent Key Developments:
- In January 2023, Emerson Electric Co. and Yokogawa Electric Corporation announced a collaboration to develop a new flow computer for the oil and gas industry. The new flow computer will be designed to meet the increasing demand for accurate and reliable flow measurements in the oil and gas industry.
- In February 2023, Honeywell International Inc., launched its new Experion Process Knowledge System (PKS) for the oil and gas industry. The new PKS is designed to help oil and gas companies improve their operational efficiency and reduce their costs.
Flow Computer Oil Gas Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
6.00%
Largest Market
North America
Fastest Growing Market
Asia Pacific
Flow Computer Oil Gas Market Dynamics
The increasing focus on safety and environmental regulations in the oil and gas industry is driving down the demand for flow computers. Flow computers play a critical role in ensuring the accurate measurement and control of flow rates, which is essential for maintaining safe and efficient operations. By providing real-time monitoring and data analysis, flow computers enable operators to detect anomalies, identify potential hazards, and take prompt corrective actions. Moreover, flow computers help in complying with environmental regulations by facilitating the accurate measurement and reporting of emissions, ensuring minimal environmental impact. The adoption of flow computers helps oil and gas companies enhance safety protocols, minimize risks, and meet stringent environmental standards, thereby safeguarding both personnel and the environment.
North-America Got Significant Share
Flow Computer Oil Gas Market Regional Analysis
North America dominates the global flow computer oil gas market due to North America being a major hub for oil and gas production, with well-established infrastructure and advanced technologies. This creates a high demand for flow computers to accurately measure and control the flow rates in various oil and gas operations. Additionally, the region's strict regulatory framework regarding safety and environmental compliance further drives the adoption of flow computers in the oil and gas industry.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The flow computer oil gas market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Flow Computer Oil Gas Market Segmentation
By Offering
By Operation
- Upstream
- Midstream
- Downstream
By Application
- Custody Transfer
- Pipeline Flow Monitoring
- Wellhead Monitoring
By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
Frequently Asked Questions
Flow computer is a specialized device used in the oil and gas industry to measure, calculate, and record flow rates and other related parameters of fluids such as oil, gas, and water. It provides accurate measurement and control of flow rates, helping in the efficient operation of oil and gas production processes.
A flow computer works by collecting data from various sensors and transmitters installed in the pipeline system. It measures parameters such as flow rates, pressure, temperature, and density of the fluids. The flow computer then performs calculations based on the collected data, using algorithms and equations specific to the industry. It provides accurate measurements and outputs the results for monitoring, control, and recording purposes.
Flow computers offer several benefits in the oil and gas industry, including: • Accurate and reliable measurement of flow rates and other parameters • Real-time monitoring and control of flow processes • Enhanced efficiency and productivity in oil and gas operations • Compliance with industry standards and regulations • Data logging and reporting for analysis and decision-making • Integration with other control systems for seamless operation.
| 1.Executive Summary |
| 2.Global Flow Computer Oil Gas Market Introduction |
| 2.1.Global Flow Computer Oil Gas Market - Taxonomy |
| 2.2.Global Flow Computer Oil Gas Market - Definitions |
| 2.2.1.Offering |
| 2.2.2.Operation |
| 2.2.3.Application |
| 2.2.4.Geography |
| 2.2.5.Region |
| 3.Global Flow Computer Oil Gas Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Flow Computer Oil Gas Market Analysis, 2019 - 2023 and Forecast 2024-2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Flow Computer Oil Gas Market By Offering, 2019 - 2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 5.1. Hardware |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Software |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Support Services |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6.Global Flow Computer Oil Gas Market By Operation, 2019 - 2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 6.1. Upstream |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Midstream |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Downstream |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7.Global Flow Computer Oil Gas Market By Application, 2019 - 2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 7.1. Custody Transfer |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Pipeline Flow Monitoring |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Wellhead Monitoring |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 8.Global Flow Computer Oil Gas Market By Geography, 2019 - 2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. The Asia Pacific |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Latin America |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. MEA |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.Global Flow Computer Oil Gas Market By Region, 2019 - 2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Europe |
| 9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Asia Pacific (APAC) |
| 9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Middle East and Africa (MEA) |
| 9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Latin America |
| 9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 10.North America Flow Computer Oil Gas Market ,2019 - 2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 10.1. Offering Analysis 2019 - 2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Hardware |
| 10.1.2.Software |
| 10.1.3.Support Services |
| 10.2. Operation Analysis 2019 - 2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Upstream |
| 10.2.2.Midstream |
| 10.2.3.Downstream |
| 10.3. Application Analysis 2019 - 2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Custody Transfer |
| 10.3.2.Pipeline Flow Monitoring |
| 10.3.3.Wellhead Monitoring |
| 10.4. Geography Analysis 2019 - 2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.North America |
| 10.4.2.Europe |
| 10.4.3.The Asia Pacific |
| 10.4.4.Latin America |
| 10.4.5.MEA |
| 10.5. Country Analysis 2019 - 2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.5.1.United States of America (USA) |
| 10.5.2.Canada |
| 11.Europe Flow Computer Oil Gas Market ,2019 - 2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 11.1. Offering Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Hardware |
| 11.1.2.Software |
| 11.1.3.Support Services |
| 11.2. Operation Analysis 2019 - 2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Upstream |
| 11.2.2.Midstream |
| 11.2.3.Downstream |
| 11.3. Application Analysis 2019 - 2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Custody Transfer |
| 11.3.2.Pipeline Flow Monitoring |
| 11.3.3.Wellhead Monitoring |
| 11.4. Geography Analysis 2019 - 2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.North America |
| 11.4.2.Europe |
| 11.4.3.The Asia Pacific |
| 11.4.4.Latin America |
| 11.4.5.MEA |
| 11.5. Country Analysis 2019 - 2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.5.1.Germany |
| 11.5.2.France |
| 11.5.3.Italy |
| 11.5.4.United Kingdom (UK) |
| 11.5.5.Spain |
| 12.Asia Pacific (APAC) Flow Computer Oil Gas Market ,2019 - 2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 12.1. Offering Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Hardware |
| 12.1.2.Software |
| 12.1.3.Support Services |
| 12.2. Operation Analysis 2019 - 2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Upstream |
| 12.2.2.Midstream |
| 12.2.3.Downstream |
| 12.3. Application Analysis 2019 - 2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Custody Transfer |
| 12.3.2.Pipeline Flow Monitoring |
| 12.3.3.Wellhead Monitoring |
| 12.4. Geography Analysis 2019 - 2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.North America |
| 12.4.2.Europe |
| 12.4.3.The Asia Pacific |
| 12.4.4.Latin America |
| 12.4.5.MEA |
| 12.5. Country Analysis 2019 - 2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.5.1.China |
| 12.5.2.India |
| 12.5.3.Australia and New Zealand (ANZ) |
| 12.5.4.Japan |
| 12.5.5.Rest of APAC |
| 13.Middle East and Africa (MEA) Flow Computer Oil Gas Market ,2019 - 2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 13.1. Offering Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Hardware |
| 13.1.2.Software |
| 13.1.3.Support Services |
| 13.2. Operation Analysis 2019 - 2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Upstream |
| 13.2.2.Midstream |
| 13.2.3.Downstream |
| 13.3. Application Analysis 2019 - 2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Custody Transfer |
| 13.3.2.Pipeline Flow Monitoring |
| 13.3.3.Wellhead Monitoring |
| 13.4. Geography Analysis 2019 - 2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.North America |
| 13.4.2.Europe |
| 13.4.3.The Asia Pacific |
| 13.4.4.Latin America |
| 13.4.5.MEA |
| 13.5. Country Analysis 2019 - 2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.5.1.GCC Countries |
| 13.5.2.South Africa |
| 13.5.3.Rest of MEA |
| 14.Latin America Flow Computer Oil Gas Market ,2019 - 2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 14.1. Offering Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1.Hardware |
| 14.1.2.Software |
| 14.1.3.Support Services |
| 14.2. Operation Analysis 2019 - 2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.2.1.Upstream |
| 14.2.2.Midstream |
| 14.2.3.Downstream |
| 14.3. Application Analysis 2019 - 2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.3.1.Custody Transfer |
| 14.3.2.Pipeline Flow Monitoring |
| 14.3.3.Wellhead Monitoring |
| 14.4. Geography Analysis 2019 - 2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.4.1.North America |
| 14.4.2.Europe |
| 14.4.3.The Asia Pacific |
| 14.4.4.Latin America |
| 14.4.5.MEA |
| 14.5. Country Analysis 2019 - 2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.5.1.Brazil |
| 14.5.2.Mexico |
| 14.5.3.Rest of LA |
| 15. Competition Landscape |
| 15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 15.2.1.Honeywell International Inc. |
| 15.2.2.ABB |
| 15.2.3.Schneider Electric |
| 15.2.4.Flow Systems, Inc. |
| 15.2.5.Yokogawa Electric Corporation |
| 15.2.6.Dynamic Flow Computers |
| 15.2.7.Kessler-Ellis Products (KEP) |
| 15.2.8.Thermo Fisher Scientific Inc. |
| 15.2.9.Swinton Technology Ltd. |
| 15.2.10.Emersion Electric Co. |
| 16. Research Methodology |
| 17. Appendix and Abbreviations |
- Honeywell International Inc.
- ABB
- Schneider Electric
- Flow Systems, Inc.
- Yokogawa Electric Corporation
- Dynamic Flow Computers
- Kessler-Ellis Products (KEP)
- Thermo Fisher Scientific Inc.
- Swinton Technology Ltd.
- Emersion Electric Co.