Market Overview
Market Research Future (MRFR) expects the flow computer market 2020 to post a steady CAGR of 8.49% from 2020 to 2027 (evaluation
period). We will provide covid-19 impact analysis with the report, offering an
extensive market evaluation post the coronavirus disease outbreak.
Top Impacting Factors and Primary Deterrents
The escalating need for advanced computing systems and the rising
deployment of high quality flow computing technology in industries like water
& wastewater, oil & gas, food & beverage and automotive have
benefitted the flow computer market to a large extent. The emergence of
technologically innovative products like single stream, multi-stream and
scanner model flow computers also anticipated to work in the market’s favor
during the appraisal period.
The wastewater treatment sector has emerged as one of the leading
end-users in the global market, which has led to its massive growth in recent
years. Fast urbanization rate along with the decline in the accessibility to
hygienic water resources call for more need of municipal wastewater treatment.
The worldwide population explosion coupled with industrialization has pushed
the demand for higher number of treatment plants. This scenario can be quite
favorable for the flow computer market in the years ahead.
The increasing integration of cloud with flow computers can be a rising
trend in the global market. A vast majority of the leading competitors are
launching and developing more innovative products to gain higher impetus, and
in turn, induce major market growth as well.
For instance, in June 2020, Bedrock Automation added a complete flow
computer capability to its OSA platform, resulting in the release of a more
powerful, easy-to-use and flexible solution that has expansive application
scope in separators, custody transfer stations, and various oil and gas
production plants.
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Segmental Outlook
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.
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