Flow Computer Market (Hardware, Software, & Support Service) to Hit 5.5% CAGR to 2020

The market for flow computing in oil and gas was valued at $727.7 million in 2014, and it is estimated to reach $1.04billion by 2020, at a CAGR of 5.5% to 2020 driven by suitability in many functions of the oil and gas industry.

The detailed analysis of the flow computer market is done in the market research report – “Flow Computer Market (2015–2020)”. The flow computer market is expected to reach USD 1.04 billion by 2020, at a CAGR of 5.5% between 2015 and 2020. The report provides the market size and forecast of flow computers with segmentation on the basis of component (hardware, software, & support service), by operation (upstream, midstream & downstream), and by geography (North America, Europe, APAC, and Rest of the World).

Complete report on Flow Computer Market in Oil and Gas spread across 164 pages, profiling 13 companies and supported with 70 tables and 70 figures is now available at http://www.reportsnreports.com/reports/425544-flow-computer-market-in-oil-and-gas-by-component-hardware-software-support-service-by-operation-upstream-midstream-downstream-and-by-geography-north-america-europe-middle-east-apac-rest-of-the-world-global-forecast-to-2020.html .

The growing use of unconventional sources for oil and gas extraction such as subsea, oil sands, and shale deposits has made the extraction process highly complex. With the evolution of the oil and gas industry, the use of technology has also become equally important. Oil and gas producers are investing heavily in latest technologies to make the extraction process safe and profitable. However, the recent decline in the oil prices, the current investment scenario may be affected.

The need to accurately measure the flow of oil and gas during the extraction process has led to the development of advanced flow measurement methods such as flow computers. Flow computers are designed to calculate the correct flow of liquid and gas based on the information collected from flow meters. With the increasing adoption of process automation in the oil and gas industries, the market for flow computers and other process measurement technologies is expected to grow in the coming years.

Major players involved in the development of flow computer includes Krohne Messtechnik GmbH (Germany), Thermo Fisher Scientific Inc. (U.S.), Kessler-Ellis Products Co., Inc. (U.S.), FMC Technologies, Inc. (U.S.), Emerson Electric Co. (U.S.), Yokogawa Electric Corporation (Japan), OMNI Flow Computers, Inc. (U.S.), Dynamic Flow Computers Inc. (U.S.), Schneider Electric SA (France), ABB Group (Switzerland), Cameron International Corporation (U.S.), Honeywell International Inc. (U.S.), and Contrec Europe Limited (U.K.) among others. Get a disocunted copy of Flow Computer Market in Oil and Gas by Component (Hardware, Software, & Support Service), by Operation (Upstream, Midstream & Downstream), and by Geography (North America, Europe, Middle East, APAC, & Rest of the World) - Global Forecast to 2020 research report at http://www.reportsnreports.com/reports/425544-flow-computer-market-in-oil-and-gas-by-component-hardware-software-support-service-by-operation-upstream-midstream-downstream-and-by-geography-north-america-europe-middle-east-apac-rest-of-the-world-global-forecast-to-2020.html .

The trend of flow computing is expected to shift from hardware-oriented to software-oriented mode in the coming future. The management/computing software installed at the workstation collects the data from flow computers and presents it to the user via human machine interface (HMI) in a comprehensive manner. Many companies are planning to introduce flow computing software capable of handling data from multiple flow computers, making the process even more efficient.

On a related note, another research on High Performance Computing Market Global Forecast to 2020 says, Higher computational power drives the High Performance Computing (HPC) market. The market in Asia-Pacific (APAC) is expected to witness the highest market growth. The overall HPC market is expected to grow at a CAGR of 5.45% during 2015-2020. Comapanies like AMD, Cray, Cisco Systems, Intel Corporation, SGI, HP, Dell, IBM, Atos SE, and Fujitsu have been profiled in this 162 pages research report at http://www.reportsnreports.com/reports/273323-high-performance-computing-market-server-storage-networking-software-middleware-cluster-fabric-management-performance-optimization-professional-services-deployment-models-price-bands-global-market-forecasts-analysis-2013-2018-.html .

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