Flow Computer: A shift from hardware- to software-based solutions
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.
Complet report on Flow Computer Market spread across 164 pages with 70 tables and 70 figures Profiling 13 Companies is now available at http://www.rnrmarketresearch.com/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-market-report.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.
The introduction of intelligent measurement devices—such as smart meters and field transmitters—which are capable of integrating with the flow computing process seamlessly is expected to further increase the overall accuracy of the system. These smart devices are expected to have a significant impact on the flow computing market, specially the advances software solutions market.
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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).
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.
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