Flow Computer Companies - Emerson Electric Co. (US), Honeywell International, Inc. (US) and ABB (Switzerland) are the Top Players
The flow computer market in oil & gas is projected to grow from USD 798 million in 2023 to USD 1,067 million in 2028; it is expected to grow at a CAGR of 6.0% from 2023 to 2028. The growth of the market is attributed to the technological advancements in oil & gas industry and need to maximize production potential from mature wells driving the flow computer.
Key players operating in the market include Emerson Electric Co. (US), Honeywell International, Inc. (US), ABB (Switzerland), Thermo Fisher Scientific Inc. (US), Schneider Electric (France), Krohne Messtechnik GmbH (Germany), Yokogawa Electric Corporation (Japan), TechnipFMC plc (US), OMNI Flow Computers, Inc. (US), Dynamic Flow Computers, Inc. (US), Contrec Limited (UK), Kessler-Ellis Products (KEP) Co, Inc. (US), Sensia (US). Major strategies adopted by top players to enhance their product portfolios, provide services, increase their market share, and expand their presence in the market mainly include new product launches with the latest technology and innovation and deals, such as acquisitions and partnerships.
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Top 3 Players in Flow Computer Market in Oil & Gas:
Emerson Electric Co. is one of the leading providers of engineering and technology solutions. The company operates through three business segments: automation solutions, AspenTech, and commercial & residential solutions. The automation solutions segment focuses on optimizing the energy efficiency and operating cost of discrete and hybrid manufacturers through a broad offering of products and integration solutions. The company offers flow computers through its automation solutions business. They are designed to enhance measurement operations through metrology performance and by offering improved safety and security measures.
Honeywell International, Inc. (US)
Honeywell International, Inc. is one of the leading companies in the field of technology and manufacturing; it offers distinct technologies which have applications in aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy-efficient products and solutions for homes, business, and transportation. It operates through its four business segments, namely, aerospace, Honeywell building and technologies, performance materials and technologies (PMT), and safety and productivity solutions. It offers enCore series and gas-net series flow computer devices for oil and gas industries, along with many other flow measurement and control products.
ABB is a global leader in power and automation technologies. Its operations are organized into four business divisions—electrification, motion, process automation, and robotics & discrete automation. The process automation segment of ABB offers measurement and analytics products and solutions to cater to the requirements of different industries such as oil & gas, chemicals, marine, etc. In the flow computer market, it offers differential and linear flow computer solutions. It also provides software solutions for flow measurement; these include PCCU, TCI, TDS, FLOW-EXPERT, and many others.
Related Reports:
Flow Computer Market in Oil & Gas by Offering (Hardware, Software, Support Services), by Operation (Upstream, Midstream and Downstream), Application (Custody Transfer, Pipeline Flow Monitoring, Wellhead Monitoring) and Region - Global Forecast to 2028
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