A flow computer refers to a specialized kind of machine that uses complex computations to interpret the data from flow meters and to record and measure the volume of a certain flowing substance at a specific point in time. This type of computer can be employed for liquids and gases and are in demand across various verticals. For highly consistent and accurate results, flow computers should retain sophisticated programming, damage-resistant hardware components, and a user-friendly interface.
These computers are programmed with the essential equations and algorithms required to accurately interpret the data from flow meters and other flow measuring devices.
Many developers design flow computers that can be connected to a variety of devices including gas chromatograph, liquid provers, distributed control systems and many more. The prime duty of the flow computer is to record the continuous stream of information delivered by the flow meter.
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Market Analysis
According to the research report published in Bizwit Research & Consulting LLP, the global flow computer market valued almost US$0.88 billion in the year 2017 is predicted to prosper with a healthy growth pace of about 5.14% over the forecast period 2018-2025.
Flow computer has particular requirements that are to be met. These requirements include audit trail, calculation accuracy, historical data, and log. Additional functions might be required such as ticket printing and meter proving for better retrieval of information.
The research report released by Bizwit Research & Consulting LLP provides a detailed analysis of the market driving and restraining factors. Some of the key findings from the report are mentioned below-
Driving factors responsible for the development of flow computers market include-
- The growing need for technologically progressed and consistent flow computing systems.
- Strengthened computational capacity of flow computers relevant to suitability in all processes of various domains.
The factors that can obstruct the growth of flow computer markets-
- Huge investments associated with maintenance.
- Lack of awareness among the consumers.
Market Segmentation
As per the research conducted by Bizwit Research & Consulting LLP, the global flow computer market can be analyzed on the basis of product type, components, end-users, and regional outlook.
Based on component, the global flow computer market can be segmented into-
- Software
- Hardware
- Services
Based on product type, the flow computers can be categorized into-
- Wired flow computers
- Wireless flow computers
Based on end-user segment, the flow computer market can be segmented into-
- Electric power
- Transportation
- Environmental
- Engineering
- Oils and gases
- Others
Geographically, North America, Europe, Asia Pacific, and Latin America are the primary regions contributing to the growth and development of the flow computer market.
Important facts
The regional markets of Asia Pacific accounted for the highest market share, in the year 2018. North America leads the flow of computer market owing to technological development. European market dominated the industry growth in the forecast period owing to the deployment of flow computers in various verticals for efficient computing.
The software component segment of the flow computer market is expected to prosper at the highest CAGR of about 8.0% between the years 2015 and 2020.
Continuous…
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