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.
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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.
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.
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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