Market Research Future (MRFR) expects the flow computer market 2020 to post a steady CAGR of 8.49% from 2020 to 2027 (evaluation period). We will provide covid-19 impact analysis with the report, offering an extensive market evaluation post the coronavirus disease outbreak.
Top Impacting Factors and Primary Deterrents
The escalating need for advanced computing systems and the rising deployment of high quality flow computing technology in industries like water wastewater, oil gas, food beverage and automotive have benefitted the flow computer market to a large extent. The emergence of technologically innovative products like single stream, multi-stream and scanner model flow computers also anticipated to work in the market’s favor during the appraisal period.
The wastewater treatment sector has emerged as one of the leading end-users in the global market, which has led to its massive growth in recent years. Fast urbanization rate along with the decline in the accessibility to hygienic water resources call for more need of municipal wastewater treatment. The worldwide population explosion coupled with industrialization has pushed the demand for higher number of treatment plants. This scenario can be quite favorable for the flow computer market in the years ahead.
The increasing integration of cloud with flow computers can be a rising trend in the global market. A vast majority of the leading competitors are launching and developing more innovative products to gain higher impetus, and in turn, induce major market growth as well.
For instance, in June 2020, Bedrock Automation added a complete flow computer capability to its OSA platform, resulting in the release of a more powerful, easy-to-use and flexible solution that has expansive application scope in separators, custody transfer stations, and various oil and gas production plants.
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The flow computer market research by MRFR outlines the key segments in the report, namely component, operations, connectivity, equipment and application.
The components considered in the report are Software, Services as well as Hardware.
The operation-wise market sections include Multi-Stream Flow Computers and Single Stream Flow Computers.
The segments, depending on connectivity are Wireless Flow Computers as well as Wired Flow Computers.
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