The North America Flow Computer in Oil & Gas Market would witness market growth of 5.1% CAGR during the forecast period (2023-2029).
The capabilities of flow computer processing have increased due to the creation by numerous participants of a single, robust platform outfitted with integrated edge computing, measurement and controls, enhanced networking, and intrinsic cyber security for the oil and gas industry. Many firms are offering integrated solutions for core processing requirements in the upstream, midstream, and downstream sectors of the value chain.
Further product enhancements for classic and new technology flowmeters enhance these systems' capacity to capture data. Suppliers of vortex and turbines have begun to offer dual flowmeters with two simultaneously calibrated sensors. In addition, companies are developing their Adaptive Sensor Technology (AST) to provide enhanced thermal mass flow meters for process industry air/gas flow measurement with improved rangeability, precision, longer service life, and dependability.
In 2021, Mexico will be one of the top oil producers, making 1.9 million barrels daily. In 2021, more than 212 million barrels of heavy crude from Mexico were bought by other countries. Oil is an essential part of Mexico's economy. In 2021, this industry brought in almost 16% of all government money. Major oil and gas companies in Mexico have confirmed the existence of large oil reserves and efforts to update the country's logistics infrastructure. As the region uses a lot of oil, has a lot of oil reserves, and has a booming oil and gas industry, the utilization of flow computers to ease out the processes in the oil & gas sector will also increase, driving the market growth in the region.
The US market dominated the North America Flow Computer in Oil & Gas Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $269.6 million by 2029. The Canada market is poised to grow at a CAGR of 7.5% during (2023 - 2029). Additionally, The Mexico market would showcase a CAGR of 6.6% during (2023 - 2029).
Based on Operation, the market is segmented into Midstream & Downstream and Upstream. Based on Component, the market is segmented into Hardware, Software and Support Services. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Flow Computer in Oil & Gas Market is Projected to reach USD 1.1 Billion by 2029, at a CAGR of 5.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Emerson Electric Co., Honeywell International, Inc., ABB Ltd., Thermo Fisher Scientific, Inc., Schneider Electric SE, TechnipFMC plc, Sick AG, Badger Meter, Inc., Hoffer Flow Controls, Inc., and Spirax Sarco Limited.
Scope of the Study
Market Segments Covered in the Report:
By Operation
- Midstream & Downstream
- Upstream
By Component
- Hardware
- Software
- Support Services
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Emerson Electric Co.
- Honeywell International, Inc.
- ABB Ltd.
- Thermo Fisher Scientific, Inc.
- Schneider Electric SE
- TechnipFMC plc
- Sick AG
- Badger Meter, Inc.
- Hoffer Flow Controls, Inc.
- Spirax Sarco Limited
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Flow Computer in Oil & Gas Market, by Operation
1.4.2 North America Flow Computer in Oil & Gas Market, by Component
1.4.3 North America Flow Computer in Oil & Gas Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis – Global
3.1 Market Share Analysis, 2022
3.2 Strategies deployed in Flow Computer in Oil & Gas Market
Chapter 4. North America Flow Computer in Oil & Gas Market by Operation
4.1 North America Midstream & Downstream Market by Country
4.2 North America Upstream Market by Country
Chapter 5. North America Flow Computer in Oil & Gas Market by Component
5.1 North America Hardware Market by Country
5.2 North America Software Market by Country
5.3 North America Support Services Market by Country
Chapter 6. North America Flow Computer in Oil & Gas Market by Country
6.1 US Flow Computer in Oil & Gas Market
6.1.1 US Flow Computer in Oil & Gas Market by Operation
6.1.2 US Flow Computer in Oil & Gas Market by Component
6.2 Canada Flow Computer in Oil & Gas Market
6.2.1 Canada Flow Computer in Oil & Gas Market by Operation
6.2.2 Canada Flow Computer in Oil & Gas Market by Component
6.3 Mexico Flow Computer in Oil & Gas Market
6.3.1 Mexico Flow Computer in Oil & Gas Market by Operation
6.3.2 Mexico Flow Computer in Oil & Gas Market by Component
6.4 Rest of North America Flow Computer in Oil & Gas Market
6.4.1 Rest of North America Flow Computer in Oil & Gas Market by Operation
6.4.2 Rest of North America Flow Computer in Oil & Gas Market by Component
Chapter 7. Company Profiles
7.1 Emerson Electric Co.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Product Launches and Product Expansions:
7.1.5.2 Acquisition and Mergers:
7.2 Honeywell International, Inc.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 SWOT Analysis
7.3 ABB Ltd.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 SWOT Analysis
7.4 Thermo Fisher Scientific, Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.4.5 Recent strategies and developments:
7.4.5.1 Product Launches and Product Expansions:
7.4.6 SWOT Analysis
7.5 Schneider Electric SE
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.5.5 SWOT Analysis
7.6 TechnipFMC plc
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expenses
7.7 Sick AG
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expense
7.7.5 SWOT Analysis
7.8 Badger Meter, Inc.
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Regional Analysis
7.8.4 Research & Development Expenses
7.8.5 Recent strategies and developments:
7.8.5.1 Acquisition and Mergers:
7.9 Hoffer Flow Controls, Inc.
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Product Launches and Product Expansions:
7.10. Spirax Sarco Limited
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Research & Development Expenses
TABLE 1 North America Flow Computer in Oil & Gas Market, 2019 - 2022, USD Million
TABLE 2 North America Flow Computer in Oil & Gas Market, 2023 - 2029, USD Million
TABLE 3 North America Flow Computer in Oil & Gas Market by Operation, 2019 - 2022, USD Million
TABLE 4 North America Flow Computer in Oil & Gas Market by Operation, 2023 - 2029, USD Million
TABLE 5 North America Midstream & Downstream Market by Country, 2019 - 2022, USD Million
TABLE 6 North America Midstream & Downstream Market by Country, 2023 - 2029, USD Million
TABLE 7 North America Upstream Market by Country, 2019 - 2022, USD Million
TABLE 8 North America Upstream Market by Country, 2023 - 2029, USD Million
TABLE 9 North America Flow Computer in Oil & Gas Market by Component, 2019 - 2022, USD Million
TABLE 10 North America Flow Computer in Oil & Gas Market by Component, 2023 - 2029, USD Million
TABLE 11 North America Hardware Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Hardware Market by Country, 2023 - 2029, USD Million
TABLE 13 North America Software Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Software Market by Country, 2023 - 2029, USD Million
TABLE 15 North America Support Services Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Support Services Market by Country, 2023 - 2029, USD Million
TABLE 17 North America Flow Computer in Oil & Gas Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Flow Computer in Oil & Gas Market by Country, 2023 - 2029, USD Million
TABLE 19 US Flow Computer in Oil & Gas Market, 2019 - 2022, USD Million
TABLE 20 US Flow Computer in Oil & Gas Market, 2023 - 2029, USD Million
TABLE 21 US Flow Computer in Oil & Gas Market by Operation, 2019 - 2022, USD Million
TABLE 22 US Flow Computer in Oil & Gas Market by Operation, 2023 - 2029, USD Million
TABLE 23 US Flow Computer in Oil & Gas Market by Component, 2019 - 2022, USD Million
TABLE 24 US Flow Computer in Oil & Gas Market by Component, 2023 - 2029, USD Million
TABLE 25 Canada Flow Computer in Oil & Gas Market, 2019 - 2022, USD Million
TABLE 26 Canada Flow Computer in Oil & Gas Market, 2023 - 2029, USD Million
TABLE 27 Canada Flow Computer in Oil & Gas Market by Operation, 2019 - 2022, USD Million
TABLE 28 Canada Flow Computer in Oil & Gas Market by Operation, 2023 - 2029, USD Million
TABLE 29 Canada Flow Computer in Oil & Gas Market by Component, 2019 - 2022, USD Million
TABLE 30 Canada Flow Computer in Oil & Gas Market by Component, 2023 - 2029, USD Million
TABLE 31 Mexico Flow Computer in Oil & Gas Market, 2019 - 2022, USD Million
TABLE 32 Mexico Flow Computer in Oil & Gas Market, 2023 - 2029, USD Million
TABLE 33 Mexico Flow Computer in Oil & Gas Market by Operation, 2019 - 2022, USD Million
TABLE 34 Mexico Flow Computer in Oil & Gas Market by Operation, 2023 - 2029, USD Million
TABLE 35 Mexico Flow Computer in Oil & Gas Market by Component, 2019 - 2022, USD Million
TABLE 36 Mexico Flow Computer in Oil & Gas Market by Component, 2023 - 2029, USD Million
TABLE 37 Rest of North America Flow Computer in Oil & Gas Market, 2019 - 2022, USD Million
TABLE 38 Rest of North America Flow Computer in Oil & Gas Market, 2023 - 2029, USD Million
TABLE 39 Rest of North America Flow Computer in Oil & Gas Market by Operation, 2019 - 2022, USD Million
TABLE 40 Rest of North America Flow Computer in Oil & Gas Market by Operation, 2023 - 2029, USD Million
TABLE 41 Rest of North America Flow Computer in Oil & Gas Market by Component, 2019 - 2022, USD Million
TABLE 42 Rest of North America Flow Computer in Oil & Gas Market by Component, 2023 - 2029, USD Million
TABLE 43 Key Information – Emerson Electric Co.
TABLE 44 Key Information – Honeywell International, Inc.
TABLE 45 Key Information – ABB Ltd.
TABLE 46 Key Information – Thermo Fisher Scientific, Inc.
TABLE 47 Key information – Schneider Electric SE
TABLE 48 Key Information – TechnipFMC plc
TABLE 49 Key Information – Sick AG
TABLE 50 Key Information – Badger Meter, Inc.
TABLE 51 Key Information – Hoffer Flow Controls, Inc.
TABLE 52 Key information – Spirax Sarco Limited
List of Figures
FIG 1 Methodology for the research
FIG 2 Market Share Analysis, 2022
FIG 3 Recent strategies and developments: Emerson Electric Co.
FIG 4 Swot analysis: Honeywell international, inc.
FIG 5 SWOT Analysis: ABB Ltd.
FIG 6 Swot analysis: thermo fisher scientific, inc.
FIG 7 Swot analysis: Schneider Electric SE
FIG 8 SWOT Analysis: Sick AG