According to a new report, published by KBV research, The Global Flow Computers Market size is expected to reach $1.9 billion by 2031, rising at a market growth of 8.0% CAGR during the forecast period.
The expansion of the water and wastewater industry is increasingly driven by the urgent need for water conservation and efficient waste management amid global water scarcity. Flow measurement systems, particularly flow computers, are essential for monitoring water distribution and optimizing resource usage.
The Wired Flow Computers segment is experiencing a CAGR of 7.6 % during the forecast period. Electrical solutions have established reliability and robustness, leading to their domination, which may be ascribed to the extensive usage of these solutions in industries such as oil and gas, water treatment, and manufacturing.
The Oil & Gas segment led the maximum revenue in the Global Flow Computers Market by End Use in 2023, thereby, achieving a market value of $482.8 million by 2031. The critical need for precise flow measurement and management in extraction, transportation, and refining processes primarily drives the oil and gas segment. In order to optimize production efficiency and guarantee regulatory compliance, it is imperative to have precise flow data, given the growing complexity of oil and gas operations, which includes advanced technologies and techniques.
The Hardware segment is growing at a CAGR of 7.4 % during the forecast period. This is largely attributed to the essential role that physical flow computer devices play in measuring and managing flow in various industries, such as oil and gas, water treatment, and chemicals. The demand for advanced hardware solutions, which include multi-stream processing units and high-accuracy flow meters, has been driven by the need for improved efficiency and precision in flow measurement applications.
Full Report: https://www.kbvresearch.com/flow-computers-market/
The North America region dominated the Global Flow Computers Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $659.9 million by 2031. The Europe region is anticipated to grow at a CAGR of 7.8% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 8.5% during (2024 - 2031).
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