The Flow Computer Oil Gas Market size is estimated at USD 678.41 million in 2024, and is expected to reach USD 930.80 million by 2029, growing at a CAGR of 6.53% during the forecast period (2024-2029).
The overall function of a flow computer is to calculate and record the flow rate using industry-standard algorithms as natural gas and several hydrocarbons pass through a segmented section of the pipeline. These meters could be but are not limited to orifice meters, ultrasonic meters, linear meters, or Coriolis meters. A typical orifice measurement application requires a differential pressure transmitter, static pressure transducer, and temperature probe.
The competitive landscape for the Flow Computer in the Oil and Gas Market is moderately consolidated, with few players like ABB Ltd, Honeywell International Inc., Schneider Electric SE dominating the market. Some of the recent developments of the market are as follows:-
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