Stream computers market size forecast will reach $ 1.3 billion by …
(MENAFN – GetNews) Need for accurate measurement of the products driving the growth of the stream computers market.
the Stream Computers Market is expected to reach $ 1.3 billion by 2026, with a CAGR of 5.1% from 2021 to 2026. A flow computer is an electronic device used to calculate and record the flow of natural gas and hydrocarbons in the air. Using algorithms that go through analog and digital signals received from pressure transmitters, temperature transmitters, flow meters, gas composition sensors, sampling systems and other devices.
Flow meters are also used for data logging, communication, remote measurement, alarm and control functions that flow meters cannot do without a flow computer. Flow measurement sensors on flow computers have mathematical expressions that describe how they interpret the input signals to flow measurement outputs readable through single-stream and multi-stream computers. The advantage of flow computers is that flow data can be measured, recorded and stored remotely and the calculation is flexible to use as needed.
Streaming Computers Market Segment Analysis – By Type
There are two types of flow computers: they are single-flow and multi-flow computers. Single stream computers are connected to a single counter stream (meter), so a metering station with three meter streams would require three single stream computers. In the case of a multi-flow flow computer, it receives the outputs of all the flow meters. The advantage of multi-flow flow meters over single-flow meters is that multiple flows have additional communication capabilities as well as more memory and computing power to implement advanced features that are not available in systems. once-through devices. Multi-flow flowmeters are expected to grow at the fastest rate of 7.5% through 2026.
Streaming Computers Market Segment Analysis – By Applications
Flow computers are widely used in industries that rely on the transport of large quantities of liquids and gases. In particular, the oil and gas industries as well as petrochemical manufacturers use flow computers to get accurate measurements of the products flowing through their pipelines. The oil and gas industry is the largest market with a share of 26% in 2020. Flow computers analyze data and generate reports for commodities such as crude oil, refined petroleum, natural gas, l ethylene, nitrogen and other products. Operators also use flow computers to track natural disasters and the potential damage they cause.
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Stream Computers Market Segment Analysis – By Geography
North America is expected to grow at the highest CAGR of 7.2% during the forecast period 2021-2026. The growth of this region can be attributed to the strong adoption of debit computer technology and the presence of a large number of debit computer manufacturers. The United States is a major manufacturing center and supplier of computer electronics products such as Emerson Electric Co., Schlumberger Ltd, and Honeywell International Inc.
Drivers of the stream computer market
Need for precise product measurement
One of the factors driving the flow computer market is the need for accuracy in the oil and gas and petrochemical products in the oil and gas industries. Flow computers deliver accurate and consistent results using sophisticated programming, damage-resistant hardware components, and a graphical user interface to display readings. Advanced technology allows flow computers to perform calculations, provide linearization adjustments and further reduce the temperature error by zeroing the error. Flow computers can provide a reading accuracy of +/- 0.1 percent.
Adopting advanced flow calculation technology
As the adoption of technology increases, more choices are available in the stream computers market. Oil and gas, chemicals, water and wastewater industries are widely adopting process automation, resulting in lower labor costs and lower fuel prices. These industries have introduced state-of-the-art products, such as scanner model flow computers that provide processing power and support gas chromatograph for flow measurement. Adoption of technology products in industries that drive market growth.
Stream Computers Market Landscape
Product launches, acquisitions and R&D activities are key strategies adopted by players in the flow calculator market. The flow computer market is dominated by large companies such as ABB Ltd, Honeywell International Inc., Schneider Electric SE, Yokogawa Electric Corporation, Emersion Electric Co., Rockwell Automation, OMNI Flow Computers Inc., Dynamic Flow Computers, KROHNE Messtechnik GmbH, Schlumberger Ltd. .
Acquisitions / Technology launches / Partnerships
In June 2020, KROHNE Messtechnik GmbH launched the FLEXMAG 4050 C, an electromagnetic flowmeter with biocompatible disposable flow tube for biopharmaceutical applications that include filtration processes and chromatography. The electromagnetic flowmeter provides stable, direct and precise volumetric flow measurements to meet biopharmaceutical requirements.
In February 2019, Prosoft Technology Inc. released its chassis-integrated flow computer for compact Logix systems from Rockwell Automation. This flow calculator provides precision automatic lease custody transfer solutions for oil and gas companies, reducing maintenance costs.
Key points to remember
The demand for throughput computers is increasing due to the need for precise measurements of crude oil and expensive petrochemicals.
Flow meters are also used for data logging, communication, remote measurement, alarm and control functions that flow meters cannot do without a flow computer.
Commonly used flowmeters with flow computers are turbine, vortex, and orifice.
North America is one of the fastest growing markets for debit computing due to the high adoption of debit computing technology as well as the presence of a large number of oil and gas companies like Exxonmobil Corp., Chevron Corp., Abraxas Petroleum Corp.
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