The Flow Computer Oil Gas Market is expected to grow at a CAGR of 4.83% during the forecast period. The growth can be attrributed to the growing need for reliable flow and high-tech computing systems and the continually evolving data computational capacity of flow computers.
- Over the past decade, the shale boom and changing oil and gas markets have driven the growth of oil and gas production, much of which has been enabled by advancement in communications and computing technology. The modern shale production well pad designs require for 8 to 24 wells, each of which may produce oil and natural gas. The economics of the modern oil and gas field requires concentration of measurement controls in a single location.

- This has led to the development of powerful platforms that can handle all such functions at a centralized location. Bedrock Automation and Flow-Cal collaborated to produce automation and flow measurement platform that can meet the measurement needs of oil and gas fields.

- Further, consolidation of measurement, well controls and facility controls in a single platform, has also led to new communication requirements. Legacy communication architectures are not well prepared to handle emerging dynamic data models. These new data flow models have facilitated the need for open protocols like the Open Platform Communications Unified Architecture and Message Queuing Telemetry Transport. The emergence of Messaging queuing telemetry transport’s role as an Internet of Things (IoT) message transport has also been enabling the expansion of the market studied.

- Moreover, the oil & gas industry is suffering from a skilled labor shortage. The shallow talent pool has made it complicated for oil & gas companies to hire new employees with the technical skills required to work on new technologies. However, stress with the oil prices declining over 2020, in the wake of COVID-19 & price war between Saudi Arabi and Russia, is expected to drive the oil producing companies to improve their production efficiency and is expected to dive the demand in the sector.

Key Market Trends

Evolving Data Computational Capacity of Flow Computers

- The development of single, rugged platform equipped with consolidated measurement and controls, edge computing, advanced connectivity and intrinsic cyber security by many players for the oil and gas industry has led to the expansion of flow computer processing capabilities.
- Many players like Quorum are already offering integrated solutions for core processing demands across the upstream, midstream and downstream segments of the value chain. Quorum offers its software platform to more than 75% of the top oil and gas producers in the United States.

- Further product improvements in new and traditional technology flowmeters are also contributing to the data capturing ability of such systems. Vortex and turbine suppliers have now started offering flowmeters with two sensors and simultaneously calibrated dual flowmeter. FCI expanded its Adaptive Sensor Technology (AST) to offer ST80 Series Thermal Mass Flow Meter that has enhanced the rangeability, accuracy, extended service life, and reliability for process industry air/gas flow measurement.

- The introduction of these sensors have led to the possibility to create new internal and external applications for flow computeres. For instance, predictive maintenance along with virtual- and augmented-reality capabilities has the potential to enable remote maintenance and technical support thereby reducing flow measurement costs in day to day operations.

North America to Hold the Largest Market Share

For sample report please visit: https://www.statzyreports.com/report/sr497490/flow-computer-oil-gas-market


- The region has been continually increasing Oil Production since the commercial exploration of Shale Oil has gained prominenec in the past decade. In 2019, US exports of crude, as well as liquefied natural gas (LNG) and refined products, continue to rise, which aligned perfectly with the new administrationâ motto of “energy dominance for the United States.

- In September 2019 the country exported 140,000 bpd more crude oil and petroleum products than imported. According to the Energy Information Agency the total crude oil and petroleum net exports is expected to rise up to an average 750,000 bpd in 2020 as compared with the net imports of 520,000 bpd in 2019.
- The region already has a favourable ecosystem where SCADA is widely applied in the upstream, midstream, and downstream oil and gas sectors . In the upstream sector, its role often is stereotyped as being largely in support of remote data transmission. However, due to the wide and varied use of SCADA in other industrial sectors, this is expected to change. Baker Hughes for instancen uses InForce surface control system which combines the hydraulic power to activate downhole tools and the control logic to govern an intelligent well system. PLC controls system functions for more complex completion configurations. It is primarily used where remote operations must be done through existing SCADA.

- Due to the growwing demand for Flow Computer Solutions in the region, there have been a number of mergers and acquisitions in the recent past. In Feb 2019, Quorum Software, a Thoma Bravo company, acquired Houston-based Coastal Flow Measurement, Inc., a energy measurement services and software companies, along with its information services and technologies subsidiary, Flow-Cal, Inc.

Competitive Landscape

The competitive landscape for the Flow Computer in Oil and Gas Market is moderately consolidated with few players dominating the market. Some of the recent developments of the market are as follows :-

- Feb 2020 - Bedrock Automation, has introduced full integration of its flow computer functionality into the existing OSA platform. The new OSA + Flow family integrates industry-leading Flow-Cal measurement applications with the high performance, security, and simplicity of the Bedrock Automation platform.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

For sample report please visit: https://www.statzyreports.com/report/sr497490/flow-computer-oil-gas-market