FLOW COMPUTERS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Flow Computers Market, By Component (Hardware, Software, Services), By Product Type (Wired, Wireless, Plug & Play, Others), By Connectivity (HART, Foundation Fieldbus, Profibus, Modbus, Ethernet, Others), By End-use Industry (Oil & Gas, Energy & Power, Water & Wastewater, Food & Beverage, Chemicals, Metals & Mining, Others), By Application (Fiscal Metering, Liquid & Gas Measurement, Wellhead Measurement & Optimization, Pipeline Transmission & Distribution, Process Control & Monitoring, Others), By Geography (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

North America is expected to be the second largest market for flow computers during the forecast period, accounting for over 25% of the market share in 2023. The growth of the market in North America is attributed to the rapidly expanding oil & gas industry and increasing upstream activities in the region.
Asia Pacific is expected to be the largest market for flow computers, accounting for over 35% of the market share in 2023. The growth of the market in is attributed to rapid industrialization and high demand from industries such as chemicals, energy & power, and oil & gas in the region.
The Middle East & Africa is expected to be the fastest-growing market for flow computers, growing with a CAGR of over 5% during the forecast period. The growth of the market in the Middle East & Africa is attributed to increasing upstream projects and growing investments in the oil & gas industry in the region.