The Latin America, Middle East and Africa Flow Computer in Oil & Gas Market should witness market growth of 7.2% CAGR during the forecast period (2023-2029).
The market is mainly driven by the rising use of flow computers in the oil and gas sector and the rise in energy consumption. In addition, the market is also being propelled by the expanding use of cutting-edge technologies like cloud computing and wireless networking in flow computers for oil & gas. The ability to remotely monitor and log data made possible by these technologies is anticipated to fuel the expansion of the flow computer market throughout the forecast period.
A typical orifice measuring application needs a temperature probe, static pressure transducer, and differential pressure transmitter. One or two wells per pad were the norm for conventional oil and gas production site designs. Modern production well pad designs feature multiple wells that can produce oil, natural gas, and water. Furthermore, an increasing number of sites have transitioned to conducting all operations at the production pad instead of the previous method of conducting facility and wellhead controls at different locations. Concentrating measurement and control in one place is necessary for modern oil and gas fields' economics.
Saudi Arabia, one of the world's leading net petroleum exporters, has approximately 17% of the world's confirmed oil reserves. Saudi Arabia contains one of the world's largest proven oil reserves. Saudi Aramco is one of the largest chemical and energy-integrated corporations. The vast reserves in the region will significantly increase the demand for flow computers to inspect, manage and transfer data in the oil and gas sector, which is expected to drive market growth in the region.
The Brazil market dominated the LAMEA Flow Computer in Oil & Gas Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $25.1 million by 2029. The Argentina market is estimated to grow a CAGR of 7.7% during (2023-2029). Additionally, The UAE market would showcase a CAGR of 6.9% during (2023-2029).
Based on Operation, the market is segmented into Midstream & Downstream and Upstream. Based on Component, the market is segmented into Hardware, Software and Support Services. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Emerson Electric Co., Honeywell International, Inc., ABB Ltd., Thermo Fisher Scientific, Inc., Schneider Electric SE, TechnipFMC plc, Sick AG, Badger Meter, Inc., Hoffer Flow Controls, Inc., and Spirax Sarco Limited.
The market is mainly driven by the rising use of flow computers in the oil and gas sector and the rise in energy consumption. In addition, the market is also being propelled by the expanding use of cutting-edge technologies like cloud computing and wireless networking in flow computers for oil & gas. The ability to remotely monitor and log data made possible by these technologies is anticipated to fuel the expansion of the flow computer market throughout the forecast period.
A typical orifice measuring application needs a temperature probe, static pressure transducer, and differential pressure transmitter. One or two wells per pad were the norm for conventional oil and gas production site designs. Modern production well pad designs feature multiple wells that can produce oil, natural gas, and water. Furthermore, an increasing number of sites have transitioned to conducting all operations at the production pad instead of the previous method of conducting facility and wellhead controls at different locations. Concentrating measurement and control in one place is necessary for modern oil and gas fields' economics.
Saudi Arabia, one of the world's leading net petroleum exporters, has approximately 17% of the world's confirmed oil reserves. Saudi Arabia contains one of the world's largest proven oil reserves. Saudi Aramco is one of the largest chemical and energy-integrated corporations. The vast reserves in the region will significantly increase the demand for flow computers to inspect, manage and transfer data in the oil and gas sector, which is expected to drive market growth in the region.
The Brazil market dominated the LAMEA Flow Computer in Oil & Gas Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $25.1 million by 2029. The Argentina market is estimated to grow a CAGR of 7.7% during (2023-2029). Additionally, The UAE market would showcase a CAGR of 6.9% during (2023-2029).
Based on Operation, the market is segmented into Midstream & Downstream and Upstream. Based on Component, the market is segmented into Hardware, Software and Support Services. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Emerson Electric Co., Honeywell International, Inc., ABB Ltd., Thermo Fisher Scientific, Inc., Schneider Electric SE, TechnipFMC plc, Sick AG, Badger Meter, Inc., Hoffer Flow Controls, Inc., and Spirax Sarco Limited.
Scope of the Study
By Operation
- Midstream & Downstream
- Upstream
By Component
- Hardware
- Software
- Support Services
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Emerson Electric Co.
- Honeywell International, Inc.
- ABB Ltd.
- Thermo Fisher Scientific, Inc.
- Schneider Electric SE
- TechnipFMC plc
- Sick AG
- Badger Meter, Inc.
- Hoffer Flow Controls, Inc.
- Spirax Sarco Limited
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis-Global
Chapter 4. LAMEA Flow Computer in Oil & Gas Market by Operation
Chapter 5. LAMEA Flow Computer in Oil & Gas Market by Component
Chapter 6. LAMEA Flow Computer in Oil & Gas Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- Emerson Electric Co.
- Honeywell International, Inc.
- ABB Ltd.
- Thermo Fisher Scientific, Inc.
- Schneider Electric SE
- TechnipFMC plc
- Sick AG
- Badger Meter, Inc.
- Hoffer Flow Controls, Inc.
- Spirax Sarco Limited
Methodology
LOADING...
