At the start of the year we at Process Engineering added the element of ‘flow’ to our coverage of the pumps and valves market.
In the March edition of the magazine we tackled flow technology head-on and looked at what the future holds for conventional flow computers.
Although there are metering devices capable of monitoring multiple variables, it is fair to say that within the oil and gas industry, traditional flow computers still play a major role.
March of technology
Indeed, even in the current climate of cripplingly low oil prices, research by Markets and Markets predicts that the global oil & gas flow computer market is predicted to grow at a compound average growth rate of 5.5% every year up to 2020, when it is expected to be valued at US$1.04 billion (£743m).
However, flow computers are by no means immune from the march of technology.