New ARC Advisory Group research on the Multiphase and Virtual Flow Metering Solutions market reveals that owner-operators and independents are increasingly relying on multiphase flow metering and virtual flow metering solutions for real-time measurements for production monitoring, field surveillance, and production optimization, among several other reasons. The benefits provided by multiphase flow metering solutions can be compelling, assuming that the product performance ensures more than sufficient accuracy, reliability, and repeatability, such that users not only save on the cost and space of production and test separators, but also enjoy more real-time flow measurements. This provides real-time visibility, greater operational agility, and the flexibility to adapt to changing flow regimes that many mature oil and gas wells exhibit.
"Virtual flow metering solutions are seen as a less expensive complement to multiphase flow metering solutions that ensure the validation of the MPFM and serve as a backup for an MPFM to ensure reliability and continuity in measurements. Virtual flow metering solutions are a useful tool for estimating real-time well flow rates, reducing the need for bulkier, and often more expensive test separators, and will likely become a viable replacement for multiphase flow metering solutions with advancements in AI and machine learning,” according to Tim Shea, Senior Analyst and key author of ARC's Multiphase and Virtual Flow Metering Solutions Market Research.
Multiphase and Virtual Flow Metering Solutions Market Trends
In addition to providing detailed competitive market share data, the research also addresses key market trends as follows:
- Demand from the Subsea Market will Outpace Other Project Locations
- Advancements in AI and Machine Learning Help VFMs Close Performance Gap
- Robust Outlook for Demand for Virtual Flow Metering Solutions
- Solid Outlook in Demand for Multiphase Flow Metering Hardware Solutions
Leading Suppliers to the Multiphase and Virtual Flow Metering Solutions Market Identified
In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: Emerson Automation Solutions, Haimo Technologies, Pietro Fiorentini, Schlumberger, Weatherford.
About the Multiphase and Virtual Flow Metering Solutions Research
The Multiphase and Virtual Flow Metering Solutions research explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, five-year market forecasts, and five years of historical analysis. The research segmentation includes Customer Type, World Region, Sales Channel, Revenue Category, Technology, Measurement Technology, Overall Scope, Project Location, Application-MPFM, Application-VFM, Measurement Configuration.
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