Market Outlook
According to this report, the mass flow controller market size reached a value of USD 1.39 billion in 2023. Aided by the increasing demand for precision in fluid and gas flow control and the growing applications of mass flow controllers in various sectors, the market is projected to further grow at a CAGR of 5.2% between 2024 and 2032 to reach a value of USD 2.19 billion by 2032.Mass flow controllers are devices used to measure and control the flow of liquids and gases in various applications. They are essential in ensuring accurate and stable flow rates in processes across sectors such as semiconductor manufacturing, pharmaceuticals, chemicals, and food and beverages. The key benefits of mass flow controller include high precision, stability, and repeatability, making them indispensable for processes that require stringent flow control.
The increasing demand for precision in fluid and gas flow control is driving the mass flow controller market growth. With the growing awareness of the importance of accurate flow measurement and control in various industrial processes, there has been a significant shift towards using advanced mass flow controller, leading to a surge in demand. Additionally, the rising trend of automation in sectors has further contributed to the increasing popularity of mass flow controllers, as they offer reliable and efficient solutions for managing fluid and gas flows.
The expanding applications of mass flow controllers in various sectors also play a significant role in propelling the market. In the semiconductor sector, mass flow controllers are used to control the flow of gases during the manufacturing of semiconductor devices, ensuring high precision and consistency. In the pharmaceutical sector, mass flow controller is utilised to manage the flow of fluids in drug production processes, ensuring the accuracy and quality of pharmaceutical products. Moreover, the chemical industry uses mass flow controller to control the flow of reactive gases and liquids, enhancing the safety and efficiency of chemical processes.
Further, the growing focus on energy efficiency and environmental sustainability has led to an increased demand for mass flow controller, as they enable precise control of fluid and gas flows, reducing waste and energy consumption. With advancements in mass flow controller technology, modern controllers are designed to be more compact, reliable, and energy-efficient, making them more appealing to sectors. This trend is expected to boost the mass flow controller market expansion in the coming years, consequently driving up the mass flow controller market share.
The increasing trend of automation in sectors is a significant driver of the market. Automated systems require precise control of fluid and gas flows to ensure optimal performance and efficiency. Mass flow controller offer reliable and efficient solutions for managing flows in automated processes, making them an essential component of industrial automation systems.
The growing focus on energy efficiency and environmental sustainability is driving the demand for mass flow controllers. These controllers enable precise control of fluid and gas flows, reducing waste and energy consumption. The emphasis on reducing environmental impact and improving energy efficiency supports the growth of the market.
As per the mass flow controller market analysis, advancements in mass flow controller design and technology have greatly improved the performance and reliability of these devices. Modern mass flow controller is designed to be more compact, energy-efficient, and reliable, making them more appealing to sectors. These technological improvements have helped to overcome many of the challenges associated with traditional flow control methods and have positioned the industry for future growth.
Market Segmentation
The market can be divided based on type, flow rate, material, media type, end use, and region.Market Breakup by Type
- Differential Pressure Flow Meter
- Thermal Mass Flow Meter
- Coriolis Mass Flow Meter
Market Breakup by Flow Rate
- High Flow Rate
- Medium Flow Rate
- Low Flow Rate
Market Breakup by Material
- Exotic Alloys
- Stainless Steel
- Others
Market Breakup by Media Type
- Gas
- Liquid
- Vapour
Market Breakup by End Use
- Oil and Gas
- Pharmaceuticals
- Semiconductor
- Food and Beverages
- Metals and Mining
- Water and Wastewater Treatment
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Europe
Competitive landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global mass flow controller market. some of the major players explored in the report are as follows:- Hitachi, Ltd.
- Brooks Instrument
- MKS Instruments
- HORIBA, Ltd.
- Alicat Scientific, Inc.
- Christian Bürkert GmbH & Co. KG
- Bronkhorst High-Tech B.V.
- Teledyne Technologies Incorporated
- Sierra Instruments, Inc.
- Sensirion AG
- Others
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope4 Key Assumptions7 Opportunities and Challenges in the Market16 Key Trends and Developments in the Market
3 Report Description
5 Executive Summary
6 Market Snapshot
8 Global Mass Flow Controller Market Analysis
9 North America Mass Flow Controller Market Analysis
10 Europe Mass Flow Controller Market Analysis
11 Asia Pacific Mass Flow Controller Market Analysis
12 Latin America Mass Flow Controller Market Analysis
13 Middle East and Africa Mass Flow Controller Market Analysis
14 Market Dynamics
15 Competitive Landscape
List of Key Figures and Tables
Companies Mentioned
- Hitachi, Ltd.
- Brooks Instrument
- MKS Instruments
- HORIBA, Ltd.
- Alicat Scientific, Inc.
- Christian Bürkert GmbH & Co. KG
- Bronkhorst High-Tech B.V.
- Teledyne Technologies Incorporated
- Sierra Instruments, Inc.
- Sensirion AG
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 171 |
Published | June 2024 |
Forecast Period | 2024 - 2032 |
Estimated Market Value ( USD | $ 1.47 Billion |
Forecasted Market Value ( USD | $ 2.2 Billion |
Compound Annual Growth Rate | 5.2% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |