Press release
Mass Flow Controllers Market to Expand at a Healthy Growth Rate of 7.6% by 2025 - Parker Hannifin Corporation, Axertis AG, Aalborg instruments & Controls, Inc., Alicat Scientific, Inc., Christian Burkert GmbH & Co. KG
According to a new market research study titled ‘Mass Flow Controllers Market to 2025 – Global Analysis and Forecasts by Flow Rates, Sensors, Applications, and Process”, the global mass flow controllers market was valued at US$ 891.9 Mn in 2017 and is estimated to reach US$ 1,588.0 Mn by 2025. The report highlights the trends prevalent in the global mass flow controllers market and the factors driving the market along with those that act as deterrents to its growth.Significant Rise in Adoption of Mass Flow Controllers in Semiconductor Manufacturing is leading the Market for Mass Flow Controllers to soar over the Forecast Period.
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The mass flow controller market is witnessing various technological changes that depends upon the client or customer requirements. The manufacturers are constantly focusing on the designing and developing advanced technology products, which meets the customer demand. The market participants are experiencing a huge demand for ease of use technology in mass flow controllers, which will enable the system to be unaffected or able to auto correct the gas flowing through the system.
The top 10 players operating in the market for mass flow controllers includes Brooks Instruments, Horiba Stec Co. Ltd., MKS Instruments, Hitachi Metals Inc., Bronkhorst, Parker Hannifin Corporation, Axertis AG, Aalborg instruments & Controls, Inc., Alicat Scientific, Inc., Christian Burkert GmbH & Co. KG. Apart fdrom these industry leaders, various other companies are researching on different technologies to improve the performances of mass flow controllers, and provide the clients with most advanced gas or liquid flow controllers.
In addition, the ease of use technology will assist in auto correction or changing pressure and temperature of the gas or liquid flowing. The manufacturers are also concentrating on development of mass flow controllers that will be unaffected by day-to-day usage, i.e. resistant to humidity, pressure loss, and insensitivity. Moreover, the manufacturers are also aiming at increasing the measurement ranges as demanded by the customers. These factors on technological advancements is foreseen to drive the market for mass flow controllers to a huge extent in the coming years.
The mass flow controllers market is well matured in Asia Pacific region, especially in countries such as Taiwan, South Korea, China, and Japan among others. This is attributed to the presence of market leading semiconductor manufacturers such as Samsung (Korea), Taiwan Semiconductor Manufacturing Company Limited (TSMC) (Taiwan), Toshiba (Japan), MediaTek (Taiwan), Sony (Japan) and UMC (Taiwan) among others. Apart from the listed countries, China market showcases significant developments in the field of semiconductors year on year. In addition, the companies operating as semiconductor manufacturers in these countries are continuously expanding their production units and facilities, in order to increase the semiconductor production, which is posing a huge opportunity for mass flow controller market to surge.
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On the other hand, North America region is also experiencing a huge growth in demand for mass flow controllers. North America has a matured semiconductor production market and is counted to be one of the prime regions to contribute advanced semiconductor products worldwide. The US and Canada are considered to be key regions to manufacture robust technologies in the field of semiconductor components and equipment in North America region in 2017 pertaining to rapid increase in semiconductor production, the demand for controlling of gas or liquid flow is also growing in the region, leading the mass flow controller manufacturers to increase their sales, thereby propelling the market for mass flow controllers in the region.
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