Mass Flow Controller Market Global Industry Outlook, Analysis, Size, Share, Growth, Trends and Forecast

Mass Flow Controller Market is expected to reach USD 2.40 billion growing at a substantial CAGR of 8.13% in the forecast period of 2020-2029. The growth of this market is attributed to rising demand for mass flow controllers in semiconductors industry.

Few of the major competitors currently working in global mass flow controller market are Bronkhorst, Christian Burkert GmbH & Co. KG, Brooks Instrument, MKS Instruments, Sierra Instruments, Inc., HORIBA, Ltd., Sensirion AG Switzerland, Teledyne Hastings Instruments, Alicat Scientific, PARKER HANNIFIN CORP, Vögtlin Instruments GmbH Switzerland, Azbil Corporation, FCTechnik AG, Dwyer Instruments, Inc. and Kelly Pneumatics, Inc. among others.

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Mass Flow Controller Market competitive landscape provides details by competitors. Details included are company overview which includes Company focus, business segment, product categories, revenue generated, and global presence. Mass Flow Controller Market report also provides information on recent financials and R&D expenditures over the years from 2020 to 2029.

Market Definition:

A mass flow controller automatically regulates the flow of a gas at a fixed flow rate as an electrical signal without being affected by environmental conditions or gas changes. Main applications include petrochemical and chemical pilot plants for gas and liquids, semiconductor and LED production tools, thin film deposition systems and biopharmaceutical bioreactors. Massive investments in the water and wastewater treatment sector and increased use of the mass flow controller in constant level estimation to support wastewater in feed stations and coagulation reservoirs. In the semiconductor industry, the mass flow controller is often used to detect, measure and control gases in the assembly of semiconductor articles.

Mass flow controller market has been segmented on the basis of product, material type, sensor type, media type, flow rate, connectivity technology, application and end-use industry.

On the basis of product, mass flow controller market is segmented into differential pressure flow meter, thermal mass flow meter and coriolis mass flow meter.

On the basis of material type, mass flow controller market is segmented into stainless steel, exotic alloys and others.

On the basis of sensor type, mass flow controller market is segmented into pressure sensor and thermal sensor.

On the basis of media type, mass flow controller market is segmented into gas mass flow controller, liquid mass flow controller and others.

On the basis of flow rate, mass flow controller market is segmented into low flow rate, medium flow rate and high flow rate.

On the basis of connectivity technology, mass flow controller market is segmented into analog, Profibus, Rs-485, Profinet, Ethercat, Ethernet/IP, Modbus RTU, Modbus TCPIP, device net and foundation Fieldbus.On the basis of application, mass flow controller market is segmented into CVD, PVD, catalyst research, gas chromatography, spray and coating processes, fluid and gas processing and control, fuel cell, solar cell, heat treating and others.

Based on the end-use industry, mass flow controller market is segmented into semiconductor, oil & gas, chemicals, pharmaceuticals, metals & mining, water & wastewater treatment, food & beverages, nuclear power facility, pulp and paper processing. Pharmaceutical industry is expected to grow at higher CAGR in the forecasted period.

Country Level Analysis of Mass Flow Controller Market

On the basis of region, mass flow controller market is segmented into North America and South America, Asia Pacific, Europe and Middle East and Africa. Countries covered under North and South America region are Canada, Mexico, Brazil, Rest of Americas, along with Germany, France, United Kingdom, Italy, Spain, Rest of Europe covered under Europe region and Japan, China, India, Australia, Rest of Asia-Pacific covered under Asia-Pacific region. Asia-Pacific region is expected to grow at the highest CAGR in the forecasted period.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands impact of sales channels are considered while provided forecast analysis of the country data.

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Market Drivers:

o Rising demand for mass flow controllers in semiconductors industry drives the market growth.
o Increasing demand for intelligent flow meters in chemicals and water & wastewater industries driving the market growth

o Growing demand for mass flow controllers in fuel cells for renewable energy applications is expected to drive the market growth in the forecasted period.

Market Restraints:

o High cost of initial setup hindering the market growth.
o Variations in differential pressure create offset in flow measurement hampering the market growth.

Key Developments in the Market:

o In February 2019, MKS Instruments Inc, global provider of technologies that enable advanced processes and improve productivity has acquired Electro Scientific Industries, Inc., an innovator in laser-based manufacturing solutions for the micro-machining industry. This acquisition is expected to grow market share and size of the company.

o In September 2018, Bronkhorst has launched the IN-FLOW series of mass flow meters and controllers featuring a rugged, IP65-rated dust-proof and waterproof design. The IN-FLOW series flow meters come with optional ATEX approval for use in Category 3, Zone 2 hazardous areas and are now offered with FM approval for Class I, Division 2 to meet the needs of the North American market. This launch has been expanded the product portfolio of the company.

Competitive Analysis and Mass Flow Controller Market Share Analysis:

Global mass flow controller market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Mass Flow Controller Market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa. Asia-Pacific is expected to account for largest market size during forecast period.

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Key Insights in the report:

o Complete and distinct analysis of the market drivers and restraints
o Key market players involved in this industry
o Detailed analysis of the market segmentation
o Competitive analysis of the key players involved

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This release was published on openPR.