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Mass Flow Controller Market Growth Accelerates: Strategic Forecast Predicts $1.91 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Mass Flow Controller Industry Market Size Be by 2025?
In recent times, the market size of the mass flow controller has been experiencing a steady growth. It is projected to rise from $1.51 billion in 2024 to an approximate value of $1.56 billion in 2025, with a compound annual growth rate (CAGR) of 3.1%. The historic period growth is accredited to a multitude of factors including the advancement of the semiconductor industry, applications within the medical and pharmaceutical sectors, environmental monitoring activities, the dynamics of the energy sector, the chemical processing industry, and electronics manufacturing.
What's the Long-Term Growth Forecast for the Mass Flow Controller Market Size Through 2029?
The market for mass flow controllers is anticipated to witness robust expansion in the coming years. The market is projected to reach $1.91 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.2%. The predicted growth during the projected period is ascribed to factors such as clean energy movements, commitment to environmental sustainability, research and manufacture in the pharmaceutical sector, precision farming, demands within the automobile industry, and the requirements of smart cities and infrastructure. Significant trends anticipated during the forecast period encompass digital transformation, the implementation of industry 4.0, the development of micro and miniaturized MFCs, advancement in sensor technologies, customization and modular designs, as well as integration with PLCs and SCADA systems.
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What Are the Key Growth Drivers Fueling the Mass Flow Controller Market Expansion?
The growth of the mass flow controller market is anticipated to be fuelled by the increasing demand in the semiconductor industry. Semiconductors, pure elements that possess a conductivity level between non-conductors/insulators and conductors, increasingly require the use of mass flow controllers. These devices, which regulate the flow rate by quantifying the mass flow rate of fluids and gases, are essential for controlling and measuring the gases used in the fabrication of semiconductor chips. As per The Semiconductor Industry Association, an American trade association and lobbying group representing the U.S. semiconductor industry, global semiconductor industry sales amounted to $49.0 billion in July 2022, marking a 7.3% increase from the total of $45.7 billion in July 2021. Furthermore, the global semiconductor industry recorded sales of a staggering 1.15 trillion semiconductor chips in 2021. Consequently, the rising demand in semiconductor industries is a significant factor spurring the expansion of the mass flow controller market.
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What Are the Key Trends Driving Mass Flow Controller Market Growth?
Technological progress is becoming a major trend in the mass flow controller marketplace. Major market participants are focused on developing innovative technologies to maintain their market standing. For instance, Bronkhorst, a Dutch company specialising in the production and development of low-flow mass flow meters or controllers, introduced a completely new product line, the FLEXI-FLOW Compact, in April 2022. This latest FLEXI-FLOW Compact not only measures and manages gas flow and temperature, but it also measures and controls the downstream and upstream pressures in the process with this single, versatile device. This innovative piece of equipment adds flexibility to operations, conserves space, and contributes to weight reduction.
How Is the Mass Flow Controller Market Segmented?
The mass flow controller market covered in this report is segmented -
1) By Material: Stainless Steel, Exotic Alloys, Other Materials
2) By Media: Gas, Liquid, Other Media Types
3) By Flow Rate: Low Flow Rate, Medium Flow Rate, High Flow Rate
4) By Application: Catalyst Research, Gas Chromatography, Spray And Coating Processes, Fluid And Gas Processing And Control, Fuel cell, Solar Cell, Heat Treating
5) By End-User: Chemicals, Metals And Mining, Oil And Gas, Pharmaceuticals, Semiconductor, Other End-Users
Subsegments:
1) By Stainless Steel: 304 Stainless Steel, 316 Stainless Steel
2) By Exotic Alloys: Inconel, Hastelloy, Titanium
3) By Other Materials: Plastic Composites, Aluminum, Glass
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Which Companies Are Leading the Charge in Mass Flow Controller Market Innovation?
Major companies operating in the mass flow controller market include Bronkhorst High-Tech BV, Aalborg Instruments & Controls Inc., Alicat Scientific Inc., Azbil Corporation, Brooks Instrument LLC, Burkert Fluid Control Systems, Dwyer Instruments Inc., FCTechnik AG, Hitachi Metals Ltd., Horiba Ltd., Parker Hannifin Corporation, Sensirion AG, Teledyne Hastings Instruments, Tokyo Keiso Co. Ltd., Vögtlin Instruments GmbH, MKS Instruments Inc., Sierra Instruments Inc., JK Products & Services Inc., Emerson Electric Co., Flowserve Corporation, Baker Hughes Company, Metso Corporation, CIRCOR International Inc., IMI plc, Siemens AG, Honeywell International Inc.
Which Regions Are Leading the Global Mass Flow Controller Market in Revenue?
Europe was the largest region in the mass flow controller market in 2024. The regions covered in the mass flow controller market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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