Global Mass Flow Controller Market: Snapshot
The global mass flow controller market is foretold to receive significant growth prospects birthing on the back of the escalating demand in the semiconductor industry riding on advancements in technology and innovation. Massive investments in the water and wastewater treatment industry and swelling usage of mass flow controller in the regular and continuous level measurement for wastewater lift stations and coagulant feed tanks could further increase the demand in the market. The snowballing demand for continuous emission monitoring system (CEM) is anticipated to positively influence market growth.
The global mass flow controller market is envisaged to grow at an 8.8% CAGR between 2017 and 2026. By the end of 2026, the market could collect a revenue of US$1.3 bn after progressing from a US$0.6 bn bagged in 2017.
Multivariable Design of Coriolis Mass Flow Meter Helps to Rank Ahead
The world mass flow controller market could be segmented as per five categories, viz. region, application, flow rate, material, and product. On the basis of a segmentation by product, the market could see a classification into three segments, i.e. coriolis mass flow meter, thermal mass flow meter, and differential pressure flow meter. Amongst these, since coriolis mass flow meter is a multivariable device by design, it could secure a major share in the coming years. Its growth could be attributed to its capability of indirectly measuring the temperature of containment tube and also liquid density and directly measuring the mass of the flowing gases, liquids, and fluids. By flow rate, the market could be segregated into high flow rate, medium flow rate, and low flow rate.
With regard to application, the world mass flow controller market is expected to be divided into nuclear power facility, pulp and paper processing, water and wastewater treatment, semiconductor, metals and mining, pharmaceuticals, oil and gas, and chemicals. Out of these applications, chemicals could exhibit a higher market growth in the near future. By type of material, there could be important segments such as exotic alloy and differential pressure flow meter stainless steel taking shape in the market. The properties of exotic alloy dealing with high corrosion capacity, high pressure, and critical temperature in different media could augment the growth of the segment in the near future.
Europe Grabs First Position while Riding on Stringent Environmental Regulations
The international mass flow controller market is foreseen to witness the lead expected to be secured by Europe on the back of tight government regulations associated with environmental conditions. Different types of mass flow controller are engaged for air pollution analyzer calibrators, which could gain a swelling importance owing to significant policies penned down to reduce the pollution. The application of mass flow controller and sensor in the lucrative automotive industry for curbing energy consumption of vehicles by close to a 3.0% could support market growth in Europe. Germany, France, and the U.K. could mainly encourage the demand for mass flow controller in the region prophesied to expand at an 8.6% CAGR.
The adoption of mass flow controller in North America is predicted to attain a substantial increase because of aggressive technological development and growing applications in the healthcare and medical industries. Asia Pacific Excluding Japan (APEJ) could be a faster-growing region of the market projected to rise at a CAGR of 9.6%. The major presence of oil and gas industries in the Middle East and Africa (MEA) is forecast to help the region to showcase a stable growth. The intensifying demand in the petroleum refining and chemical industries could aid South America to attract growth with the initiation of product improvements and the development of new products.
The worldwide mass flow controller market includes popular industry names such as Parker Hannifin Corporation, MKS Instruments, and Horiba Ltd.
This report on mass flow controller provides details study for the period from 2015 to 2026, wherein 2016 is the base year and the years from 2017 to 2026 are the forecast period. Data for 2015 has been incorporated as historical information. The report covers all the prevailing trends and technologies that are playing a major role in the growth of the mass flow controller market during the forecast period from 2017 to 2026. It also highlights the various opportunities, drivers and restraints that is expected to influence the market’s growth during the forecast period. The study provides a thorough perspective on market growth during the forecast period in terms of revenue estimates (in USD Mn) across different geographies, which include North America, Europe, Asia Pacific Excluding Japan (APEJ), Japan, Middle East & Africa (MEA), and South America (SA).
The mass flow controller refers to the closed loop that helps to control, set and measure the flow of a particular gas or liquid. Mass flow controller is one of the major requirements of different application owing to its high accuracy as it is expected to grow at high rate in next forecast period. Furthermore, it is designed in such a way so that it can control specific type of gas or liquid at a particular range of flow rates. Moreover, mass flow controller automatically controls the flow rate of a gas according to a set flow rate and sends an electric signal, without being affected by use conditions or changes in gas pressure which is fueling the enlargement during the forecast period.
Growing usage of mass flow controller in various applications along with strong economic growth in growing economies are contributing to the prospective growth opportunities of the global mass flow controller market. Mass flow controller is anticipated to increase its usage through end-user applications like oil and gas, chemicals, water and wastewater treatment and this is expected to lead to the increase in the growth of mass flow controller market in the upcoming years. However, the major challenge that mass flow controller markets is likely to face is its mounting position. If the mass flow controller is tilted, inlet or outlet raised or lowered, the sensor windings will find themselves in different strata, and their relative resistances will be different. This is likely to obstruct the anticipated growth of mass flow controller market.
This research report provides in-depth analysis of the mass flow controller market on the basis of product type, material type, flow rate and application. Based on application, the mass flow controller market is generally classified into chemicals, oil & gas, pharmaceuticals, metals & mining, semiconductor, water & wastewater treatment, pulp & pulp processing, nuclear power, facility and others. Geographically, Mass flow controller market is classified into North America, Europe, Asia Pacific excluding Japan, Japan, Middle East and Africa and South America
The market players in the global mass flow controller market have been competitively outlined across the five geographic regions. This competitive landscape is inclusive of the various business strategies accepted by these key players and their recent developments in the field of mass flow controller. Furthermore, the report contains details study of different applications and provides an understanding into various application areas of the mass flow controller. A detailed analysis of the various dynamics of the market of global mass flow controller market is provided in the report. Opportunities, restraints and market drivers are also covered in this report. Thus, the report of global mass flow controller offers a detailed report of the market and that includes the projection of the global mass flow controller market revenue-wise (USD Million) from the period of 2017 to 2026.
This report shows market attractiveness analysis for all the segments and for all the geographies in the scope of study which identifies and compares segments market attractiveness on the basis of CAGR and market share index.
The global Mass flow controller market is characterized by the presence of numerous major players in the market. The major players of the market compete their competition on the basis of factors such as price, performance, quality, support services and innovations of product. Major players in mass flow controller market are Horiba Ltd. (Japan), MKS Instruments (The U.S.), Parker Hannifin Corporation (The U.S.), Bronkhorst High-Tech B.V (Netherland), Brooks Instruments (The U.S.) among others.
The global Mass Flow Controller market has been segmented into:
Mass Flow Controller Market, by Product Type
- Differential Pressure Flow Meter
- Thermal Mass Flow Meter
- Coriolis Mass Flow Meter
Mass Flow Controller Market, by Material Type
- Differential Pressure Flow Meter Stainless Steel
- Exotic Alloys
Mass Flow Controller Market, by Flow Rate
- Low Flow Rate
- Medium Flow Rate
- High Flow Rate
Mass Flow Controller Market, by Application
- Oil & Gas
- Metals & Mining
- Water & Wastewater Treatment
- Pulp and Paper Processing
- Nuclear Power Facility
The market is broadly segmented on the basis of geography into:
- North America
- The U.S.
- Rest of North America
- Rest of Europe
- Asia Pacific Excluding Japan
- Rest of Asia Pacific excluding Japan
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- South America
- Rest of South America