The global mass flow controller market is expected to grow at a fast pace owing to their increasing usage in several industries, such as medical and semiconductor. Fortune Business Insights published this information in an upcoming report, titled, “Mass Flow Controller Market Size, Share and Global Trend by Media Type (Gas, Liquid), By Flow Rate (Low, Medium, High) By Material (Stainless Steel, Alloys, Others), By Technology (Analog, Profibus, Ethernet), By Application (Catalyst Research, Gas Chromatography, Spray & Coating Processes), By End-User (Chemicals, Semiconductors, Pharmaceuticals) and Geography Forecast till 2026.” The report further mentions that at present, the medical sector is considered to be one of the fastest-growing sectors. Mass flow controllers are applied in various medical procedures, namely, ventilation devices. Moreover, the speedy development of industrial electronic products will also contribute to the mass flow controller market growth during the forecast period.
The report is prepared on the bases of elaborate market analysis with accurate inputs from renowned industry participants. It offers detailed coverage of mass flow controller market trends, growth drivers, obstacles, segments, and other challenges.
Fortune Business Insights lists out some of the reputed companies operating in the mass flow controller market. They are as follows:
- Burkert Fluid Control Systems
- Bronkhorst High-Tech
- Teledyne Hastings Instruments
- Brooks Instrument
- MKS Instruments
- Alicat Scientific
- Sierra Instruments
Key Market Driver – Increasing use of mass flow controller for medical industry.
Key Market Restraint – High initial and maintenance cost
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North America to Dominate Owing to Increasing Usage of Mass Flow Controllers in the Healthcare Sector
The mass flow controller market is geographically categorized into Asia Pacific, North America, the Middle East and Africa, Latin America, and Europe. Out of these regions, North America is projected to lead the market in the coming years. The growth is attributable to a rise in the usage of mass flow controllers in the healthcare and medical industries. Also, increasing technological development would contribute to growth.
Asia Pacific, on the other hand, will showcase significant growth owing to the presence of numerous emerging countries, such as China and Japan. They are the largest manufacturers of medical equipment and semiconductors. Besides, China is a major manufacturer of electronic devices, namely, laptops, smartphones, cameras, and more. Semiconductors are extensively used in all these devices. It would aid in boosting the mass flow controller market size in this region. In the Middle East and Africa, the market is anticipated to showcase a steady growth. It is likely to occur because of the presence and profitable expansion of the oil and gas industry in this region. The European Medical Agency located in Europe is persistently bringing in innovative technologies in the medical industry. It will lead to the development of the pharmaceutical industry that would, in turn, affect the market positively.
- By Media Type
- By Flow Rate
- By Material
- Stainless Steel
- By Technology
- Modbus RTU
- Modbus TCP/IP
- Foundation Fieldbus
- By Application
- Catalyst Research
- Gas Chromatography
- Spray & Coating Processes
- Fuel Cell
- Solar Cell
- Fluid and Gas Processing & Control
- Heat Tracing
- By End-User
- Oil & Gas
- Metal & Mining
- Water & Wastewater
- Food & Beverage
- By Geography
- North America (USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, and Rest of Latin America)
- Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)
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Companies Focus on Strengthening Position by Launching New Products and Acquiring Other Companies
The market is led by several international organizations owing to the high investments in acquisition and merger activities, research and development, patents, and high brand value. The industry is set to exhibit high competition as the players are aiming to increase the mass flow controller market share by signing contracts and launching new products. Below are two of the most recent industry developments:
- February 2019: MKS Instruments, Inc., a provider of instruments, subsystems, and process control solutions, headquartered in the U.S., declared that it has successfully completed the acquisition of all the outstanding and issued common shares of Electro Scientific Industries, Inc. (ESI) for approximately USD 1 Billion. ESI is a high technology company based in the U.S. MSK funded the transaction with a blend of proceeds from a 7-year USD 650 Million secured term loan and available cash on hand. The term loan was rated BB+ by Ba1 and S&P. The officials of MKS declared that they will be able to widen their position in the market by expanding their solutions for advanced market and Surround the WorkpieceSM offerings.
- January 2019: Brooks Instrument, a manufacturer of flow control and measurement equipment based in the U.S., announced that it has added the EtherNet/IP digital communications interface to its most popular SLA5800 series mass flow controller (MFC) range of products. The SLA5800 Series is ideal for applications in the thin film, life science, fuel cell, chemical/petrochemical research, analytical, laboratory, and other segments. It provides high repeatability, industry-leading zero stability, and high accuracy. It further offers a much better zero-drift specification as compared to the other products from the competitors.
Major Table of Content for Mass Flow Controller Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Mass Flow Controller Market Analysis, Insights and Forecast, 2014-2025
- North America Mass Flow Controller Market Analysis, Insights and Forecast, 2014- 2025
- Europe Mass Flow Controller Market Analysis, Insights and Forecast, 2014-2025
- Asia Pacific Mass Flow Controller Market Analysis, Insights and Forecast, 2014-2025
- The Middle East and Africa Mass Flow Controller Market Analysis, Insights and Forecast, 2014-2025
- Latin America Mass Flow Controller Market Analysis, Insights and Forecast, 2014-2025
- Competitive Landscape
- Company Profile
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