USD 0.95 billion
Report ID:
SQMIG45J2048 |
Region:
Global |
Published Date: October, 2024
Pages:
157
|Tables:
116
|Figures:
76
Mass Flow Controller Market size was valued at USD 1.72 Billion in 2023 and is poised to grow from USD 1.96 Billion in 2024 to USD 5.61 Billion by 2032, growing at a CAGR of 14.03% during the forecast period (2025-2032).
The mass flow controller market growth is driven primarily by the increasing need for automation and globalization of businesses. Another factor contributing to the growth of more expansion of the market is growing investments in technical improvements. Mainly industrial automation in most industries keeps driving the market for mass flow controllers, which keeps growing constantly. Companies need greater process efficiency, accuracy, and dependability to let fully automated systems play an increasingly significant role. Mass flow controllers improve accuracy and reproducibility in any automation by exactly controlling gas flows. Adding mass flow controllers to automation operations optimizes production line efficiency in those industries where accuracy is most important, such as biotechnology, pharmaceutical manufacturing, and semiconductor manufacturing. It lowers the probability of human error and maximizes process repeatability. This trend is anticipated to continue as companies increasingly adapt Industry 4.0 concepts and smart manufacturing; it will facilitate the growth of the mass flow controller industry. Globalization has been progressing steadily. More cross-border standardization and harmonization were a result of the globalization process. Maintaining consistent and reliable production procedures is one of the challenges that companies face as they expand their international operations. Mass flow controllers provide uniformity in plants globally by guaranteeing a uniform means of regulating gas flow.
US Mass Flow Controller Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 0.95 billion
Largest Segment
Low Flow Rate
Fastest Growth
Low Flow Rate
Growth Rate
5% CAGR
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Global Mass Flow Controller Market is segmented by Material Type, Flow Rate, Media Type, End-User Industry, and Region. Based on Material Type, the market is segmented into Stainless Steel, Exotic Alloys, Others. Based on Flow Rate, the market is segmented into Low, Medium, High. Based on Media Type, the market is segmented into Gas Mass Flow Controllers, Liquid Mass Flow Controllers, Others. Based on End-User Industry, the market is segmented into Semiconductor, Oil & Gas, Chemical, Pharmaceutical, Metal & Mining, Water & Wastewater, Food & Beverage. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Type
As per the mass flow controller market forecast, in 2023, the market was dominated by the thermal mass flow controller (MFC) segment, with a share of 37.7%. Thermal MFCs are indispensable for companies with high-precision requirements because of their ability to provide precise and reliable measurements of gas flow. The fabrication of semiconductors, research institutes, and industries such as chemical processing, biotechnology, and pharmaceuticals are major consumers of the segment. One of the major advantages of thermal MFCs is that they are versatile enough to be applied in many applications because they accommodate wide ranges of gases and flow rates. And because of their reliable performance, their capability of monitoring low flow rates in challenging situations, they have long remained widely used and continue to ensure market leadership.
However, the Coriolis mass flow controller segment is expected to capture the highest CAGR over the forecast period. As they measure the mass directly, which is a crucial necessity in many applications, Coriolis MFCs are fast becoming very fashionable. This provides an extreme advantage in industries such as the oil and gas industry, where precise measurement of mass is considered to be highly critical. Coriolis MFCs have exceptional accuracy for the application of fuel metering, mixing, and custody transfer. The category is recording rapid growth due to the increasing demand for precise flow control in such and other businesses. Technological advancement will lead to higher adoption of Coriolis MFCs, thereby increasing the mass flow controller market share.
Analysis By Flow Rate
Based on the mass flow controller market analysis, the low flow segment was the market leader and accounted for the largest revenue share in 2023. This is due to increased usage of spectroscopy and gas chromatography. GC and spectroscopy are highly essential analytical methods in the fields of science such as chemistry, biology, environmental science, and materials science. These methods are used to identify chemicals, characterize chemical characteristics, and analyze molecules in complicated mixtures qualitatively and quantitatively. Low flow MFCs provide precise gas flow control, calibration and standardization, sample introduction and dilution, and compatibility with analytical equipment support a wide range of analytical methods.
Contrarily, during the projection period, the high flow category is expected to register significant growth in CAGR. This MFC regulates the flow of gases pumped into the blast furnace to create an ideal condition for burning and temperature control, especially where oxygen, natural gas, and pulverized coal are supplied. These include carbon monoxide (CO), carbon dioxide (CO2), nitrogen (N2), and hydrogen (H2), which are injected into the steel melt to alloy, decarburize, and desulfurize. It is used to regulate protective atmospheres such as nitrogen, hydrogen, and argon to stop oxidation, while regulating the cooling speed of steel products in annealing and heat treatment.
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As a result of this, with the high-tech sectors such as semiconductor manufacturing, biotechnology, aerospace, and research laboratories, North America accounted for 21.8% in 2023. Mass flow controllers help manage gas flow accurately in these industries so as to keep their processes precise, reliable, and efficient. The demand for mass flow controllers is expected to increase in North America due to the integration of technological advancements such as automation, artificial intelligence, and precision manufacturing into products. This rise in demand for advanced MFC solutions based on the increasing application complexity in semiconductor manufacturing and the biotech research that requires high quality and performance preservation is supporting the dominance of the region's market.
Contrarily, Asia-Pacific is expected to gain the fastest CAGR over the forecast period for a few very significant reasons. The drugs, medical devices, and health care products requirement in an Asia Pacific country's population is increasing along with its enlargement. In medical applications, where proper gas flow control is critically important for the safety and efficiency of patient treatment in anesthetic administration systems, respiratory therapy equipment, and laboratory analysis, MFCs are essential. Rapid industrialization, technological breakthroughs, and investment in the healthcare infrastructure, particularly in the region, have further spurred the ever-growing demand for MFCs. This trend is expected to sweep Asia Pacific with strong market expansion.
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Mass Flow Controller Market Drivers
More Demand for High Precision in Industrial Applications
Growing Healthcare Sector
Mass Flow Controller Market Restraints
High Upfront Cost
Problem in Maintenance and Calibration
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Intense rivalry might be reflected because multiple firms are leading the mass flow controller market through high R&D spending, patents, acquisition and merger activities, and brand value. The industry would surely be very competitive as competitors try to capture a greater market share of mass flow controllers by contract signing and product development.
Mass Flow Controller Market Top Players' Company Profiles
Mass Flow Controller Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the mass flow controller market outlook is changing day by day with rising necessity for accuracy in many fields, including health care, biotechnology, and pharmaceutical and semiconductor manufacturing. Therefore, the proper usage of accurate gas flow management system increases as industries continue embracing automation and new technologies. Increasing demand for MFC use in respiratory equipment and other medical devices due to the growing health care industry, especially in developing regions, continues to drive this further. They are predicted to be encumbered by a variety of expensive initial investment costs and the hassle to set and maintain. Amid all these hassles, opportunities of market potential are major based on the trend of integration with IoT, miniaturization, and enhanced accuracy. The market will grow and evolve further because it will have its application where accuracy is required.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 1.5 billion |
Market size value in 2031 | USD 4.92 billion |
Growth Rate | 14.03% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Mass Flow Controller Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Mass Flow Controller Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Mass Flow Controller Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Mass Flow Controller Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG45J2048
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