What is the global market size of Mass Flow Controller Market?

Mass Flow Controller Market size was valued at USD 0.95 billion in 2021 and is poised to grow from USD 1 billion in 2022 to USD 1.55 billion by 2030, growing at a CAGR of 5% in the forecast period (2023-2030).

Who are the key vendors in the Global Mass Flow Controller Market?

Several companies lead the Mass Flow Controller Market due to significant investments in acquisition and merger operations, research and development, patents, and strong brand value. The business is expected to be highly competitive, with competitors attempting to grow their Mass Flow Controller Market share of mass flow controllers by signing contracts and developing new products. 'Brooks Instrument', 'Burkert Fluid Control Systems ', 'Sierra Instruments', 'Bronkhorst High-Tech BV', 'Sierra Instruments Inc.', 'Alicat Scientific Inc.', 'Sensirion AG', 'Teledyne Hastings Instruments', 'Horiba Ltd.', 'Tokyo Keiso Co. Ltd.', 'Parker Hannifin Corporation', 'Vogtlin Instruments GmbH', 'Azbil Corporation', 'Omron Corporation', 'Fujikin Incorporated', 'Keyence Corporation', 'Yokogawa Electric Corporation', 'Aalborg Instruments & Controls, Inc.', 'Omega Engineering, Inc.'

What is the key driver of Global Mass Flow Controller Market?

With the rapid spread of the coronavirus, the healthcare and pharmaceutical sectors are poised to deal with one of the world's most rapidly growing health catastrophes. The manufacture of all important medical equipment necessary to cure COVID-19 patients is increasing. Mass flow controllers are critical in the quality control of various types of medical equipment, and numerous significant industry companies have seized the chance to combat the lethal coronavirus epidemic. In addition, the increased emphasis on the Industrial Internet of Things (IIoT), smart factories, and industrial automation in the post-COVID-19 period will stimulate demand for controller technologies and complex process technologies, such as flow metering and control.

What is the key market trend for Global Mass Flow Controller Market?

The key trend observed in the Mass Flow Controller Market is the use of right material to manufacture this device. For instance, there is a growing trend in the Mass Flow Controller Market to use stainless steel mass flow control products in the pharma sector. Qualities such as resistance to high temperatures and pressure make stainless an attractive raw material to be used in MFC in the Pharmaceutical sector. Due to this increasing demand for stainless steel MFC, it is estimated that the Mass Flow Controller Market will grow by 5% CAGR by 2027. Players in the market are now investing in R&D activities to develop new stainless steel MFC.

Which region accounted for the largest share in Global Mass Flow Controller Market?

During the projected period, the mass flow controller market in APAC is expected to develop at the fastest rate. In 2020, Asia pacific had a revenue share of 56% which was considered the highest among other comparable regions. The region will grow by a modest 6% in the future. Increasing semiconductor industry investments and the rising need for efficient measurement and control devices, as well as industrial automation, are among the primary factors driving the Mass Flow Controller Market in this region. The majority of the major companies in the mass flow controller market have manufacturing capacity in APAC since the cost of production in this region is cheaper than in other regions.

Mass Flow Controller Companies

Mass Flow Controller Market Competitive Landscape

Mass Flow Controller Market Top Players' Company Profiles

Brooks Instrument
Bronkhorst
Christian Bürkert GmbH & Co. KG
MKS Instruments
TASI Group
Sensirion AG
Horiba, Ltd.
Teledyne Technologies
Halma plc
Parker Hannifin Corp
Tokyo Keiso Co., Ltd.
Azbil Corporation
FCTechnik AG
Kofloc
Aalborg Instruments & Controls, Inc.
Axetris AG
Dwyer Instruments
FCON Co., Ltd.
Kelly Pneumatics, Inc.
IMI plc
Ohkura Electric Co., Ltd.
Golden Mountain Enterprise Co., Ltd.

Mass Flow Controller Market

FAQs

Global Mass Flow Controller Market size was valued at USD 1.5 billion in 2022 and is poised to grow from USD 1.72 billion in 2023 to USD 4.92 billion by 2031, growing at a CAGR of 14.03% during the forecast period (2024-2031).

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. 'Brooks Instrument ', 'Bronkhorst ', 'Christian Bürkert GmbH & Co. KG ', 'MKS Instruments ', 'TASI Group ', 'Sensirion AG ', 'Horiba, Ltd. ', 'Teledyne Technologies ', 'Halma plc ', 'Parker Hannifin Corp ', 'Tokyo Keiso Co., Ltd. ', 'Azbil Corporation ', 'FCTechnik AG ', 'Kofloc ', 'Aalborg Instruments & Controls, Inc. ', 'Axetris AG ', 'Dwyer Instruments ', 'FCON Co., Ltd. ', 'Kelly Pneumatics, Inc. ', 'IMI plc ', 'Ohkura Electric Co., Ltd. ', 'Golden Mountain Enterprise Co., Ltd.'

The growth in mass flow controller industry is mainly due to the need for high precision in industries such as biotechnology, pharmaceuticals, and semiconductors. MFCs prove to be indispensable for refining production yields by maintaining standards of quality to satisfy demands according to the necessary regulatory requirements concerning the control of gas flow across various sectors.

Integration of Automation Systems with Internet of Things: One of the new mass flow controller market trends in the industry is integrating MFCs with automation systems and Internet of Things (IoT) technologies. This helps increase system efficiency and reduces costs involved in operating this system as the system can be made possible for real-time monitoring, remote diagnostics, and predictive maintenance. Internet of Things-enabled MFCs is rapidly becoming part of the emerging automation ecosystem with companies making the much-needed transition toward smart manufacturing.

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.

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What is the global market size of Mass Flow Controller Market?

Who are the key vendors in the Mass Flow Controller Market?

What is the key driver of Mass Flow Controller Market?

What is the key market trend for Mass Flow Controller Market?

Which region accounted for the largest share in Mass Flow Controller Market?

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