Report ID: SQMIG45J2048
Report ID:
SQMIG45J2048 |
Region:
Global |
Published Date: October, 2024
Pages:
157
|
Tables:
116 |
Figures:
76
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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Report ID: SQMIG45J2048