Mass Flow Controllers Market Size, Share, Forecast, & Trends Analysis

Category: Academics



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blog details: Meticulous Research®, the global mass flow controllers market is projected to reach $2.9 billion by 2031, at a CAGR of 9.2% from 2024–2031. The growth of the mass flow controllers market is driven by the surge in demand for industrial automation, increasing adoption of mass flow controllers in fuel cells for renewable energy applications, and increasing government initiatives to boost the semiconductor manufacturing industry. However, the high initial investment may restrain the growth of this market. Download free sample report here: https://www.meticulousresearch.com/download-sample-report/cp_id=5893?utm_source=article&utm_medium=social&utm_campaign=product&utm_content=27-05-2024 Furthermore, the increasing demand for mass flow controllers in the pharmaceutical and medical devices industries and advancements in sensor technology are expected to generate growth opportunities for the market's stakeholders. However, differential pressure limitations with mass flow controllers are a major challenge impacting the market's growth. The global mass flow controllers market is segmented by product type (thermal mass flow controllers, Coriolis mass flow controllers, differential pressure mass flow controllers), flow rate (low (0-50 slpm), medium (0-300 slpm), high (0-1500 slpm)), end user (residential & commercial, industrial (semiconductor, chemical, oil & gas, food & beverage, pharmaceutical, metal & mining, water & wastewater, agriculture, other industries)). The study also evaluates industry competitors and analyzes the market at the regional and country levels. Based on product type, the global mass flow controllers market is segmented into thermal mass flow controllers, Coriolis mass flow controllers, and differential pressure mass flow controllers. In 2024, the thermal mass flow controllers segment is expected to account for the largest share of above 48% of the global mass flow controllers market. The large market share of this segment is attributed to the increasing use of thermal MFCs in the chemical, semiconductor, and pharmaceutical industries, advancements in sensor technologies, and increasing focus on reducing costs. Thermal MFCs offer various benefits over other MFCs, such as affordability and simpler design, allowing for easier integration. However, the pressure mass flow controllers segment is projected to register the highest CAGR during the forecast period. The segment's growth is attributed to the increasing demand for low differential pressure MFCs, which offer faster response and better accuracy than other MFCs, and the increasing use of differential pressure MFCs across various industries. Browse in depth: https://www.meticulousresearch.com/product/mass-flow-controllers-market-5893?utm_source=article&utm_medium=social&utm_campaign=product&utm_content=27-05-2024 Based on flow rate, the global mass flow controllers market is segmented into low (0-50 slpm), medium (0-300 slpm), and high (0-1500 slpm). In 2024, the low (0-50 slpm) segment is expected to account for the largest share of above 45% of the global mass flow controllers market. The large market share of this segment is attributed to the growing trend towards more affordable thermal MFCs and increasing use of low flow rate MFCs in semiconductor manufacturing. However, the medium (0-300 slpm) segment is projected to register the highest CAGR during the forecast period. The segment's growth is attributed to the increasing emphasis on automation and centralized control systems in various industries and increasing demand for medium flow rate MFCs in chemical processing and food & beverage production applications. Based on end user, the global mass flow controllers market is segmented into residential & commercial, and industrial. In 2024, the industrial segment is expected to account for the largest share of above 80% of the global mass flow controllers market. The large market share of this segment is attributed to the increasing industrial automation, strict environmental regulations pushing industries to adopt cleaner technologies, increasing demand for low flow rate MFCs in the industrial sector, and advancements in MFC technology such as miniaturization and sensor technology. In June 2022, Sensirion AG (Switzerland) launched the SFC5500 series with four new mass flow controllers and meters for analytical, medical, and industrial applications. Moreover, this segment is also projected to register the highest CAGR during the forecast period. Download request sample report here: https://www.meticulousresearch.com/request-sample-report/cp_id=5893?utm_source=article&utm_medium=social&utm_campaign=product&utm_content=27-05-2024 Based on geography, the mass flow controllers market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of above 37% of the global mass flow controllers market. The market growth in Asia-Pacific is driven by the increasing government initiatives to boost the semiconductor manufacturing industry in the region, Industry 4.0 practices, strict environmental regulations to adopt cleaner technologies, and rising demand for cost-effective thermal MFCs in the region. China is a leader in the region for MFC adoption due to its booming manufacturing sector and government initiatives promoting technological advancements. India is rapidly expanding its manufacturing base and increasingly focusing on automation and process control, increasing the market growth. In September 2023, Brooks Instrument (U.S.) opened a new manufacturing facility for producing mass flow controllers (MFCs) in Penang, Malaysia. Moreover, this region is also projected to record the highest CAGR of above 10.5% during the forecast period. Key Players The key players operating in the global mass flow controllers market are Brooks Instrument (U.S.), MKS Instruments, Inc. (U.S.), HORIBA, Ltd. (Japan), Bronkhorst High-Tech BV (Netherlands), Christian Bürkert GmbH & Co. KG (Germany), Sierra Instruments, Inc. (U.S.), Sensirion AG (Switzerland), Hitachi Metals, Ltd. (Japan), Teledyne Hastings Instruments (U.S.), Parker Hannifin Corp (U.S.), Alicat Scientific, Inc (U.S.), FLSmidth A/S (Denmark), Advitech Inc. (U.S.), FCON Co., Ltd. (Japan), and Azbil Corporation (Japan). 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keywords: Mass Flow Controllers

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