Mass Flow Controller Market Opportunities & Prominent Trends 2021-2027

Mass Flow Controller Market Opportunities & Prominent Trends 2021-2027

The mass flow controller market research study is a detailed document that presents a gist of the global industry space in terms of numerous parameters. Some of these falls along the likes of the industry insights, growth drivers, industry segmentation, and trends worldwide. Also included in the research report is information pertaining to the companies partaking in the market share and the information pertaining to the regulatory norms that impact the commercialization landscape of this vertical.

The mass flow controller market is expected to witness substantial growth in the coming years, owing to the increasing government initiatives to encourage the adoption of smart manufacturing systems in industries, especially across developed regions. The development of smart factories in countries like South Korea, China, Taiwan, and the U.S. is likely to create significant demand for mass flow controllers.

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The high flow rate controller segment registered a market share of about 20% in 2020 and is slated to grow at a steady pace in the coming years. The component demand is attributed to the constant need for the high flow rate controllers in the oil & gas as well as water & wastewater treatment applications. The high accuracy and large measuring range of up to 500 SLPM of the high flow rate controllers makes them widely suitable in these sectors.

The Coriolis mass flow meter segment held over 10% of global mass flow controller market share in 2020 and is all set to grow at 3.5% CAGR up to 2027. Coriolis mass flow meters offer numerous sophisticated features such as low leakage rate, high reliability, and accurate flow monitoring of various liquids and gases. Along with such exceptional properties, the ability of these flow meters to offer high performance even in extreme temperature, viscosity, pressure, and fluid density increases their adoption in rugged industrial applications.

The chemical applications accounted for around 10% of mass flow controller market share in 2020 and is estimated to grow at a CAGR of 5% over the coming years. Growing demand for mass flow controllers for their numerous applications in the chemical sector such as mass spectroscopy systems, gas chromatography, catalyst research, and chemical reactors is expected to drive industry share from this segment.

The increase in government efforts to uplift the manufacturing and process industries in developing countries is likely to create lucrative growth opportunities for mass flow controller manufacturers in Asia Pacific. For instance, the Indian Union Ministry of Chemicals & Fertilizers, in March 2021, announced to invest around US$110 billion by 2025 under the 12 PLI scheme for numerous upstream and downstream sectors. Such financial support will significantly boost the chemical manufacturing sector in the region.

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Europe mass flow controller market is predicted to witness a CAGR of 5% through 2027. The strong presence of prominent pharmaceutical firms in the region such as Novo Nordisk, AstraZeneca, Pfizer Inc., and others emphasizing on the largescale manufacturing of novel drugs and vaccines should primarily drive the component use. In a view to boosting pharmaceutical production, the regional firms are increasingly investing in R&D activities.

Major Key Points from Table of Content:

Chapter 6   Mass Flow Controller Market, By Flow Rate (Revenue, Shipment)

6.1    Key trends, by flow rate

6.2    Low flow rate

6.2.1    Market estimates and forecast, 2016 - 2027

6.3    Medium flow rate

6.3.1    Market estimates and forecast, 2016 - 2027

6.4    High flow rate

6.4.1    Market estimates and forecast, 2016 - 2027

Chapter 7   Mass Flow Controller Market, By Product Type (Revenue, Shipment)

7.1    Key trends, by product type

7.2    Differential pressure flow meter

7.2.1    Market estimates and forecast, 2016 - 2027

7.3    Thermal mass flow meter

7.3.1    Market estimates and forecast, 2016 - 2027

7.4    Coriolis mass flow meter

7.4.1    Market estimates and forecast, 2016 - 2027

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