Global Mass Flow Controllers Strategic Business Report 2023: Sustained Emphasis on Industrial Automation Augurs Well for Market Expansion


Dublin, April 10, 2023 (GLOBE NEWSWIRE) -- The "Mass Flow Controllers: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Mass Flow Controllers estimated at US$799 Million in the year 2022, is projected to reach a revised size of US$1.2 Billion by 2030, growing at a CAGR of 5.7% over the analysis period 2022-2030.

Coriolis Mass Flow Meter, one of the segments analyzed in the report, is projected to record a 5.7% CAGR and reach US$687.7 Million by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Differential Pressure Flow Meter segment is readjusted to a revised 6.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $114.7 Million, While China is Forecast to Grow at 6.6% CAGR

The Mass Flow Controllers market in the U.S. is estimated at US$114.7 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$308.9 Million by the year 2030 trailing a CAGR of 6.6% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.5% and 5.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$290.6 Million by the year 2030.

Select Competitors (Total 74 Featured) -

  • Aalborg Instruments & Controls, Inc.
  • Alicat Scientific, Inc.
  • Axetris AG
  • Azbil Corporation
  • Bronkhorst High-Tech BV
  • Brooks Instrument, LLC
  • Christian Burkert GmbH & Co. KG
  • Horiba, Ltd.
  • MKP Co., Ltd.
  • MKS Instruments Inc.
  • Parker Hannifin Corporation
  • Sensirion AG
  • Teledyne Hastings Instruments
  • Tokyo Keiso Co. Ltd.
  • Vogtlin Instruments GmbH

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages564
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$799 Million
Forecasted Market Value (USD) by 2030$1200 Million
Compound Annual Growth Rate5.2%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • COVID-19 Crisis to Trigger Weakness into the Mass Flow Controllers Market in the Immediate Term
  • As Industrial Output Shrinks Amid the COVID-19 Pandemic, Industrial Supplies & Accessories Value Chain Feels the Pain
  • Global Chemical Output Growth Between Dec-2019 to May-2020 (In %)
  • COVID-19 Pandemic Set to Dent Economic Growth Across All Regions, Derailing the Market Momentum Temporarily
  • World Economic Growth Projections (Real GDP, annual % Change) for 2019, 2020 & 2021
  • An Introduction to Mass Flow Controllers
  • Long-Term Prospects for Mass Flow Controllers Remain Progressive
  • While Developing Regions Remain Major Consumers, Developed Regions Continue to Offer Growth Opportunities
  • World Mass Flow Controllers Market by Region (2020 & 2027): Percentage Breakdown of Revenues for Developed and Developing Regions
  • Global Mass Flow Controllers Market - Geographic Regions Ranked by Value CAGR for 2020-2027: China, Asia-Pacific, Latin America, Middle East, Africa, USA, Canada, Europe, and Japan
  • Analysis by Product: Coriolis Mass Flow Meter - Major Product Type
  • Differential Pressure Flow Meters: Fastest Growing Product Category
  • Thermal Mass Flow Meters Remain Critical to Industrial Applications
  • Material Type: Stainless Steel, The Primary Material for Mass Flow Controller
  • Exotic Alloys Seek Role in Fabrication of Mass Flow Controller
  • Mass Flow Controllers - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Competitive Scenario
  • Product Development and Launch Remains Key Strategy for Companies
  • Recent Market Activity
  • Brands in Select Regions

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Operational & Technical Benefits to Support Future Growth in the Mass flow controllers Market
  • Industry Approvals Vital to Future Expansion of the Market
  • Fast Evolving Role of Industry 4.0 & Smart Factory to Steer Future Expansion
  • Global Investments on Industry 4.0 Technologies (in US$ Billion) for the Years 2017, 2020, & 2023
  • Sustained Emphasis on Industrial Automation Augurs Well for Market Expansion
  • Despite Sharp Decline in Demand Due to COVID-19 Crisis, Semiconductors to Remain Major End-Use Sector Over the Analysis Period
  • Critical Importance of Accurate Flow Measurements in Chemicals Industry Bodes Well in Long Term
  • Key Applications for Mass Flow Controllers in Chemical Plants
  • Robust Opportunities Identified in Pharmaceuticals Sector
  • Rush for Ventilators in COVID-19 Care Settings Creates Fresh Opportunities
  • Favorable Long-Term Forecasts for Oil & Gas Sector Instill Market Optimism
  • A Review of Key Applications for Mass flow controllers in Oil & Gas Sector
  • Food & Beverage Industry Remains a Key End-Use Sector
  • Key Applications in Food & Beverage Industry
  • Mass Flow Controllers Gain Traction in Water & Wastewater Treatment Programs
  • Innovations & Advancements Accelerate Growth in Mass flow controllers Market
  • Advances in Flowmeter Technology Spur Development of Mass Flow Controllers with New Generation Capabilities
  • New Diagnostic Tools Enable Real-Time Verification of Coriolis Flowmeters and Increase Efficiency in Asset Maintenance
  • Emergence of Large Line Size Coriolis Flowmeters for Bulk Fluid Transfer Applications
  • Two-Wire Devices Better Coriolis Flow Meter Functionality
  • Innovations from Select Companies

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/s4r2u8

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Global Market for Mass Flow Controllers

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