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 Attribute | Details |
| No. of Pages | 564 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $799 Million |
| Forecasted Market Value (USD) by 2030 | $1200 Million |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Global |
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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