Dublin, Oct. 03, 2024 (GLOBE NEWSWIRE) -- The "Mass Flow Controller Market Size by Metal & Elastomer Seal, Flow Rate (<25, 25 - 1k, >1k SLM), Gas & Liquid, Thermal, Differential Pressure & Coriolis, Stainless Steel, Wafer Cleaning, Plasma Etching, Catalyst Research, Aeration - Global Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.
The global mass flow controller market was valued at USD 1.63 billion in 2024 and is projected to reach USD 2.32 billion by 2029; it is expected to register a CAGR of 7.2%
The report segments the mas flow controller market and forecasts its size by product specification, material type, media type, flow rate, technology, connectivity, end-user industry and region. The report also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed view of the market across four main regions. Supply chain analysis has been included in the report, along with the key players and their competitive analysis in the mass flow controller market.
Rising focus on hydrogen fuel cells is driving the growth of the mass flow controller market. As fuel cells continue to gain prominence as a clean and efficient energy source, the need mass flow controller during fuel cell operation has become critical. Whereas complexities associated in integrating mass flow controllers with other technologies posses challenge for the growth of the mass flow controller market.
The mass flow controller market is dominated by a few globally established players such as HORIBA, Ltd. (Japan), Sensirion AG (Switzerland), MKS Instruments (US), Teledyne Technologies Incorporated (US), Bronkhorst (Netherlands), Brooks Instrument (US) Christian Burkert GmbH & Co. KG (Germany), Sierra Instruments, Inc. (US), Alicat Scientific Inc. (US), and PARKER HANIIFIN CORP (US). The study includes an in-depth competitive analysis of these key players in the mass flow controller market, with their company profiles, recent developments, and key market strategies.
The Coriolis mass flow controller is expected to grow at the highest CAGR during the forecast period.
A Coriolis mass flow controller has been seen as the only flow sensor that actually measures the mass flow in a directly manner. This distinctive capability underpins the accuracy of Coriolis flow controllers: They quantify the mass flow rate of a fluid in a straightforward manner, that is without having to integrate or include other properties of the fluid into the measurement. This means that the Coriolis flow controllers offers accurate mass flow rates irrespective of changes in density, viscosity or specific heat of the flowing liquid or gas. For this reason, Coriolis mass flow controllers remain insensitive to shifts in properties of the fluid.
Digital mass flow controllers segment is likely to have a larger market share during the forecast period.
Digital mass flow controllers use highly developed sensors, microprocessors and complex algorithms, and thus boast of higher accuracy in the measurement of flow rates and control of the same. These applications include manufacturing of semiconductors besides other precision processes like those used in the manufacture of chemicals.
Additionally, the integration of the digital technologies leads to the enhanced control possibilities, automatic control, calibration as well as remote control, all of which highly enhances the overall operation. Digital mass flow controllers also are more constants and stable, has less maintenance requirement and has lower run cost due to its measurement drift and self-calibration capabilities.
The Asia Pacific segment is likely to grow at the second highest CAGR during the forecast period.
The market in Asia Pacific is expected to witness the second highest CAGR of 28.4% during the forecast period. The region witnessed substantial investments in semiconductor manufacturing infrastructure, driven by both government initiatives and private enterprises aiming to establish semiconductor manufacturing plants.
Increasing investments in the semiconductor industry, rising demand for efficient devices for measurement and control, and industrial automation are among the major factors driving the market growth in this region. Most key players operating in the mass flow controller market have their production capacity in Asia Pacific, as the production cost in this region is lower than that of other regions.
Key Benefits to Buy the Report:
- Analysis of key drivers (Expansion of solar cell manufacturing, increased investments in semiconductors and electronics production, and growing focus on hydrogen fuel cells as renewable energy source). Restraint (Calibration dependency), Opportunities (Use of mass flow controllers in space applications, Government initiatives to boost semiconductor manufacturing in Asia Pacific), Challenges (complexities associated in integration with other technologies)
- Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the mass flow controller market.
- Market Development: Comprehensive information about lucrative markets - the report analyses the mass flow controller market across varied regions.
- Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in the mass flow controller market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players as HORIBA, Ltd. (Japan), Sensirion AG (Switzerland), MKS Instruments (US), Teledyne Technologies Incorporated (US), Bronkhorst (Netherlands), Brooks Instrument (US) Christian Burkert GmbH & Co. KG (Germany), Sierra Instruments, Inc. (US), Alicat Scientific Inc. (US), and PARKER HANIIFIN CORP (US) among others in the mass flow controller market.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 236 |
| Forecast Period | 2024 - 2029 |
| Estimated Market Value (USD) in 2024 | $1.63 Billion |
| Forecasted Market Value (USD) by 2029 | $2.32 Billion |
| Compound Annual Growth Rate | 7.2% |
| Regions Covered | Global |
Companies Featured
- Horiba, Ltd.
- Sensirion AG
- Mks Instruments
- Teledyne Technologies Incorporated
- Bronkhorst
- Brooks Instrument
- Christian Burkert GmbH & Co. KG
- Sierra Instruments, Inc.
- Alicat Scientific, Inc.
- Parker Hannifin Corp
- Tokyo Keiso Co. Ltd.
- Vogtlin Instruments GmbH
- Azbil Corporation
- Sable Systems International
- Kofloc
- Aalborg
- Axetris AG
- Dwyer Instruments, LLC.
- Fcon Co. Ltd.
- Kelly Pneumatics, Inc.
- Imi
- Proterial, Ltd.
- Mti Corporation
- Ohkura Electric Co. Ltd.
- Dakota Instruments, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/xfhuxv
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