Global Mass Flow Controller Market Report, published by Variant Market Research, forecast that the global market is expected to reach $1,587.4Million by 2025 from $1,019.1Million in 2017, growing at a CAGR of 5.7% from 2017 to 2025. By Geography, Asia-Pacific and RoW are expected to grow at a CAGR of 6.0% and 5.8%, respectively, during the forecast period.
"Mass Flow Controller Market (By Product: Thermal Mass Flow Meter, Differential Pressure Flow Meter, and Coriolis Mass Flow Meter; By Material: Exotic Alloys, Differential Pressure Flow Meter Stainless Steel and Other Products; By Flow Rate: High Flow Rate, Medium Flow Rate and Low Flow Rate; By Application: Chemicals, Metals & Mining, Water & Wastewater Treatment, Oil & Gas, Pharmaceutical, Semiconductor, Pulp and Paper Processing, Nuclear Power Facility and Other Applications; By Geography: North America, Europe, Asia-Pacific and Row) Global Scenario, Market Size, Outlook, Trend and Forecast, 2016 – 2025"
The global mass flow controller market is mainly driven by high demand in fuel cells for renewable energy appliances
High demand in fuel cells for renewable energy appliances, and huge necessity in the semiconductor industry coupled with advancements in innovation. and technology are the major factor propelling the growth of the market. In addition, variations in differential pressure makes offset in flow measurement acts as a restraint of the market growth. Moreover, growing need for ultra-low flow rate mass flow controllers for various in medical & industrial applications, and rising demand in medical fluids for space applications are the factor expected to create abundant of opportunities in the world mass flow controller market.
Product, material, flow rate, application, and geography are the bifurcations of the global mass flow controller market. By product, the market is categorized into thermal mass flow meter, differential pressure flow meter, and Coriolis mass flow meter. Material segment comprises exotic alloys, differential pressure flow meter stainless steel and other products. On the basis of flow rate, the segment includes high flow rate, medium flow rate and low flow rate. Application segment is classified into chemicals, metals & mining, water & wastewater treatment, oil & gas, pharmaceutical, semiconductor, pulp and paper processing, nuclear power facility and other applications.
The country wise analysis has been also covered under the scope of the report. North America covers the U.S., Canada, and Mexico. Germany, France, UK, and Rest of Europe are analyzed under the European market. India, China, Japan, South Korea, and Rest of Asia-Pacific are included under the Asia-Pacific market. While RoW is bifurcated into South America, Middle East, and Africa.
Coriolis mass flow meter, by product segment led the market with major share in 2017
Coriolis mass flow meter contributed for the majority of the share in 2017, in the product segment, and is expected to continue itstrend during the forecast period. In terms of growth. The high growth in this segment is attributedto its capability of directly measuring the mass of the flowing liquids, gases, and fluids, and indirectly measuring the temperature of containment tube, and liquid density.
On the basis of material, exotic alloys segment is expected to attain the fastest CAGR between 2017 and 2025
Exotic alloy is likely to grow with the fastest pace throughout the forecast period 2017 – 2025. Properties of exotic alloy dealing with high pressure, high corrosion capacity, and critical temperature in different mediaboost the growth of this segment.
Semiconductor occupied the principal share in the application segment in 2017
Semiconductor contributed for the majority of the share in 2017, in the application segment and is also expected to lead the market in the forecast timeframe. The market for this application is growing due to the rising demand for mass flow controllers for gas and liquid treatment applications in numerous industries such as chemicals, pharmaceuticals, and semiconductor.
Asia-Pacific accounted for the maximum share in the global mass flow controller market
In 2017, Asia-Pacific was the highest revenue generating region accounting for 35.4% of the global mass flow controller market share. Also, Asia-Pacific is likely to achieve the fastest CAGR during the forecast period.The reason being to their huge population, are rapidly driving the demand for mass flow controllers in the pharmaceuticals and medical industries
Prominent players operating in the market include HORIBA, Ltd., MKS Instruments, Bronkhorst, Sierra Instruments, Inc., HORIBA, Ltd., Sensirion AG, Hastings Instruments, Alicat Scientific, PARKER HANNIFIN CORP, TOKYO KEISO CO., LTD, among others.