USD 1.25 Billion
Report ID: SQMIG45J2048 | Region: Global | Published Date: November, 2022 | Pages: 157 | Tables: 116 | Figures: 66
Mass Flow Controller Market was valued at USD 1.25 Billion in 2021, and it is expected to reach a value of USD 1.54 Billion by 2028, at a CAGR of 3.10% over the forecast period (2022-2028).
A Mass Flow Controller is a device that regulates the flow rate of fluids, gases, and liquids in order to achieve accurate measurement. The controllers are designed differently depending on the type of gas or liquid and the flow rate range. The flow rate is automatically controlled by the controller, which is unaffected by changes in gas pressure. The mass flow sensor, inlet and outlet ports, and proportional control valve are all included. It is used extensively in the chemical, electronics, metal, and mining industries.
Due to rising demand in the semiconductor industry, the Global Mass Flow Controller Market is booming. Additionally, the growing demand for mass flow controllers in renewable energy applications is propelling the Mass Flow Controller Market forward. Technological advancements sparked a surge in demand for intelligent smart flow meters, boosting the Mass Flow Controller Market growth. Mass flow controllers are critical in the quality control of a variety of medical devices, and several key industry players have jumped at the chance to use them to combat the deadly coronavirus pandemic.
The outbreak of COVID-19 in 2020 has pushed governments throughout the world to take urgent steps to protect public health, going from a single case in China to a global pandemic in less than three months. The worldwide health crisis has harmed economic development forecasts and thrown the energy Mass Flow Controller Market into disarray. Additional production adjustments agreed to by OPEC and non-OPEC countries in the Declaration of Cooperation for the first quarter of 2020 have bolstered oil markets. In terms of the economy, stocks, equities, financial instruments, metals, commodities, and oil, all indices have declined in the last week of March and throughout April. Crude oil prices have been steadily declining since the beginning of 2020. Consumer demand has fallen as a result of the virus's continuous spread, which has harmed the economy and led to tensions between two of the world's top oil producers, Russia and Saudi Arabia, in early March. All of these reasons are predicted to have a negative impact on the oil and gas industry's mass flow controller market.
US Mass Flow Controller Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1.25 Billion
Low Flow Rate
Low Flow Rate
To get more reports on the above market click here to Buy The Report
The Global Mass Flow Controller Market is segmented based on Type, Material Type, Media, Flow rate, Application, and Region. Based on Type it is categorized into Direct, Indirect. Based on Material Type it is categorized into Stainless Steel, Exotic Alloy, and Others. Based on Media it is categorized into Gas, Liquid, and Others. Based on Flow rate it is categorized into Low Flow Rate, Medium Flow Rate, and High Flow Rate. Based on the region it is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Analysis by Flow Rate
Mass flow controllers with low flow rates are projected to grow as they are essential in the pharmaceutical business for measuring and controlling various media (gas and liquid). In the medical field, for example, mass flow controls are employed in breathing machines. The controllers' ultra-low flow measuring, and control capacity improves the accuracy of ventilation devices while also providing efficient control and safety for patients. The adoption of mass flow controllers in pharmaceuticals, medical, and healthcare products to improve safety and accuracy will propel the mass flow controller market forward.
To get detailed analysis on other segments, Request For Sample Report
During the projected period, the mass flow controller market in APAC is expected to develop at the fastest rate. In 2020, Asia pacific had a revenue share of 56% which was considered the highest among other comparable regions. The region will grow by a modest 6% in the future. Increasing semiconductor industry investments and the rising need for efficient measurement and control devices, as well as industrial automation, are among the primary factors driving the Mass Flow Controller Market in this region. The majority of the major companies in the mass flow controller market have manufacturing capacity in APAC since the cost of production in this region is cheaper than in other regions.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
Several companies lead the Mass Flow Controller Market due to significant investments in acquisition and merger operations, research and development, patents, and strong brand value. The business is expected to be highly competitive, with competitors attempting to grow their Mass Flow Controller Market share of mass flow controllers by signing contracts and developing new products.
Top Players' Company Profiles
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research. SkyQuest identified the key dominating segments of the Mass Flow Controller Market by offerings and verticals.
As per SkyQuest analysis, the pharmaceutical business is likely to grow at the fastest rate over the forecast period. Low flow rate mass flow controllers are critical in the pharmaceutical industry for monitoring and regulating diverse media (gas and liquid). The use of mass flow controllers in pharmaceuticals, medical devices, and healthcare items to increase safety and accuracy will drive the mass flow controller Mass Flow Controller Market forward.
|Market size value in 2021||USD 1.25 Billion|
|Market size value in 2028||USD 1.54 Billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Mass Flow Controller Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Mass Flow Controller Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Mass Flow Controller Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Mass Flow Controller Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Our industry expert will work with you to provide you with customized data in a short amount of time.SPEAK TO AN ANALYST
Get lifetime access to our reportsBasic Plan $5,000 Team Plan $10,000 SUBSCRIBE NOW
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.
Product ID: SQMIG45J2048