What is the global market size of Mass Flow Controller Market?

Mass Flow Controller Market size was valued at USD 0.95 billion in 2021 and is poised to grow from USD 1 billion in 2022 to USD 1.55 billion by 2030, growing at a CAGR of 5% in the forecast period (2023-2030).

Global Mass Flow Controller Market Size, Share, Growth Analysis, By Type(Direct, Indirect), By Material Type(Stainless Steel, Exotic Alloys), By Media(Gas, Liquid), By Flow Rate(Low Flow Rate, Medium Flow Rate) - Industry Forecast 2024-2031

Report ID: SQMIG45J2048 | Region: Global | Published Date: April, 2024
Pages: 157 | Tables: 116 | Figures: 76

Global Mass Flow Controller Market Dynamics

Mass Flow Controller Market Driver

With the rapid spread of the coronavirus, the healthcare and pharmaceutical sectors are poised to deal with one of the world's most rapidly growing health catastrophes. The manufacture of all important medical equipment necessary to cure COVID-19 patients is increasing. Mass flow controllers are critical in the quality control of various types of medical equipment, and numerous significant industry companies have seized the chance to combat the lethal coronavirus epidemic. In addition, the increased emphasis on the Industrial Internet of Things (IIoT), smart factories, and industrial automation in the post-COVID-19 period will stimulate demand for controller technologies and complex process technologies, such as flow metering and control.
The pharmaceutical industry is expected to expand at the fastest rate over the projected period. Mass flow controllers with low flow rates are essential in the pharmaceutical business for measuring and controlling various media (gas and liquid). The adoption of mass flow controllers in pharmaceuticals, medical, and healthcare products to improve safety and accuracy will propel the mass flow controller Mass Flow Controller Market forward.

Mass Flow Controller Market Restraint

Variations in differential pressure cause an offset in flow measurement. A control valve's internal mechanism employs a spring to prevent variations in the differential pressure across the valve. Extreme differential pressure fluctuations generate tuning and range-related issues in control valves, resulting in a continuous offset. High-pressure applications are hampered by factors such as tuning challenges and large changes in differential pressure. For a few specialized applications, the outlet pressure must be much greater than the mass flow controller's required and programmed pressure; this mostly creates tuning and flow range issues.
High initial costs of magnetic flow meters and Coriolis may limit market revenue. This, along with a scarcity of skilled technicians, may stymie overall Mass Flow Controller Market growth. Nonetheless, the increased demand for process automation from regions such as the Asia Pacific is expected to create attractive growth prospects for the Mass Flow Controller Market in the future.

Global Mass Flow Controller Market Report Snapshots

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Mass Flow Controller Market size was valued at USD 0.95 billion in 2019 and is poised to grow from USD 1 billion in 2023 to USD 1.55 billion by 2031, growing at a CAGR of 5% in the forecast period (2024-2031).

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. 'Brooks Instrument', 'Burkert Fluid Control Systems ', 'Sierra Instruments', 'Bronkhorst High-Tech BV', 'Sierra Instruments Inc.', 'Alicat Scientific Inc.', 'Sensirion AG', 'Teledyne Hastings Instruments', 'Horiba Ltd.', 'Tokyo Keiso Co. Ltd.', 'Parker Hannifin Corporation', 'Vogtlin Instruments GmbH', 'Azbil Corporation', 'Omron Corporation', 'Fujikin Incorporated', 'Keyence Corporation', 'Yokogawa Electric Corporation', 'Aalborg Instruments & Controls, Inc.', 'Omega Engineering, Inc.'

With the rapid spread of the coronavirus, the healthcare and pharmaceutical sectors are poised to deal with one of the world's most rapidly growing health catastrophes. The manufacture of all important medical equipment necessary to cure COVID-19 patients is increasing. Mass flow controllers are critical in the quality control of various types of medical equipment, and numerous significant industry companies have seized the chance to combat the lethal coronavirus epidemic. In addition, the increased emphasis on the Industrial Internet of Things (IIoT), smart factories, and industrial automation in the post-COVID-19 period will stimulate demand for controller technologies and complex process technologies, such as flow metering and control.

The key trend observed in the Mass Flow Controller Market is the use of right material to manufacture this device. For instance, there is a growing trend in the Mass Flow Controller Market to use stainless steel mass flow control products in the pharma sector. Qualities such as resistance to high temperatures and pressure make stainless an attractive raw material to be used in MFC in the Pharmaceutical sector. Due to this increasing demand for stainless steel MFC, it is estimated that the Mass Flow Controller Market will grow by 5% CAGR by 2027. Players in the market are now investing in R&D activities to develop new stainless steel MFC.

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.

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Global Mass Flow Controller Market Size, Share, Growth Analysis, By Type(Direct, Indirect), By Material Type(Stainless Steel, Exotic Alloys), By Media(Gas, Liquid), By Flow Rate(Low Flow Rate, Medium Flow Rate) - Industry Forecast 2024-2031

Global Mass Flow Controller Market Dynamics

Global Mass Flow Controller Market Report Snapshots

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