Mass Flow Controllers Market Size, Share, Forecast, & Trends Analysis
Meticulous
Research®, the global mass flow controllers market is projected to reach $2.9
billion by 2031, at a CAGR of 9.2% from 2024–2031. The growth of the mass flow
controllers market is driven by the surge in demand for industrial automation,
increasing adoption of mass flow controllers in fuel cells for renewable energy
applications, and increasing government initiatives to boost the semiconductor
manufacturing industry. However, the high initial investment may restrain the
growth of this market.
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Furthermore,
the increasing demand for mass flow controllers in the pharmaceutical and
medical devices industries and advancements in sensor technology are expected
to generate growth opportunities for the market's stakeholders. However,
differential pressure limitations with mass flow controllers are a major
challenge impacting the market's growth.
The
global mass flow controllers market is segmented by product type (thermal mass
flow controllers, Coriolis mass flow controllers, differential pressure mass
flow controllers), flow rate (low (0-50 slpm), medium (0-300 slpm), high
(0-1500 slpm)), end user (residential & commercial, industrial
(semiconductor, chemical, oil & gas, food & beverage, pharmaceutical,
metal & mining, water & wastewater, agriculture, other industries)).
The study also evaluates industry competitors and analyzes the market at the regional
and country levels.
Based on
product type, the global mass flow controllers market is segmented into thermal
mass flow controllers, Coriolis mass flow controllers, and differential
pressure mass flow controllers. In 2024, the thermal mass flow controllers
segment is expected to account for the largest share of above 48% of the global
mass flow controllers market. The large market share of this segment is
attributed to the increasing use of thermal MFCs in the chemical,
semiconductor, and pharmaceutical industries, advancements in sensor
technologies, and increasing focus on reducing costs. Thermal MFCs offer
various benefits over other MFCs, such as affordability and simpler design,
allowing for easier integration.
However,
the pressure mass flow controllers segment is projected to register the highest
CAGR during the forecast period. The segment's growth is attributed to the
increasing demand for low differential pressure MFCs, which offer faster
response and better accuracy than other MFCs, and the increasing use of
differential pressure MFCs across various industries.
Based on
flow rate, the global mass flow controllers market is segmented into low (0-50
slpm), medium (0-300 slpm), and high (0-1500 slpm). In 2024, the low (0-50
slpm) segment is expected to account for the largest share of above 45% of the
global mass flow controllers market. The large market share of this segment is
attributed to the growing trend towards more affordable thermal MFCs and
increasing use of low flow rate MFCs in semiconductor manufacturing.
However,
the medium (0-300 slpm) segment is projected to register the highest CAGR
during the forecast period. The segment's growth is attributed to the
increasing emphasis on automation and centralized control systems in various
industries and increasing demand for medium flow rate MFCs in chemical
processing and food & beverage production applications.
Based on
end user, the global mass flow controllers market is segmented into residential
& commercial, and industrial. In 2024, the industrial segment is expected
to account for the largest share of above 80% of the global mass flow
controllers market. The large market share of this segment is attributed to the
increasing industrial automation, strict environmental regulations pushing
industries to adopt cleaner technologies, increasing demand for low flow rate
MFCs in the industrial sector, and advancements in MFC technology such as
miniaturization and sensor technology. In June 2022, Sensirion AG (Switzerland)
launched the SFC5500 series with four new mass flow controllers and meters for
analytical, medical, and industrial applications. Moreover, this segment is
also projected to register the highest CAGR during the forecast period.
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Based on
geography, the mass flow controllers market is segmented into North America,
Europe, Asia-Pacific, Latin America, and Middle East & Africa. In 2024,
Asia-Pacific is expected to account for the largest share of above 37% of the
global mass flow controllers market. The market growth in Asia-Pacific is
driven by the increasing government initiatives to boost the semiconductor
manufacturing industry in the region, Industry 4.0 practices, strict
environmental regulations to adopt cleaner technologies, and rising demand for
cost-effective thermal MFCs in the region. China is a leader in the region for
MFC adoption due to its booming manufacturing sector and government initiatives
promoting technological advancements. India is rapidly expanding its manufacturing
base and increasingly focusing on automation and process control, increasing
the market growth. In September 2023, Brooks Instrument (U.S.) opened a new
manufacturing facility for producing mass flow controllers (MFCs) in Penang,
Malaysia. Moreover, this region is also projected to record the highest CAGR of
above 10.5% during the forecast period.
Key
Players
The key
players operating in the global mass flow controllers market are Brooks
Instrument (U.S.), MKS Instruments, Inc. (U.S.), HORIBA, Ltd. (Japan),
Bronkhorst High-Tech BV (Netherlands), Christian Bürkert GmbH & Co. KG
(Germany), Sierra Instruments, Inc. (U.S.), Sensirion AG (Switzerland), Hitachi
Metals, Ltd. (Japan), Teledyne Hastings Instruments (U.S.), Parker Hannifin
Corp (U.S.), Alicat Scientific, Inc (U.S.), FLSmidth A/S (Denmark), Advitech
Inc. (U.S.), FCON Co., Ltd. (Japan), and Azbil Corporation (Japan).
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