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Microfluidic Components Market by Product (Valve, Solenoid Valve, Check Valve, Nozzle, Tubing, Micropump, Microneedle, Shuttle Valve), Industry (Automotive, Aerospace & Defense, Healthcare, Consumer Electronics, Oil & Gas) - Global Forecast to 2024

  • ID: 4773719
  • Report
  • Region: Global
  • 164 Pages
  • Markets and Markets
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The Microfluidic Components Market is Expected to Reach USD 53.7 Billion by 2024 from an Estimated USD 21.6 Billion in 2019, at a CAGR of 20.0%.

FEATURED COMPANIES

  • Aignep S.P.A.
  • Cellix Ltd.
  • Dolomite Microfluidics
  • Elveflow
  • FIM Valvole SRL
  • Fluigent SA
  • MORE

The global microfluidic components market is projected to grow at a CAGR of 20.0%.

The growing demand for smart and intelligent flowmeters, sensors, and advanced pumps in high-end industries; technological advancements; increasing focus on data precision and accuracy; and the growing demand for miniature portable devices are the primary growth factors for this market. The need for the constant replacement of valves, rising number of refineries and petrochemical plants, and the increasing application areas of the microfluidics technology are expected to offer significant growth opportunities for players in this market. However, standardization and commercialization of components are the major market challenges.

The valves segment is expected to grow at the highest rate during the forecast period.

On the basis of product, the microfluidic components market is segmented into valves, micropumps, nozzles, pressure controllers, microneedles, connectors, tubing, and other components. The valves segment is projected to witness the highest growth in the microfluidic components market during the forecast period. Growth in this segment is largely driven by the diverse functionality of valves in various industrial sectors and the increasing automation across all industries.

The oil & gas industry is expected to account for the largest market share in 2019.

The oil & gas industry segment is expected to hold the largest share of the microfluidic components market. The growing demand for maintenance of refineries and the increasing number of oil exploration projects across the world are factors contributing to the larger share of this segment.

The Asia Pacific region is likely to be the fastest-growing market for players operating in the microfluidic components market.

Although North America is expected to account for the largest share of the global microfluidic components market in 2018, the Asia Pacific is expected to witness the highest CAGR during the forecast period. Increasing industrialization, investments in water infrastructure, growth in various industries (such as chemicals, power & energy, and aerospace), the increasing number of infrastructural development projects (especially in China and India), rising standard of living, and growing urbanization are factors driving the growth of this regional segment.

A breakdown of the primary participants referred to for this report is provided below:

  • By Company Type: Tier 1 (35%), Tier 2 (40%), and Tier 3 (25%)
  • By Designation: C-level (35%), Director-level (25%), and Others (40%)
  • By Region: North America (35%), Europe (30%), Asia Pacific (15%), Latin America (10%), and the Middle East & Africa (10%)

The prominent players in the global microfluidic components market include Parker Hannifin Corporation (US), Camozzi Automation Spa Società Unipersonale (Italy), Staiger GmbH & Co. KG (Germany), Vesta Automation Srl (Italy), Metal Work S.p.A. (Italy), Fortive Corporation (US), Aignep s.p.a. (Italy), FIM Valvole Srl (Italy), International Polymer Solutions (US), The Lee Company (US), Humphrey Products Corporation (US), and Dolomite Microfluidics (UK).

Research Coverage:

The report analyzes the market for various microfluidic components and their adoption patterns. It aims at estimating the market size and future growth potential of the global microfluidic components market and different segments such as product, industry, and regions. The report also includes an in-depth competitive analysis of the key players in this market along with their company profiles, product & service offerings, and recent developments.

Reasons to Buy the Report

The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them garner a greater share. Firms purchasing the report could use one or any combination of the below-mentioned five strategies for strengthening their market presence.

This report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on the product portfolios offered by the top players in the global microfluidic components market
  • Product Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the global microfluidic components market
  • Market Development: Comprehensive information on the lucrative emerging regions by product, industry, and region
  • Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the global microfluidic components market
  • Competitive Assessment: In-depth assessment of market ranking, growth strategies, revenue analysis, and products of leading players in the global microfluidic components market
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Aignep S.P.A.
  • Cellix Ltd.
  • Dolomite Microfluidics
  • Elveflow
  • FIM Valvole SRL
  • Fluigent SA
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Approach
2.2 Research Design
2.2.1 Secondary Research
2.2.1.1 Key Data From Secondary Sources
2.2.2 Primary Research
2.2.2.1 Key Data From Primary Sources
2.2.2.2 Breakdown of Primaries
2.2.2.3 Key Industry Insights
2.3 Market Size Estimation
2.4 Data Triangulation Approach
2.5 Market Players Ranking Analysis
2.6 Assumptions for the Study

3 Executive Summary

4 Premium Insights
4.1 Microfluidic Components: Market Overview
4.2 Microfluidic Components Market: Geographic Growth Opportunities
4.3 Regional Mix: Microfluidic Components Market (2019-2024)
4.4 Microfluidic Components Market: Developed vs. Developing Markets, 2019 vs. 2024

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Demand for Point-Of-Care Testing
5.2.1.2 Technological Advancements
5.2.1.3 Increasing Focus on Data Precision and Accuracy
5.2.1.4 Fast Returns on Investments
5.2.1.5 Growing Demand for Consumer Electronics and Wearable Devices
5.2.1.6 Growing Demand for Miniature Portable Devices
5.2.2 Restraints
5.2.2.1 Complex Regulatory Approval Process
5.2.3 Opportunities
5.2.3.1 Emergence of Microfluidics-Based 3d Cell Culture
5.2.3.2 Regenerative Medicine- an Alternative To Organ Transplantation
5.2.3.3 Increasing Application Areas of Microfluidics Technology
5.2.4 Challenges
5.2.4.1 Standardization and Commercialization of Components

6 Industry Trends
6.1 Introduction
6.2 Process Automation in End-Use Industries
6.3 Emergence of Piezo-Actuated Technology
6.4 Universities Actively Generating Microfluidic Startups
6.5 Increasing Popularity of Smart Valves

7 Microfluidic Components Market, By Product
7.1 Introduction
7.2 Flow and Pressure Sensors Market
7.2.1 Increasing Application Areas in the Healthcare Industry To Drive Market Growth
7.3 Flow and Pressure Controllers
7.3.1 High Accuracy and Control Stability Make Pressure Controllers Suitable References in Fluid Measurement
7.4 Micropumps
7.4.1 Growing Demand in the Healthcare Vertical and Advantages Over Traditional Pumps Will Drive the Market
7.5 Valves
7.5.1 Solenoid Valves
7.5.1.1 Shift From Conventional Laboratory Techniques To Automated Techniques is A Key Factor in the High Adoption of Solenoid Valves
7.5.2 Flow Control Valves
7.5.2.1 Demand for Flow Control Valves is High in the Life Science Research and Laboratory Applications
7.5.3 Check Valves
7.5.3.1 Broad Range Functionality of the Check Valves To Drive Market Growth
7.5.4 Shuttle Valves
7.5.4.1 Growing Healthcare & Aerospace Industry To Propel Market Growth
7.5.5 Pressure Relief Valves
7.5.5.1 Rising Demand for Smart Valves and Growing Digitalization Have Supported Market Demand
7.5.6 Proportional Valves
7.5.6.1 Low Weight and Energy Consumption are Some Advantages of Proportional Valves
7.5.7 Other Valves
7.6 Nozzles
7.6.1 Growing Automobile Industry and Need for Better Fuel Efficiency are Boosting the Nozzles Market
7.7 Microneedles
7.7.1 Growing Demand for Safer Alternative To Conventional Hypodermic Injections has Driven Market Growth
7.8 Other Components

8 Microfluidic Components Market, By Industry
8.1 Introduction
8.2 Healthcare Industry
8.2.1 The Healthcare Industry is Estimated To Grow at the Highest CAGR of 24.9% During the Forecast Period
8.3 Aerospace & Defense Industry
8.3.1 The Increasing Requirement for Commercial, Passenger, and Military Aircrafts is Expected To Drive Market Growth
8.4 Consumer Electronics Industry
8.4.1 Growing Trends Towards Miniaturization and High Demand for Consumer Electronics is Expected To Boost Market Growth
8.5 Automotive Industry
8.5.1 Growing Production of Commercial and Passenger Vehicles To Drive Market Growth
8.7 Oil & Gas Industry
8.7.1 Increasing Research on Applications of Microfluidics in the Oil and Gas Industry To Support Market Growth
8.8 Other Industries

9 Microfluidic Components Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 Well Established Healthcare and Aerospace Industries are Contributing To US’s High Market Share
9.2.2 Canada
9.2.2.1 Growing Healthcare Industry in the Country To Drive Market Growth
9.3 Asia Pacific
9.3.1 China
9.3.1.1 Growing Industrialization and Increasing Initiatives for Infrastructural Development To Support Market Growth
9.3.2 Japan
9.3.2.1 Established Manufacturing and Automobile Sectors To Drive Market Growth
9.3.3 India
9.3.3.1 Prominent Consumer Electronics Industry To Drive the Demand for Microfluidic Components
9.3.4 Rest of Asia Pacific
9.4 Europe
9.4.1 Germany
9.4.1.1 Advanced Manufacturing Capabilities To Support Market Growth
9.4.2 France
9.4.2.1 Government Initiatives To Promote Healthcare is Likely To Boost the Adoption of Microfluidic Components in France
9.4.3 UK
9.4.3.1 High Demand for Home Healthcare and Poc Testing To Boost the Adoption of Microfluidic Components
9.4.4 Italy
9.4.4.1 Huge Aerospace and Consumer Electronics Industries To Propel the Adoption of Microfluidic Components
9.4.5 Spain
9.4.5.1 Large Pharma Industry and Improving Healthcare Infrastructure To Boost Market Growth
9.4.6 Rest of Europe
9.5 Latin America
9.5.1 High Growth Opportunities in the Manufacturing Sector To Drive Market Growth
9.6 Middle East & Africa
9.6.1 Mea Region Offers Lucrative Opportunities for Medical Device Manufacturers

10 Competitive Landscape
10.1 Overview
10.2 Market Ranking
10.2.1 Microfluidic Components Market, By Key Player, 2018
10.3 Competitive Leadership Mapping
10.3.1 Visionary Leaders
10.3.2 Innovators
10.3.3 Dynamic Differentiators
10.3.4 Emerging Companies
10.4 Competitive Situation and Trends
10.4.1 Product Launches
10.4.2 Expansions
10.4.3 Acquisitions

11 Company Profiles
11.1 Parker Hannifin Corporation
11.2 Fluigent SA
11.3 Staiger GmbH & Co. Kg
11.4 SMC Corporation
11.5 Camozzi Automation Spa Società Unipersonale
11.6 Idex Corporation
11.7 Aignep S.P.A.
11.8 FIM Valvole SRL
11.9 Humphrey Products Corporation
11.10 The LEE Company
11.11 Dolomite Microfluidics
11.12 Cellix Ltd.
11.13 Elveflow
11.14 Christian Bürkert GmbH & Co. Kg

12 Appendix
12.1 Insights of Industry Experts
12.2 Market Sizing & Validation Approach
12.3 Discussion Guide
12.4 Knowledge Store: Subscription Portal
12.5 Available Customizations
12.6 Related Reports
12.7 Author Details

List of Tables
Table 1 Microfluidic Components Market: Impact Analysis of Drivers, Restraints, Opportunities, and Challenges
Table 2 List of University Startups in the Microfluidics Market
Table 3 Microfluidic Components Market, By Product, 2017-2024 (USD Million)
Table 4 Flow and Pressure Sensors Market: Product Offerings
Table 5 Flow and Pressure Sensors Market, By Country, 2017-2024 (USD Million)
Table 6 Flow and Pressure Controllers Market: Product Offerings
Table 7 Flow and Pressure Controllers Market, By Country, 2017-2024 (USD Million)
Table 8 Micropumps Market: Product Offerings
Table 9 Micropumps Market, By Country, 2017-2024 (USD Million)
Table 10 Valves Market: Product Offerings
Table 11 Valves Market, By Type, 2017-2024 (USD Million)
Table 12 Valves Market, By Country, 2017-2024 (USD Million)
Table 13 Solenoid Valves Market, By Country, 2017-2024 (USD Million)
Table 14 Flow Control Valves Market, By Country, 2017-2024 (USD Million)
Table 15 Check Valves Market, By Country, 2017-2024 (USD Million)
Table 16 Shuttle Valves Market, By Country, 2017-2024 (USD Million)
Table 17 Pressure Relief Valves Market, By Country, 2017-2024 (USD Million)
Table 18 Proportional Valves Market, By Country, 2017-2024 (USD Million)
Table 19 Other Valves Market, By Country, 2017-2024 (USD Million)
Table 20 Nozzles Market: Product Offerings
Table 21 Nozzles Market, By Country, 2017-2024 (USD Million)
Table 22 Microneedles Market: Product Offerings
Table 23 Microneedles Market, By Country, 2017-2024 (USD Million)
Table 24 Other Components Market, By Country, 2017-2024 (USD Million)
Table 25 Microfluidic Components Market, By Industry, 2017-2024 (USD Million)
Table 26 Microfluidic Components Market for Healthcare Industry, By Country/Region, 2017-2024 (USD Million)
Table 27 Microfluidic Components Market for Aerospace and Defense Industry, By Country/Region, 2017-2024 (USD Million)
Table 28 Microfluidic Components Market for Consumer Electronics Industry, By Country, 2016-2023 (USD Million)
Table 29 Microfluidic Components Market for Automotive Industry, By Country/Region, 2017-2024 (USD Million)
Table 30 Microfluidic Components Market for Oil & Gas Industry, By Country/Region, 2017-2024 (USD Million)
Table 31 Microfluidic Components Market for Other Industries, By Country/Region, 2017-2024 (USD Million)
Table 32 Microfluidic Components Market, By Region, 2017-2024 (USD Million)
Table 33 North America: Microfluidic Components Market, By Country, 2017-2024 (USD Million)
Table 34 North America: Microfluidic Components Market, By Product, 2017-2024 (USD Million)
Table 35 North America: Microfluidic Components Market for Valves, By Type, 2017-2024 (USD Million)
Table 36 North America: Microfluidic Components Market, By Industry, 2017-2024 (USD Million)
Table 37 US: Microfluidic Components Market, By Product, 2017-2024 (USD Million)
Table 38 US: Microfluidic Components Market for Valves, By Type, 2017-2024 (USD Million)
Table 39 US: Microfluidic Components Market, By Industry, 2017-2024 (USD Million)
Table 40 Canada: Microfluidic Components Market, By Product, 2017-2024 (USD Million)
Table 41 Canada: Microfluidic Components Market for Valves, By Type, 2017-2024 (USD Million)
Table 42 Canada: Microfluidic Components Market, By Industry, 2017-2024 (USD Million)
Table 43 Asia Pacific: Microfluidic Components Market, By Country, 2017-2024 (USD Million)
Table 44 Asia Pacific: Microfluidic Components Market, By Product, 2017-2024 (USD Million)
Table 45 Asia Pacific: Microfluidic Components Market for Valves, By Type, 2017-2024 (USD Million)
Table 46 Asia Pacific: Microfluidic Components Market, By Industry, 2017-2024 (USD Million)
Table 47 China: Microfluidic Components Market, By Product, 2017-2024 (USD Million)
Table 48 China: Microfluidic Components Market for Valves, By Type, 2017-2024 (USD Million)
Table 49 China: Microfluidic Components Market, By Industry, 2017-2024 (USD Million)
Table 50 Japan: Microfluidic Components Market, By Product, 2017-2024 (USD Million)
Table 51 Japan: Microfluidic Components Market for Valves, By Type, 2017-2024 (USD Million)
Table 52 Japan: Microfluidic Components Market, By Industry, 2017-2024 (USD Million)
Table 53 India: Microfluidic Components Market, By Product, 2017-2024 (USD Million)
Table 54 India: Microfluidic Components Market for Valves, By Type, 2017-2024 (USD Million)
Table 55 India: Microfluidic Components Market, By Industry, 2017-2024 (USD Million)
Table 56 RoAPAC: Microfluidic Components Market, By Product, 2017-2024 (USD Million)
Table 57 RoAPAC: Microfluidic Components Market for Valves, By Type, 2017-2024 (USD Million)
Table 58 RoAPAC: Microfluidic Components Market, By Industry, 2017-2024 (USD Million)
Table 59 Europe: Microfluidic Components Market, By Country, 2017-2024 (USD Million)
Table 60 Europe: Microfluidic Components Market, By Product, 2017-2024 (USD Million)
Table 61 Europe: Microfluidic Components Market for Valves, By Type, 2017-2024 (USD Million)
Table 62 Europe: Microfluidic Components Market, By Industry, 2017-2024 (USD Million)
Table 63 Germany: Microfluidic Components Market, By Product, 2017-2024 (USD Million)
Table 64 Germany: Microfluidic Components Market for Valves, By Type, 2017-2024 (USD Million)
Table 65 Germany: Microfluidic Components Market, By Industry, 2017-2024 (USD Million)
Table 66 France: Microfluidic Components Market, By Product, 2017-2024 (USD Million)
Table 67 France: Microfluidic Components Market for Valves, By Type, 2017-2024 (USD Million)
Table 68 France: Microfluidic Components Market, By Industry, 2017-2024 (USD Million)
Table 69 UK: Microfluidic Components Market, By Product, 2017-2024 (USD Million)
Table 70 UK: Microfluidic Components Market for Valves, By Type, 2017-2024 (USD Million)
Table 71 UK: Microfluidic Components Market, By Industry, 2017-2024 (USD Million)
Table 72 Italy: Microfluidic Components Market, By Product, 2017-2024 (USD Million)
Table 73 Italy: Microfluidic Components Market for Valves, By Type, 2017-2024 (USD Million)
Table 74 Italy: Microfluidic Components Market, By Industry, 2017-2024 (USD Million)
Table 75 Spain: Microfluidic Components Market, By Product, 2017-2024 (USD Million)
Table 76 Spain: Microfluidic Components Market for Valves, By Type, 2017-2024 (USD Million)
Table 77 Spain: Microfluidic Components Market, By Industry, 2017-2024 (USD Million)
Table 78 RoE: Microfluidic Components Market, By Product, 2017-2024 (USD Million)
Table 79 RoE: Microfluidic Components Market for Valves, By Type, 2017-2024 (USD Million)
Table 80 RoE: Microfluidic Components Market, By Industry, 2017-2024 (USD Million)
Table 81 Latin America: Microfluidic Components Market, By Product, 2017-2024 (USD Million)
Table 82 Latin America: Microfluidic Components Market for Valves, By Type, 2017-2024 (USD Million)
Table 83 Latin America: Microfluidic Components Market, By Industry, 2017-2024 (USD Million)
Table 84 Middle East & Africa: Microfluidic Components Market, By Product, 2017-2024 (USD Million)
Table 85 Middle East & Africa: Microfluidic Components Market for Valves, By Type, 2017-2024 (USD Million)
Table 86 Middle East & Africa: Microfluidic Components Market, By Industry, 2017-2024 (USD Million)
Table 87 Microfluidic Valves Market Ranking, By Key Player, 2018
Table 88 Micropumps Market Ranking, By Key Player, 2018
Table 89 Product Launches, 2016-2019
Table 90 Expansions, 2016-2019
Table 91 Acquisitions, 2016-2019

List of Figures
Figure 1 Breakdown of Primary Interviews: By Company Type, Designations, and Region
Figure 2 Bottom-Up Approach
Figure 3 Top-Down Approach
Figure 4 Data Triangulation Methodology
Figure 5 Microfluidic Components Market, By Product, 2019 vs. 2024 (USD Million)
Figure 6 Microfluidic Components Market, By Industry, 2019 vs. 2024 (USD Million)
Figure 7 Geographical Snapshot of the Microfluidic Components Market
Figure 8 Growing Demand for Poc Testing is One of the Key Factors Driving Market Growth
Figure 9 India is Expected To Grow at the Highest CAGR During the Forecast Period
Figure 10 Asia Pacific To Grow at the Highest Growth Rate During the Forecast Period
Figure 11 Developing Markets To Register A Higher Growth Rate Between 2019 & 2024
Figure 12 Flow and Pressure Sensors Segment To Dominate the Microfluidic Components Market During the Forecast Period
Figure 13 Healthcare Industry Segment Dominated the Microfluidic Component Market in 2018
Figure 14 Passenger Traffic Carried By Scheduled Carriers From 2007-2008 To 2016-2017
Figure 15 Global Defense Expenditure (2014-2018)
Figure 16 Oil Production and Consumption Trend (2000-2016)
Figure 17 Microfluidic Components Market: Geographical Growth Opportunities
Figure 18 Figure: North America: Microfluidic Components Market Snapshot
Figure 19 Asia Pacific: Microfluidic Components Market Snapshot
Figure 20 Europe: Microfluidic Components Market Snapshot
Figure 21 Microfluidic Components Market: Competitive Leadership Mapping (2018)
Figure 22 Parker Hannifin Corporation: Company Snapshot (2018)
Figure 23 SMC Corporation: Company Snapshot (2018)
Figure 24 Idex Corporation: Company Snapshot (2018)

Note: Product cover images may vary from those shown
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  • Aignep S.P.A.
  • Camozzi Automation Spa Società Unipersonale
  • Cellix Ltd.
  • Christian Bürkert GmbH & Co. Kg
  • Dolomite Microfluidics
  • Elveflow
  • FIM Valvole SRL
  • Fluigent SA
  • Humphrey Products Corporation
  • Idex Corporation
  • Parker Hannifin Corporation
  • SMC Corporation
  • Staiger GmbH & Co. Kg
  • The LEE Company
Note: Product cover images may vary from those shown
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