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Mass Flow Controllers - Global Market Trajectory & Analytics

  • ID: 4805228
  • Report
  • February 2022
  • Region: Global
  • 564 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Alicat Scientific, Inc.
  • Axetris AG
  • Azbil Corporation
  • Bronkhorst High-Tech BV
  • Brooks Instrument, LLC
  • Horiba, Ltd.

Global Mass Flow Controllers Market to Reach $1 Billion by 2026


Mass flow controller is a mechanical device intended to automatically control the flow rate of liquids and gases as per a set flow rate transmitted as an electric signal, without being affected by changes in application conditions such as pressure and temperature. Growth in the global market is set to be fueled by rising adoption in end-use industries. Expected rise in adoption of micro flow controller devices in space applications, increasing focus on micro-technology and in measuring very low flow rates in various areas including science and engineering are likely to augment the demand. In addition to witnessing growing penetration in the renewable energy sector, these devices are expected to gain from increasing awareness about benefits of mass flow controllers in various semiconductor applications. The market is also slated to benefit from growing incorporation of these controllers in various medical devices like inhalers, oxygen concentrators and insufflators. Other prominent factors likely to drive the market growth include anticipated increase in vehicle demand along with rise in investments in water and wastewater treatment and continuous emission monitoring systems.

Amid the COVID-19 crisis, the global market for Mass Flow Controllers estimated at US$804.3 Million in the year 2020, is projected to reach a revised size of US$1 Billion by 2026, growing at a CAGR of 4.3% over the analysis period. Coriolis Mass Flow Meter, one of the segments analyzed in the report, is projected to record a 4.3% CAGR and reach US$594.6 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Differential Pressure Flow Meter segment is readjusted to a revised 4.6% CAGR for the next 7-year period. Coriolis flowmeters provide several advantages compared to the traditional flowmeters in terms of include reliability, accuracy, repeatability, and resistance of moving parts to pressure drops and wear. Differential pressure flow meters rely on an obstruction like a disc with a small orifice placed in laminar flow region to measure fluid pressure. They are suitable for applications with consistent fluid viscosity and stable temperature.



The U.S. Market is Estimated at $110 Million in 2021, While China is Forecast to Reach $244.8 Million by 2026


The Mass Flow Controllers market in the U.S. is estimated at US$110 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$244.8 Million by the year 2026 trailing a CAGR of 5.1% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 3.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR. China and Asia-Pacific constitute the major market for mass flow controllers, due to widespread industrial activity and governmental emphasis on industrial growth. The market growth is likely to be further augmented by rising adoption in the automotive industry to reduce energy usage of vehicles. The regional market is also poised to gain from expansion of the semiconductor and pharmaceutical industries along with projects such as the National Mission for Clean Ganga in India. The US is predicted to post strong growth due to technological advancements and increasing applications across the medical and healthcare industries.

Thermal Mass Flow Meter Segment to Reach $161.9 Million by 2026


Thermal mass flow meters represent advanced devices intended to measure gas mass flow rate on the basis of convective heat transfer between a heated surface and flowing liquid. They are extensively employed in a broad range of industrial applications to control and monitor mass-based processes including chemical reactions depending on relative mass of unreacted ingredients like material balance determinations, recipe formulations and billing or custody transfer. In the global Thermal Mass Flow Meter segment, USA, Canada, Japan, China and Europe will drive the 3.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$90.6 Million in the year 2020 will reach a projected size of US$116 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$35.3 Million by the year 2026, while Latin America will expand at a 4% CAGR through the analysis period.

Select Competitors (Total 74 Featured) -

  • Aalborg Instruments & Controls, Inc.
  • Alicat Scientific, Inc.
  • Axetris AG
  • Azbil Corporation
  • Bronkhorst High-Tech BV
  • Brooks Instrument, LLC
  • Christian Bürkert GmbH & Co. KG
  • Horiba, Ltd.
  • MKP Co., Ltd.
  • MKS Instruments Inc.
  • Parker Hannifin Corporation
  • Sensirion AG
  • Teledyne Hastings Instruments
  • Tokyo Keiso Co. Ltd.
  • Vögtlin Instruments GmbH
Frequently Asked Questions about the Global Market for Mass Flow Controllers

What is the estimated value of the Global Market for Mass Flow Controllers?

The Global Market for Mass Flow Controllers was estimated to be valued at $804.3 Million in 2020.

What is the growth rate of the Global Market for Mass Flow Controllers?

The growth rate of the Global Market for Mass Flow Controllers is 3.7%, with an estimated value of $1000.0 Million by 2026.

What is the forecasted size of the Global Market for Mass Flow Controllers?

The Global Market for Mass Flow Controllers is estimated to be worth $1000.0 Million by 2026.

Who are the key companies in the Global Market for Mass Flow Controllers?

Key companies in the Global Market for Mass Flow Controllers include Aalborg Instruments & Controls, Inc., Alicat Scientific, Inc., Axetris AG, Azbil Corporation, Bronkhorst High, Tech BV, Brooks Instrument, LLC, Christian Bürkert GmbH & Co. KG and MKP Co., Ltd..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Alicat Scientific, Inc.
  • Axetris AG
  • Azbil Corporation
  • Bronkhorst High-Tech BV
  • Brooks Instrument, LLC
  • Horiba, Ltd.

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • COVID-19 Crisis to Trigger Weakness into the Mass Flow Controllers Market in the Immediate Term
  • As Industrial Output Shrinks Amid the COVID-19 Pandemic, Industrial Supplies & Accessories Value Chain Feels the Pain
  • Global Chemical Output Growth Between Dec-2019 to May-2020 (In %)
  • COVID-19 Pandemic Set to Dent Economic Growth Across All Regions, Derailing the Market Momentum Temporarily
  • World Economic Growth Projections (Real GDP, annual % Change) for 2019, 2020 & 2021
  • An Introduction to Mass Flow Controllers
  • Long-Term Prospects for Mass Flow Controllers Remain Progressive
  • While Developing Regions Remain Major Consumers, Developed Regions Continue to Offer Growth Opportunities
  • World Mass Flow Controllers Market by Region (2020 & 2027): Percentage Breakdown of Revenues for Developed and Developing Regions
  • Global Mass Flow Controllers Market - Geographic Regions Ranked by Value CAGR for 2020-2027: China, Asia-Pacific, Latin America, Middle East, Africa, USA, Canada, Europe, and Japan
  • Analysis by Product: Coriolis Mass Flow Meter - Major Product Type
  • Differential Pressure Flow Meters: Fastest Growing Product Category
  • Thermal Mass Flow Meters Remain Critical to Industrial Applications
  • Material Type: Stainless Steel, The Primary Material for Mass Flow Controller
  • Exotic Alloys Seek Role in Fabrication of Mass Flow Controller
  • Mass Flow Controllers - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Competitive Scenario
  • Product Development and Launch Remains Key Strategy for Companies
  • Recent Market Activity
  • Brands in Select Regions

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Operational & Technical Benefits to Support Future Growth in the Mass flow controllers Market
  • Industry Approvals Vital to Future Expansion of the Market
  • Fast Evolving Role of Industry 4.0 & Smart Factory to Steer Future Expansion
  • Global Investments on Industry 4.0 Technologies (in US$ Billion) for the Years 2017, 2020, & 2023
  • Sustained Emphasis on Industrial Automation Augurs Well for Market Expansion
  • Despite Sharp Decline in Demand Due to COVID-19 Crisis, Semiconductors to Remain Major End-Use Sector Over the Analysis Period
  • Critical Importance of Accurate Flow Measurements in Chemicals Industry Bodes Well in Long Term
  • Key Applications for Mass Flow Controllers in Chemical Plants
  • Robust Opportunities Identified in Pharmaceuticals Sector
  • Rush for Ventilators in COVID-19 Care Settings Creates Fresh Opportunities
  • Favorable Long-Term Forecasts for Oil & Gas Sector Instill Market Optimism
  • A Review of Key Applications for Mass flow controllers in Oil & Gas Sector
  • Food & Beverage Industry Remains a Key End-Use Sector
  • Key Applications in Food & Beverage Industry
  • Mass Flow Controllers Gain Traction in Water & Wastewater Treatment Programs
  • Innovations & Advancements Accelerate Growth in Mass flow controllers Market
  • Advances in Flowmeter Technology Spur Development of Mass Flow Controllers with New Generation Capabilities
  • New Diagnostic Tools Enable Real-Time Verification of Coriolis Flowmeters and Increase Efficiency in Asset Maintenance
  • Emergence of Large Line Size Coriolis Flowmeters for Bulk Fluid Transfer Applications
  • Two-Wire Devices Better Coriolis Flow Meter Functionality
  • Innovations from Select Companies

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Mass Flow Controllers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)

CANADA

JAPAN

  • Mass Flow Controllers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Mass Flow Controllers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)

EUROPE

  • Mass Flow Controllers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)

FRANCE

  • Mass Flow Controllers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Mass Flow Controllers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Mass Flow Controllers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Mass Flow Controllers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

AUSTRALIA

  • Mass Flow Controllers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Mass Flow Controllers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Mass Flow Controllers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Mass Flow Controllers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

AFRICA

  • Mass Flow Controllers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 74
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Aalborg Instruments & Controls, Inc.
  • Alicat Scientific, Inc.
  • Axetris AG
  • Azbil Corporation
  • Bronkhorst High-Tech BV
  • Brooks Instrument, LLC
  • Christian Bürkert GmbH & Co. KG
  • Horiba, Ltd.
  • MKP Co., Ltd.
  • MKS Instruments Inc.
  • Parker Hannifin Corporation
  • Sensirion AG
  • Teledyne Hastings Instruments
  • Tokyo Keiso Co. Ltd.
  • Vögtlin Instruments GmbH
Note: Product cover images may vary from those shown