Mass Flow Controller Market: Outlook, Opportunity and Demand Analysis, Forecast 2021- 2027
A detailed analysis of the mass flow controller market is entailed in this research report. The driving forces responsible for propelling the growth graph of this vertical in addition to the regional and competitive trends are mentioned in the study. A comprehensive document comprising details about vital parameters such as the industry ecosystem analysis, market segmentation, and the vendor matrix, the market report also contains information on the pivotal industry insights for core players to look out for.
The global mass flow controller market is currently transforming at an unprecedented pace. Thanks to the increasing efforts put forth by various industry participants towards product developments. One of these developments comprise the augmentation of Burkert’s Type 8742/46 range of mass flow controllers/meters for gas applications in October 2020. Equipped with analogue communications onboard, the product range comprises an alternative with the direct integration of PROFIBUS-DP.
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The growth is attributed to various strategic initiatives, like new product launches, taken by key market players to expand their business. For instance, MKS Instruments unveiled its next-gen C-Series mass flow controllers in October 2019. This product offers a response time of less than 100 milliseconds.
In another instance, in September 2020, Alicat Scientific announced a new series of Coriolis mass flow controllers that are capable of providing precise measurements under extreme pressure and temperature environments.
Mass flow controllers with high flow rate are extensively used across water & wastewater treatment and oil & gas industries. These controllers offer salient features like wide measurement range, high accuracy, and exceptional repeatability.
Owing to this, the high flow rate controllers acquired around 20% of the market share in 2020 and is anticipated to register a substantial growth rate over the coming years.
Coriolis mass flow meters are highly reliable, precise in monitoring gaseous and liquid flows, and can achieve a low rate of leakage. In addition, these meters are supremely vigorous and can function at optimum levels under extreme conditions such as fluid density, viscosity, pressure, and temperature. Owing to this, the Coriolis meter accounted for a 10% market share in 2020 and is anticipated to grow at a CAGR of 3.5% over the projected timespan.
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Mass flow controllers are being increasingly adopted by key pharmaceutical companies across Europe for producing higher volumes of drugs and vaccines for a variety of diseases. Pharmaceutical companies have further increased their production with heavy investments in research & development activities. As per the 2019 EFPI Association data, pharmaceutical companies across Europe made investments of over USD 45,363 million for research & development activities. Driven by all these factors, Europe mass flow controller market is set to record a CAGR of 5% through 2027.
Major Key Points from Table of Content:
Chapter 5 Mass Flow Controller Market, By Material Type (Revenue, Shipment)
5.1 Key trends, by material type
5.2 Stainless steel
5.2.1 Mass flow controller market estimates and forecast, 2016 - 2027
5.3 Exotic alloys
5.3.1 Market estimates and forecast, 2016 - 2027
Chapter 6 Mass Flow Controller Market, By Flow Rate (Revenue, Shipment)
6.1 Key trends, by flow rate
6.2 Low flow rate
6.2.1 Market estimates and forecast, 2016 - 2027
6.3 Medium flow rate
6.3.1 Market estimates and forecast, 2016 - 2027
6.4 High flow rate
6.4.1 Market estimates and forecast, 2016 - 2027
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