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.
Besides, the presence of key pharmaceutical manufacturers in Europe is as well touted to be among the major factors propelling the growth of the mass flow controller market size across the region.
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As per a report from the EFPI Association, pharmaceutical companies from Europe made R&D investments amounting to approximately USD 45,363 million in the year 2019, recording a year-on-year growth of 3%. While the mass flow controller industry in Europe is projected to register a CAGR of 5% over 2021 and 2027, the upsurge can be attributed to the rising focus of manufacturers comprising Novo Nordisk, Pfizer, Inc., AstraZeneca, and others on high-volume manufacturing of vaccines and drugs for the treatment of numerous diseases.
Over years, such advancements have not only helped in boosting industry competition but have also augmented the global mass flow controller industry size, which is anticipated to exceed a valuation of USD 1.5 billion through 2027.
Mass flow controller market – prospects of expansion from Coriolis mass flow meters:
The mass flow controller industry from Coriolis mass flow meters recorded a revenue of more than 10% of the overall market valution in 2020. The segment is slated to grow at a lucrative CAGR of 3.5% between 2021 and 2027.
This growth is chiefly ascribed to a number of factors including their ability to exhibit exceptional features like high reliability, low leakage rate, precision flow monitoring, and more. Additionally, these meters also offer high performance in altering operating conditions comprising fluid density, temperature, pressure, and viscosity
Not to mention, intrinsic steps undertaken by several mass flow controller producers is also supporting the transforming business trends over a while now. For instance, in September 2020, Alicat Scientific rolled out a new CODA lineup of Coriolis mass flow meters and controllers that provide high precision measurements in environments with extme pressure and temperature.
How will RS-485 mass flow controllers add commendable value to the mass flow controller market share?
RS-485 mass flow controllers accounted for more than 15% of the overall industry value in 2020. The revenue generated from the segment is expected to depict a CAGR of more than 7% over 2021-2027. RS-485 connectivity technology provides high transmission speed of up to 10Mbit/sec. The technology offers faster response time by enabling the connectivity of multiple devices over a single framework.
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Along with that, numerous industry participants are emphasizing on the incorporation of RS-485 technology into their product portfolios for maintenance of market position. To cite an instance, in October 2019, MKS Instruments, Inc., introduced C-Series mass flow controllers that are integrated with RS-485 interface. These controllers provide ultra-fast response time of less than 100 milliseconds and have applications in industrial as well as biopharmaceutical sectors.
In a nutshell, multiple high-end mechanical properties of mass flow controllers comprising high resistance to corrosion, oxidation, and deformation under extreme temperatures and pressure will bolster the mass flow controller market size through the assessment period.
Table of Contents (ToC) of the report:
Chapter 1 Methodology and Scope
1.1 Scope & definition
1.2 Methodology & forecast
1.3 Data Sources
1.3.1 Primary
1.3.2 Secondary
Chapter 2 Executive Summary
2.1 Mass flow controller market 3600 synopsis, 2016 - 2027
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Material type trends
2.1.4 Flow rate trends
2.1.5 Product type
2.1.6 Connectivity technology trends
2.1.7 Industry vertical trends
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