Mass Flow Controller Market Growth Opportunities, Revenue and after COVID 19 analysis and - Forecasts from 2020 to 2023
Mass flow controller continue find tremendous industrial application. Market Research Future (MRFR) projects that the global mass flow controller market will continue to exhibit a steady growth over the next couple of years. Advances in technology has led to the development of more effective mass flow controller. Modern controllers are automated and require minimum human intervention.
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Mass flow controller remains the mainstream technology for controlling flow of gaseous substance in industrial settings. Mass flow controller measuring is primarily classified into mass flow and volumetric flow, which continues to be an effective way of measuring. Mass flow controllers are being used in an array of industrial settings. These controllers ensure a degree of safety and are becoming indispensable to modern industries having automated production line.
Installation of such controllers is also on the rise owing to stringent labour safety regulations. Liquid pilot plants, chemical and petrochemical are among the major end-use vertical of mass flow controllers. They are also imperative in biopharmaceutical bioreactors, facilities that manufacture semiconductors, led manufacturing plants among others.
Over the years, mass flow controllers have gone through several phases of technological transformation. Manufacturers remain focused on new product launch and collaborations. This is creating new avenues for market players. Market players are implementing both organic and inorganic growth strategies to consolidate their market position.
Global Mass Flow Controller Market: Competition Analysis
MRFR in its report has profiled some of the leading market players namely Brooks (U.S.), Teledyne Hastings (U.S.), Sensirion (Switzerland), MKS (U.S.), Bronkhorst (Netherlands), Sierra (U.S.), HORIBA (Japan), Alicat Scientific (U.K), and Burkert (Germany). The market has become highly competitive over the years. Market players are actively focusing on areas such areas such as product innovation, new product development and R&D. Aggressive strategies are being implemented by market players to gain a competitive edge over other contender and further solidify their market position.
Global Mass Flow Controller Market: Segmental Analysis
MRFR report includes a detailed segmental analysis of the market based on flow measurement, connectivity technology, material type, connection type, application and region.
Based on flow measurement, the market has been segmented into high, medium and low. There has been a sharp rise in demand for low flow rate mass flow controller owing to their increase application in the pharmaceuticals industry.
Based on connectivity technology, the market has been segmented into Profibus, Ethercat, Modbus TCPIP¸ analog, Ethernet, RS-485 and others. Based on material type, the market has been segmented into exotic alloys and stainless steel. Based on connection type, the market has been segmented into indirect and direct. Based on application, the market has been segmented into petroleum, food and beverages, water and waste treatment, semiconductor, chemical and oil &gas
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Global Mass Flow Controller Market: Regional Analysis
The market has been covered across North America, Asia Pacific (APAC), Latin America, Europe, and the Middle East & Africa (MEA). APAC is the largest market for mass flow controller and is expected to retain its position over 2023. Rapid industrial growth in countries such as China and India has bolstered the demand for various types of industrial equipment in the region, including mass flow controller. These countries have emerged important business destinations. It is projected that the APAC mass flow controller market will post the highest CAGR during the assessment period.
North America is expected to remain one of the most attractive markets for mass flow controller. North America is led by the U.S., which is home to a large number of industries that present attractive application opportunities. In the U.S. the petrochemical sector and pharmaceutical sector post a standout demand for mass flow controller.
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