The Global Mass Flow Controllers (MFC) Market report includes a global opportunity analysis and industry forecasts for the period 2023-2032. The global market was estimated at USD 967.34 Million in 2022, registering a CAGR of 2.80% from 2023 to 2032. The base year considered for the study is 2022, and the forecast has been provided for the period 2023 to 2032.
Market Dynamics
Mass Flow Controllers (MFC) Market is expected to promise high growth owing to the increasing demand for MFCs in medical fluids for space applications in recent years. Increasing demand from End-Use Industries / Applications including spray & coating processes, fluid and gas processing & control, catalyst research, gas chromatography, heat treating, fuel cell, solar cell is expected to drive the growth of mass flow controllers (MFC) market. This market has witnessed several key developments by major companies including Brooks, Vogtlin, Burkert Fluid Control Systems, Sierra, Tokyo Keiso, Teledyne Hastings, MKS, Horiba, Alicat Scientific, Parker Hannifin, Bronkhorst High-tech, and Sensirion with focus on organic as well as inorganic growth strategies. Developing regions including the Asia Pacific and the Middle East have been among the high potential markets with high growth in some of the key economies. A Mass Flow Controller (MFC) is a device used to measure and control the flow of liquids and gases. An MFC is designed and calibrated to control a specific type of liquid or gas at a particular range of flow rates.
Developing interest in MFCs in the semiconductor industry and surging interest for intelligent flow meters in chemicals, and water and wastewater industries are critical components driving the growth of the mass flow controllers market.
Key Factors Impacting Market Growth:
- The requirement for MFCs for various businesses and medical applications
- High demand for MFCs in fuel cells for recyclable energy applications
- Increasing interest towards MFCs in medical fluids for space application
- Differential pressure limitation
Regional Outlook:
The regional outlook for the mass flow controllers market provides detailed information for markets including North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World. North America and Western Europe are estimated to be key regions for the mass flow controllers market during the forecast period. Being one of the industrialized regions, the energy & power sector is key to the operations of various industries in this region. This is one of the important factors governing the growth of the mass flow controllers market in these regions. Some of the major countries covered in this region include the US, Germany, UK, France, Italy, Canada, and so on.
The Asia Pacific is estimated as one of the fastest-growing regions for the mass flow controllers market during the forecast period. Some of the fastest-growing economies and increasing demand for energy & power to cater to high population & industries is expected to drive the demand in this region. China and India are projected to register major demand during the forecast period. Middle East that includes UAE, Saudi Arabia, Iran, Qatar, and others promises high market potential during the forecast period. Rest of the World including South America and Africa are emerging regions in terms of market demand during the forecast period.
Companies Covered: Brooks, Vogtlin, Burkert Fluid Control Systems, Sierra, Tokyo Keiso, Teledyne Hastings, MKS, Horiba, Alicat Scientific, Parker Hannifin, Bronkhorst High-tech, and Sensirion…
Market Segmentation:
By Product:
- Thermal Mass Flow Meter
- Differential Pressure Flow Meter
- Coriolis Mass Flow Meter
By Flow Rate:
- High
- Medium
- Low
By Material:
- Stainless Steel
- Exotic Alloys
- Others (Iron, Brass, Bronze)
By Application:
- Spray & Coating Processes
- Fluid and Gas Processing & Control
- Catalyst Research
- Gas Chromatography
- Heat Treating
- Fuel Cell
- Solar Cell
By End-Use Industry:
- Chemicals
- Oil & Gas
- Pharmaceuticals
- Metals & Mining
- Semiconductor
- Water & Wastewater Treatment
- Food & Beverages
Regional Coverage:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Russia
- UK
- France
- Italy
- Spain
- The Netherlands
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Indonesia
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
- South America
- Brazil
- Argentina
- Colombia
- Rest of South America
Years Covered in the Study:
Historical Year: 2019, 2020, 2021
Base Year: 2022
Estimated Year: 2023
Forecast Year: 2023-2032
Reasons To Buy This Report:
- Market size estimation of the mass flow controllers market on regional and global basis
- Unique research design for market size estimation and forecast
- Profiling of major companies operating in the market with key developments
- Broad scope to cover all the possible segments helping every stakeholder in the market
Customization:
We provide customization of the study to meet specific requirements:
- By Segment
- By Sub-segment
- By Region/Country
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