Market Research Report
Mass Flow Controller Market Size, By Material Type, Flow Rate, Product Type, Connectivity Technology, Industry Vertical, COVID19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 - 2027
|Mass Flow Controller Market Size, By Material Type, Flow Rate, Product Type, Connectivity Technology, Industry Vertical, COVID19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 - 2027|
Published: May 14, 2021
Global Market Insights Inc.
Content info: 280 Pages
Delivery time: 2-3 business days
The mass flow controller market is estimated to witness profitable growth by 2027, expanding at a notable CAGR through the study timeframe. Mass flow controllers offer flexible system integration as well as favorable measuring accuracy and flow control, which is expected to fuel industry outlook through the forecast period.
The mass flow controller market has been segmented on the basis of material type, product type, flow rate, connectivity technology, industry verticals, and region.
In terms of connectivity technology, the market has been divided into Analog, Profibus, RS-485, EtherCAT, Modbus RTU, Profinet, Ethernet/IP, DeviceNet, and Foundation Fieldbus.
The Profibus sub-segment is projected to observe significant growth at a CAGR of over 5% through the analysis period. The technology's flexible system integration in mass flow controllers is expected to increase product demand among system integrators/OEMs.
For instance, in September 2020, Burkert, a key player in the fluid control systems space, introduced its mass flow controllers (MFC) and mass flow meters (MFM) Type 8742 and Type 8746 integrated with standard signal interfaces in addition to its existing buS/CANopen variant of the products.
The new products, which are integrated with PROFIBUS DP, offer more options and flexibility to OEMs in planning their plants. Moreover, these products also promise very high dynamics, measuring accuracy, and optimum response and setting times.
From the perspective of industry verticals, the mass flow controller market has been bifurcated into oil & gas, pharmaceutical, food & beverage, healthcare & life sciences, chemical, water & wastewater treatment, semiconductor, and others.
The oil & gas sub-segment is estimated to account for over 10% share in the market revenue by 2027 driven by the rising government initiatives to improve oil & gas infrastructure.
Mass flow controllers automatically control the flow rate of gases as per a certain flow rate transmitted as an electric signal without getting affected by use conditions or gas pressure modifications. Thus, the ability of mass flow controllers to maintain accurate gas flow is speculated to support market demand in the oil and gas sector through the assessment timeframe.
In the regional landscape, the Latin America market is anticipated to observe considerable market growth between 2021 and 2027, delivering a CAGR of around 3% through the forecast period.
Regional growth in the is expected to be facilitated by the surging market adoption across several end-use industries over the projected timeframe.
In May 2021, Clippard, a manufacturer of miniature fluid control solutions, released the Cordis flow controller.
The mass flow controller utilizes a MEMS technology sensor upstream and also provides an option for a DR-2 regulator to offer accurate pressure control in a small package.
The Cordis flow controller, unlike other mass flow controllers that need 30-minute warm-up time, takes less than one minute of warm-up time. Moreover, it offers a pressure drop of ≤14 in H2O and can adapt to various sensors that can close the loop around flow.