Microfluidic Components Market

Microfluidic Components Market by Product (Valve, Solenoid Valve, Check Valve, Nozzle, Tubing, Micropump, Microneedle, Shuttle Valve), Industry (Automotive, Aerospace & Defense, Healthcare, Consumer Electronics, Oil & Gas) - Global Forecast to 2024

Report Code: MD 7120 May, 2019, by marketsandmarkets.com

[172 Pages Report] The global microfluidic components market is projected to reach USD 53.7 billion by 2024 from USD 21.6 billion in 2019, at a CAGR of 20.0%. Growth in this market is driven by the growing demand for smart and intelligent flowmeters, sensors, and advanced pumps in high-end industries; technological advancements; increasing focus on data precision and accuracy; and the growing demand for miniature portable devices.

Microfluidic Components Market

The valves segment is expected to account for the largest share of the microfluidic components market in 2019

Valves are expected to be the largest revenue contributor to the microfluidic components market in 2019. The large share of this segment can be attributed to the diverse functionality of valves in various industrial sectors and the increasing automation across all industries.

Solenoid valves segment is expected to grow at a higher CAGR

Based on valve type, the microfluidic components market is segmented into solenoid valves, flow control valves, check valves, shuttle valves, pressure relief valves, proportional valves, and other valves. Solenoid valves are expected to grow at the highest CAGR during the forecast period due to factors like increased application scope in the automotive industry, the shift towards renewable sources for power generation, growing investments in various industries, and increasing government regulations on end-use industries across developing economies.

The oil & gas segment is expected to account for the largest share of the microfluidic components market in 2019

The oil & gas industry segment accounted for the largest share of the market in 2019. Factors like the growing demand for maintenance of refineries and the increasing number of oil explorations across the world are responsible for the large share of this market.

Microfluidic Components Market

The Asia Pacific region is expected to grow at the highest rate in the microfluidic components market in 2019

The microfluidic components market in the Asia Pacific is estimated to grow at the highest CAGR during the forecast period. Increasing industrialization, investments in water infrastructure, growth in various industries (such as chemicals, power & energy, and aerospace), increasing number of infrastructural development projects (especially in China and India), rising standard of living, and growing urbanization are factors driving the adoption of microfluidic components in the Asia Pacific.

Key market players

The prominent players in the global microfluidic components market are Parker Hannifin Corporation (US), Vesta Automation Srl (Italy), Staiger GmbH & Co. KG (Germany), Metal Work S.p.A. (Italy), Camozzi Automation Spa Societΰ Unipersonale (Italy), Fortive Corporation (US), Aignep s.p.a. (Italy), International Polymer Solutions (US), FIM Valvole Srl (Italy), Humphrey Products Corporation (US), The Lee Company (US), and Dolomite Microfluidics (UK).

Parker Hannifin Corporation

Parker Hannifin is a leading manufacturer of motion & control technologies and systems that provide precision-engineered solutions for the commercial, mobile, industrial, and aerospace markets. The company has engineering expertise in a broad range of core technologies, which helps it to solve various engineering challenges. The company has a strong geographical presence and sells its products across the globe. To expand its territorial reach, the company sells its products in Asia and the Middle East through its strong distribution network. It focuses on various strategies like product launches and enhancements to increase its revenue and expand its presence in the market. Parker designs, manufactures, and supports a full line of valves, electrical components, value-added assemblies, and other components. Its diverse range of products makes Parker the leading supplier of solenoid valve assemblies and systems that meet and exceed market demands. The company provides standard products, as well as custom products, which are engineered and produced to original equipment manufacturers' specifications for application to particular end products. Both standard and custom products are also used in the replacement of original products.

Fortive Corporation

Fortive is a diversified industrial company that designs, develops, manufactures, and markets professional and engineered products, software, and services for a range of end markets. Since its separation from Danaher Corporation in 2016, it operates as an independent, publicly traded company. The company offers microfluidic components through its wholly owned subsidiary, Gems Sensors & Controls, which manufactures a diverse portfolio of liquid-level, flow & pressure switches, sensors & transducers, miniature solenoid valves, and pre-assembled fluidic systems. Fortive has established itself as a well-known brand with expertise in advanced instrumentation solutions, transportation technology, sensing, and franchise distribution markets. It monitors the operating markets and industries to identify opportunities for innovation and thereby broaden its product portfolio. Fortive focuses on building its brand furthermore with increasing its geographical reach. The company continues to invest in R&D activities to update, enhance, and improve its offerings. During the years ended December 31, 2018, 2017, and 2016, its gross R&D expenditure was USD 414.3 million, USD 369.3 million, and USD 351.0 million, respectively.

Metal Works S.p.A.

It provides specialized pneumatic components for automation systems. It is one of the leaders in pneumatic fittings and currently markets different products such as actuators, valves, FRL units, fittings, and handling components. The company offers customized products suitable for specific applications helping customers to get the maximum output or productivity. Its products are distributed through 45 branches in Italy and abroad. It has 14 trading companies located in countries like Ukraine, Russia, and Switzerland. The company focuses on increasing its share in markets outside Italy. Working towards this goal, the company already has its distribution offices located in Southeast Asia, Oceania, China, and India that handle the trading of its products to the rest of the world. Moreover, in 2017, the company started its operations in newly launched subsidiaries in Indonesia, Romania, and South Africa, which increased its geographical presence. Also, the company closely monitors the US market office to find opportunities to increase its direct market share by acquiring complementary companies that can distribute its new products.

Recent developments

  • In 2018, Parker launched P33, a safety exhaust valve.
  • In 2018 Parker Aerospace, a business segment of Parker Hannifin Corporation, opened its second global Customer Response Center (CRC) in Singapore, with the aim to provide more local insights and potentially faster resolution of issues.
  • In 2018, Parker launched a Low-Lead Brass body (LLB) series of solenoid valves.
  • In 2017, Metal Work started operations in its new subsidiary in Indonesia, Romania, and South Africa.

Critical questions the report answers:

  • Where will all these developments take the industry in the medium to long-term?
  • What are the application areas of the microfluidic components market?
  • Which are the major microfluidic components?
  • Which geographies are likely to grow at the highest CAGR?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Approach
           2.1.1 Secondary Research
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Research
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primaries
                    2.1.2.3 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Data Triangulation Approach
    2.4 Market Players Ranking Analysis
    2.5 Assumptions for the Study

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 30)
    4.1 Microfluidic Components: Market Overview
    4.2 Microfluidic Components Market: Geographic Growth Opportunities
    4.3 Regional Mix: Microfluidic Components Market (2019–2024)
    4.4 Microfluidic Components Market: Developed vs Developing Markets, 2019 vs 2024

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growing Demand for Smart and Intelligent Flowmeters, Sensors, and Advanced Pumps in High-End Industries
                    5.2.1.2 Technological Advancements
                    5.2.1.3 Increasing Focus on Data Precision and Accuracy
                    5.2.1.4 Growing Demand for Miniature Portable Devices
           5.2.2 Restraints
                    5.2.2.1 Technical Problems Associated With Solenoid Valves
                    5.2.2.2 Lack of Standardized Certifications and Government Policies
                    5.2.2.3 Adoption of Smaller Engines By Oems in the Automotive Industry
           5.2.3 Opportunities
                    5.2.3.1 Need for Constant Replacement of Valves
                    5.2.3.2 Rising Number of Refineries and Petrochemical Plants
                    5.2.3.3 Increasing Application Areas of Microfluidics Technology
           5.2.4 Challenges
                    5.2.4.1 Standardization and Commercialization of Components

6 Industry Trends (Page No. - 40)
    6.1 Introduction
    6.2 Process Automation in End-Use Industries
    6.3 Emergence of Piezo-Actuated Technology
    6.4 Increasing Popularity of Smart Valves

7 Microfluidic Components Market, By Product (Page No. - 42)
    7.1 Introduction
    7.2 Valves
           7.2.1 Solenoid Valves
                    7.2.1.1 Shift Towards Renewable Sources for Power Generation and Increased Application Areas in the Automotive Industry
           7.2.2 Flow Control Valves
                    7.2.2.1 Demand for Flow Control Valves is High in the Oil & Gas and Sub-Sea Applications
           7.2.3 Check Valves
                    7.2.3.1 Broad Application Areas of Check Valves to Drive Market Growth
           7.2.4 Shuttle Valves
                    7.2.4.1 Growing Oil & Gas Industry is Likely to Propel Market Growth
           7.2.5 Pressure Relief Valves
                    7.2.5.1 Rising Demand for Smart Valves and Growing Digitalization have Supported Market Demand
           7.2.6 Proportional Valves
                    7.2.6.1 Low Weight and Energy Consumption are Some Advantages of Proportional Valves
           7.2.7 Other Valves
    7.3 Micropumps
           7.3.1 Growing Demand in the Healthcare Vertical and Advantages Over Traditional Pumps Will Drive the Market
    7.4 Nozzles
           7.4.1 Increasing Automobile Industry Growth and Need for Better Fuel Efficiency are Boosting the Nozzles Market
    7.5 Pressure Controllers
           7.5.1 High Accuracy and Control Stability Make Pressure Controllers Suitable References for Production Lines and Labs
    7.6 Microneedles
           7.6.1 Growing Demand for Safer Alternative to Conventional Hypodermic Injections has Driven Market Growth
    7.7 Connectors
           7.7.1 Industrial and Agricultural Sectors to Show Highest Demand for Connectors
    7.8 Tubing
           7.8.1 High Demand in End-User Industries and Will Drive Market Growth
    7.9 Other Components

8 Microfluidic Components Market, By Industry (Page No. - 67)
    8.1 Introduction
    8.2 Oil & Gas Industry
           8.2.1 Increasing Demand for the Maintenance of Refineries is Expected to Support Market Growth of Smart Valves
    8.3 Healthcare Industry
           8.3.1 The Healthcare Industry is Estimated to Grow at the Highest CAGR of 24.9% During the Forecast Period
    8.4 Aerospace & Defense Industry
           8.4.1 The Increasing Requirement for Commercial, Passenger, and Military Aircrafts is Expected to Drive Market Growth
    8.5 Consumer Electronics Industry
           8.5.1 Growing Trends Towards Miniaturization and High Demand for Consumer Electronics is Expected to Boost Market Growth
    8.6 Automotive Industry
           8.6.1 Growing Demand for Electric Vehicles to Drive Market Growth
    8.7 Other Industries

9 Microfluidic Components Market, By Region (Page No. - 80)
    9.1 Introduction
    9.2 North America
           9.2.1 US
                    9.2.1.1 Upgrading of Existing Facilities and High Investments in Industry Verticals to Support Market Growth
           9.2.2 Canada
                    9.2.2.1 Growing Healthcare and Oil & Gas Industries in the Country to Drive Market Growth
    9.3 Asia Pacific
           9.3.1 China
                    9.3.1.1 Growing Industrialization and Increasing Demand for Infrastructural Development to Support Market Growth
           9.3.2 Japan
                    9.3.2.1 Growth of the Manufacturing Sector and the Increasing Demand for Automobiles to Drive Market Growth
           9.3.3 India
                    9.3.3.1 Prominent Growth in Water Treatment Plants to Drive the Demand for Microfluidic Components
           9.3.4 Rest of Asia Pacific
    9.4 Europe
           9.4.1 Germany
                    9.4.1.1 Advanced Manufacturing Capabilities to Support Market Growth
           9.4.2 France
                    9.4.2.1 Government Initiatives to Promote the Adoption of Fluidic Components to Drive Market Growth in France
           9.4.3 UK
                    9.4.3.1 Growing Adoption of Automation Technologies to Drive the Demand for Valves and Actuators
           9.4.4 Italy
                    9.4.4.1 High Demand for Valves From the Wastewater Treatment Industry to Propel the Growth of the Microfluidic Components Market in Italy
           9.4.5 Spain
                    9.4.5.1 Rising Demand From the Oil & Gas Sector to Boost Market Growth
           9.4.6 Rest of Europe
    9.5 Latin America
           9.5.1 High Growth Opportunities in the Water Treatment Sector to Drive Market Growth
    9.6 Middle East & Africa
           9.6.1 Growing Oil & Gas Industry to Offer Growth Opportunities for Players in the Microfluidic Components Market

10 Competitive Landscape (Page No. - 121)
     10.1 Overview
     10.2 Market Ranking
             10.2.1 Microfluidic Components Market, By Key Player, 2018
     10.3 Competitive Leadership Mapping
             10.3.1 Visionary Leaders
             10.3.2 Innovators
             10.3.3 Dynamic Differentiators
             10.3.4 Emerging Companies
     10.4 Competitive Situation and Trends
             10.4.1 Product Launches
             10.4.2 Expansions
             10.4.3 Acquisitions

11 Company Profiles (Page No. - 127)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     11.1 Parker Hannifin Corporation
     11.2 Vesta Automation SRL
     11.3 Staiger GmbH & Co. Kg
     11.4 Metal Work S.P.A.
     11.5 Camozzi Automation Spa Societΰ Unipersonale
     11.6 Fortive Corporation
     11.7 Aignep S.P.A.
     11.8 International Polymer Solutions (Ipolymer)
     11.9 FIM Valvole SRL
     11.10 Humphrey Products Corporation
     11.11 The Lee Company
     11.12 Dolomite Microfluidics
     11.13 Cellix Ltd.
     11.14 Elveflow
     11.15 Christian Bόrkert GmbH & Co. Kg

*Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 164)
     12.1 Insights of Industry Experts
     12.2 Market Sizing & Validation Approach
     12.3 Discussion Guide
     12.4 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.5 Available Customizations
     12.6 Related Reports
     12.7 Authore Details


List of Tables (98 Tables)

Table 1 Microfluidic Components Market: Impact Analysis of Drivers, Restraints, Opportunities, and Challenges
Table 2 Microfluidic Components Market, By Product, 2017–2024 (USD Million)
Table 3 Valves Market, By Type, 2017–2024 (USD Million)
Table 4 Valves Market, By Country, 2017–2024 (USD Million)
Table 5 Solenoid Valves Market: Product Offerings
Table 6 Solenoid Valves Market, By Country, 2017–2024 (USD Million)
Table 7 Flow Control Valves Market: Product Offerings
Table 8 Flow Control Valves Market, By Country, 2017–2024 (USD Million)
Table 9 Check Valves Market: Product Offerings
Table 10 Check Valves Market, By Country, 2017–2024 (USD Million)
Table 11 Shuttle Valves Market: Product Offerings
Table 12 Shuttle Valves Market, By Country, 2017–2024 (USD Million)
Table 13 Pressure Relief Valves Market: Product Offerings
Table 14 Pressure Relief Valves Market, By Country, 2017–2024 (USD Million)
Table 15 Proportional Valves Market: Product Offerings
Table 16 Proportional Valves Market, By Country, 2017–2024 (USD Million)
Table 17 Other Valves Market: Product Offerings
Table 18 Other Valves Market, By Country, 2017–2024 (USD Million)
Table 19 Micropumps Market: Product Offerings
Table 20 Micropumps Market, By Country, 2017–2024 (USD Million)
Table 21 Nozzles Market: Product Offerings
Table 22 Nozzles Market, By Country, 2017–2024 (USD Million)
Table 23 Pressure Controllers Market: Product Offerings
Table 24 Pressure Controllers Market, By Country, 2017–2024 (USD Million)
Table 25 Microneedles Market: Product Offerings
Table 26 Microneedles Market, By Country, 2017–2024 (USD Million)
Table 27 Connectors Market: Product Offerings
Table 28 Connectors Market, By Country, 2017–2024 (USD Million)
Table 29 Tubing Market: Product Offerings
Table 30 Tubing Market, By Country, 2017–2024 (USD Million)
Table 31 Other Components Market: Product Offerings
Table 32 Other Components Market, By Country, 2017–2024 (USD Million)
Table 33 Market, By Industry, 2017–2024 (USD Million)
Table 34 Market for Oil & Gas Industry, By Country/Region, 2017–2024 (USD Million)
Table 35 Market for Healthcare Industry, By Country/Region, 2017–2024 (USD Million)
Table 36 Market for Aerospace and Defense Industry, By Country/Region, 2017–2024 (USD Million)
Table 37 Market for Consumer Electronics Industry, By Country, 2016–2023 (USD Million)
Table 38 Market for Automotive Industry, By Country/Region, 2017–2024 (USD Million)
Table 39 Market for Other Industries, By Country/Region, 2017–2024 (USD Million)
Table 40 Market, By Region, 2017–2024 (USD Million)
Table 41 North America: Market, By Country, 2017–2024 (USD Million)
Table 42 North America: Market, By Product, 2017–2024 (USD Million)
Table 43 North America: Market for Valves, By Type, 2017–2024 (USD Million)
Table 44 North America: Market, By Industry, 2017–2024 (USD Million)
Table 45 US: Market, By Product, 2017–2024 (USD Million)
Table 46 US: Market for Valves, By Type, 2017–2024 (USD Million)
Table 47 US: Market, By Industry, 2017–2024 (USD Million)
Table 48 Canada: Market, By Product, 2017–2024 (USD Million)
Table 49 Canada: Market for Valves, By Type, 2017–2024 (USD Million)
Table 50 Canada: Market, By Industry, 2017–2024 (USD Million)
Table 51 Asia Pacific: Market, By Country, 2017–2024 (USD Million)
Table 52 Asia Pacific: Market, By Product, 2017–2024 (USD Million)
Table 53 Asia Pacific: Market for Valves, By Type, 2017–2024 (USD Million)
Table 54 Asia Pacific: Market, By Industry, 2017–2024 (USD Million)
Table 55 China: Market, By Product, 2017–2024 (USD Million)
Table 56 China: Market for Valves, By Type, 2017–2024 (USD Million)
Table 57 China: Market, By Industry, 2017–2024 (USD Million)
Table 58 Japan: Market, By Product, 2017–2024 (USD Million)
Table 59 Japan: Market for Valves, By Type, 2017–2024 (USD Million)
Table 60 Japan: Market, By Industry, 2017–2024 (USD Million)
Table 61 India: Market, By Product, 2017–2024 (USD Million)
Table 62 India: Market for Valves, By Type, 2017–2024 (USD Million)
Table 63 India: Market, By Industry, 2017–2024 (USD Million)
Table 64 RoAPAC: Market, By Product, 2017–2024 (USD Million)
Table 65 RoAPAC: Market for Valves, By Type, 2017–2024 (USD Million)
Table 66 RoAPAC: Market, By Industry, 2017–2024 (USD Million)
Table 67 Europe: Market, By Country, 2017–2024 (USD Million)
Table 68 Europe: Market, By Product, 2017–2024 (USD Million)
Table 69 Europe: Market for Valves, By Type, 2017–2024 (USD Million)
Table 70 Europe: Market, By Industry, 2017–2024 (USD Million)
Table 71 Germany: Market, By Product, 2017–2024 (USD Million)
Table 72 Germany: Market for Valves, By Type, 2017–2024 (USD Million)
Table 73 Germany: Market, By Industry, 2017–2024 (USD Million)
Table 74 France: Market, By Product, 2017–2024 (USD Million)
Table 75 France: Market for Valves, By Type, 2017–2024 (USD Million)
Table 76 France: Market, By Industry, 2017–2024 (USD Million)
Table 77 UK: Market, By Product, 2017–2024 (USD Million)
Table 78 UK: Market for Valves, By Type, 2017–2024 (USD Million)
Table 79 UK: Market, By Industry, 2017–2024 (USD Million)
Table 80 Italy: Market, By Product, 2017–2024 (USD Million)
Table 81 Italy: Market for Valves, By Type, 2017–2024 (USD Million)
Table 82 Italy: Market, By Industry, 2017–2024 (USD Million)
Table 83 Spain: Market, By Product, 2017–2024 (USD Million)
Table 84 Spain: Market for Valves, By Type, 2017–2024 (USD Million)
Table 85 Spain: Market, By Industry, 2017–2024 (USD Million)
Table 86 RoE: Market, By Product, 2017–2024 (USD Million)
Table 87 RoE: Market for Valves, By Type, 2017–2024 (USD Million)
Table 88 RoE: Market, By Industry, 2017–2024 (USD Million)
Table 89 Latin America: Market, By Product, 2017–2024 (USD Million)
Table 90 Latin America: Market for Valves, By Type, 2017–2024 (USD Million)
Table 91 Latin America: Market, By Industry, 2017–2024 (USD Million)
Table 92 Middle East & Africa: Market, By Product, 2017–2024 (USD Million)
Table 93 Middle East & Africa: Market for Valves, By Type, 2017–2024 (USD Million)
Table 94 Middle East & Africa: Market, By Industry, 2017–2024 (USD Million)
Table 95 Market Ranking, By Key Player, 2018
Table 96 Product Launches, 2016–2019
Table 97 Expansions, 2016–2019
Table 98 Acquisitions, 2016–2019


List of Figures (25 Figures)

Figure 1 Research Design
Figure 2 Breakdown of Primary Interviews: By Company Type, Designations, and Region
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Microfluidic Components Market, By Product, 2019 vs 2024 (USD Million)
Figure 7 Microfluidic Components Market, By Industry, 2019 vs 2024 (USD Million)
Figure 8 Geographical Snapshot of the Microfluidic Components Market
Figure 9 Growing Demand for Smart and Intelligent Flowmeters, Sensors, and Advanced Pumps in High-End Industries is One of the Key Factors Driving Market Growth
Figure 10 India is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 11 Asia Pacific to Grow at the Highest Growth Rate During the Forecast Period
Figure 12 Developing Markets to Register A Higher Growth Rate Between 2019 & 2024
Figure 13 Valves Segment to Dominate the Microfluidic Components Market During the Forecast Period
Figure 14 Oil & Gas Industry Segment Dominated the Microfluidic Component Market in 2018
Figure 15 Oil Production and Consumption Trend (2000-2016)
Figure 16 Passenger Traffic Carried By Scheduled Carriers From 2007-2008 to 2016-2017
Figure 17 Global Defense Expenditure (2014-2018)
Figure 18 Microfluidic Components Market: Geographical Growth Opportunities
Figure 19 Figure: North America: Microfluidic Components Market Snapshot
Figure 20 Asia Pacific: Microfluidic Components Market Snapshot
Figure 21 Europe: Microfluidic Components Market Snapshot
Figure 22 Microfluidic Components Market: Competitive Leadership Mapping (2018)
Figure 23 Parker Hannifin Corporation: Company Snapshot (2018)
Figure 24 Metal Work S.P.A.: Company Snapshot (2017)
Figure 25 Fortive Corporation: Company Snapshot (2018)

In this report, the global market size for microfluidic components was arrived at after the assessment of major product segments and their share in the overall market. For this purpose, the share of major product segments was determined through various insights gathered during the primary and secondary research. The research process involved the study of various factors affecting the industry to identify the segmentation types, industry trends, key players, competitive landscape, key market dynamics, and key player strategies.

Secondary Research

This research study involved the use of widespread secondary sources; directories; databases such as D&B Hoovers, Bloomberg Business, and Factiva; white papers; annual reports; and companies’ house documents. Secondary research was used to identify and collect information for this extensive, technical, market-oriented, and commercial study of the global microfluidic components market. It was also used to obtain important information about the top players, market classification, and segmentation according to industry trends to the bottom-most level, geographic markets, technology perspectives, and key developments related to the market. A database of the key industry leaders was also prepared using secondary research.

Primary Research

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing and sales directors, technology & innovation directors, and related key executives from various key companies and organizations operating in the global microfluidic components market. The primary sources from the demand side included purchase and sales managers from research organizations and various end-user industries of microfluidic components.

Primary research was conducted to validate the market segmentation, identify the key players in the market, and gather insights on the key industry trends & key market dynamics.

A breakdown of the primary respondents is provided below:

Microfluidic Components Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The market size estimates and forecasts provided in this study are derived through a mix of the bottom-up approach (segmental analysis of major segments) and top-down approach (assessment of utilization/adoption/penetration trends, by product, industry, and region).

Data Triangulation

After arriving at the market size, the total microfluidic components market was divided into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments & subsegments, data triangulation, and market breakdown procedures were employed, wherever applicable.

Objectives of the Study

  • To define, describe, and forecast the microfluidic components market by product, industry, and region
  • To provide detailed information about the major factors influencing market growth (such as drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall microfluidic components market
  • To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
  • To forecast the size of the market segments in North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
  • To profile key players and comprehensively analyze their market shares and core competencies in the microfluidic components market
  • To track and analyze competitive developments such as partnerships, agreements, collaborations, mergers & acquisitions, product developments, and geographical expansions in the microfluidic components market

Scope of the Report:

Report Metric

Details

Market size available for years

2017–2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

Value (USD)

Segments covered

Product, Industry, and Region

Geographies covered

North America, Europe, APAC, Latin America, and the Middle East & Africa

Companies covered

Parker Hannifin Corporation (US), Vesta Automation Srl (Italy), Staiger GmbH & Co. KG (Germany), Metal Work S.p.A. (Italy), Camozzi Automation Spa Societΰ Unipersonale (Italy), Fortive Corporation (US), Aignep s.p.a. (Italy), International Polymer Solutions (US), FIM Valvole Srl (Italy), Humphrey Products Corporation (US), The Lee Company (US), Dolomite Microfluidics (UK), Cellix Ltd. (Ireland), Elveflow (France), and Christian Bόrkert GmbH & Co. KG (Germany)

The research report categorizes the market into the following segments and subsegments:

Microfluidic Components Market, by Product

  • Valves
    • Solenoid Valves
    • Flow Control Valves
    • Check Valves
    • Shuttle Valves
    • Pressure Relief Valves
    • Proportional Valves
    • Other Valves (Ball Valves, Safety Valves, Plug Valves, and Diaphragm Valves)
  • Micropumps
  • Nozzles
  • Pressure Controllers
  • Microneedles
  • Connectors
  • Tubing
  • Other Components (Chips, Pressure Sensors, and Flow Sensors)     

Microfluidic Components Market, by Industry

  • Oil & Gas
  • Healthcare
  • Aerospace & Defense
  • Consumer Electronics
  • Automotive
  • Other Industries (Chemicals, Energy & Power, Agriculture, and Food & Beverage)

Microfluidic Components Market, by Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of APAC
  • Latin America
  • Middle East and Africa

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)

Geographic Analysis

  • A further breakdown of the Latin American microfluidic components market into Brazil, Mexico, and other countries
Report Code
MD 7120
Published ON
May, 2019
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