Mass Flow Controller Market

Key Revenue Pockets - Mass Flow Controller Market

The mass flow controller market is expected to grow from USD 1.1 billion in 2019 to USD 1.5 billion by 2024, at a CAGR of 6.21%. Growing demand for mass flow controllers in semiconductors industry, surging demand for intelligent flow meters in the chemicals and water & wastewater industries and increasing demand for mass flow controllers in fuel cells for renewable energy applications are the key factors driving the growth of the mass flow controller market.

A mass flow controller is mainly used for controlling and calibrating the flow of liquids and gases. It controls the flow of media at a particular flow rate. Depending upon the process, the flow rate of mass flow controller is deployed. Mass flow controllers help the players in the manufacturing industry not only to improve process efficiency but also to achieve optimum utilization of resources. Mass flow controllers consist of a control valve, an inlet port, an outlet port, and a flow sensor. The mass flow controller regulates the flow of media, using a closed loop control system, which receives an input signal from by the operator unit. By using this mechanism, the mass flow controller regulates and passes the medium at a required flow rate.

The market for the spray and coating application is expected to grow at the highest CAGR during the forecast period. Spray and coating are commonly used processes in the semiconductors industry for wafer cleaning, thin film deposition, precision coating, and chemical vapor deposition. In all these processes, mass flow controllers are used to control fluid and gas flow at a low rate. The accuracy of the flow control and stability in the measurement are the 2 important factors to be considered while selecting mass flow controllers for these critical applications. The growth can be attributed to increasing demand for mass flow controllers in liquid and gas treatment applications.

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Based on end-use industry, the market for pharmaceuticals industry is expected to grow at the highest CAGR during the forecast period. Mass flow controllers with low flow rates play a vital role in the pharmaceuticals industry for the measurement and control of different media (gas and liquid). For example, in the medical application, mass flow controllers are used in ventilation devices. The ultra-low flow measurement and control capability of the controllers improve the accuracy of ventilation devices and offer efficient control and safety for patients.

The mass flow controller market has been segmented into North America, Europe, APAC, and RoW. The market in APAC is expected to grow at the highest CAGR from 2019 to 2024 owing to the increasing investments in the semiconductors industry and rising demand for efficient devices for measurement and control. Most of the key players operating in the mass flow controller market have their production capacity in APAC as the production cost in this region is lower than that of in other regions.

Related Reports:

Mass Flow Controller Market by Material, Media, Connectivity Technology, Flow Measurement (Low, Medium, High), Application, End-Use Industry (Semiconductors, Chemicals, Oil & Gas, Pharmaceuticals), and Geography - Global Forecast to 2024

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Report Code
SE 5758
RI Published ON
4/11/2019
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