Categories: ChemicalsOil & Gas

Mass Flow Controller Market Projected Size, Global

The Mass Flow Controller Global Market Report 2023 by The Business Research Company, provides mass flow controller market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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https://www.thebusinessresearchcompany.com/report/mass-flow-controller-global-market-report

According to The Business Research Company’s Mass Flow Controller Global Market Report 2023, the global mass flow controller market size is expected to grow from $1.38 billion in 2022 to $1.45 billion in 2023 at a compound annual growth rate (CAGR) of 5.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global mass flow controller market size is expected to grow to $1.78 billion in 2027 at a CAGR of 5.1%.

Increasing demand in the semiconductor industry is expected to propel the growth of the mass flow controller market going forward. Semiconductors are pure elements that have conductivity between non-conductors/insulators and conductors. A mass flow controller is a device that controls the flow rate by measuring the mass flow rate of fluids and gases. It is used to control and measure the gases that are used in the semiconductor chip-making process.

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The mass flow controller market is segmented:

1) By Material: Stainless Steel, Exotic Alloys, Other Materials

2) By Media: Gas, Liquid, Other Media Types

3) By Flow Rate: Low Flow Rate, Medium Flow Rate, High Flow Rate

4) By Application: Catalyst Research, Gas Chromatography, Spray and Coating processes, Fluid and Gas Processing and Control, Fuel cell, Solar Cell, Heat Treating

5) By End-User: Chemicals, Metals and Mining, Oil and Gas, Pharmaceuticals, Semiconductor, Other End-Users

Technological advancements have emerged as a key trend gaining popularity in the mass flow controller market. Major companies operating in the mass flow controller market are focused on innovating new technologies to sustain their position in the market. For instance, in April 2022, Bronkhorst, a Netherlands-based developer, and manufacturer of low-flow mass flow meters or controllers launched the FLEXI-FLOW Compact, a completely new mass flow controller product line. This new FLEXI-FLOW Compact measures and controls the gas flow and temperature, but along with this, it is also used to control and measure the downstream and upstream pressures in the process with this one flexible instrument. This new instrument provides flexibility in usage and saves space and helps with weight reduction.

The mass flow controller market report table of contents includes: