The global mass flow controller market is expected to exhibit a strong 6.1% CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR). The global mass flow controller market is expected to reach a valuation of USD 2.2 billion by 2023. The report presents a comprehensive evaluation of the global mass flow controller market to the readers, including a detailed look at the market’s historical growth figures, current statistics, and future growth prospects. The leading drivers and restraints affecting the global mass flow controller market are profiled in detail in the report. The major players operating in the global Smart Lock Market share are also profiled in detail in the report.

Mass flow controllers are used to control the flow volumes of gases in various industries, including chemical, oil and gas, water and wastewater treatment, and others. The growing demand for low flow rate mass controllers in various industrial applications in these industries is a key trend in the global mass flow controller market. The growing chemicals industry is likely to be a major driver for the global mass flow controller market over the forecast period. The chemicals industry has grown spectacularly in the last few years due to the growing demand for various industrial raw materials. Chemicals such as acids and others have come in great demand over the last few years, as a result of the growing industrialization in emerging economies. This is likely to be a major driver for the global mass flow controller market over the forecast period. Growing private investment in the chemicals industry is also likely to be a major driver for the Mass Flow Controller Market over the forecast period.

The growing oil and gas industry is also likely to be a major driver for the global mass flow controller market. The growing global demand for energy has been a major driving factor for the oil and gas industry over the last few years. This has driven the demand for components that can help the industry refine its operations. This has been a major driver for the global mass flow controller market. The growing oil and gas industry is likely to remain an important driver for the mass flow controller market over the forecast period due to the shale gas boom in North America. The growing demand for LNG is likely to be a major driver for the mass flow controller market over the forecast period.

Competitive Leaderboard:

Leading players in the global mass flow controller market include MKS, Sierra, Alicat Scientific, Sensirion, HORIBA, Teledyne Hastings, Burkert, Brooks, and Bronkhorst.

In November 2017, Major Science launched Winpact mass flow controller, which can be integrated with fermenters or bioreactors.

In September 2017, FC Technik designed a new generation of thermal mass flow controller. The new flox [on] B has a new and economical design, an optimized high performance micro controller, and a micro USB port that allows the operation of the flox [on] with a PC.

In August 2017, Alicat Scientific integrated its MCE mass flow controller into MDC Vacuum Products’ XpressStick MFC Gas Stick. This product links the pressurized gas inputs to vacuum chambers.

In March 2016, Bronkhorst announced that its FLOW-SMS system can be connected to a PROFIBUS-DP fieldbus based system using just one single interface.

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Segmentation:

The global mass flow controller market is segmented on the basis of connection type, flow measurement, material type, connectivity technology, application, and region.

On the basis of connection type, the global mass flow controller market is segmented into direct and indirect.

On the basis of flow measurement, the global mass flow controller market is segmented into low, medium, and high.

On the basis of material type, the global mass flow controller market is segmented into stainless steel and exotic alloys.

On the basis of connectivity technology, the market for mass flow controller is segmented into analog, Profibus, RS-485, Ethercat, Modbus TCPIP, and others.

On the basis of application, the global mass flow controller market is segmented into chemicals, petroleum, semiconductor, food and beverage, oil and gas, water and wastewater treatment, and others.

Regional Analysis:

Asia Pacific holds the largest share of the global mass flow controller market due to the growing presence of the chemicals, oil and gas, and semiconductor industries in the region. The mass flow controller market in China, India, and Japan is expected to exhibit the most promising growth over the forecast period.

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