Dublin, May 07, 2019 (GLOBE NEWSWIRE) -- The "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" report has been added to ResearchAndMarkets.com's offering.
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%.
The growth of this market is mainly driven by growing demand for mass flow controllers in the 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. Growing opportunities in pharmaceutical and medical equipment and increasing demand for mass flow controllers for space applications provide lucrative opportunities for players in the mass flow controller market.
The competitive landscape shows that product launches, acquisitions, and expansions were the key strategies adopted by the players in the mass flow controller market from February 2019 to March 2016. Bronkhorst High-Tech (Netherlands), Brooks Instrument (US), Burkert Fluid Control Systems (Germany), MKS Instruments (US), Sierra Instruments (US), Horiba (Japan), Sensirion (Switzerland), Alicat Scientific (US), and Teledyne Hastings Instruments (US) are among the major mass flow controller providers.
Fluid & gas processing and control application to hold the largest size of mass flow controller market during the forecast period
Fluid & gas processing and control application accounted for the largest share of the mass flow controller market in 2018. Mass flow controllers play an essential role in the fluid & gas processing and control application to measure and control the flow of liquids and gases. A mass flow controller is designed and calibrated to control a specific type of liquid or gas at a particular range of flow rates. It is used to pass media at certain pressure rates to efficiently complete the mainstream production process. Monitoring and controlling pressure rates of media is the most critical factor in the fluid & gas processing and control application.
Low flow rate mass flow controller to grow at highest CAGR during the forecast period
Low flow rate mass flow controllers are used in industries, namely, semiconductors, chemicals, and food & beverages, for various critical applications in which high precision and stability are essential. For example, in laboratory research processes of the chemicals industry, various sub-processes such as testing, and heat treatment need low flow rate mass flow, controllers. Also, in the semiconductor chip manufacturing for the doping process, it is essential to control the flow of deposition media at a very low flow rate. Owing to the growth of the market for low flow rate mass flow controllers, many companies are investing in its development.
Semiconductors industry to hold a significantly large share of mass flow controller market by 2024
Mass flow controllers are used for various critical applications, such as wafer cleaning, thin film deposition, PCB treatment, chemical vapor deposition, and gas and spray coating, in the semiconductors industry. A few processes require mass flow controllers capable of accurately measuring and controlling low flow rates. For example, in the precision coating application, gas and liquid flow control are adjusted according to the requirement of coating thickness. Mass flow controllers used in the semiconductors industry are highly efficient and effective as these controllers manage the overall flow of media/materials that are used to manufacture various elements, such as wafers and chips, in the semiconductors industry.
Market in APAC to grow at highest CAGR during the forecast period
The mass flow controller market in APAC is expected to grow at the highest CAGR during the forecast period. APAC is expected to dominate the market due to factors such as increasing population, emerging economies, and rising adoption of mass flow controllers across different end-use industries, such as semiconductors, oil & gas, medical, pharmaceuticals, and chemicals. Increasing investments in the semiconductors industry and rising demand for efficient devices for measurement and control, and industrial automation are among the major factors driving the growth of the market in this region. 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.
Key Topics Covered
1 Introduction
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.4 Years Considered
1.5 Currency
1.6 Market Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Breakdown of Primary Interviews
2.1.2.2 Sampling Techniques and Data Collection Methods
2.1.2.3 Primary Sources
2.1.2.4 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in Mass Flow Controller Market
4.2 Mass Flow Controller Market, By End-Use Industry and Region
4.3 Mass Flow Controller Market, By Flow Measurement
4.4 Mass Flow Controller Market, By Connectivity, 2018
4.5 Mass Flow Controller Market in APAC, By End-Use Industry and Country
4.6 Mass Flow Controller Market, By Region
5 Market Overview
5.1 Introduction
5.2 Value Chain Analysis
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Growing Demand for Mass Flow Controllers in Semiconductors Industry
5.3.1.2 Surging Demand for Intelligent Flow Meters in Chemicals and Water & Wastewater Industries
5.3.1.3 Increasing Demand for Mass Flow Controllers in Fuel Cells for Renewable Energy Applications
5.3.2 Restraints
5.3.2.1 Variations in Differential Pressure Create Offset in Flow Measurement
5.3.2.2 High Initial Cost and Physical Restraints of Mass Flow Controllers
5.3.3 Opportunities
5.3.3.1 Growing Opportunities in Pharmaceutical and Medical Equipment
5.3.3.2 Increasing Demand for Mass Flow Controllers for Space Applications
5.3.4 Challenges
5.3.4.1 Media Dependency in Calibration of Mass Flow Controller
6 Mass Flow Controller Market, By Material Type
6.1 Introduction
6.2 Stainless Steel
6.2.1 Food & Beverages, Oil & Gas, Chemicals, and Pharmaceuticals Industries are Among Major Consumers of Stainless Steel Mass Flow Controllers
6.3 Exotic Alloys
6.3.1 Nickel Alloy, Titanium Alloy, and Nickel-Aluminum-Bronze Alloy are Among A Few Common Alloys Used for Manufacturing Mass Flow Controller
6.4 Others
7 Mass Flow Controller Market, By Flow Rate
7.1 Introduction
7.2 Low Flow Rate Mass Flow Controller
7.2.1 Low Flow Rate Mass Flow Controllers are Used in Industries for Various Critical Applications That Require High Precision and Stability
7.3 Medium Flow Rate Mass Flow Controller
7.3.1 Medium Flow Rate Mass Flow Controller is Used for Fluid and Gas Mixing and Dosing
7.4 High Flow Rate Mass Flow Controller
7.4.1 High Flow Rate Mass Flow Controller Used in Applications in Which Flow Volume is A Critical Parameter
8 Mass Flow Controller Market, By Media Type
8.1 Introduction
8.2 Gas Mass Flow Controllers
8.2.1 Gas Mass Flow Controllers Can Be Customized on Basis of Material, Flow Rate, Technology, and Gas Type
8.3 Liquid Mass Flow Controllers
8.3.1 Liquid Mass Flow Controllers are Available With Analog and Digital Communication
8.4 Others
9 Mass Flow Controller Market, By Connectivity Technology
9.1 Introduction
9.2 Analog
9.2.1 Analog Output Signal of Mass Flow Controllers Ranges From 05 Volts Dc to 420 Ma
9.3 Profibus
9.3.1 Profibus is Used for Process Communication, Field Communication, and Data Transmission
9.4 Rs-485
9.4.1 Rs-485 is Serial Communication Protocol in Which Multipoint Communication Network is Used for Connecting Various Devices
9.5 Profinet
9.5.1 Profinet is Used for Collecting and Controlling Data From Industrial Equipment in Less Time
9.6 Ethercat
9.6.1 Ethernet is Real-Time Industrial Ethernet Communication Protocol
9.7 Ethernet/IP
9.7.1 Ethernet/IP is Used in Industrial Applications for Automation and Process Control
9.8 Modbus RTU
9.8.1 Modbus RTU is Open Serial Communication Protocol Widely Used in Industrial Automation
9.9 Modbus TCP/IP
9.9.1 Mass Flow Controllers Based on Modbus TCP/IP Protocol for Serving Various Industrial Automation Applications
9.10 Devicenet
9.10.1 Devicenet Operates on Controller Area Network (CAN) Standard
9.11 Foundation Fieldbus
9.11.1 Foundation Fieldbus Helps in Building Base Level Networking
10 Mass Flow Controller Market, By Application
10.1 Introduction
10.2 Catalyst Research
10.2.1 Mass Flow Controllers Allow Flow of Chemicals at Desired Flow Rate to Conduct Testing
10.3 Gas Chromatography
10.3.1 Mass Flow Controllers are Used at Each Stage of Various Processes to Regulate and Control Flow Gas at High Temperature Range
10.4 Spray and Coating Processes
10.4.1 Mass Flow Controllers are Used to Control Fluid and Gas Flow at Low Rate in Spray and Coating Processes
10.5 Fluid and Gas Processing and Control
10.5.1 Growth of MFC in Fluid and Gas Processing and Control Can Be Attributed to Increasing Demand From Chemicals, Pharmaceuticals, Food & Beverages, and Semiconductors Industries
10.6 Fuel Cell
10.6.1 Fuel Cell Require Use of Mass Flow Controllers That are Capable of Measuring and Controlling Low and Medium Flow Rates With Accuracy and Precision
10.7 Solar Cell
10.7.1 Mass Flow Controllers are Used in Coating and Doping Processes of Solar Cell Application
10.8 Heat Treating
10.8.1 Regulating Furnace Atmosphere Using Mass Flow Controller (MFC) Assists in Producing Consistent, High-Quality Carburized Parts at Higher Production Rates
11 Mass Flow Controller Market, By End-Use Industry
11.1 Introduction
11.2 Semiconductors
11.2.1 Rise in Innovations and Developments in Semiconductors Industry Drives Growth of Mass Flow Controller Market
11.3 Oil & Gas
11.3.1 Mass Flow Controllers Can Be Deployed in Wide Range of Oil & Gas Applications
11.4 Chemicals
11.4.1 Mass Flow Controllers are Widely Used for Numerous Applications in Chemicals
11.5 Pharmaceuticals
11.5.1 India and China are Major Contributors to Growth of Mass Flow Controller Market for Pharmaceuticals Industry
11.6 Metals & Mining
11.6.1 Rise in Production Efficiency of Metals & Mining Industry Demands Use of Mass Flow Controllers
11.7 Water & Wastewater Treatment
11.7.1 Mass Flow Controllers Play Important Role in Fluid and Gas Flow Control in Water Filtration System
11.8 Food & Beverages
11.8.1 Mass Flow Controllers Play Key Role in Manufacturing Processes in Food & Beverages Industry
12 Geographic Analysis
12.1 Introduction
12.2 North America
12.2.1 US
12.2.1.1 Presence of Key Mass Flow Controller Manufacturers to Propel Growth of Mass Flow Controller Market
12.2.2 Canada
12.2.2.1 Mass Flow Controllers are Used in Major Industries of Canada
12.2.3 Mexico
12.2.3.1 Increasing Industrialization in Mexico Drives Mass Flow Controller Market Growth
12.3 Europe
12.3.1 Germany
12.3.1.1 Increasing Contribution of Germany in Global Semiconductors Industry Drives Mass Flow Controller Market Growth
12.3.2 UK
12.3.2.1 Application of Mass Flow Controllers in Pharmaceuticals Industry is Major Driving Factor Mass Flow Controller Market Growth in UK
12.3.3 France
12.3.3.1 Increasing Penetration of Semiconductor Equipment and Growing Need for Chemicals in Metals & Mining to Drive Demand for Mass Flow Controllers in France
12.3.4 Rest of Europe
12.4 APAC
12.4.1 China
12.4.1.1 Mass Flow Controller Manufacturers Have Major Opportunities in China With Growing Semiconductors Industry
12.4.2 India
12.4.2.1 Increase in Investments in Chemicals and Water & Wastewater Industries Propels Mass Flow Controller Market in India
12.4.3 Japan
12.4.3.1 Continuous Technological Advancements in Mass Flow Controllers to Drive Japanese Market
12.4.4 Taiwan
12.4.4.1 Large Semiconductors Industry in Taiwan to Drive Mass Flow Controller Market
12.4.5 South Korea
12.4.5.1 Smartphone and Consumer Electronics Device Manufacturers Contribute Significantly to Mass Flow Controller Market
12.4.6 Rest of APAC
12.5 RoW
12.5.1 South America
12.5.1.1 Mass Flow Controller Market in South America is Growing at Significant Rate Due to Increasing Usage of Mass Flow Controllers in Semiconductors, Chemicals, and Oil & Gas Industries
12.5.2 Middle East
12.5.2.1 Growing Penetration of Mass Flow Controller in Oil & Gas Industry to Drive Mass Flow Controller Market Growth
12.5.3 Africa
12.5.3.1 Mass Flow Controllers are Mainly Used in Oil & Gas and Semiconductors Industries of Africa
13 Competitive Landscape
13.1 Overview
13.2 Ranking Analysis of Players, 2018
13.3 Competitive Leadership Mapping
13.3.1 Visionary Leaders
13.3.2 Dynamic Differentiators
13.3.3 Innovators
13.3.4 Emerging Companies
13.4 Strength of Product Portfolio
13.5 Business Strategy Excellence
13.6 Competitive Scenario
13.6.1 Product Launches and Developments
13.6.2 Partnerships, Collaborations, Contracts, and Agreements
13.6.3 Mergers and Acquisitions
13.6.4 Expansions
14 Company Profiles
14.1 Key Players
14.1.1 Brooks Instrument
14.1.2 Bronkhorst High-Tech
14.1.3 Burkert Fluid Control Systems
14.1.4 MKS Instruments
14.1.5 Sierra Instruments
14.1.6 Horiba
14.1.7 Sensirion
14.1.8 Teledyne Hastings Instruments
14.1.9 Alicat Scientific
14.1.10 Parker Hannifin
14.2 Other Key Companies
14.2.1 Tokyo Keiso
14.2.2 Vogtlin Instruments
14.2.3 Azbil Corporation
14.2.4 Fc-Technik
14.2.5 Kofloc Kyoto
14.2.6 Aalborg
14.2.7 Axetris AG
14.2.8 Dwyer Instruments
14.2.9 Fcon Co.
14.2.10 Kelly Pneumatics
For more information about this report visit https://www.researchandmarkets.com/r/b4hceb