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.
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 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 Leader board:
Brooks (U.S.), Bronkhorst (the Netherlands), Teledyne
Hastings (U.S.), Burkert (Germany), Sensirion (Switzerland), HORIBA (Japan),
Sierra (U.S.), Alicat Scientific (U.K), and MKS (U.S.).
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Segmentation:
·
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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Major Highlights of TOC Covers:
- Executive Summary
- Key Business Trends
- Regional Trends and Growth
- Product Trends
- End-use Trends
- Definition and Forecast Parameters
- Mass flow controller Market Segmentation
- Mass flow controller Market Landscape
- Vendor Matrix
- Company Profiles
More…
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