The global mass flow controller market size was US$ 1.21 billion in 2021. The global mass flow controller market is forecast to grow to US$ 1.59 billion by 2030 by growing at a compound annual growth rate (CAGR) of 3.5% during the forecast period from 2022 to 2030.
Factors Influencing the market
A mass flow controller is used in pharmaceuticals, chemicals, semiconductors, wastewater treatment, and oil and gas industries in order to calculate and control the flow of liquids and gases. The wide applications of the device will drive the growth of the global mass flow controller market.
The growing awareness about the benefits of mass flow controllers will propel the market forward. In addition, the growing demand for mass flow controllers in the renewable energy segment will fuel the growth of the overall market.
The global mass flow controller market will witness significant growth due to growing advancements, partnerships, and acquisitions. Furthermore, the growing emphasis of industry players on micro-technology and space applications will benefit the global mass flow controller market.
The high initial cost of mass flow controllers may act as a significant challenge in the market growth.
COVID-19 Impact Analysis
The global mass flow controller market witnessed significant challenges, owing to the shortage of raw materials, bans on exports, and production delays. Furthermore, the market witnessed ample growth in the pharmaceuticals, medical devices, and food & beverage industries as these industries continued to grow even during the pandemic.
Regional Analysis
Europe is forecast to dominate the global mass flow controller market, followed by the Asia Pacific and North America. The growth of the market is attributed to the strict environmental laws and rising adoption of advanced technologies in the region. Furthermore, the Asia-Pacific mass flow controller market is forecast to register significant growth due to the growing pharmaceutical, chemical, and electronic industries.
Competitors in the Market
Market Segmentation
The global mass flow conductor market segmentation focuses on Type, Material, Media, Flow Rate, Connectivity, End-Use, Product, Application, and Region.
Based on Type
Based on the Material Type
Based on Media Type
Based on Flow Rate
Based on Connectivity Technology
Based on End-Use Industry
Based on Product Type
Based on Application
Based on Region
