Mass Flow Controller Market Overview
Mass Flow Controller Market is projected to touch the market value of over USD 2.45 Billion by the year 2030 while registering a CAGR of 5.50%
Mass Flows Controllers are designed to control the amount of fluid flowing from a pump, pipe, reservoir, or tank. The growth of huge buildings and infrastructure resulted in the development of the Mass Flow Controller Market. Mass controllers have electronic sensors that can measure the mass flow and will send an electrical signal to control a motor to control the flow.
The market is driving due to the increased technological developments which led to the growth of industrial and commercial sectors. The increase in energy consumption is another major driving factor of the market. With the rise in concern and adoption of green technologies, companies can reduce their energy consumption and help to preserve the environment and natural resources.
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During the COVID-19 pandemic period, the Mass Flow Controller market was affected because the operational units and production process were halted due to strict lockdown guidelines. These factors have resulted in the financial loss of the market. Therefore, the market noticed a downfall during this period.
COVID-19 has caused a decline in the global market by disrupting the supply chain. But in the further years, the Mass Flow Controller Market to show gradual growth due to the strategies of key players. During the review period, the Mass Flow Controller Market is estimated to reach a CAGR of 6%
Mass Flow Controller Market Regional Analysis
According to the geographical status, the Mass Flow Controller Market grows in various major regions such as North America, Europe, and Asia-Pacific. North America is considered the leading region due to prominent players. The pharmaceutical and petroleum industries are driving the market growth of this region. The Asia Pacific region is estimated to show good share value due to the technical advancement in major developing regions such as India, China, and Japan. The market of this region will reach its highest CAGR during the forecast period. The presence of semiconductor and electronics manufacturers is propelling the European Market's growth. All these major regions propel the growth of the global market.
Mass Flow Controller Market Segmentation
The Mass Flow Controller Market is segmented based on application areas, technology, connection, flow management, material type, and application. The application area consists of Fluid Handling, Gas Handling, Chemical Handling, Food Processing, Water Treatment, and Others.
In the technology segment, EMFC has been developing for decades and is now ready for use. This technology works by harnessing the motor's magnetic field to control the flow. LPC is a liquid level controller that eliminates the need for manual adjustment, making it ideal for industrial and commercial applications in various sectors.
Direct and indirect segments fall under connection type, and the flow measurement segment comprises low, medium, and high. Analog and Profibus are of connectivity type, and further application segment is divided into chemical and petroleum.
The above segments will boost the market growth in the future years during the evaluation period.
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Industry News
In June 2019, Brooks Instrument launched a new mass flow controller, the SLA5800 Series Biotech and the SLAMf series Biotech. These products are designed for biotech applications.
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