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The mass flow controller (MFC) market is estimated to grow at a CAGR of 5.9% between 2022 and 2027 and the size of the market is forecast to increase by USD 554.89 million. The growth of the market depends on several factors, such as the increasing demand for industrial automation, the growing semiconductor industry, and the rising demand for renewable energy.
This report extensively covers market segmentation by type (exotic alloy, stainless steel, bronze, and brass), end-user (semiconductor, oil and gas, chemical, metal and mining, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Driver
Increasing demand for industrial automation is the key factor driving the growth of the global mass flow controller (MFC) market. Mass flow controllers play an important role in automated processes by providing precise flow control of liquids and gases. Automation is rapidly transforming many industries. This is important in industries such as chemical, oil and gas, and food and beverage, where mass flow controllers can significantly improve productivity and reduce costs. Mass flow controllers are used in the chemical industry in many processes, such as mixing, blending, and batching, to ensure accurate and consistent flow rates. This saves money and time, improves product quality, and reduces waste.
Similar to this, mass flow controllers are used in the oil and gas industry to precisely measure and control the flow of fluids in a variety of applications, including well testing, metering, and pipeline operations. This promotes cost-effectiveness and production optimization while ensuring compliance and safety. To ensure precise and constant flow rates, mass flow controllers are used in a number of food and beverage industry processes, including filling, dispensing, and mixing. This promotes waste reduction and product quality improvement while ensuring adherence to laws governing food safety. Such factors are anticipated to fuel the growth of the market during the forecast period.
Significant Trend
Increasing use of advanced materials is the primary trend in the global mass flow controller (MFC) market growth. The need to improve the performance and reliability of mass flow controllers is driving the trend toward the use of advanced materials in their manufacturing. Exotic alloys and advanced polymers outperform traditional materials such as stainless steel in several ways, including corrosion resistance, durability, and strength-to-weight ratio. For example, modern polymers such as polytetrafluoroethylene (PTFE) and polyetheretherketone (PEEK) can offer better chemical and heat resistance, making them suitable for harsh environments.
Nowadays, companies are investing in research and development to create new materials and enhance the performance of already existing ones. This pattern is anticipated to spur innovation in the global mass flow controller market and create more dependable and effective products that can adapt to the changing requirements of different industries. Such factors are expected to drive the growth of the market during the forecast period.
Major Challenge
Price competition is a major challenge in the growth of the global mass flow controllers (MFC) market. With a large number of manufacturers offering comparable products, customers have a wide range of choices, putting pressure on manufacturers to price their goods competitively. However, manufacturers also need to ensure that profit margins are sustainable over the long term.
This forces manufacturers to carefully balance pricing and profitability by considering factors such as raw material costs, R&D costs, marketing costs, and overhead costs when setting product prices. Excessively low product pricing can lead to unsustainable profit margins, and failure to competitively price products can result in lost business. Therefore, to remain profitable and competitive in the global mass flow controller market, manufacturers need to review their pricing strategies constantly. Such factors impede market growth during the forecast period.
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Aalborg Instruments and Controls Inc.: The company offers mass flow controllers that are available in flow ranges starting from 0 to 10 sccm up to 0 to 1000 slpm with a maximum pressure of 1000 psig (70 bars).
Alicat Scientific: The company offers mass flow controllers that are used to measure and control gas flow from 0.5 SCCM to 5,000 SLPM, with accuracy to ±0.5% of reading or ±0.05% of full scale and a control range of 0.01-100% (10,000:1 turndown).
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market vendors, including:
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies vendors into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis. Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies vendors into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The exotic alloy segment will account for a major share of the market's growth during the forecast period. Exotic alloys are used to make mass flow controllers. They are special alloys with unique properties and compositions. Pharmaceuticals, chemical processing, and semiconductor manufacturing are just a few of the industries that use these controllers.
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The exotic alloy segment was valued at USD 625.75 million in 2017 and continued to grow until 2021. Exotic alloys are expected to play a key role in the growth of the market as they possess special properties that make them ideal for use in corrosive materials and difficult environments. These alloys are highly resistant to corrosion, high temperatures, and extreme pressure, making them ideal for a wide variety of applications. Such factors increase the demand for exotic alloys and propel the growth of the global MFC during the forecast period.
Based on End-user, the market has been segmented into semiconductor, oil and gas, chemical, metal and mining, and others. The global MFC market is driven by innovation and growth in the semiconductor industry, with manufacturers actively seeking ways to improve product efficacy and performance. Additionally, the need for higher precision and control, and the increasing complexity of the semiconductor manufacturing process are expected to increase the demand for advanced mass flow controllers in the semiconductor segment, which will increase segment growth in this market during the forecast period.
APAC is estimated to contribute 31% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.
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As a result of the expanding economies of countries such as China, India, and Japan, mass flow controllers are becoming more popular and in demand across various industries such as chemical, oil & gas, and pharmaceuticals. The semiconductor industry is one of the largest end users of mass flow controllers in APAC, with China, Taiwan, South Korea, and Japan being the top semiconductor manufacturers. Due to the region's high demand for consumer electronics, the demand for mass flow controllers used in manufacturing these products is also increasing. Additionally, the Asia Pacific healthcare sector is a growing market for mass flow controllers, especially in countries such as China and India where the need for medical consumables and devices is increasing. Such factors will increase the global MFC market growth in this region during the forecast period.
In 2020, the mass flow controllers market in APAC faced disruptions due to the outbreak of COVID-19. However, the increased vaccination rate in the region led to the lifting of lockdown restrictfions in 2021, which led to the resumption of operations in these end-user industries. With the increase in manufacturing, supply, and demand from end-user industries, the mass flow controllers market in APAC grew in 2021 and 2022. Additionally, increased investments by governments and oil and gas companies will lead to an increase in the demand for mass flow controllers, which, in turn, will drive the growth of the regional market during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Mass Flow Controller Market Scope |
|
Report Coverage |
Details |
Page number |
161 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.9% |
Market growth 2023-2027 |
USD 554.89 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.1 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 31% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Aalborg Instruments and Controls Inc., Alicat Scientific, Azbil Corp., Bronkhorst High Tech B.V., Christian Burkert GmbH and Co. KG, Dwyer Instruments LLC, HORIBA Ltd., IKS PVD Technology Shenyang Co. Ltd, KRACHT GmbH, Kurt J Lesker Co., MKS Instruments Inc., Perkin Elmer Inc., Proterial Ltd., Sensirion AG, shanghai cixi Instruments Co. Ltd., Sierra Instruments Inc., Teledyne Technologies Inc., TSI Inc., VITROCELL Systems GmbH, and Vogtlin Instruments GmbH |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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