Mass Flow Controller Market Overview and Forecast by 2031
The mass flow controller market is projected to grow from US$ 1.65 billion in 2023 to US$ 2.89 billion by 2031; it is expected to expand at a CAGR of 7.2% from 2023 to 2031. Technological improvements caused an increase in demand for intelligent smart flow meters, propelling the Mass Flow Controller Market forward. Mass flow controllers are essential for the quality control of a wide range of medical equipment, and several prominent industry players have pounced at the possibility of employing them to combat the fatal coronavirus pandemic.
Mass Flow Controller Market Analysis
One noteworthy trend in the mass flow controller market is the growing use of these controllers in the semiconductor industry, where they are utilized to measure the flow of gases and liquids required for semiconductor chip fabrication. In addition, the increased demand for mass flow controllers in renewable energy applications is driving market expansion. Furthermore, technological developments resulted in increased demand for intelligent smart flow meters, which boosted market expansion.
Mass Flow Controller Market Industry Overview
- The global mass flow controller market is expanding rapidly and will continue to grow over the next several years. A mass flow controller typically gear sticks the flow rate of a gas to a predetermined flow rate, known as an electronic signal, without being influenced or agitated by fluctuations in gas pressure. In a word, a mass flow controller is a device that measures, computes, regulates, and controls the flow or drift of a gas or liquid in a variety of applications. These devices are designed solely to regulate or rheostat a certain type of liquid or gas over a specific range of flow rates.
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Mass Flow Controller Market: Strategic Insights
Market Size Value in US$ 891.8 Million in 2017 Market Size Value by US$ 1,588.0 Million by 2025 Growth rate CAGR of 8.29% from 2018-2025 Forecast Period 2018-2025 Base Year 2018
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Mass Flow Controller Market: Strategic Insights
| Market Size Value in | US$ 891.8 Million in 2017 |
| Market Size Value by | US$ 1,588.0 Million by 2025 |
| Growth rate | CAGR of 8.29% from 2018-2025 |
| Forecast Period | 2018-2025 |
| Base Year | 2018 |
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Mass Flow Controller Market Driver and Opportunities
Increasing Demand from the Healthcare Sector to Drive the Mass Flow Controller Market
- Mass flow controllers with low flow rates play an important role in the healthcare industry for weighing gas and liquid. For example, these devices are ideal for ventilation purposes. The ultra-low flow measurement of the regulators improves the precision of ventilation implements and provides effective control over them, assuring the patient's safety.
- Mass flow controllers are vital in the quality control of several types of medical devices. Furthermore, the increased emphasis on the Industrial Internet of Things (IIoT), smart factories, and industrial automation in the post-COVID-19 era will drive demand for controller technologies and complicated process technologies such as flow measurement and control.
Increasing Demand from the Semiconductor Industry to Create Lucrative Market Opportunities
- Spraying and coating are the most widely utilized technologies in the semiconductor industry for wafer dusting, thin film removal, precision coating, and biological gas deposition. All of these courses use mass flow controllers to regulate gas and fluid flow at a low rate. When selecting mass flow, the primary factors to consider are the precision of flow control and the consistency and solidity of measurement.
- There is an increasing demand for mass flow controllers for measuring and controlling gases used in semiconductor chip fabrication processes such as plasma etching, chemical vapor deposition (CVD), and backside water cooling, among others. This, in turn, is expected to create lucrative growth opportunities for market players during the forecast period.
Mass Flow Controller Market Report Segmentation Analysis
The key segments that contributed to the derivation of the mass flow controller market analysis are flow rate, sensor, application, and process.
- By flow rate, the market is segmented into low, medium, and high.
- By sensors, the market is segmented into pressure sensors and thermal sensors.
- Increasing demand for thermal sensors from the semiconductor industry is expected to boost the segment growth during the forecast period.
- By application, the market is segmented into gas chromatography and semiconductors.
- By process, the market is divided into CVD, PVD, Plasma Etching Processes, Backside Water Cooling, FPD, and Others.
Mass Flow Controller Market Share Analysis By Geography
- The scope of the mass flow controller market is primarily divided into five regions - North America, Europe, Asia Pacific, Middle East & Africa, and South America.
- The mass flow controller market in Asia Pacific is predicted to develop at the fastest rate during the forecast period. This region is likely to lead the market due to factors such as growing population, emerging economies, and increased adoption of mass flow controllers in various end-use industries.
Mass Flow Controller Market Report Scope
Mass Flow Controller Market News and Recent Developments
Companies adopt inorganic and organic strategies such as mergers and acquisitions in the mass flow controller market. Some of the recent key market developments are listed below:
- 2023 - Sensirion announced the launch of a new mass flow controller. The SFC6000 is small and lightweight and has an unbeatable price-performance ratio and a very attractive delivery time. It optimizes the flow control in devices in the semiconductor industry, analytical instruments, and industrial automation. [Source: Sensirion, Company Website]
Mass Flow Controller Market Report Coverage & Deliverables
The mass flow controller market forecast is estimated based on various secondary and primary research findings, such as key company publications, association data, and databases. The market report "Mass Flow Controller Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering below areas-
- Market size & forecast at global, regional, and country levels for all the key market segments covered under the scope.
- Market dynamics such as drivers, restraints, and key opportunities.
- Key future trends.
- Detailed PEST & SWOT analysis
- Global and regional market analysis covering key market trends, key players, regulations, and recent market developments.
- Industry landscape and competition analysis covering market concentration, heat map analysis, key players, and recent developments.
- Detailed company profiles.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Flow Rate ; Sensors ; Application ; and Process
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Frequently Asked Questions
The global mass flow controller market was estimated to grow at a CAGR of 7.2% during 2023 - 2031.
Growing demand for ultra-low flow controllers for numerous engineering, manufacturing, and medical applications are the major factors that propel the global mass flow controller market.
Increasing awareness regarding the use of mass flow controllers in the semiconductor industry in the global mass flow controller market.
The major players holding majority shares are Aalborg Instruments, Alicat Scientific, Axetris AG, Bronkhorst High-Tech, and Brooks Instrument.
Asia Pacific is anticipated to grow with a high growth rate during the forecast period.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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