Mass Flow Controller Market Research Report – Recent Trends, Growth Opportunities, and Market Size and Share Global Forecast Analysis – 2024 - 2033

Mass Flow Controller Market Size Research Report – In a Glance

As per the Research report on global mass flow controller market, the market is projected to foresee a CAGR of 7.2% between 2024-2033, and further generate a market size of USD 2.9 billion by the end of 2033. In the year 2023, the market size was valued at USD 1.9 billion.

• The global mass flow controller market is projected to grow on account of the increasing investment in the water and waste-water treatment industry.
• In Japan, the mass flow controller market growth can be attributed to the rise of renewable energy.
• KDMI analyst’s growth analysis foresees, frequent fluctuations in raw material to challenge the market growth.
• Asia-Pacific having the highest market share in the Mass Flow Controller Market, is projected to dominate the global market.

Mass Flow Controller Market Analysis

A mass flow controller is an instrument that controls the flow rate of gases or liquids in various systems. It measures and controls the mass flow and ensures a precise flow rate. Mass flow controllers are commonly used in industries, such as semiconductor manufacturing, laboratory experiments, and chemical processing for accuracy and efficiency. The increasing investment in the water and waste-water treatment industry is a significant growth driver of the mass flow controller market size. In 2023, in the United States, 56% of all the water bodies in the 120 reporting countries are in “good ambient water quality, the reporting increased from 71 countries in 2017. Hitachi Metals, Ltd, Sensirion, Horiba Ltd, and Azbil Corporation. are some of the significant players in the market for metal injection moulding.

Analyst’s Observation on Japan Mass Flow Controller Market Research

In Japan, the market growth for the mass flow controller market is attributed to the rise of renewable energy. The device manages the precise gas flow and hydrogen production; & controls the gas flow rate, which is necessary for efficient hydrogen production such as fuel cells, electrolysis, & hydrogen industry.  Japan has shifted towards biogas, and bioenergy needs precise gas control investment, and mass flow controller devices are valuable in such areas. In 2022, the share of renewables in Japan’s total electricity generation, including on-site consumption is estimated to be 27.2%, up from 22.4% in the previous year. Additionally, wind farms capture strong ocean wind to produce electricity, and provide a renewable energy source. Horiba Ltd., Azbil Co., and Hitachi Ltd. are some of the significant players in mass flow controller markets in Japan.

Mass Flow Controller Market Growth Drivers and Challenges

Growth Drivers

• Increasing technological development

Increasing technological development is mainly driven by the mass flow controller market. Innovation in technologies such as IoT integration & AI enables the real-time monitoring and automation industry, improves efficiency, and reduces time. Seventeen frontier technologies, such as artificial intelligence, the Internet of Things, and green hydrogen, represent USD 1.5 trillion. These technologies will grow over $9.5 trillion by 2030. Advanced materials such as stainless steel, aluminium, Teflon, silicon, and bronze used in this device increase durability & strength, reduce weight, and handle high-pressure & high-temperature conditions.

• Growing investment in medical sector

The growing investments in the medical sector are significantly driving the mass flow controller market’s growth. Medical sector, is the fastest-growing segment, due to increasing demands for medical equipment, healthcare infrastructure, patient safety, and the rising prevalence of respiratory diseases. In 2021, the U.S. spent 17.8% of gross domestic product (GDP) on health care, nearly twice as much as the average OECD country. As hospitals and healthcare facilities grow, the need for advanced medical equipment and applications, such as oxygen therapy, respiratory equipment anaesthesia, and usage for mass flow controllers increases.  Mass flow controllers have advanced sensors, that provide faster response times and higher sensitivity, which is crucial for medical applications, requiring less gas flow rates and high accuracy on medical devices & analytical instrumentation.

Challenges

• Industry dependency

Industry dependency is a challenge for the mass flow controller market because these devices are mainly used in specific sectors like semiconductor manufacturing, water treatment, and pharmaceuticals. If demand drops in these industries, it can highly impact the market. Suppliers rely too much on a few industries and make the market vulnerable to changes in their performance.

• Technical Complexity

Technical complexity is a challenge for the mass flow controller market because these devices need to be very accurate and reliable. Designing and maintaining them requires advanced technology and expert knowledge. This makes the production process more difficult and costly, which can limit the growth and accessibility of mass flow control.

Mass Flow Controller Market Segmentation

Our experts at KD Market Insights have segmented the global Mass Flow Controller Market research report as:

Mass Flow Controller Market Regional Synopsis

Asia-Pacific has the highest share of the mass flow controller market, primarily driven by rising demand for the semiconductor industry. In 2021, Taiwan captured an estimated 10% of the total value created in the global semiconductor industry due to the expansion of 5G, AI, IoT devices and electronic vehicles and data centres.  As semiconductor manufacturing expands, especially in countries like China, South Korea, and Japan, the need for precise and reliable gas flow control systems becomes crucial. In 2022, Taiwan exported 184 billion semiconductors, accounting for 38.4% of its total merchandise exports. China and Hong Kong were the top destinations, together receiving 58.0% of Taiwan's semiconductor exports, followed by Singapore and Japan with 11.1 and 8.5 %, respectively. Mass flow controllers’ devices are essential in processes such as etching, deposition, and chemical vapour deposition (CVD), where accurate gas flow is necessary for high-quality semiconductor production. As more semiconductor industries are built and production capacity increases to meet global demand, the mass flow controller market will see higher demand, driving growth and innovation in the region.

North America is the fastest growing region in the mass flow controller market driven by rising demand in the food and beverages industry. It is the largest industry group in food and beverage manufacturing, with 26.2% of sales in 2021. Other important industry groups by sales include dairy (12.8%), other foods (12.4 %), beverages (11.3%), and grain & oilseeds (10.4%). The food and beverage sector adopted automation services to enhance efficiency and reduce costs. The mass flow controller industry plays a major role in processes such as carbonation, blending, and packaging. The precision ensures strict quality standards and safety regulations, which are crucial for maintaining product consistency in the market. With innovations in food production and increasing demand for variety & high-quality products, the food and beverage industry is growing & boosting the mass flow controller market's growth potential in the region

In Europe, the mass flow controller market is growing because of the increased use of mass flow controllers by end-users for various purposes. Germany holds the largest market share in the region driven by the increase in the automation industry. This industry needs precise fluid and gas flow for managing manufacturing.

In Latin America, countries such as Brazil and Mexico are witnessing the highest growth in the mass flow controller market driven by the increasing demand for oil and gas. This industry required exact control for gas injection, pipeline, and chemical treatment, and ensure safety.

As per our analysts at KD Market Insights, the following five players lead Asia-Pacific Having the Highest Market Share Basketball shoes market growth:

•  Bronkhorst High-Tech
• Azbil Corporation
• Parker Hannifin Corporation
• Sensirion AG
• Halma PLC

Mass Flow Controller Market Competitive Landscape

Some of the key players who top the global mass flow controller market share:

• Hitachi Metals, Ltd
• Sensirion
• Horiba Ltd
• Azbil Corporation
• MKS Instruments
• JK Products & Services
• New Hills Pumping Inc.
• Cimex Controls Inc.
• Advitech Inc.
• FLSmidth. Solution
• Other

Mass Flow Controller Market Recent Developments

• In April 2023, Hitachi, Ltd. announced the establishment of a third fund for Hitachi Ventures (HV), the global corporate venture capital. This is for the purpose of accelerating innovation and initiating new business opportunities in the digital domain.
• In September 2023, Sensirion added the latest addition to the STS4x temperature sensor series and is the ideal solution for cost and space-sensitive applications. With adapted accuracy specifications, it offers top performance and industry-leading lead times.

1. Executive Summary
   1. Market Overview
   2. Key Findings
   3. Market Trends
   4. Market Outlook
2. Introduction
   1. Scope of the Report
   2. Research Methodology
   3. Definitions and Assumptions
   4. Acronyms and Abbreviations
3. Market Dynamics
   1. Drivers
   2. Restraints
   3. Opportunities
   4. Challenges
4. Global Mass Flow Controller Market
   1. Market Overview
   2. Market Size and Forecast
   3. Market Segmentation
      1. By Material Type
      2. By Flow Type
      3. By Medium Type
      4. By End-User
      5. By Region
5. Market Segmentation by Material Type
   1. Stainless Steel
   2. · Alloys
   3. · Others
6. Market Segmentation by Flow Type
   1. Low
   2. Medium
   3. High
   4. Other
7. Market Segmentation by Medium Type
   1. Gas
   2. Liquid
   3. Others
8. Market Segmentation by End-User
   1. Chemicals
   2. Oil and Gas
   3. Pharmaceuticals
   4. Semiconductors
   5. Food and Beverages
   6. Water and Wastewater Treatment
   7. Metals and Mining
9. Regional Analysis
   1. North America
      1. United States
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material Type, Flow Type, Medium Type, and End- User
      2. Canada
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material Type, Flow Type, Medium Type, and End- User
      3. Mexico
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material Type, Flow Type, Medium Type, and End- User
   2. Europe
      1. United Kingdom
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material Type, Flow Type, Medium Type, and End- User
      2. Germany
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material Type, Flow Type, Medium Type, and End- User
      3. France
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material Type, Flow Type, Medium Type, and End- User
      4. Italy
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material Type, Flow Type, Medium Type, and End- User
      5. Spain
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material Type, Flow Type, Medium Type, and End- User
      6. Rest of Europe
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material Type, Flow Type, Medium Type, and End- User
   3. Asia Pacific
      1. China
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material Type, Flow Type, Medium Type, and End- User
      2. Japan
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material Type, Flow Type, Medium Type, and End- User
      3. India
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material Type, Flow Type, Medium Type, and End- User
      4. Australia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material Type, Flow Type, Medium Type, and End- User
      5. South Korea
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material Type, Flow Type, Medium Type, and End- User
      6. Rest of Asia Pacific
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material Type, Flow Type, Medium Type, and End- User
   4. Latin America
      1. Brazil
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material Type, Flow Type, Medium Type, and End- User
      2. Argentina
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material Type, Flow Type, Medium Type, and End- User
      3. Colombia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material Type, Flow Type, Medium Type, and End- User
      4. Rest of Latin America
         1. Market Size and Forecast
         2. Key Trends and Developments
         3.               Market Analysis by Material Type, Flow Type, Medium Type, and End- User
   5. Middle East & Africa
      1. South Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material Type, Flow Type, Medium Type, and End- User
      2. Saudi Arabia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material Type, Flow Type, Medium Type, and End- User
      3. UAE
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material Type, Flow Type, Medium Type, and End- User
      4. Rest of Middle East & Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material Type, Flow Type, Medium Type, and End- User
10. Competitive Landscape
    1. Market Share Analysis
    2. Company Profiles
       1. 1. Hitachi Metals, Ltd
          2. Sensirion
          3. Horiba Ltd
          4. Azbil Corporation
          5. MKS Instruments
          6. JK Products & Services
          7. New Hills Pumping Inc.
          8.  Cimex Controls Inc.
          9.  Advitech Inc.
          10. FLSmidth. Solution
          11. Other
11. Strategic Recommendations
12. Appendix
    1. List of Tables
    2. List of Figures
13. References