Global Mass Flow Controller Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

Overview and Scope

A mass flow controller is a device that controls the flow rate by measuring the mass flow rate of fluid and gases. A mass flow controller automatically regulates a gas’s flow rate by a preset flow rate given as an electronic signal, independent of the user’s environment or variations in gas pressure.

Sizing and Forecast

The mass flow controller market size has grown strongly in recent years. It will grow from $1.46 billion in 2023 to $1.54 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to semiconductor industry growth, medical and pharmaceutical applications, environmental monitoring, energy sector dynamics, chemical processing industry, electronics manufacturing..

The mass flow controller market size is expected to see strong growth in the next few years. It will grow to $1.92 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to clean energy initiatives, focus on environmental sustainability, pharmaceutical research and production, precision agriculture, automotive industry needs, smart cities and infrastructure.. Major trends in the forecast period include digitalization and industry 4.0 integration, micro and miniaturized mfcs, advanced sensor technologies, customization and modular designs, integration with plcs and scada systems..

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Segmentation & Regional Insights

The mass flow controller market covered in this report is segmented –

1) By Material: Stainless Steel, Exotic Alloys, Other Materials
2) By Media: Gas, Liquid, Other Media Types
3) By Flow Rate: Low Flow Rate, Medium Flow Rate, High Flow Rate
4) By Application: Catalyst Research, Gas Chromatography, Spray and Coating processes, Fluid and Gas Processing and Control, Fuel cell, Solar Cell, Heat Treating
5) By End-User: Chemicals, Metals and Mining, Oil and Gas, Pharmaceuticals, Semiconductor, Other End-Users

Europe was the largest region in the mass flow controller market in 2023. The regions covered in the mass flow controller market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth

Increasing demand in the semiconductor industry is expected to propel the growth of the mass flow controller market going forward. Semiconductors are pure elements that have conductivity between non-conductors/insulators and conductors. A mass flow controller is a device that controls the flow rate by measuring the mass flow rate of fluids and gases. It is used to control and measure the gases that are used in the semiconductor chip-making process. For instance, according to The Semiconductor Industry Association, a US-based trade association and lobbying group that represents the United States semiconductor industry, the global semiconductor industry sale was $49.0 billion in July 2022, an increase of 7.3% over the July 2021 total of $45.7 billion. And in 2021, the global semiconductor industry sold a record 1.15 trillion semiconductor chips. Therefore, increasing demand in semiconductor industries is driving the growth of the mass flow controller market.

Key Industry Players

Major companies operating in the mass flow controller market are focused on innovative devices such as P-MFC to address the limitations of conventional mass flow controllers. A pressure-insensitive pressure-based mass flow controller (P-MFC) is a specialized device designed for precise control and measurement of gas flow. For instance, in August 2021, Brooks Instrument, a US-based provider of precision fluid measurement and control technology, launched the GP200 Series, the first fully pressure-insensitive pressure-based mass flow controller (P-MFC) designed for chemical vapor deposition (CVD) processes in semiconductor manufacturing. The P-MFC operates effectively in high-vacuum and above atmospheric pressure conditions, enhancing precision in gas delivery for semiconductor processes. It offers a broader operating range compared to conventional P-MFCs, improving etch process performance and expanding applications to include CVD processes. The GP200 Series features an integrated differential pressure sensor, laminar flow element, and downstream valve architecture for accurate and repeatable gas flow delivery in various conditions.

The mass flow controller market report table of contents includes:

1. Executive Summary

2. Mass Flow Controller Market Characteristics

3. Mass Flow Controller Market Trends And Strategies

4. Mass Flow Controller Market – Macro Economic Scenario

5. Global Mass Flow Controller Market Size and Growth

…

31. Global Mass Flow Controller Market Competitive Benchmarking

32. Global Mass Flow Controller Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Mass Flow Controller Market

34. Mass Flow Controller Market Future Outlook and Potential Analysis

 

35. Appendix

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