The Global Mass Flow Controller Market is expected to exhibit a strong 6.1% CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR). The global mass flow controller market is expected to reach a valuation of USD 2.2 billion by 2023.
Mass flow controllers are used to control the flow volumes of gases in various industries, including chemical, oil and gas, water and wastewater treatment, and others. The growing demand for low flow rate mass controllers in various industrial applications in these industries is a key trend in the global mass flow controller market. The growing chemicals industry is likely to be a major driver for the global mass flow controller market over the forecast period.
The growing oil and gas industry is also likely to be a major driver for the global mass flow controller market. The growing global demand for energy has been a major driving factor for the oil and gas industry over the last few years. This has driven the demand for components that can help the industry refine its operations. This has been a major driver for the global mass flow controller market. The growing oil and gas industry is likely to remain an important driver for the mass flow controller market over the forecast period due to the shale gas boom in North America. The growing demand for LNG is likely to be a major driver for the mass flow controller market over the forecast period.
Competitive Leader board:
Brooks (U.S.), Bronkhorst (the Netherlands), Teledyne Hastings (U.S.), Burkert (Germany), Sensirion (Switzerland), HORIBA (Japan), Sierra (U.S.), Alicat Scientific (U.K), and MKS (U.S.).
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Segmentation:
- On the basis of connection type, the global mass flow controller market is segmented into direct and indirect.
- On the basis of flow measurement, the global mass flow controller market is segmented into low, medium, and high.
- On the basis of material type, the global mass flow controller market is segmented into stainless steel and exotic alloys.
- On the basis of connectivity technology, the market for mass flow controller is segmented into analog, Profibus, RS-485, Ethercat, Modbus TCPIP, and others.
- On the basis of application, the global mass flow controller market is segmented into chemicals, petroleum, semiconductor, food and beverage, oil and gas, water and wastewater treatment, and others.
Regional Analysis:
Asia Pacific holds the largest share of the global mass flow controller market due to the growing presence of the chemicals, oil and gas, and semiconductor industries in the region. The mass flow controller market in China, India, and Japan is expected to exhibit the most promising growth over the forecast period.
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Major Highlights of TOC Covers:
- Executive Summary
- Key Business Trends
- Regional Trends and Growth
- Product Trends
- End-use Trends
- Definition and Forecast Parameters
- Mass flow controller Market Segmentation
- Mass flow controller Market Landscape
- Vendor Matrix
- Company Profiles
- Business Overview
- Financial Data
More…
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The latest study report titled as Global Thermal Mass Flow Controller market report is detailed analysis given by IMR Market Reports to offer a comprehensive study over the Thermal Mass Flow Controller Market with the help of Dynamics, development drivers, challenges, opportunities, threats, limitations, etc.
The whole report is derived through sources such as annual reports, journals, and also through the businesses supported by the industry experts.
Along with analysis tools such as, NOISE Analysis, SWOT analysis, Internal analysis, SOAR analysis, Porter’s five force and etc that are mainly used for studying limitations and opportunities, other pictorial presentations such as charts, diagrams and pie graphs are also included for easy interpretation of data.
For Right Perspective & Competitive Insights, Request a Sample @: https://imrmarketreports.com/request/23380The Report also covers the Impact of Coronavirus COVID-19.
The disease has now spread to almost every country throughout the globe leading it to be called as a huge challenge by World Health Organisation, but at the same extent it has brought some opportunities for the market players competing in the Thermal Mass Flow Controller market those opportunities are also mentioned in the report in extensive manner.
The statistical study of the report highly focuses on specifications, cost, capacity, marketing channels, and market players other important studies like BCG matrix, VIRO framework, Value chain analysis, porter diamond model, PESTEL analysis, etc are discussed on top phase.
