As per the report titled ‘Asia Pacific Mass Flow Controller Market Forecast 2027 By Connectivity Technology, By Material Type, By Flow Rate, By Product Type, By Industry Vertical, COVID19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 ???????? 2027’, available with MarketStudyReport, Asia Pacific mass flow controller market is projected to reach a valuation of USD 1 billion by the end of the forecast period 2021-2027.
 

As per the findings of the report, burgeoning population in economies like India and China, subsequent surge in energy demand across residential and industrial sectors, and rising necessity for better energy infrastructure are stimulating Asia Pacific mass flow controller market growth. Moreover, rising penetration of renewable energy together with an increasing emphasis on sustainable development is adding to the industry value.

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Based on product type, the differential pressure flow meter segment is anticipated to register a CAGR of 7% through 2027. The products primarily find application in pipelines with large diameters, high temperatures, and high pressures. Great flexibility in terms of flow rates and pipe diameters, suitability for all temperatures and pressures, and capability of monitoring both liquid and gas flow are favoring the product demand.

Considering the technology fragmentation of Asia Pacific mass flow controller market, analogue connectivity technology segment is predicted to exhibit 7% CAGR through 2027. The demand for this technology can be ascribed to their innate ability to deliver high precision in flow signal output proportionally to the adjusted flow rate, as well as reliable flow monitoring in compliance with process monitoring systems.

From a geographical viewpoint, South Korea's industry share is anticipated to increase at a rate of 6% through 2027, creditable to high demand for mass controllers in pharmaceutical product manufacturing. Moreover, investments by the government and major players are projected strong returns in the coming years. For instance, the country’s government laid out plans to invest USD 2.6 billion in biotechnology R&D. This compelled Celltrion Inc. to spend USD 452 million for building a third manufacturing unit in the country.

Speaking of the competitive landscape, major players in the mass flow controller market in Asia Pacific are Parker-Hannifin Corp., Omega Engineering Inc., Ohkura Electric Co., Ltd., MKS Instruments Inc., Kofloc, Horiba Ltd., Hitachi Metals Ltd., Fujikin Inc., Fcon Co. Ltd., Brooks Instrument, Bronkhorst High-Tech B.V., Azbil Corp., and Alicat Scientific Inc. among others.