May 31, 2022
According to the research report titled ‘Europe Mass Flow Controller Market Forecast 2027 By Product Type, By Material Type, By Flow Rate, By Connectivity Technology, By Industry Vertical, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, Europe mass flow controller market is anticipated to amass USD 150 million valuation by the year 2027.
According to reliable estimates, growing product adoption across healthcare & life sciences, water & wastewater, oil & gas, and semiconductor industries is the major growth determinant for Europe mass flow controller market.
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Furthermore, rising product usage in healthcare organizations to precisely measure and monitor the consumption and leakage of gases to avoid overhead costs is expected to bolster the industry size in the coming years.
Notably, the COVID-19 pandemic is stimulating the marketplace, due to the expanding deployment of mass flow controllers in hospitals and clinics for real-time monitoring of medical gases such as nitrogen, oxygen, and nitrous oxide.
In terms of industry vertical, the water & wastewater treatment segment of Europe mass flow controller industry is predicted to grow at 4.5% CAGR through 2027, owing to the necessity for potable water desalination as well as for reliable detection and monitoring of ozone, digester, oxygen, and other gas flows.
Regionally, U.K. market is slated to record a CAGR of 4.5% during the analysis period, on account of widespread deployment of the equipment in the wastewater treatment, healthcare, and chemical industries in the country.
Whereas Germany industry is poised to grow at a 5.5% CAGR through 2027, because of increasing number of funding activities and government initiatives, as well as introduction of new products by the leading players to increase their customer reach.
Tokyo Keiso Co. Ltd, Teledyne Hastings Instruments, Sierra Instruments Inc., Sensirion AG, Parker Hannifin Corporation, Omega Engineering Inc., Ohkura Electric Co. Ltd, MKS Instruments Inc., KOFLOC Corp., Horiba Ltd., Hitachi Metals Ltd., Fujikin Inc., FC-Technik AG, Christian Bürkert GmbH & Co. KG, Brooks Instrument, Bronkhorst High-Tech B.V., Azbil Corporation, Axetris AG, Alicat Scientific Inc., and Aalborg Instruments & Controls Inc. are the leading players in Europe mass flow controller market.