March 10, 2022
As per the 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 surpass a valuation of USD 150 million by the end of the forecast period 2021-2027.
Europe mass flow controller market is anticipated to witness considerable expansion in the forthcoming years due to rising product demand from various industries, including healthcare & life sciences, oil & gas, wastewater & oil, and semiconductor industries.
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Speaking of opportunities, upcoming construction and refurbishment projects regarding local wastewater treatment plants are anticipated to generate strong revenue for businesses in this domain.
Elaborating on the COVID-19 impact, the pandemic had a positive impact on the industry owing to the increasing deployment of mass flow controllers in hospitals and clinics for real-time monitoring of medical gases like nitrogen, oxygen, and nitrous oxide. These units immediately alert the healthcare personnel in case of any interruption in gas supply.
Moving to Europe mass flow controller industry segmentation, the material type fragmentation comprises exotic alloys and stainless steel. In terms of flow rate, the industry is split into low flow rate, medium flow rate, and high flow rate.
Considering product type, the market is divided into thermal mass flow meter, differential pressure flow meter, and Coriolis mass flow meter. With respect to technology, the bifurcation comprises analog, profinet, profibus, RS-485, EtherCAT, DeviceNet, ethernet/IP, ModbusRTU, and foundation fieldbus.
From a geographical perspective, U.K. industry is projected to expand at a 4.5% CAGR through 2027, mainly due to surging product demand in healthcare, chemical, and wastewater treatment. Meanwhile, Germany market to register 5.5% CAGR during the same timeframe, creditable to funding activities and favorable government initiatives.
Major players influencing in trends of mass flow controller market in Europe are Omega Engineering, Ohkura Electric Co. Ltd., MKS Instruments Inc., Kofloc Corp., Horiba Ltd., Hitachi Metals Ltd., Fujikin Inc., FC Technik AG, Brooks Instrument, Bronkhorst High-Tech B.V., Azbil Corp., Axetris AG, and Alicat Scientific among others.