According to the research report titled ‘Mass Flow Controller Market Size, By Material Type (Stainless Steel, Exotic Alloys), By Flow Rate (Low Flow Rate, Medium Flow Rate, High Flow Rate), By Product Type (Differential Pressure Flow Meter, Thermal Mass Flow Meter, Coriolis Mass Flow Meter), By Connectivity Technology (Analog, Profibus, RS-485, ProfiNet, EtherCAT, Ethernet/IP, Modbus RTU, DeviceNet, Foundation Fieldbus), By Industry Vertical (Oil & Gas, Pharmaceutical, Food & Beverages, Chemical, Healthcare & Life Science, Semiconductor, Water & Wastewater Treatment), COVID19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, mass flow controller market is anticipated to grow significantly through 2027.
 

Benefits like measuring accuracy, flow control, and flexible system integration of the product, in consort with extensive industrial automation in developing nations, rising usage in fuel cells for renewable energy applications, and surging demand for intelligent flow controllers in water & wastewater treatment are the major growth contributors in mass flow controller market.

Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/3878224/

Based on connectivity technology, the profibus segment is expected to record a CAGR of 5% over the forecast period, owing to flexible integration of technology with advantages like setting times, high dynamics, optimum response, and accurate measuring.

Speaking of the industry vertical, the oil & gas segment is projected to hold 10% share in mass flow controller industry by the year 2027, due to the increasing government initiatives to improve oil & gas infrastructure.

Notably, mass flow controllers automatically manage the flow rate of gases according to a fixed flow rate sent as an electric signal, regardless of use conditions or changes in gas pressure. As a result, product demand from oil & gas sector is expected to be supported by the capacity of equipment to maintain precise gas flow during the assessment period.

From the regional point of view, Latin America market is anticipated to record a CAGR of 3% during the forecast period and amass substantial returns by the end of 2027, owing to soaring adoption across various end-user industries.

The key players in mass flow controller marketplace are Vögtlin Instruments GmbH, Tokyo Keiso Co. Ltd., Teledyne Hastings Instruments, Sierra Instruments, Sensirion AG, Parker-Hannifin Corporation, OMEGA Engineering, Ohkura Electric Co. Ltd, New-Flow (Golden Mountain Enterprise Co. Ltd.), MKS Instruments, Inc., KOFLOC Corp,, Kelly Pneumatics, Inc., Horiba Ltd., Hitachi Metals Ltd., FC Technik AG, FCON Co. Ltd., Dwyer Instruments Ltd., Dakota Instruments, Inc., Bürkert Fluid Control Systems, Brooks Instrument, Bronkhorst High-Tech B.V., Azbil Corporation, Axetris AG, Alicat Scientific, and Aalborg Instruments & Controls, Inc.