March 10, 2022
According to the research report titled ‘North America Mass Flow Controller Market Forecast 2027 By Flow Rate, By Material Type, By Product Type, 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, North America mass flow controller market is anticipated to exceed a valuation of USD 250 million by the year 2027.
Rising usage of renewable sources of energy in order to generate power, development of green energy resources, and increasing investments in R&D for hydrogen generation, conversion, and storage are the major growth determinants for North America mass flow controller market.
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For the unversed, mass flow controllers are used to measure and control flow of liquids and gases. They are also used in semiconductor chip production processes such as plasma etching, chemical vapour deposition (CVD), and backside water cooling to regulate & monitor gas flow.
In terms of flow rate, the market is divided into high flow rate, low flow rate, and medium flow rate. On the basis of product type, the industry is branched into Coriolis mass flow meter, thermal mass flow meter, and differential pressure flow meter.
Based on connectivity technology, North America mass flow controller marketplace is classified into foundation fieldbus, devicenet, modbus RTU, ethernet/IP, etherCAT, profinet, RS-485, profibus, analog. With respect to industry verticals, the industry is categorized into water & wastewater treatment, semiconductor, healthcare & life sciences, chemical, food & beverages, pharmaceutical, and oil & gas.
Speaking of material type, the stainless-steel segment is anticipated to record a CAGR of 5% between 2021 and 2027, owing to growing demand from pharmaceutical industry, wherein the device is leveraged to control the flow of gases in bioreactor chambers in bioprocessing.
Regionally, the U.S. industry is slated to progress at a CAGR of 6% through 2027, due to investments by governmental and private organizations into the regional semiconductor sector.
The key players in North America mass flow controller market are Vögtlin Instruments GmbH, Tokyo Keiso Co., Ltd., Teledyne Hastings Instruments, Sierra Instruments, Inc., Sensirion AG, Pivotal Systems, Parker-Hannifin Corporation, Omega Engineering, Inc., Ohkura Electric Co., Ltd., MKS Instruments, Inc., KOFLOC (KOJIMA INSTRUMENTS INC), Kelly Pneumatics, Inc., Horiba Ltd., Hitachi Metals Ltd., Fujikin, Inc., FC-Technik AG, Dwyer Instruments, Inc., Dakota Instruments, Inc., Bürkert GmbH & Co. KG, Brooks Instrument, Bronkhorst High-Tech B.V., Azbil Corporation, Axetris AG, Alicat Scientific, Inc., and Aalborg Instruments & Controls, Inc.