According to the 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 expected to accumulate USD 250 million over 2021-2027.
 

Paradigm shift towards renewable sources for energy generation, and widespread use of equipment across various industrial sectors for controlling & monitoring the flow of gases & liquids are driving the growth of North American mass flow controller market.
 

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Notably, there is emphasis on using hydrogen as desirable alternative fuel, as when combined with oxygen in a fuel cell, it produces energy and eco-friendly heat and water as by-products. This factor, along with increasing investments in R&D for hydrogen creation, conversion, and storage while ensuring cost-effectiveness are posing profitable opportunities for businesses in the domain.
 

Citing an instance, the U.S. Department of Energy, in July 2021, announced USD 52.5 million funding for 31 projects to support recently launched Hydrogen Energy Earthshot and to promote next-generation clean hydrogen technologies.
 

Based on material type, the stainless steel segment of North America mass flow controller industry is poised to expand at 5% CAGR between 2021 and 2027, due to strong demand for stainless steel mass flow controllers from growing pharmaceutical vertical, coupled with usage in bioprocessing systems to control the flow of gases.
 

From a regional standpoint, the United States market is predicted to grow at 6% CAGR during the analysis period, backed by consistent use of these equipment for examining and regulating gas in semiconductor chip manufacturing processes such as backside water cooling, plasma etching, and chemical vapor deposition (CVD). Moreover, inflowing investments from private and public entities in semiconductor vertical is also creating the product demand. To that end, the U.S. government pledged USD 50 billion in April 2021 to bolster manufacturing incentives, R&D, and support for semiconductor sector.
 

The competitive landscape of North American mass flow controller industry is defined by companies such as MKS Instruments, Inc., Ohkura Electric Co. Ltd., Alicat Scientific, Inc., Dwyer Instruments, Inc., Brooks Instrument, Inc., Kelly Pneumatics, Inc., FC Technik AG, Horiba Ltd., Bürkert Werke GmbH & Co. KG, Azbil Corporation, Dakota Instruments, Inc., Hitachi Metals Ltd., Fujikin, Inc., and Axetris AG among others.