Report Details:
15 Companies Covered
100 Pages
Pune, India, December 11, 2017 /MRFR Press Release/- Market Research Future published a half cooked research report on Global Mass Flow Control Market.
Market Highlights
The mass flow control market is growing with the rapid pace. According to a recent report published by the Market Research Future, The global market of mass flow control is estimated to grow moderately over the forecast period. The market is forecasted to witness slow but steady growth by 2023, which will be a surplus growth at a moderate CAGR during the projected period (2016 -2023).
Even with the dominance of the semiconductor industry, some MFC companies have brought out multiple products designed to address the industrial markets. One reason for this is the cyclical nature of the semiconductor industry. The semiconductor industry seems to be subjected to peaks and valleys of production and demand, more so than any other industry. Furthermore, these cycles can be hard to predict. By diversifying into industrial markets, MFC companies help to insulate themselves from the fluctuating semiconductor industry.
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Mass Flow Control Market Regional Analysis
The mass flow controller market in Asia Pacific (APAC) is expected to grow at the highest CAGR between 2017 and 2023. This market in emerging economies is expected to grow at the highest CAGR because of the increasing technological advancements in medical and healthcare devices.
Yokogawa Electric Corporation is a Japanese electrical engineering and Software Company acquires TechInvent2 AS, a Norwegian enterprise that holds the rights to FluidCom™, a chemical injection metering valve (CIMV). FluidCom prevents blockages and corrosion in oil wells, pipelines and other facilities, and employs a patented technology for thermal control. It incorporates the functions of a mass flowmeter, control valve and valve controller, and has very few moving parts. The advantage for Yokogawa Group by acquiring TechInvent2 is, Yokogawa will target delivery of this solution to the oil and gas upstream and midstream sectors, thereby helping to improve operational efficiency, reduce operational costs, and enhance health, safety along with positively impacting the environment (HSE).
North America, led mainly by the U.S. mass flow control market share is analysed to observe gains through the forecasted period. The regional growth is mainly propelled by robust pharmaceutical and petrochemical industries in the U.S.
A number of new companies have entered the field in the past 30 years. Tylan General continued to be a force in the market. Other companies that became important in this market include Mykrolis, Millipore, Celerity, and Aera. In a major act of consolidation, Brooks Instrument acquired Celerity in 2009. This acquisition included all the MFCs that previously went under the names of Unit Instruments, Tylan, Mykrolis, Millipore, and Celerity. In 2010, Advance Energy Industries (AEI) sold its Aera MFC division to Hitachi Metals. Some of the leading companies today include Horiba STEC, Brooks Instrument, Hitachi Metals, and Bronkhorst.
Some of the key players operating in the mass flow controller market are Bronkhorst (Netherlands), Brooks (U.S.), Burkert (Germany), Teledyne Hastings (U.S.), HORIBA (Japan), Sensirion (Switzerland), Alicat Scientific (U.K), Sierra (U.S.), and MKS (U.S.) among others.