The mass flow controller market is expected to grow from USD 1.1 billion in 2019 to USD 1.5 billion by 2024, at a CAGR of 6.21%. Growing opportunities in pharmaceutical and medical equipment, and increasing demand for mass flow controllers for space applications provide lucrative opportunities for the players in the mass flow controller market. Growing demand for mass flow controllers in semiconductors industry, surging demand for intelligent flow meters in the chemicals and water & wastewater industries, and increasing demand for mass flow controllers in fuel cells for renewable energy applications are the major factors driving the market growth.
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Key players operating in the mass flow controller market include major players operating in different stages in the entire value chain of mass flow controller; these players are Bronkhorst High-Tech (Netherlands), Brooks Instrument (US), Burkert Fluid Control Systems (Germany), MKS Instruments (US), Sierra Instruments (US), Horiba (Japan), Sensirion (Switzerland), Alicat Scientific (US), and Teledyne Hastings Instruments (US). Many major companies focus on the implementation of organic growth strategies, such as product launches, and inorganic strategies, such as acquisitions and expansions, to increase their revenue.
Top 2 Players in Mass Flow Controller Market:
Horiba (Japan) is a global provider of extensive range of instruments and systems such as automotive emission measurement systems, environmental measuring instruments, wide range of scientific analyzers, and medical diagnostic analyzers, and measuring equipment used in the semiconductor industry. It is one of the leading players in the mass flow controller market. The company offers a wide variety of mass flow controllers that includes both gas and liquid flow controllers such as SEC-E Series (value line single gas mass flow controller and meter) and SEC-8000 F/D/E Series (high temperature mass flow controller). The company has strong geographic presence worldwide in Japan, the US, China, and Asia, among others, which helps the company serve customers across the world. Expansion was the primary strategy adopted by the company. For instance, in May 2017, the company expanded in South Korea through its new subsidiary—HORIBA STEC KOREA, Ltd. in Seoul, South Korea. The facility was designed mainly for the production and sale of gas/liquid flow control devices.
Bronkhorst High-Tech (Netherlands) is a global supplier of mass flow and pressure meters/controllers for gases and liquids. It offers a wide product range in the mass flow controller market. The company offers gas mass flow meters and controllers, liquid flow meters and controllers, Coriolis meters and controllers, pressure meters and controllers, vapor delivery systems, control valves, accessories and software, calibration equipment, digital Fieldbus technology, and customer-specific solutions. These products are used in industries, namely, petrochemicals, plastics, metals and glasses, medical, energy, analytical, surface treatment, food and beverages, pharmaceuticals, oil and gas, and semiconductors. The company focuses on organic growth to increase its share in mas flow controller market. For instance, in 2019, Bronkhorst launched the IN-FLOW series of mass flow meters and controllers featuring a rugged, IP65-rated dust-proof and waterproof design.
