Mass Flow Controller Market Size By Material (Stainless Steel, Exotic Alloys), By Flow Rate (Low Flow Rate, Medium Flow Rate, High Flow Rate), By Product (Differential Pressure Flow Meter, Thermal Mass Flow Meter, Coriolis Mass Flow Meter), By Connectivit

Mass Flow Controller Market Size By Material (Stainless Steel, Exotic Alloys), By Flow Rate (Low Flow Rate, Medium Flow Rate, High Flow Rate), By Product (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), COVID-19 Impact Analysis, Application Potential, Competitive Market Share & Forecast, 2023 - 2032

The global mass flow controller market is slated to grow substantially through 2032 owing to the growing proliferation of industrial automation manufacturing sector.

The market is anticipated to record modest traction over the coming years supported by the growing use of mass flow controllers in the renewable energy sector. These controllers are in great demand in fuel cell technology for applications involving renewable energy. They are ideal for fuel cell humidification applications as well as to prevent fuel leakage inside the fuel cell stacks.

For instance, in February 2021, Bronkhorst High-Tech introduced their new mass flow meter/controller product, which is coupled with Ethernet POWERLINK (EPL) networking technology. The firm hopes to gain a competitive edge over other market participants with the deployment of innovative networking technologies in mass flow controllers.

The mass flow controller market has been segmented in terms of material, flow rate, type, connectivity technology, industry verticals, and region.

Based on flow rate, the medium flow rate segment is anticipated to propel at more than 5% CAGR over the forecast timeline driven by the growing use in medical devices like cryogenic cylinders, oxygen concentrators, ventilators, as well as oxygen generators.

With respect to type, the Coriolis mass flow meter segment is set to witness a market valuation of over $250 million by the end of 2032 due to its numerous benefits, like extremely high sensitivity as well as resilience to pressure, temperature, and viscosity changes.

In terms of connectivity technology, the analog segment is expected to amass over $500 million market valuation by 2032. Meanwhile, the EtherCAT segment is set to proliferate at more than $300 million valuation by the end of the review timeline owing to the demand for a quick industrial Ethernet infrastructure with guaranteed efficiency and excellent precision.

On the other hand, the DeviceNet segment is speculated to reach a market valuation of more than $200 million by 2032 credited to the various benefits it provides such as a low-cost option that offers dependable access to device intelligence, enhancing the viability of networks and promoting market expansion.

Based on industry verticals, the oil & gas segment is poised to register approximately $400 million market valuation by the end of the study duration attributed to the expanding necessity for high-accuracy measurement of fluid and gas flow. Meanwhile, the pharmaceuticals segment is projected to propel at more than 5% CAGR over the review years. MFCs provide a succession of automated stages with minimal manual intervention in the pharmaceutical business, which will increase their usage during the projection period.

From the regional perspective, the Middle East & Africa mass flow controller market is slated to expand at more than 5% CAGR from 2023 to 2032 credited to the rising investments by oil and gas firms to upgrade existing infrastructure.