Global Mass Flow Controller (MFC) Market to See Steady Growth to 2023, Expects M&M in Its New Report Now Available at MarketPublishers.com
14 Dec 2017 • by Natalie Aster
LONDON – In 2017, the value of the world’s mass flow controller (MFC) market has crossed USD 1.019 billion. This market is predicted to maintain steady growth at a modest 5.4% CAGR during 2017-2023 to exceed USD 1.39 in value terms.
The major growth drivers of the mass flow controller market comprise new product launches, uptake in business activities in this sphere (partnerships, agreements, contracts, etc.), continued expansions of the top players and also surging demand for mass flow controllers from the semiconductor industry for different applications as well as strong demand from a range of renewable energy applications, and also elevating demand for mass flow controllers with ultra-low flow rate from different medical and industrial applications.
Still, the mass flow controllers market also faces certain challenges, for example, the variation in differential pressure of the mass flow controller creates offset in the flow measurement.
Through to 2023, the semiconductor industry is anticipated to remain the leading consumer of mass flow controllers; this end-use sector is poised to rise at the highest CAGR.
Regionally, the highest growth rates are expected in the APAC market for mass flow controllers. Robust growth in this regional market is attributed to such factors as increasing population number in emerging countries and steady growth in the key end-use industries.
New research report “Mass Flow Controller Market by Material, Connectivity Technology, Flow Measurement, Application, Industry, and Geography - Global Forecast to 2023” prepared by MarketsandMarkets (M&M) offers a close look at the current scenario and top trends in the world’s market for mass flow controllers. It includes reliable qualitative and quantitative data on both historical and actual market performance at different geographical levels. Besides, this study highlights the market dynamics and major influencing factors, discusses the emerging growth challenges and opportunities, delves into the competitive scene and provides relevant info on the top companies active in this marketplace. Additionally, a future outlook through to 2023 is provided.
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