Published Date : Feb 12, 2018
Albany, New York, February 12, 2018: A recent market research report added to the large research portfolio of MarketResearchReports.biz, titled, “Mass Flow Controller Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 - 2026” presents an exhaustive picture of this market by shedding light on associated determinants. With an ability to exert precision control over the rate of flow of gases and liquids, the oil and natural gas industry commonly exhibits the use of these controllers.
Based on flow rate, product type, applications, material type, and region, the global mass flow controller market is split into many segments. With applications in perspective, as compared to others, the oil and gas segment has embraced a dominant position. This is mainly due to the controller equipment being commonly required for managing processes dealing with the oil and gas extraction. Besides the oil and gas sector, the flow controllers also play a crucial role in the functioning of waste water treatment plants and chemical industries. In this way, these sectors hold the runners-up segment position for clocking significant revenue valuations. Based on region, the global mass flow controller market is cleaved into five key segments: Europe, Asia Pacific excluding Japan, South America, North America, and Middle East and Africa. Owing to strict and favorable governmental regulations imposed in Europe, this region is anticipated gain maximum revenue in future, thus becoming a leading segment.
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Riding on the back of rising wastewater treatment water purification processes, the worldwide mass flow controller market is prognosticated to receive a large boost, especially during the forecast period from 2017 – 2026. Innovations taking place in the semiconductor industry is a primary factor causing surges in the sales of mass flow controller equipment. By virtue of cost effectiveness and precision characteristics of these controllers, a notable surge their requirement is occurring all over globe, thus driving the market. The controllers automatically regulate the flow of gas or liquids at particular flow rate ranges, which makes them largely preferable for sensitive operations in the oil and natural gas industry. This factor is highly responsible for providing a tailwind to the market. Numerous opportunities are expected to develop in the mass flow controller market, with regards to emission monitoring systems, as a result of gas pressure changes detected by the controllers.
In contrast to these driving factors, the global mass flow controller market is affected by several obstacles, leading to its growth getting hampered. Shifts in flow management as a result of pressure variation could make it difficult to operate the equipment in different conditions, thereby discouraging certain industries from using it. Initial high prices required for installing the controllers might also lead to less investments by potential clients in this market. Another factor stalling the market’s growth involves the difficulty encountered while maintaining a stable position of the mass controller units. If the device gets tilted or lowered, low quality and variable resistance outputs could get generated from the attached sensors, thus reducing preference for investing in these devices, ultimately restraining market’s growth. However, this picture is soon anticipated to change as high-end innovations carried out by key market players are expected to erase or at last reduce the effects of these restraints.
The presence of powerful companies manufacturing the mass flow controller equipment, suggests an existence of a tough competitive landscape in this market. Most businesses vie for producing better quality equipment along with improved performance of devices and affordable prices. Prominent companies such as MKS Instruments, Bronkhorst High-Tech B.V., Horiba Ltd., Brooks Instruments, Parker Hannifin Corporation, have grabbed the key players’ spots in the global mass flow controller market.
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