Mass Flow Meters Market Segmentation:
By Type (Direct Type, Indirect Type), By Application (Pharmaceutical, Chemical & Petrochemical, Electronics Manufacturing, Metallurgy, Energy & Power, Others), By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa), Vendor Landscape, End-use Landscape, and Competitor Analysis
Mass Flow Meters Market Insights
The demand for mass flow meters is expected to grow at a high CAGR over the forecast period. The increasing need for accuracy and precision in the pharmaceutical, chemical, and energy & power industry among others is expected to increase the demand for meters over the coming years. One of the major advantages of mass flow meters are that they can efficiently measure and control liquid, gas, and steam flow rates in extreme temperatures.
Mass flow meters are used widely in thermal and cutting processing, semiconductor production and pharmaceutical bioreactors. The mass flow meters market has a large number of suppliers aiming to manufacture and sell products at competitive prices. The rapidly evolving manufacturing sector in Asia Pacific combined with fast technology adoption rate in the North American and European market is projected to augment market growth.
Continuous manufacturing process used in the pharmaceutical and chemical industry is projected to foster market demand over the forecast period. Automation streamlining as well as meticulousness needed in the pharmaceutical and chemical industry are anticipated to increase the preference for mass flow meters across the world.
Mass Flow Meters Market: Type Insights
Mass flow meters are segmented by type into direct and indirect. Volumetric flow meters such as ultrasonic, magnetic, positive displacement, etc are integrated with flow computers and pressure & temperature measurement in order to gauge mass flow. However, ATMF thermal mass flow, Coriolis flow meter, and vortex flow meter are direct mass flow measurement controllers.
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Mass Flow Meters Market: Application Insights
Mass flow meters are used to accurately control and measure flow in manufacturing facilities. This equipment is widely used in the pharmaceutical, energy & power, chemical & petrochemical, and metallurgy industry among others. Mass flow meters are also used to measure process performance, thereby, it is very important to increase plant efficiency.
Mass Flow Meters Market: Regional Insights
The demand for mass flow meters in Asia Pacific is projected to grow at a high CAGR over the coming years. The increasing need for automation across industries is expected to boost the demand for Mass Flow Meters over the forecast period. India, China, Japan and other countries are expected to experience high industrial growth and technological adoption.
Companies in North America and Europe are expected to invest huge amounts in development of advanced and automated systems to increase efficiency and accuracy. Increasing manufacturing activities coupled with high energy consumption is projected to foster market growth over the coming years.
Mass Flow Meters Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase mass flow meters over the coming years. Some leading consumers in the pharmaceutical industry include Pfizer, Novartis, Roche, and Merck & Co.
Mass Flow Meters Market: Competitive Landscape
Prominent players in the market include Alicat Scientific, Advanced Energy, Bürkert Fluid Control, Horiba STEC, Sierra Instruments, Bronkhorst High-Tech, Brooks Instrument, Celerity Group, Hitachi Metals, MKS Instruments, Teledyne Hastings, Tokyo Keiso, and Yamatake Corporation among others.
In August 2017, Alicat Scientific integrated its MCE mass flow meters into MDC Vacuum Products’ XpressStick MFC Gas Stick. This product links the pressurized gas inputs to vacuum chambers. In November 2017, Major Science launched Winpact Mass Flow meters which can be integrated with fermentor or bioreactors. New product developments and technological advancements are key in order to gain a competitive edge in the mass flow meters market.
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