Rising Demand for Mass Flow Controllers in Industrial Markets
Key Ideas
- The global market for mass flow controllers reached $1.5 billion in 2024 and is expected to grow at a rate of 6.3% annually through 2029.
- Industrial markets, including the adoption of hydrogen as a clean energy source, are driving the expansion of mass flow controllers.
- Strong growth areas in industrial markets for mass flow controllers include lab-grown diamonds, hydrogen measurement in fuel cells, solar photovoltaic cells, and gas distribution.
- Emerging markets like China, India, and Southeast Asia are contributing significantly to the demand for mass flow controllers due to rapid economic growth and infrastructure development.
The article discusses the findings of a recent Flow Research study on the global market for mass flow controllers. It reveals that the market totaled $1.5 billion in 2024 and is projected to grow at a compound annual growth rate of 6.3% through 2029, surpassing $2.0 billion by then. While the semiconductor industry remains a key driver, the industrial market is growing faster, with segments like lab-grown diamonds, alternative fuels, solar photovoltaic cells, and gas distribution showing rapid expansion. Mass flow controllers are crucial in various industries, including hydrogen measurement in fuel cells and electrolyzers, solar cell manufacturing, battery production, and energy storage technologies. The demand for mass flow controllers is also rising in emerging markets such as China, India, and Southeast Asia due to their economic growth and infrastructure development. Dr. Jesse Yoder, president of Flow Research, expresses optimism about the future of mass flow controllers, highlighting their importance in sectors like alternative energy. Overall, the sentiment of the article towards mass flow controllers is positive, emphasizing their role in driving innovation and growth in industrial markets.