(MENAFN Editorial) ALBANY, New York, Jan. 09, 2018 (GLOBE NEWSWIRE) -- The has been prognosticated to be characterized by the presence of scores of powerful players. Key companies operating in the market could be engaged in a tough competition based on product innovation, quality, support services, price, and performance. The market could include prominent companies such as Brooks Instruments, Bronkhorst High-Tech B.V., Parker Hannifin Corporation, MKS Instruments, and Horiba Ltd. Transparency Market Research (TMR) has published a new report on the market which gives a broad account of some of the crucial growth factors, restraints, and business opportunities about to show face in the foreseeable future.
According to TMR, a revenue valuation of US$1.3 bn could be achieved by the global mass flow controller market by the completion of 2026 at a CAGR of 8.8% during the forecast tenure 2017-2026. In 2017, the market had attained a valuation of US$0.6 bn. As per type of product, the coriolis mass flow meter segment could account for a larger share in the coming years. By region, Europe has been anticipated to take a lion's share of the market while earning a US$0.4 bn by the end of the forecast tenure.
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Increasing Need for Water and Wastewater Treatment Creates Lucrative Application
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Differential Pressure Variations Causing Offset in Flow Management Deter DemandThe offset created in flow management due to variations in the differential pressure of mass flow controller could hamper the demand in the international market. Moreover, the rise in strategic component price has been predicted to slow down the increase in the demand for mass flow controller. The mounting position of mass flow controller could be another factor deterring market growth. However, profit-making applications of mass flow controller in a range of industries such as metals and mining, semiconductor, and chemicals could counterbalance the loss in growth for the coming years. Furthermore, new applications of ultra-low flow rate mass flow controller in a number of medical and industrial fields have been foreseen to set the tone for a valuable growth of the market.
The information presented in this review is based on a TMR report, titled 'Mass Flow Controller Market (Product - Differential Pressure Flow Meter, Thermal Mass Flow Meter, and Coriolis Mass Flow Meter; Material - Differential Pressure Flow Meter Stainless Steel and Exotic Alloy; Flow Rate - Low Flow Rate, Medium Flow Rate, and High Flow Rate; Application - Chemicals, Oil and Gas, Pharmaceuticals, Metals and Mining, Semiconductor, Water and Wastewater Treatment, Pulp and Paper Processing, and Nuclear Power Facility) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2026.'Purchase this Report at
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