Material (Exotic Alloys, Bronze, Stainless Steel, Brass)
The exotic alloys segment is estimated to account for 50% share of the global mass flow controller market in the year 2037. Mass flow controllers are supposed to have high strength so that they can tolerate the high internal pressure created by controlling and containing the pressure of different fluids and gases. All the chemical reactions on the equipment can lead to corrosion which causes the metal breakdown. Therefore, the use of exotic alloys as the core material has becomes increasingly important to prevent corrosion and get efficient results. The common exotic alloys that are used in mass flow controllers are titanium, nickel, and nickel-aluminum, bronze.
Product (Differential Pressure Flow Meter, Thermal Mass Flow Meter, Coriolis Mass Flow Meter)
Mass flow controller market from the thermal mass flow meter segment is expected to garner a significant share of around 40% in the year 2037. The growth of the segment is attributed to the rising manufacturing of chemicals and the rising need for refining petrochemicals. The high accuracy of thermal mass flow meter and high reliability makes them very popular across different end-user industries. In 2021, the overall global refinery capacity for petroleum products was roughly 101 million barrels per day. Nevertheless, global refinery throughput was more than 79 million barrels of oil per day.
Our in-depth analysis of the global market includes the following segments:
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Author Credits: Abhishek Verma
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