Mass Flow Controller Market Share

APAC Market Forecast

The mass flow controller market in Asia Pacific is projected to be the largest with a share of about 35% by the end of 2037. The growth of the market can be attributed majorly to the increasing government initiatives for developing new water management technologies. Union Minister of India provided the fund to Kritsnam Technologies to develop the technology. Moreover, the other initiatives, such as Atal Bhujal Yojna a Central Sector Scheme of USD 720 Billion is further expected to drive the demand for flow meter.

North American Market Statistics

The North America mass flow controller market is estimated to have a significant share of about 24% by the end of 2037. The growth of the market can be attributed majorly to the rising use of fuel cells. In 2020, the United States Department of Energy established the Million Mile Fuel Cell Truck Consortium to advance research and development initiatives in order to disseminate the technology throughout the United States highway system. Moreover, owing to these initiatives, the cost of hydrogen fuel cell EVs will reduce and heavy trucks will be able to give over a 500-mile range by 2037.