Mass Flow Controller Market Trends

Growth Drivers

• Rising Investment for Space Research – Global government spending on space programs is expected to reach a new high of roughly 103 billion US dollars in 2022. Higher investment will lead to new space projects, which increases the demand for mass flow controller since space research requires highly accurate control of liquids and gases in different systems.
• Increasing Volume of Wastewater– Globally, 380 billion m3 of municipal wastewater is produced each year. By 2030, wastewater production is predicted to increase by 24%. Wastewater has various chemicals, therefore mass flow controller helps in controlling the pH, and flocculation of this wastewater.
• Rising Demand for Industrial Automation– It is a quickly evolving instrument, and organizations continue to discover its full utilization. Automation is presently used to some level by at least 67% of businesses globally. Mass flow controllers automate the adjustment in flow rates, thus reducing the influence of human errors on important procedures.

Challenges

• High Complexity of the Technology- Mass flow controller technology is complex, necessitating specialized knowledge for effective installation, testing, and servicing. This complexity can slow down adoption and increase reliance on skilled technicians.
• High competition from other alternative technology
• Frequent changes in the industry’s standards