Europe Mass Flow Controller Market size crossed USD 100 million in 2020 and is estimated to expand at over 4% CAGR between 2021 and 2027.
The market demand is credited to the increased usage of the equipment in various power generation & energy plants for air sampling in nuclear power plants, combustion air measurement in large boilers, gas chromatography, and among others. These devices are used to efficiently regulate the supply of gas & liquid compounds and have a very low sensitivity that can detect pilot light in natural gas lines.
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The Europe mass flow controller market players are continuously inclined toward new product innovations to cater to high demand in various gas flow applications. For instance, in May 2021, ABB announced the launch of a new edition of electromagnetic and coriolis flowmeters incorporated with power over ethernet (PoE) feature for process engineers. This feature will allow the users to increase the flexibility, reliability, and simplicity of operations in process automation.
The exotic alloys material type segment will register growth of 5% during the projected period. The increased demand for exotic alloy mass flow controller is attributed to the superior mechanical properties such as exceptional oxidation, deformation, and corrosion resistance under extreme pressures and temperatures.
The growth of the exotic alloy mass flow controller will be fueled by the rising demand for long-term and corrosion-free flow controllers from offshore marine, petrochemical, and other industries over the forecast period. The companies operating in the mass flow controller market are continuously inclined toward new and innovative product launches to cater to the demand from the industries. For instance, in January 2019, Icenta, a turbine flow meter manufacturer based in the UK, has launched a new portfolio of exotic turbine flow meters for the water injection application. It is an introduction to its “Metri Measurements” range customized from super duplex & 6MO body exotic materials.
UK mass flow controller market is predicted to observe 4.5% growth rate till 2027, led by the rising demand for chemical & water waste treatments in industrial applications. Water scarcity in Europe and other countries in the region has compelled the development of efficient treatment processes to carry out sustainable and dependable operations in petroleum refineries and chemical plants. This is expected to increase the demand for chemicals and wastewater treatment in oil & gas and chemical plants.
Governments are taking initiatives by launching new regulations and guidelines to take appropriate measures for chemical waste treatment. For instance, in November 2020, the Environment agency of UK government published various appropriate measures for chemical waste treatment in permitted facilities. The various listed measures include waste storage, segregation, handling, emission control & monitoring, and use of material flow analysis to monitor hazardous properties of wastes and others.
The prominent companies operating in the Europe mass flow controller market are Azbil Corporation, Bronkhorst High-Tech B.V., Horiba, Ltd., PARKER HANNIFIN CORP, and Sensirion AG, among others.