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North America Mass Flow Controller Market Forecast 2027 By Flow Rate (Low Flow Rate, Medium Flow Rate, High Flow Rate), By Material Type (Stainless Steel, Exotic Alloys), By Product Type (Differential Pressure Flow Meter, Thermal Mass Flow Meter, Coriolis Mass Flow Meter), By Connectivity Technology (Analog, Profibus, RS-485, ProfiNet, EtherCAT, Ethernet/IP, Modbus RTU, DeviceNet, Foundation Fieldbus), By Industry Vertical (Oil & Gas, Pharmaceutical, Food & Beverages, Chemical, Healthcare & Life Science, Semiconductor, Water & Wastewater Treatment), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
Published Date: August 2021 | Publisher: Graphical Research Report ID: GR1915 | Delivery : PDF  Request Free Sample

North America Mass Flow Controller Market size surpassed USD 150 million in 2020 and is expected to witness over 5% growth from 2021 to 2027. The market growth is due to rising adoption of renewable sources for power generation such as solar and wind energy. These devices are used to efficiently manage the supply of gases and liquid chemical compounds during the production of photovoltaic solar cells.

North America Mass Flow Controller Market Report, By Region

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Many electric and gas utilities announced investment plans to accelerate the production of green hydrogen for use as a source in power generation as a part of their decarbonization strategy, providing momentum to these projects in the U.S. For instance, in July 2020, NextEra Energy, a renewable generator company based in the U.S., announced an investment of USD 65 million to build a green hydrogen plant for generating power and light in Florida. With this facility, the company will use 20 MW electrolyzer for the generation of green hydrogen from solar power.

North America Market, By Material Type

The stainless-steel material type in the North America mass flow controller market is set to register 5% growth rate during the forecast timeline, attributed to the rising demand for continuous processing applications in the pharmaceutical sector in the US. For bioprocessing systems to manage the flow of diverse gases into bioreactor chambers, stainless steel offers high pressure, temperature, minimal maintenance, corrosion, and chemical resistant properties. In May 2020, Festo launched the VEMD flow control valve equipped with piezo technology, which is eminently ideal for healthcare & pharmaceutical and other industrial applications.

North America Market, By Material Country

Canada mass flow controller market will hold around 15% revenue share and is poised to expand at a CAGR of 3% through 2027. This growth can be credited to the growing number of funding activities and infrastructure development initiatives for the oil & gas industry by the government to strengthen the country’s economy. For instance, in 2021, Alberta, a Canadian province, invested USD 1.5 billion to start the construction project of Keystone XL pipeline expanding the market access. The employment of mass flow controllers in the oil & gas sector is fueled by processes such as production, distribution, treatment, and processing of hydrocarbon fluids, gases, and generated compounds.

Competitive Industry Landscape

Key players that are dominating the North America mass flow controller market share are Aalborg, Teledyne Hastings Instruments, OMEGA Engineering Inc, Dwyer Instruments, Inc, Alicat Scientific, among others.

These companies are focusing on developing and innovating technically advanced products to maintain their position in the market. For instance, in January 2020, Sierra Instruments introduced a new portfolio of MEMS thermal mass flow controllers & meters including RedySmart, RedyCompact, and thermal SmartTrak series.  
 

Frequently Asked Question(FAQ) :

The industry size for mass flow controller in North America reached a value of USD 150 million in 2020 and will expand at more than 5% CAGR over 2021-2027 with increasing adoption of renewable sources for electricity generation.
The stainless-steel mass flow controller segment could grow at a robust CAGR of 5% up to 2027 due to rising demand from the pharmaceutical sector.
The market for mass flow controller in Canada is expected to account for 15% of the regional share by 2027, partly owing to investments in the oil and gas industry.
Key vendors such as OMEGA Engineering Inc., Alborg, Dwyer Instruments, Inc., Teledyne Hastings Instruments, Alicat Scientific, among others dominate the North America industry.

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