Global Oil and Gas Mass Flow Controller Market - 2024-2031

Overview

Global Oil and Gas Mass Flow Controller Market reached US$ 1.75 billion in 2023 and is expected to reach US$ 3.13 billion by 2031, growing with a CAGR of 7.54% during the forecast period 2024-2031.

A mass flow controller is a precise device engineered to measure and control the flow rate of gases or liquids. The rising investments in semiconductor and electronics manufacturing, along with the heightened emphasis on hydrogen fuel cells as sustainable energy sources, are driving the need for the mass flow controller industry. Moreover, makers of mass flow controllers are persistently innovating the product to ensure its compatibility with the IoT environment.

High-temperature mass flow controllers and Coriolis mass flow controllers are implemented for enhanced precision and compatibility with various communication protocols, including Ethernet and PROFIBUS. The market for Mass Flow Controllers Growth is witnessing substantial expansion propelled by the rising demand for accurate and efficient flow control in sectors including semiconductors, pharmaceuticals, chemicals and energy. With technological improvements facilitating more automation and precision in manufacturing processes, MFCs are increasingly indispensable for assuring accurate monitoring and regulation of gas or liquid flows.

Asia-Pacific region possesses the greatest market share due to expanding industrial economy, particularly in high-tech sectors like semiconductors, autos and chemicals, need precise and efficient flow control products. Furthermore, the recent establishment of semiconductor and electronics manufacturing infrastructures in nations like India generates significant demand for advanced automation systems. Moreover, advantageous governmental policies and evolving energy consumption trends favoring energy-efficient products guarantee the sustained viability of the mass flow controller market.

Dynamics

Rising Demand in Renewable Energy

The utilization of Oil and Gas Mass Flow Controllers (MFCs) in renewable energy applications is increasing, propelled by the industry's emphasis on efficiency and accuracy. In renewable energy sectors such as hydrogen production, biogas and fuel cells, MFCs are essential for precisely managing gas flows. In hydrogen fuel cells, MFCs facilitate the accurate supply of hydrogen and oxygen, hence enhancing the energy output and efficiency of the cells. In biogas generation, MFCs facilitate the regulation of gas flow to sustain optimal conditions for anaerobic digestion.

With the expansion of the renewable energy sector and ongoing technical breakthroughs, the demand for dependable and precise MFCs in these applications is anticipated to rise. In February 2024, Burkert launched two specialized solenoid valves tailored for hydrogen fuel cell applications: the Type 6440 Safety Shut-Off valve and the Type 6020 Proportional Control valve. These developments seek to facilitate decarbonization initiatives across multiple sectors, including stationary electricity, automotive and transportation.

Government Incentives Fuels Demand

Governments around the Asia-Pacific region are undertaking substantial initiatives to enhance semiconductor production. Consequently, the demand for mass flow controllers has proliferated throughout the region. Prominent nations, including China, Taiwan, South Korea and Japan, are offering diverse incentives such as subsidies, tax breaks and grants to entice investments from semiconductor firms. The aim is to enhance domestic capabilities. These incentives are essential for applications necessitating accurate flow, hence rendering the utilization of mass flow controllers imperative.

The formation of semiconductor clusters in nations such as Taiwan and South Korea has resulted in the creation of specialized ecosystems. These clusters, propelled by governmental infrastructure and policies, centralize semiconductor manufacturing activities and generate heightened demand for mass flow controllers to ensure the precision required for semiconductor manufacture.

Calibration Challenges

A limitation in the mass flow controller market is its reliance on calibration, which affects operational efficiency and precision. The mass flow controller is employed for precise gas flow regulation in industries including semiconductor manufacture, chemical processing and pharmaceuticals, necessitating periodic calibration to ensure the device's measurements align with a standard. This procedure is highly intricate and labor-intensive, necessitating the calibration of internal sensors and flow metrics.

The device under evaluation is linked in series with the reference device to obtain identical flow measurements. The measurements acquired from the reference device and the mass flow controller are evaluated for precision. Mass flow controllers are calibrated with gases like nitrogen, oxygen, argon, helium, hydrogen, methane, natural gas, propane, ammonia, carbon dioxide and various others in mixed gas combinations. This calibration method is typically adequate for applications requiring lower accuracy. Applications demanding great accuracy and precision necessitate calibration with the actual operating gas.

Segment Analysis

The global oil and gas mass flow controller market is segmented based on product, material, media, flow rate, technology, connectivity and region.

Stainless Steel Extensive Application And Proven Dependability Across Several Sectors

Stainless steel is preferred because of its superior corrosion resistance, durability and economic efficiency. These attributes render it an optimal selection for various industrial applications, such as semiconductor fabrication, chemical processing and food and beverage production. Its durability and capacity to endure adverse conditions enhance its appeal, as it guarantees sustained performance and minimizes the necessity for regular replacements or maintenance, providing a more cost-effective option over time.

Moreover, stainless steel is more accessible and simpler to produce than exotic alloys, which frequently necessitate specialist processing and incur greater expenses. The availability and reduced production cost render stainless steel a more accessible choice for various applications, spanning standard industrial processes to specialty purposes. The equilibrium of performance, cost and integration simplicity propels its market supremacy, as businesses want dependable and economical solutions for accurate flow regulation.

Geographical Penetration

Due To Developed End-User Sectors North America Control The Market Share

The North American region hosts prominent semiconductor manufacturers, biotechnology enterprises, research institutes and aerospace corporations that depend on accurate gas flow regulation for their operations. As these industries progress and integrate advanced technology, the demand for MFCs increases to fulfill their rigorous standards for precision, dependability and efficiency.

The US leads the worldwide semiconductor manufacturing sector, with Silicon Valley serving as a key center for semiconductor enterprises, research institutes and technical advancement. The semiconductor sector depends significantly on mass flow controllers (MFCs) to regulate the flow of process gases in fabrication techniques such chemical vapor deposition (CVD), plasma etching and thermal processing. With the advancement of semiconductor technology and the increasing complexity of chip designs, the demand for accurate gas flow regulation offered by mass flow controllers (MFCs) is on the rise.

Competitive Landscape

The major global players in the market include HORIBA, Ltd., Sensirion AG, MKS Instruments, Teledyne Technologies Incorporated, Bronkhorst, Brooks Instrument, Christian Burkert GmbH & Co. KG, Sierra Instruments, Inc., Alicat Scientific Inc., PARKER HANIIFIN CORP

Russia-Ukraine War Impact Analysis

The Russia-Ukraine conflict has markedly disturbed global oil and gas markets, resulting in heightened demand for accurate flow control systems such as mass flow controllers. Europe, once dependent on Russian natural gas, has transitioned to alternative supplies, necessitating improved infrastructure to accommodate new sources of LNG and oil.

This change has resulted in increased expenditures in flow control systems, such as mass flow controllers, to guarantee precise measurement and effective distribution. In 2023, European gas imports from nations such as the US increased by 63%, resulting in heightened demand for sophisticated flow controllers in pipelines and LNG terminals.

Furthermore, the conflict has induced price instability in the oil and gas markets, compelling producers to enhance production procedures. As Brent crude oil surged to $139 per barrel in early 2022, the necessity for accurate flow measurement has become imperative for cost management and operational efficacy.

Product

• Accuracy
• Seals

Material

• Stainless Steel
• Alloy

Media

• Gas Mass Flow Controller
• Liquid Mass Flow Controller

Flow Rate

• Low Flow (<= 25 SLM) Mass Flow Controller
• Medium Flow (>25 SLM - <=1000 SLM) Mass Flow Controller
• High Flow (>1000 SLM) Mass Flow Controller

Technology

• Thermal-based Mass Flow Controller
• Coriolis-based Mass Flow Controller
• Differential Pressure-based Mass Flow Controller

Connectivity

• Analog
• Digital
  • Profibus
  • RS-485
  • ProfiNet
  • EtherCAT
  • Ethernet IP
  • Modbus RTU
  • Modbus TCP/IP
  • DeviceNet
  • Foundation Fieldbus

By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In April 2024, Bronkhorst increased their product range, improving adaptability and precision in gas flow measurement and regulation. The newest models in the FLEXI-FLOW Compact series incorporate unique enhancements, including devices engineered for reduced flow rates.
• In March 2024, Brooks Instrument launched the GF120xHT Series, a thermal mass flow controller designed for high-temperature applications. This novel controller is designed to manage solid and liquid precursors vital for semiconductor production.
• In February 2024, Alicat Scientific, Inc. expanded its BASIS 2 series of cost-effective MEMS thermal mass flow controllers and meters by introducing a higher flow range, thereby augmenting the product line.
• In September 2023, Brooks Instrument launched a new generation of Quantim QMC Coriolis mass flow controllers, designed to provide excellent precision for very low flow rates of liquids and gases.

Why Purchase the Report?

• To visualize the global oil and gas mass flow controller market segmentation based on product, material type, media type, flow rate, technology, connectivity and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of the oil and gas mass flow controller market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global oil and gas mass flow controller market report would provide approximately 86 tables, 78 figures and 224 Pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies