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In terms of material, the exotic alloys segment is anticipated to observe over 7% growth rate till 2032, owing to a range of benefits offered by exotic alloy mass flow controllers. MFCs made of exotic alloys have superior oxidation resistance and can withstand extreme pressure. The increased integration of these materials-based MFCs across several end-use verticals, including healthcare, food & beverages, and wastewater treatment industries for continuous processing applications.
The low flow rate mass flow controller market segment is expected to record sales of more than 1.5 million units by 2032. Low flow rate MFCs offer precise control over gas and liquid flow rates, boosting their adoption across several industries, such as F&B, semiconductor, and chemical. Besides, the capability of these devices to provide high-accuracy, repeatable density, and mass flow measurements even under changing or unknown percentage composition of liquid will positively influence the industry landscape.
Based on type, the thermal mass flow meter segment amassed over 50% of the mass flow controller market share in 2022 and is poised to depict an appreciable valuation by 2032. The increasing utilization of thermal mass flow meters in several gas flow applications will support segment expansion over the next ten years. These devices are easy to maintain and offer on-site installation along with exceptional resistance to density, pressure, and dynamic temperature.
With respect to connectivity technology, the profinet segment is speculated to reach around USD 200 million by 2032. Profinets utilize distributed IO mechanisms, which allow users to save a considerable amount on installation and wiring, making it a significantly affordable technological alternative to its counterparts. The increased cognizance of profinets as a suited technology to meet intricate automation requirements in hybrid, process, motion control, and discrete applications will create favorable growth prospects for the MFC industry.
The mass flow controller market share from the food & beverages application stood at over 10% in 2022. The consistently rising income levels and changing buyer behavior has resulted in an escalating demand for processed and packaged food items. MFCs are widely integrated to streamline operations and improve the exactness of quality control and measurement in food manufacturing processes.
The Europe mass flow controller market size is slated to depict more than 6% gains up to 2032. The expanding drug pipeline and the increasing drug and vaccine development projects across the European region, owing to the presence of key pharmaceutical manufacturing firms such as AstraZeneca, Pfizer, Inc., and Novo Nordisk, will fuel the regional growth trends. Besides, the proliferating manufacturing sector and a robust industrial outlook across the region will stimulate the industry revenue streams.