North America mass flow controller market forecast grow with the growing use of renewable energy sources for power generation. Mass flow controllers measure and control the flow of liquids and gases. And, as hydrogen becomes vital in our energy system, it is critical to understand that technological progress must keep up with this expansion. When hydrogen and oxygen are combined in a fuel cell, they produce electricity as well as water and heat as byproducts. Because of these properties, hydrogen is known as a desirable fuel alternative and input for a variety of industrial uses.
Several market leaders are investing in R&D equipment for hydrogen generation, conversion, and storage, allowing this industry to scale up production while decreasing design costs. Total North America mass flow controller market size is projected to exceed USD 250 million by 2027. Teledyne Hastings Instruments, Aalborg, OMEGA Engineering Inc, Alicat Scientific, and Dwyer Instruments, Inc, are among the leading manufacturers of mass flow controller market in North America.
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Pioneering the use of green energy sources across North America, which indicate a substantial demand for mass flow controllers across the sector:
- The U.S. Department of Energy announced $52.5 million in funding for 31 projects in July 2021, to promote next-generation clean hydrogen technologies and for supporting DOE’s recently introduced Hydrogen Energy Earthshot effort. These 31 projects will focus on minimizing technological gaps in hydrogen generation, storage, distribution, and usage technologies, including fuel cells, opening the path for the electrical industry, which is to be decarbonized by 2035.
- NextEra Energy declared in July 2020 that it will invest approximately $65 million in the building of a green hydrogen plant in Florida that will create electricity and light. To generate green hydrogen, the group intends to employ around 20 MW electrolyzers.
- The Renewable Hydrogen Ecosystem project is one of the proposals submitted to the DOE for approval. It is a project at the University of California, which will use hydrogen generated by solar and wind energy to power a zero-emissions energy system on the UCI campus. If this initiative is successful, it will demonstrate a scalable approach that can be reproduced by metropolitan areas throughout the world to reach zero emissions.
U.S. mass flow controller market size is predicted to develop at a CAGR of 6% through 2027. The regional semiconductor industry is receiving a torrent of investments from both, public and private institutions, shaping North America market trends. For example, the United States government, in April 2021, pledged USD 50 billion in support of production incentives, R&D, and growth of the regional semiconductor sector. There is a consistent use of mass flow controllers for regulating and monitoring gas in semiconductor chip manufacturing processes such as plasma etching, chemical vapor deposition (CVD), and backside water cooling.
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Stainless steel, a raw material used to manufacture mass flow controller devices, is projected to gain popularity among end users in the study period. North America mass flow controller market share from the stainless-steel segment will grow at a steady CAGR of 5% between 2021 and 2027. One important cause for this is the strong demand from the pharmaceutical industry in the United States. Bioprocessing systems must control the flow of various gases into bioreactor chambers. In North America, stainless steel is the material generally chosen for this application.
Table of Contents (ToC) of the report:
Chapter 1 Methodology and Scope
1.1 Research methodology
1.2 List of data sources
Chapter 2 Executive Summary
2.1 North America mass flow controller market snapshot
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Material type trends
2.1.4 Flow rate trends
2.1.5 Product type
2.1.6 Connectivity technology trends
2.1.7 Industry vertical trends
Chapter 3 North America Mass Flow Controller Market Insights
3.1 Industry coverage
3.2 Industry size, 2016 – 2027
3.3 Impact of COVID-19 pandemic
3.4 Value chain analysis
3.4.1 Company product snapshot
3.5 Innovation landscape
3.6 Regulatory norms & directives
3.7 Drivers & restraints
3.7.1 Market drivers
3.7.2 Market restraints
3.8 Industry analysis – Porter’s
3.9 Competitive benchmarking, 2020
3.9.1 Strategy dashboard
3.10 PESTEL analysis
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