1. Market Research
  2. > Automotive
  3. > Auto Parts Market Trends
Microfluidic Components Market by Product, Industry - Global Forecast to 2024

Microfluidic Components Market by Product, Industry - Global Forecast to 2024

  • May 2019
  • 164 pages
  • ID: 5779466
  • Format: PDF
  • MarketsandMarkets

Summary

Table of Contents

Search Inside

The global microfluidic components market is projected to grow at a CAGR of 20.0%.
The microfluidic components market is expected to reach USD 53.7 billion by 2024 from an estimated USD 21.6 billion in 2019, at a CAGR of 20.0%. The growing demand for smart and intelligent flowmeters, sensors, and advanced pumps in high-end industries; technological advancements; increasing focus on data precision and accuracy; and the growing demand for miniature portable devices are the primary growth factors for this market. The need for the constant replacement of valves, rising number of refineries and petrochemical plants, and the increasing application areas of the microfluidics technology are expected to offer significant growth opportunities for players in this market. However, standardization and commercialization of components are the major market challenges.

The valves segment is expected to grow at the highest rate during the forecast period.
On the basis of product, the microfluidic components market is segmented into valves, micropumps, nozzles, pressure controllers, microneedles, connectors, tubing, and other components.The valves segment is projected to witness the highest growth in the microfluidic components market during the forecast period.

Growth in this segment is largely driven by the diverse functionality of valves in various industrial sectors and the increasing automation across all industries.

The oil & gas industry is expected to account for the largest market share in 2019.
The oil & gas industry segment is expected to hold the largest share of the microfluidic components market. The growing demand for maintenance of refineries and the increasing number of oil exploration projects across the world are factors contributing to the larger share of this segment.

The Asia Pacific region is likely to be the fastest-growing market for players operating in the microfluidic components market.
Although North America is expected to account for the largest share of the global microfluidic components market in 2018, the Asia Pacific is expected to witness the highest CAGR during the forecast period. Increasing industrialization, investments in water infrastructure, growth in various industries (such as chemicals, power & energy, and aerospace), the increasing number of infrastructural development projects (especially in China and India), rising standard of living, and growing urbanization are factors driving the growth of this regional segment.

A breakdown of the primary participants referred to for this report is provided below:
• By Company Type: Tier 1 (35%), Tier 2 (40%), and Tier 3 (25%)
• By Designation: C-level (35%), Director-level (25%), and Others (40%)
• By Region: North America (35%), Europe (30%), Asia Pacific (15%), Latin America (10%), and the Middle East & Africa (10%)

The prominent players in the global microfluidic components market include Parker Hannifin Corporation (US), Camozzi Automation Spa Società Unipersonale (Italy), Staiger GmbH & Co. KG (Germany), Vesta Automation Srl (Italy), Metal Work S.p.A. (Italy), Fortive Corporation (US), Aignep s.p.a. (Italy), FIM Valvole Srl (Italy), International Polymer Solutions (US), The Lee Company (US), Humphrey Products Corporation (US), and Dolomite Microfluidics (UK).

Research Coverage:
The report analyzes the market for various microfluidic components and their adoption patterns.It aims at estimating the market size and future growth potential of the global microfluidic components market and different segments such as product, industry, and regions.

The report also includes an in-depth competitive analysis of the key players in this market along with their company profiles, product & service offerings, and recent developments.

Reasons to Buy the Report
The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them garner a greater share. Firms purchasing the report could use one or any combination of the below-mentioned five strategies for strengthening their market presence.

This report provides insights on the following pointers:
• Market Penetration: Comprehensive information on the product portfolios offered by the top players in the global microfluidic components market
• Product Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the global microfluidic components market
• Market Development: Comprehensive information on the lucrative emerging regions by product, industry, and region
• Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the global microfluidic components market
• Competitive Assessment: In-depth assessment of market ranking, growth strategies, revenue analysis, and products of leading players in the global microfluidic components market

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Automotive Interiors Market - Growth, Trends, and Forecast (2020 - 2025)

  • $ 4250 - $ 3613 - Get 15% off now!
  • October 2020
  • 110 pages

The automotive interiors market is anticipated to register a CAGR of about 4.83% during the forecast period (2020 – 2025). - Automotive interiors of the vehicles consist of Infotainment system, instrument ...

  • World
  • North America
  • Automotive
  • Auto Parts
  • Industry analysis
  • Car Sales
  • Greenhouse Gas Emissions

ref:plp2019

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on