Market Overview:
The global microfluidic components market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for miniaturized and portable devices, rising R&D expenditure by leading players in the microfluidics technology, and growing application areas of microfluidics technology. Based on type, the solenoid valves segment is expected to account for the largest share of the global microfluidic components market in 2018. This segment is also projected to grow at a high CAGR during the forecast period. The growth in this segment can be attributed to factors such as technological advancements and miniaturization of solenoid valves that are helping reduce size and weight of devices incorporating these valves, thereby driving their demand across various applications. Based on application, automotive is estimated to account for the largest share of the global microfluidic components market in 2018 followed by healthcare.
Product Definition:
Microfluidic Components are the small-scale devices that are used to control and manipulate fluids on a micro scale. These components can be used in a variety of applications, including drug delivery, diagnostics, and tissue engineering. The importance of microfluidic components lies in their ability to precisely control the flow of fluids at a very small scale. This enables researchers to carry out complex experiments and studies that would not be possible with traditional methods.
Solenoid Valves:
Solenoid valves are closed and open flow control devices that regulate the fluid flow in a controlled manner. They can be used to meter or restrict the fluid flow depending on their construction and type. The most commonly used solenoid valve is called gate valve which is widely utilized in industrial applications for controlling water, steam, gas or other fluids under pressure.
Flow Control Valves:
Flow control valves are used to regulate the flow of a liquid or a gas in microfluidic components. They can be used for controlling the outflow and inflow of liquids, gases, or slurries. Flow control valves are also known as check valves, closure devices, gateways (for directing fluid from one opening only), and manifold shut-off devices.
Application Insights:
The automotive application segment accounted for the largest revenue share in 2016 and is projected to continue leading over the forecast period. Microfluidics finds wide applications in automobile manufacturing, including oil and gas processing, engine cooling, heat transfer, emission control devices as well as fuel injection systems. The technology also finds extensive use in aerospace components such as thermal insulation blankets used on space vehicles or aircraft; air flow management system that regulates temperature and pressure for combustion efficiency of engines; fluid dispensing systems used by astronauts during spacewalks; reaction wheel jets that propel spaceships into orbit; attitude control thrusters that provide momentum to spacecraft while maintaining stability during orbital operations.
Microfluidic devices are increasingly being utilized across a broad range of healthcare applications due to their benefits such as miniaturization of medical procedures with high accuracy & precision resulting in improved patient care services.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing research and development activities, technological advancements, and high adoption of microfluidic devices for chemical analysis or drug screening applications. Europe accounted for a significant share in the global market owing to increased funding from public agencies as well as private companies operating in this sector such as Novotech Ltd., EMD Millipore Corporation, and Merck KGaA.
Asia Pacific is anticipated to grow at a lucrative rate over the forecast period owing to rising investments by governments of developing countries such as India and China along with other South East Asian countries for industrialization coupled with rapid economic growth resulting into an increase in disposable income which will eventually drive demand across various industries including healthcare, automotive, oil & gas among others requiring efficient fluid handling solutions based on microfluidics technology platform thereby driving regional growth over the next eight years.
Growth Factors:
- Increasing demand for miniaturization in various industries is expected to drive the growth of the microfluidic components market.
- The increasing use of microfluidics in drug discovery and development is another key factor that is expected to fuel the growth of this market in the coming years.
- The growing demand for point-of-care diagnostics is also anticipated to boost the demand for microfluidic components in the near future.
- Rising investments by venture capitalists and private equity firms are also projected to support the growth of this market over the next few years. 5) Growing technological advancements are likely to provide numerous opportunities for players operating in this market during forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Microfluidic Components Market Research Report
By Type
Solenoid Valves, Flow Control Valves, Check Valves, Shuttle Valves, Pressure Relief Valves, Proportional Valves, Others
By Application
Automotive, Aerospace and Defense, Healthcare, Consumer Electronics, Oil and Gas, Others
By Companies
Parker Hannifin Corporation, Vesta Automation Srl, Staiger GmbH and Co.KG, Metal Work S.P.A., Camozzi Automation, Fortive Corporation, Aignep S.P.A., International Polymer Solutions, FIM Valvole Srl, Humphrey Products Corporation, The Lee Company, Dolomite Microfluidics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Microfluidic Components Market Report Segments:
The global Microfluidic Components market is segmented on the basis of:
Types
Solenoid Valves, Flow Control Valves, Check Valves, Shuttle Valves, Pressure Relief Valves, Proportional Valves, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Aerospace and Defense, Healthcare, Consumer Electronics, Oil and Gas, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Parker Hannifin Corporation
- Vesta Automation Srl
- Staiger GmbH and Co.KG
- Metal Work S.P.A.
- Camozzi Automation
- Fortive Corporation
- Aignep S.P.A.
- International Polymer Solutions
- FIM Valvole Srl
- Humphrey Products Corporation
- The Lee Company
- Dolomite Microfluidics
Highlights of The Microfluidic Components Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Solenoid Valves
- Flow Control Valves
- Check Valves
- Shuttle Valves
- Pressure Relief Valves
- Proportional Valves
- Others
- By Application:
- Automotive
- Aerospace and Defense
- Healthcare
- Consumer Electronics
- Oil and Gas
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Microfluidic Components Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Microfluidic components are small-scale devices that can be used to control the flow of liquid and gas through channels. This technology is often used in research and development for pharmaceuticals, cosmetics, food products, and other industrial applications.
Some of the major companies in the microfluidic components market are Parker Hannifin Corporation, Vesta Automation Srl, Staiger GmbH and Co.KG, Metal Work S.P.A., Camozzi Automation, Fortive Corporation, Aignep S.P.A., International Polymer Solutions, FIM Valvole Srl, Humphrey Products Corporation, The Lee Company, Dolomite Microfluidics.
The microfluidic components market is expected to register a CAGR of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Microfluidic Components Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Microfluidic Components Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Microfluidic Components Market - Supply Chain
4.5. Global Microfluidic Components Market Forecast
4.5.1. Microfluidic Components Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Microfluidic Components Market Size (000 Units) and Y-o-Y Growth
4.5.3. Microfluidic Components Market Absolute $ Opportunity
5. Global Microfluidic Components Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Microfluidic Components Market Size and Volume Forecast by Type
5.3.1. Solenoid Valves
5.3.2. Flow Control Valves
5.3.3. Check Valves
5.3.4. Shuttle Valves
5.3.5. Pressure Relief Valves
5.3.6. Proportional Valves
5.3.7. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Microfluidic Components Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Microfluidic Components Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Aerospace and Defense
6.3.3. Healthcare
6.3.4. Consumer Electronics
6.3.5. Oil and Gas
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Microfluidic Components Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Microfluidic Components Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Microfluidic Components Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Microfluidic Components Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Microfluidic Components Demand Share Forecast, 2019-2026
9. North America Microfluidic Components Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Microfluidic Components Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Microfluidic Components Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Aerospace and Defense
9.4.3. Healthcare
9.4.4. Consumer Electronics
9.4.5. Oil and Gas
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Microfluidic Components Market Size and Volume Forecast by Type
9.7.1. Solenoid Valves
9.7.2. Flow Control Valves
9.7.3. Check Valves
9.7.4. Shuttle Valves
9.7.5. Pressure Relief Valves
9.7.6. Proportional Valves
9.7.7. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Microfluidic Components Demand Share Forecast, 2019-2026
10. Latin America Microfluidic Components Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Microfluidic Components Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Microfluidic Components Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Aerospace and Defense
10.4.3. Healthcare
10.4.4. Consumer Electronics
10.4.5. Oil and Gas
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Microfluidic Components Market Size and Volume Forecast by Type
10.7.1. Solenoid Valves
10.7.2. Flow Control Valves
10.7.3. Check Valves
10.7.4. Shuttle Valves
10.7.5. Pressure Relief Valves
10.7.6. Proportional Valves
10.7.7. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Microfluidic Components Demand Share Forecast, 2019-2026
11. Europe Microfluidic Components Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Microfluidic Components Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Microfluidic Components Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Aerospace and Defense
11.4.3. Healthcare
11.4.4. Consumer Electronics
11.4.5. Oil and Gas
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Microfluidic Components Market Size and Volume Forecast by Type
11.7.1. Solenoid Valves
11.7.2. Flow Control Valves
11.7.3. Check Valves
11.7.4. Shuttle Valves
11.7.5. Pressure Relief Valves
11.7.6. Proportional Valves
11.7.7. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Microfluidic Components Demand Share, 2019-2026
12. Asia Pacific Microfluidic Components Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Microfluidic Components Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Microfluidic Components Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Aerospace and Defense
12.4.3. Healthcare
12.4.4. Consumer Electronics
12.4.5. Oil and Gas
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Microfluidic Components Market Size and Volume Forecast by Type
12.7.1. Solenoid Valves
12.7.2. Flow Control Valves
12.7.3. Check Valves
12.7.4. Shuttle Valves
12.7.5. Pressure Relief Valves
12.7.6. Proportional Valves
12.7.7. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Microfluidic Components Demand Share, 2019-2026
13. Middle East & Africa Microfluidic Components Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Microfluidic Components Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Microfluidic Components Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Aerospace and Defense
13.4.3. Healthcare
13.4.4. Consumer Electronics
13.4.5. Oil and Gas
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Microfluidic Components Market Size and Volume Forecast by Type
13.7.1. Solenoid Valves
13.7.2. Flow Control Valves
13.7.3. Check Valves
13.7.4. Shuttle Valves
13.7.5. Pressure Relief Valves
13.7.6. Proportional Valves
13.7.7. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Microfluidic Components Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Microfluidic Components Market: Market Share Analysis
14.2. Microfluidic Components Distributors and Customers
14.3. Microfluidic Components Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Parker Hannifin Corporation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Vesta Automation Srl
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Staiger GmbH and Co.KG
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Metal Work S.P.A.
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Camozzi Automation
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Fortive Corporation
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Aignep S.P.A.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. International Polymer Solutions
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. FIM Valvole Srl
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Humphrey Products Corporation
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. The Lee Company
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Dolomite Microfluidics
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
1
