Ear on Processing
News Roundup: Growth expected in mass flow controllers market, Siemens partners with SPX Flow and a leadership transition at Material Transfer & Storage
· Summarized
Key takeaways
- The mass flow controllers market is expected to grow significantly, driven mainly by industrial segments, with a focus on clean energy applications like hydrogen.
- Collaborations between industry leaders such as SPX Flow and Siemens are crucial for advancing innovative technologies in manufacturing.
- Partnerships in the water technology sector are essential for addressing water management challenges and promoting sustainability.
Summary
Growth in Mass Flow Controllers Market
The latest research funded by PI indicates that the world market for mass flow controllers reached $1.5 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 6.3% through 2029, exceeding $2 billion by that year. While semiconductors represent a larger market, growth in the industrial sector is accelerating, particularly in areas such as alternative energy and gas distribution. The report emphasizes the rising importance of hydrogen as a clean energy source and highlights its applications in battery production and energy storage.
Innovative Collaborations in Manufacturing
SPX Flow has partnered with Siemens to demonstrate cutting-edge digital twin technology at the MXD Center, enhancing innovations in various industries, including food and beverage and batteries. This collaboration showcases the use of industrial 5G connectivity to optimize fluid processing solutions, design, and test systems virtually. Moreover, Material Transfer and Storage announces a leadership change, reinforcing its growth strategy, while Acona Process Solutions, formed from a merger, aims at providing integrated solutions to enhance operational efficiency across several sectors.
Strategic Partnerships in Water Technology
Water technology firms are forming crucial partnerships to improve sustainability and water management. KITOS and Siemens are working together to offer comprehensive water quality management solutions. Similarly, Carita America is merging with Vista Technologies to enhance membrane treatment processes within the water treatment industry. These collaborations reflect a stronger commitment toward optimization and sustainability in water utilization.
Sponsors
- Siemens · A leading technology company collaborating with various innovators to advance technology and sustainability projects, including water quality solutions and digital twin technology demonstrations.
- SPX Flow · A global leader in fluid technology, collaborating with Siemens to showcase digital twin technology at MXD Center, aimed at innovating industry.
Show notes
This Ear on Processing segment provides a rundown of some of the top news stories for Processing, Water Technology and PI Process Instrumentation in the last month.
Follow this show on AudioBrevity and new episodes get summarized for you. Create a free account