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Microfluidic Components Market by Product (Valve, Solenoid Valve, Check Valve, Nozzle, Tubing, Micropump, Microneedle, Shuttle Valve), Industry (Automotive, Aerospace & Defense, Healthcare, Consumer Electronics, Oil & Gas) - Global Forecast to 2024

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Date: 27-May-2019
No. of pages: 172
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“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 flow meters, 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, micro pumps, nozzles, pressure controllers, micro needles, 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 the magner 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

Microfluidic Components Market by Product (Valve, Solenoid Valve, Check Valve, Nozzle, Tubing, Micropump, Microneedle, Shuttle Valve), Industry (Automotive, Aerospace & Defense, Healthcare, Consumer Electronics, Oil & Gas) - Global Forecast to 2024

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Approach
2.1.1 Secondary Research
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Research
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primaries
2.1.2.3 Key Industry Insights
2.2 Market Size Estimation
2.3 Data Triangulation Approach
2.4 Market Players Ranking Analysis
2.5 Assumptions for the Study

3 Executive Summary

4 Premium Insights
4.1 Microfluidic Components: Market Overview
4.2 Microfluidic Components Market: Geographic Growth Opportunities
4.3 Regional Mix: Microfluidic Components Market (2019–2024)
4.4 Microfluidic Components Market: Developed vs Developing Markets, 2019 vs 2024

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Demand for Smart and Intelligent Flowmeters, Sensors, and Advanced Pumps in High-End Industries
5.2.1.2 Technological Advancements
5.2.1.3 Increasing Focus on Data Precision and Accuracy
5.2.1.4 Growing Demand for Miniature Portable Devices
5.2.2 Restraints
5.2.2.1 Technical Problems Associated With Solenoid Valves
5.2.2.2 Lack of Standardized Certifications and Government Policies
5.2.2.3 Adoption of Smaller Engines By Oems in the Automotive Industry
5.2.3 Opportunities
5.2.3.1 Need for Constant Replacement of Valves
5.2.3.2 Rising Number of Refineries and Petrochemical Plants
5.2.3.3 Increasing Application Areas of Microfluidics Technology
5.2.4 Challenges
5.2.4.1 Standardization and Commercialization of Components

6 Industry Trends
6.1 Introduction
6.2 Process Automation in End-Use Industries
6.3 Emergence of Piezo-Actuated Technology
6.4 Increasing Popularity of Smart Valves

7 Microfluidic Components Market, By Product
7.1 Introduction
7.2 Valves
7.2.1 Solenoid Valves
7.2.1.1 Shift Towards Renewable Sources for Power Generation and Increased Application Areas in the Automotive Industry
7.2.2 Flow Control Valves
7.2.2.1 Demand for Flow Control Valves is High in the Oil & Gas and Sub-Sea Applications
7.2.3 Check Valves
7.2.3.1 Broad Application Areas of Check Valves to Drive Market Growth
7.2.4 Shuttle Valves
7.2.4.1 Growing Oil & Gas Industry is Likely to Propel Market Growth
7.2.5 Pressure Relief Valves
7.2.5.1 Rising Demand for Smart Valves and Growing Digitalization have Supported Market Demand
7.2.6 Proportional Valves
7.2.6.1 Low Weight and Energy Consumption are Some Advantages of Proportional Valves
7.2.7 Other Valves
7.3 Micropumps
7.3.1 Growing Demand in the Healthcare Vertical and Advantages Over Traditional Pumps Will Drive the Market
7.4 Nozzles
7.4.1 Increasing Automobile Industry Growth and Need for Better Fuel Efficiency are Boosting the Nozzles Market
7.5 Pressure Controllers
7.5.1 High Accuracy and Control Stability Make Pressure Controllers Suitable References for Production Lines and Labs
7.6 Microneedles
7.6.1 Growing Demand for Safer Alternative to Conventional Hypodermic Injections has Driven Market Growth
7.7 Connectors
7.7.1 Industrial and Agricultural Sectors to Show Highest Demand for Connectors
7.8 Tubing
7.8.1 High Demand in End-User Industries and Will Drive Market Growth
7.9 Other Components

8 Microfluidic Components Market, By Industry
8.1 Introduction
8.2 Oil & Gas Industry
8.2.1 Increasing Demand for the Maintenance of Refineries is Expected to Support Market Growth of Smart Valves
8.3 Healthcare Industry
8.3.1 The Healthcare Industry is Estimated to Grow at the Highest CAGR of 24.9% During the Forecast Period
8.4 Aerospace & Defense Industry
8.4.1 The Increasing Requirement for Commercial, Passenger, and Military Aircrafts is Expected to Drive Market Growth
8.5 Consumer Electronics Industry
8.5.1 Growing Trends Towards Miniaturization and High Demand for Consumer Electronics is Expected to Boost Market Growth
8.6 Automotive Industry
8.6.1 Growing Demand for Electric Vehicles to Drive Market Growth
8.7 Other Industries

9 Microfluidic Components Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 Upgrading of Existing Facilities and High Investments in Industry Verticals to Support Market Growth
9.2.2 Canada
9.2.2.1 Growing Healthcare and Oil & Gas Industries in the Country to Drive Market Growth
9.3 Asia Pacific
9.3.1 China
9.3.1.1 Growing Industrialization and Increasing Demand for Infrastructural Development to Support Market Growth
9.3.2 Japan
9.3.2.1 Growth of the Manufacturing Sector and the Increasing Demand for Automobiles to Drive Market Growth
9.3.3 India
9.3.3.1 Prominent Growth in Water Treatment Plants to Drive the Demand for Microfluidic Components
9.3.4 Rest of Asia Pacific
9.4 Europe
9.4.1 Germany
9.4.1.1 Advanced Manufacturing Capabilities to Support Market Growth
9.4.2 France
9.4.2.1 Government Initiatives to Promote the Adoption of Fluidic Components to Drive Market Growth in France
9.4.3 UK
9.4.3.1 Growing Adoption of Automation Technologies to Drive the Demand for Valves and Actuators
9.4.4 Italy
9.4.4.1 High Demand for Valves From the Wastewater Treatment Industry to Propel the Growth of the Microfluidic Components Market in Italy
9.4.5 Spain
9.4.5.1 Rising Demand From the Oil & Gas Sector to Boost Market Growth
9.4.6 Rest of Europe
9.5 Latin America
9.5.1 High Growth Opportunities in the Water Treatment Sector to Drive Market Growth
9.6 Middle East & Africa
9.6.1 Growing Oil & Gas Industry to Offer Growth Opportunities for Players in the Microfluidic Components Market

10 Competitive Landscape
10.1 Overview
10.2 Market Ranking
10.2.1 Microfluidic Components Market, By Key Player, 2018
10.3 Competitive Leadership Mapping
10.3.1 Visionary Leaders
10.3.2 Innovators
10.3.3 Dynamic Differentiators
10.3.4 Emerging Companies
10.4 Competitive Situation and Trends
10.4.1 Product Launches
10.4.2 Expansions
10.4.3 Acquisitions

11 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
11.1 Parker Hannifin Corporation
11.2 Vesta Automation SRL
11.3 Staiger GmbH & Co. Kg
11.4 Metal Work S.P.A.
11.5 Camozzi Automation Spa Società Unipersonale
11.6 Fortive Corporation
11.7 Aignep S.P.A.
11.8 International Polymer Solutions (Ipolymer)
11.9 FIM Valvole SRL
11.10 Humphrey Products Corporation
11.11 The Lee Company
11.12 Dolomite Microfluidics
11.13 Cellix Ltd.
11.14 Elveflow
11.15 Christian Bürkert GmbH & Co. Kg

*Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix
12.1 Insights of Industry Experts
12.2 Market Sizing & Validation Approach
12.3 Discussion Guide
12.4 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.5 Available Customizations
12.6 Related Reports
12.7 Authore Details

List of Tables

Table 1 Microfluidic Components Market: Impact Analysis of Drivers, Restraints, Opportunities, and Challenges
Table 2 Microfluidic Components Market, By Product, 2017–2024 (USD Million)
Table 3 Valves Market, By Type, 2017–2024 (USD Million)
Table 4 Valves Market, By Country, 2017–2024 (USD Million)
Table 5 Solenoid Valves Market: Product Offerings
Table 6 Solenoid Valves Market, By Country, 2017–2024 (USD Million)
Table 7 Flow Control Valves Market: Product Offerings
Table 8 Flow Control Valves Market, By Country, 2017–2024 (USD Million)
Table 9 Check Valves Market: Product Offerings
Table 10 Check Valves Market, By Country, 2017–2024 (USD Million)
Table 11 Shuttle Valves Market: Product Offerings
Table 12 Shuttle Valves Market, By Country, 2017–2024 (USD Million)
Table 13 Pressure Relief Valves Market: Product Offerings
Table 14 Pressure Relief Valves Market, By Country, 2017–2024 (USD Million)
Table 15 Proportional Valves Market: Product Offerings
Table 16 Proportional Valves Market, By Country, 2017–2024 (USD Million)
Table 17 Other Valves Market: Product Offerings
Table 18 Other Valves Market, By Country, 2017–2024 (USD Million)
Table 19 Micropumps Market: Product Offerings
Table 20 Micropumps Market, By Country, 2017–2024 (USD Million)
Table 21 Nozzles Market: Product Offerings
Table 22 Nozzles Market, By Country, 2017–2024 (USD Million)
Table 23 Pressure Controllers Market: Product Offerings
Table 24 Pressure Controllers Market, By Country, 2017–2024 (USD Million)
Table 25 Microneedles Market: Product Offerings
Table 26 Microneedles Market, By Country, 2017–2024 (USD Million)
Table 27 Connectors Market: Product Offerings
Table 28 Connectors Market, By Country, 2017–2024 (USD Million)
Table 29 Tubing Market: Product Offerings
Table 30 Tubing Market, By Country, 2017–2024 (USD Million)
Table 31 Other Components Market: Product Offerings
Table 32 Other Components Market, By Country, 2017–2024 (USD Million)
Table 33 Market, By Industry, 2017–2024 (USD Million)
Table 34 Market for Oil & Gas Industry, By Country/Region, 2017–2024 (USD Million)
Table 35 Market for Healthcare Industry, By Country/Region, 2017–2024 (USD Million)
Table 36 Market for Aerospace and Defense Industry, By Country/Region, 2017–2024 (USD Million)
Table 37 Market for Consumer Electronics Industry, By Country, 2016–2023 (USD Million)
Table 38 Market for Automotive Industry, By Country/Region, 2017–2024 (USD Million)
Table 39 Market for Other Industries, By Country/Region, 2017–2024 (USD Million)
Table 40 Market, By Region, 2017–2024 (USD Million)
Table 41 North America: Market, By Country, 2017–2024 (USD Million)
Table 42 North America: Market, By Product, 2017–2024 (USD Million)
Table 43 North America: Market for Valves, By Type, 2017–2024 (USD Million)
Table 44 North America: Market, By Industry, 2017–2024 (USD Million)
Table 45 US: Market, By Product, 2017–2024 (USD Million)
Table 46 US: Market for Valves, By Type, 2017–2024 (USD Million)
Table 47 US: Market, By Industry, 2017–2024 (USD Million)
Table 48 Canada: Market, By Product, 2017–2024 (USD Million)
Table 49 Canada: Market for Valves, By Type, 2017–2024 (USD Million)
Table 50 Canada: Market, By Industry, 2017–2024 (USD Million)
Table 51 Asia Pacific: Market, By Country, 2017–2024 (USD Million)
Table 52 Asia Pacific: Market, By Product, 2017–2024 (USD Million)
Table 53 Asia Pacific: Market for Valves, By Type, 2017–2024 (USD Million)
Table 54 Asia Pacific: Market, By Industry, 2017–2024 (USD Million)
Table 55 China: Market, By Product, 2017–2024 (USD Million)
Table 56 China: Market for Valves, By Type, 2017–2024 (USD Million)
Table 57 China: Market, By Industry, 2017–2024 (USD Million)
Table 58 Japan: Market, By Product, 2017–2024 (USD Million)
Table 59 Japan: Market for Valves, By Type, 2017–2024 (USD Million)
Table 60 Japan: Market, By Industry, 2017–2024 (USD Million)
Table 61 India: Market, By Product, 2017–2024 (USD Million)
Table 62 India: Market for Valves, By Type, 2017–2024 (USD Million)
Table 63 India: Market, By Industry, 2017–2024 (USD Million)
Table 64 RoAPAC: Market, By Product, 2017–2024 (USD Million)
Table 65 RoAPAC: Market for Valves, By Type, 2017–2024 (USD Million)
Table 66 RoAPAC: Market, By Industry, 2017–2024 (USD Million)
Table 67 Europe: Market, By Country, 2017–2024 (USD Million)
Table 68 Europe: Market, By Product, 2017–2024 (USD Million)
Table 69 Europe: Market for Valves, By Type, 2017–2024 (USD Million)
Table 70 Europe: Market, By Industry, 2017–2024 (USD Million)
Table 71 Germany: Market, By Product, 2017–2024 (USD Million)
Table 72 Germany: Market for Valves, By Type, 2017–2024 (USD Million)
Table 73 Germany: Market, By Industry, 2017–2024 (USD Million)
Table 74 France: Market, By Product, 2017–2024 (USD Million)
Table 75 France: Market for Valves, By Type, 2017–2024 (USD Million)
Table 76 France: Market, By Industry, 2017–2024 (USD Million)
Table 77 UK: Market, By Product, 2017–2024 (USD Million)
Table 78 UK: Market for Valves, By Type, 2017–2024 (USD Million)
Table 79 UK: Market, By Industry, 2017–2024 (USD Million)
Table 80 Italy: Market, By Product, 2017–2024 (USD Million)
Table 81 Italy: Market for Valves, By Type, 2017–2024 (USD Million)
Table 82 Italy: Market, By Industry, 2017–2024 (USD Million)
Table 83 Spain: Market, By Product, 2017–2024 (USD Million)
Table 84 Spain: Market for Valves, By Type, 2017–2024 (USD Million)
Table 85 Spain: Market, By Industry, 2017–2024 (USD Million)
Table 86 RoE: Market, By Product, 2017–2024 (USD Million)
Table 87 RoE: Market for Valves, By Type, 2017–2024 (USD Million)
Table 88 RoE: Market, By Industry, 2017–2024 (USD Million)
Table 89 Latin America: Market, By Product, 2017–2024 (USD Million)
Table 90 Latin America: Market for Valves, By Type, 2017–2024 (USD Million)
Table 91 Latin America: Market, By Industry, 2017–2024 (USD Million)
Table 92 Middle East & Africa: Market, By Product, 2017–2024 (USD Million)
Table 93 Middle East & Africa: Market for Valves, By Type, 2017–2024 (USD Million)
Table 94 Middle East & Africa: Market, By Industry, 2017–2024 (USD Million)
Table 95 Market Ranking, By Key Player, 2018
Table 96 Product Launches, 2016–2019
Table 97 Expansions, 2016–2019
Table 98 Acquisitions, 2016–2019

List of Figures

Figure 1 Research Design
Figure 2 Breakdown of Primary Interviews: By Company Type, Designations, and Region
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Microfluidic Components Market, By Product, 2019 vs 2024 (USD Million)
Figure 7 Microfluidic Components Market, By Industry, 2019 vs 2024 (USD Million)
Figure 8 Geographical Snapshot of the Microfluidic Components Market
Figure 9 Growing Demand for Smart and Intelligent Flowmeters, Sensors, and Advanced Pumps in High-End Industries is One of the Key Factors Driving Market Growth
Figure 10 India is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 11 Asia Pacific to Grow at the Highest Growth Rate During the Forecast Period
Figure 12 Developing Markets to Register A Higher Growth Rate Between 2019 & 2024
Figure 13 Valves Segment to Dominate the Microfluidic Components Market During the Forecast Period
Figure 14 Oil & Gas Industry Segment Dominated the Microfluidic Component Market in 2018
Figure 15 Oil Production and Consumption Trend (2000-2016)
Figure 16 Passenger Traffic Carried By Scheduled Carriers From 2007-2008 to 2016-2017
Figure 17 Global Defense Expenditure (2014-2018)
Figure 18 Microfluidic Components Market: Geographical Growth Opportunities
Figure 19 Figure: North America: Microfluidic Components Market Snapshot
Figure 20 Asia Pacific: Microfluidic Components Market Snapshot
Figure 21 Europe: Microfluidic Components Market Snapshot
Figure 22 Microfluidic Components Market: Competitive Leadership Mapping (2018)
Figure 23 Parker Hannifin Corporation: Company Snapshot (2018)
Figure 24 Metal Work S.P.A.: Company Snapshot (2017)
Figure 25 Fortive Corporation: Company Snapshot (2018)

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