Vacuum Valve Market Anticipated to Cross $1.8 Billion by 2026

The Vacuum Valve Market is projected to increase from an estimated USD 1.2 billion in 2021 to USD 1.8 billion by 2026, at a compound annual growth rate (CAGR) of 8.5%.

Pune, 09/04/2024 (informazione.it - comunicati stampa - scienza e tecnologia)

According to a recent MarketsandMarkets research report named "Vacuum Valve Market," the worldwide vacuum valve industry is expected to grow significantly. The market is expected to grow at a strong Compound Annual Growth Rate (CAGR) of 8.5% over the course of the forecast period, from an estimated USD 1.2 billion in 2021 to USD 1.8 billion by 2026. The study examines a number of variables that affect market dynamics, such as the kinds of vacuum valves—such as isolation, transfer, and pressure control valves—and how they are used in various sectors of the economy, including thin-film coating, semiconductor manufacturing, and flat-panel display manufacturing. As a result of technological developments and the growing need for vacuum valves in vital sectors, the market is anticipated to expand steadily and meet the changing needs of vacuum-based processes around the globe.

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A number of significant factors are driving the vacuum valve market's growth, including the rising output of sophisticated semiconductors and flat-panel displays for consumer electronics. The need for high-performance electronic devices and the ongoing advancement of technology have led to a rising dependence on vacuum valves by manufacturers for crucial processes related to semiconductor fabrication and display manufacturing. The construction of 5G cellular networks and the acceptance of artificial intelligence (AI) are also driving up demand for vacuum valves. Vacuum valves are essential parts of these technologies' operating systems because they demand exact control and management of vacuum conditions. It is anticipated that the vacuum valve market will grow steadily over the next several years as long as industries continue to engage in technological innovations to satisfy the needs of contemporary customers.

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The vacuum valve market is projected to grow at a CAGR of 8.5% from 2021 to 2026

It is projected that the global Vacuum Valve Market will develop at a compound annual growth rate (CAGR) of 8.5% from an expected USD 1.2 billion in 2021 to USD 1.8 billion by 2026. This is a considerable increase in market size. The primary cause of this growth trajectory is the rising demand for premium semiconductors, which are an essential part of many modern gadgets. The manufacturing methods of semiconductors, which are essential for generating these high-precision parts, heavily depend on vacuum-based techniques. As a result, the growing requirement for sophisticated semiconductors drives up demand for vacuum valves, which are crucial for controlling the vacuum conditions required for the processes involved in the production of semiconductors.

In 2020, isolation valves held the major share of the vacuum valve market

In 2020, isolation valves became the market leader in the vacuum valve industry, mostly due to growing demand from a variety of sectors, including the production of analytical instruments, food and beverage, chemicals, and research and development (R&D). The pressing requirement to reduce particle formation and outgassing during various industrial processes is the main factor driving the increase in demand for high-quality isolation valves. The growth possibilities of the pharmaceutical business are likely to further support the persistence of this trend during the predicted period. Because of the COVID-19 pandemic's favourable effects, the pharmaceutical industry in particular is expected to present profitable opportunities because isolation valves are widely used in crucial operations like freeze-drying and vacuum sterilisation.

The high vacuum pressure range segment is projected to grow at the highest CAGR from 2021 to 2026

Over the course of the forecast period, the vacuum valve market's high vacuum pressure range segment is expected to develop at the fastest compound annual growth rate (CAGR). High vacuum pressure range valves have several benefits, such as longer maintenance cycles and less running costs. The fabrication of semiconductors, flat-panel displays, lighting, and solar energy are some of the industries driving the sharp rise in demand for these valves. In these industries, high-vacuum valves are widely used in crucial processes such as thin-film coatings, sub-fab systems, display dry etching, solar thin film deposition, and lighting thin film deposition.

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Semiconductor held the major share of the vacuum valve market in 2020

In 2020, semiconductor applications held the greatest proportion of the vacuum valve market. The crucial role semiconductors play in a number of industries, including computing, telecommunications, healthcare, and data storage, is the reason for their supremacy. Semiconductor components are essential to the technological breakthroughs in computers, smartphones, medical devices, and data centres. The need for high-precision semiconductors is rising since these industries depend heavily on semiconductor manufacturing. These semiconductors are produced by complex fabrication procedures carried out in a vacuum. As a result, the need for vacuum valves to support these production processes is rising concurrently, underscoring the important role semiconductors play in propelling the vacuum valve market.

APAC is projected to grow at the highest CAGR from 2021 to 2026

In the vacuum valve market, APAC is anticipated to expand at the fastest compound annual growth rate (CAGR) between 2021 and 2026. Known for being a major global centre for the production of semiconductors and flat-panel displays, nations like South Korea, Japan, Taiwan, and China lead the manufacturing sector in this area. Vacuum valves are used in high-volume semiconductor manufacturing to attain the necessary degree of purity in vacuum settings for various fabrication processes. Throughout the forecast period, the rapidly expanding production of semiconductors and displays to support cutting-edge technologies like artificial intelligence, self-driving cars, wearable technology, and Internet of Things devices is expected to propel the vacuum valve market in Asia-Pacific.

VAT Group AG (Switzerland), MKS Instruments (US), CKD Corporation (Japan), V-TEX Corporation (Japan), ULVAC, Inc. (Japan), SMC Corporation (Japan), HVA LLC (US), Kitz SCT Corporation (Japan), Pfeiffer Vacuum (Germany), and Agilent Technologies (US); are some of the key players in the vacuum valve market.

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