Vacuum Valve Market by Valve Type (Pressure Control Valves, Isolation Valves, Transfer Valves, Air Admittance Valves, Check Valves); by Pressure Range (Low-to-Medium Vacuum (>10-3 torr), High Vacuum (<10-3->10-8 torr), Very High Vacuum (<10-8 torr)); by Industry (Analytical Instruments, Chemicals, Flat-panel Display Manufacturing, Food & Beverages, Paper & Pulp, Pharmaceuticals, Semiconductor, Thin-film Coating, Others); and by Region (North America, Europe, Asia Pacific, Latin America, MEA) - Global Forecasts 2021 to 2027

The global Vacuum Valve market gathered revenue around USD 1.9 billion in 2020 and market is set to grow USD 2.45 billion by the end of 2027 and is estimated to expand at a modest CAGR of 8.4% during the prediction period 2021 to 2027.

Vacuum valves are used to maintain vacuum in the closed system. Vacuum valves are used for diverse applications such as isolation, ventilation, conduction, and gas flow in chambers. A series of pressure switches are also set up in most lines with vacuum valves (other than manual valves) to control the flow and convert the internal furnace pressure as demanded through the method being run.

Global Vacuum Valve Market Dynamics:

The increasing demand for consumer devices such as smartphones, TVs, tablets, and laptops coupled with the adoption of AI and deployment of 5G cellular networks is expected to drive the growth of the vacuum valve market during the forecast period. For instance, according to secondary sources, by 2025, the number of 5G subscriptions across the globe is expected to reach 3Bn. These development require advanced semiconductor components and devices. Thus, processes in the semiconductors manufacturing industry must be upgraded to meet the needs for higher memory output and better performance, thus producing IC chips of the highest quality. The IC chips require higher vacuum purity and accordingly, need to be manufactured under vacuum. The demand for vacuum valves in the semiconductor industry is specifically driven by the reduction in semiconductor node sizes to get greater processing power into a smaller space. As node sizes shrink and chip architectures change, the need for purer vacuums and the wide variety of process steps under vacuum also increases, therefore producing demand for vacuum valves.

The report also provides an in-depth analysis of vacuum valve markets dynamics such as drivers, restraints, opportunities, and challenges:

Drivers

• The rapid growth in the semiconductor industry
• Increasing production of smartphones
• Increasing demand from various industries such as pharmaceuticals, food & beverages, and others

Restraints

• Lack of standardized norms and governing policies

Opportunities

• Increasing R&D activities to develop advanced vacuum valve

Challenges

• Unplanned downtime due to malfunctioning and failure of valves

 Report Coverage

Based on valve type, the isolation valves segment is expected to hold the largest market share during the forecast period owing to the increasing demand for high-quality valves

Based on the valve type, the vacuum valve industry has been segmented into pressure control valves, isolation valves, transfer valves, air admittance valves, and check valves. The isolation valves segment of the vacuum valve market is expected to hold the largest market share during the forecast period owing to the increasing demand for high-quality valves in numerous industries such as analytical instruments manufacturing, food & beverages, chemicals, and R&D industries to mitigate particle generation and outgassing. Moreover, the use of these valves in pharmaceuticals industries for various applications such as freeze-drying and vacuum sterilization is expected to accelerate the growth of the segment during the forecast period.

Based on the industry, the semiconductor segment of the vacuum valve market is expected to grow at the highest CAGR during the forecast period due to the increasing demand for vacuum valves in the semiconductor manufacturing and fabrication process

Based on the industry, the vacuum valve industry is segmented into analytical instruments, chemicals, flat-panel display manufacturing, food & beverages, paper & pulp, pharmaceuticals, semiconductors, thin-film coating, and others. The semiconductor segment is expected to grow at the highest CAGR during the forecast period due to the increasing demand for vacuum valves in the semiconductor manufacturing and fabrication process. Moreover, semiconductor manufacturing requires high-precision and controlled conditions to prevent damage to wafers and chips, proliferating the demand for vacuum valves in the semiconductor industry.

Based on region, the Asia Pacific region is expected to grow at the highest CAGR during the forecast period

The Asia Pacific region is expected to grow at the highest CAGR during the forecast period owing to the growing demand for vacuum systems for the production of semiconductors and flat-panel displays, the rapid growth of the semiconductor industry in China and India due to growing demand for consumer electronics. For instance, according to the Indian Brand Equity Foundation, the Indian appliance and consumer electronics market reached USD 10.93 Bn in 2019 and is expected to double to reach USD 21.18 Bn by 2025. In addition, according to the Retailers Association of India (RAI), the sales of consumer electronics and appliances in the third quarter of FY21 increased by 23.5%, as compared to the same period of the previous year. Moreover, the increasing presence of major semiconductor manufacturers in the region is expected to propel the growth of the vacuum valve market during the forecast period.

Some of the prominent players in the Vacuum Valve Market include:

• MKS Instruments
• VAT Group AG
• V-TEX Corporation
• CKD Corporation
• SMC Corporation
• ULVAC
• KITZ SCT Corporation
• HVA LLC
• Agilent Technologies, Inc.
• Pfeiffer Vacuum GmbH
• Kurt J. Lesker Company
• Emerson Electric Co.
• Shanghai Vacuum Valve Manufacturing Co., Ltd.
• PARKER HANNIFIN CORP
• Ideal Vacuum Products LLC

 Segments Covered in the Report

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2027 and covers subsequent region in its scope:

The Global Vacuum Valve Market Segmentation:

By Valve Type

• Pressure Control Valves
• Isolation Valves
• Transfer Valves
• Air Admittance Valves
• Check Valves

By Pressure Range

• Low-to-Medium Vacuum (>10-3 torr)
• High Vacuum (<10-3->10-8 torr)
• Very High Vacuum (<10-8 torr)

By Industry

• Analytical Instruments
• Chemicals
• Flat-panel Display Manufacturing
• Food & Beverages
• Paper & Pulp
• Pharmaceuticals
• Semiconductor
• Thin-film Coating
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

COVID-19 Impact on the Vacuum Valve Market Analysis:

The COVID-19 pandemic impacted various industries such as manufacturing, retail, and others owing to the strict lockdown imposed by the government to curb the spread of the virus. The supply chain of products and services was disrupted owing to the production halt from the different industries. However, the vacuum valve industry was positively impacted by the COVID-19 pandemic due to the rapid growth in the semiconductor sector. The vacuum valve market is dependent on the growth of the semiconductor industries such as the increasing demand for smartphones, television, IoT devices and others. Moreover, the shift toward work-from-home and a sharp increase in online commerce owing to the lockdown restrictions proliferated some of the long-term megatrends that drive this business, such as the Internet of Things, cloud computing, and artificial intelligence. Thus, COVID-19 provide an attractive opportunity for the growth of the market.

*Note: A detailed analysis is specific to the vacuum valve market will be provided in the report

The report also provides an in-depth analysis of key trends in the vacuum valve market:

• The increasing demand for smartphones across the globe lead to an increasing need for semiconductor manufacturing units that are driving the growth of the market
• The growing demand vacuum valves from various industires such as manufacturing, healthcare, and others driving the growth of the market

The report also provides an in-depth analysis of recent news developments and investments:

• In March 2021, Hyperloop Transportation Technologies (USA) and GNB KL Group (USA) unveiled safety isolation valves that are designed to isolate sections of hyperloop system tubes to allow simpler system pressurization for emergency or maintenance. The valves are the largest and strongest valves able to withstand forces up to 288,000 pounds.
• In November 2021, Atlas Copco (Sweden) acquired HHV Pumps Pvt Ltd (India), the company designs and manufacturer’s vacuum pumps and systems for applications used in a wide range of industries. This acquisition will strengthen the market presence as well as give capabilities for local manufacturing.

Key Points Covered in Vacuum Valve Market Study:

• Growth of Vacuum Valve in 2021
• Market Estimates and Forecasts (2017-2027)
•  Brand Share and Market Share Analysis
•  Key Drivers and Restraints Shaping Market Growth
•  Segment-wise, Country-wise, and Region-wise Analysis
•  Competition Mapping and Benchmarking
•  Recommendation on Key Winning Strategies
•  COVID-19 Impact on Demand for Vacuum Valve and How to Navigate
•  Key Product Innovations and Regulatory Climate
•  Vacuum Valve Consumption Analysis
•  Vacuum Valve Production Analysis
•  Vacuum Valve and Management