Vacuum Valve Market Size, Share & Analysis Report, 2021-2027
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
Restraints
Opportunities
Challenges
Report Coverage
| Report Scope | Details |
| Market Size | USD 2.45 billion by 2027 |
| Growth Rate | CAGR of 8.4% From 2021 to 2027 |
| Base Year | 2020 |
| Forecast Period | 2021 to 2027 |
| Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
| Segments Covered | Valve Type, Pressure Range,Industry, Region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Companies Mentioned |
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 Com, pany ,Emerson Electric Co., Shanghai Vacuum Valve Manufacturing Co., Ltd., PARKER HANNIFIN CORP, Ideal Vacuum Products LLC. |
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:
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
By Pressure Range
By Industry
By Region
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 report also provides an in-depth analysis of recent news developments and investments:
Key Points Covered in Vacuum Valve Market Study:
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles
(Upto 5 With No Cost)
Additional Countries (Apart
From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers