Vacuum Valve Market Forecast: Towards $1.8 Billion by 2026
The Global Vacuum Valve Market is forecast to grow rapidly; it is projected to increase in value from an estimated USD 1.2 billion in 2021 to USD 1.8 billion by 2026, reflecting a strong Compound Annual Growth Rate (CAGR) of 8.5% from 2021 to 2026.
The demand for vacuum valves across industries, including semiconductor manufacturing, aerospace, and pharmaceuticals, where these valves play a critical role in controlling vacuum pressure and improving operational efficiency, can be linked to a number of factors that are driving this predicted expansion. Given the market's upward trend and the expanding need for improved vacuum systems across numerous industries, vacuum valve manufacturers and suppliers have a bright future ahead of them.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=106095821
The rising manufacture of advanced semiconductor goods and flat-panel displays for consumer electronics is fueling the significant expansion of the vacuum valve market. A few other significant variables are the use of artificial intelligence (AI) and the introduction of 5G cellular networks. The need for vacuum valves has increased as companies look to improve operational efficiencies and manufacturing processes. This is especially true in areas like semiconductor manufacturing and aerospace, where vacuum valves are essential for controlling vacuum pressure. The market's expansion is a sign of the changing technological environment and the increasing reliance on complex systems across numerous industries, which holds great promise for vacuum valve providers and manufacturers.
The Vacuum Valve Market is projected to grow at a CAGR of 8.5% from 2021 to 2026
The Vacuum Valve Market is anticipated to expand significantly between 2021 and 2026, with a Compound Annual Growth Rate (CAGR) of 8.5%. The market is growing primarily because to the increase in demand for expensive semiconductors, which calls for vacuum-based manufacturing techniques. The demand for high-precision semiconductors is increasing as the semiconductor industry develops, which is fueling the demand for diverse production procedures in vacuum settings. Due to the increased need for vacuum valves to meet the needs of this important and highly complex industry, the market is expected to experience considerable expansion over the coming years.
Speak To Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=106095821
In 2020, isolation valves held the major share of the Vacuum Valve Market
With a sizable market share in 2020, isolation valves became the Vacuum Valve Market's dominating segment. This expansion is supported by the rising demand for high-quality isolation valves in sectors such the production of analytical instruments, food and beverage manufacturing, chemicals, and research and development, where their use efficiently reduces outgassing and particle creation. The tendency is anticipated to continue during the forecast period, and new growth prospects are anticipated to be generated by the pharmaceutical sector. The advantages of COVID-19 for the pharmaceutical industry, along with the use of isolation valves in procedures like freeze-drying and vacuum sterilisation, all help to drive growing demand for and market dominance of isolation valves.
The high vacuum pressure range segment is projected to grow at the highest CAGR from 2021 to 2026
From 2021 to 2026, the Vacuum Valve Market is projected to grow at the highest Compound Annual Growth Rate (CAGR) in the high vacuum pressure range category. Vacuum valves in this pressure range are an appealing option for a variety of industries experiencing rapid expansion, including semiconductors, flat-panel display manufacture, lightning, and solar. These advantages include reduced operating costs and prolonged maintenance cycles. Due to their use in crucial processes such sub-fab systems, thin-film coatings, display dry etching, solar thin film deposition, and lightning thin film deposition, high-vacuum valves are in great demand. This market sector has a bright future.
Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/vacuum-valve-market-106095821.html
Semiconductor held the major share of the Vacuum Valve Market in 2020
By controlling a large portion of the vacuum valve market in 2020, the semiconductor segment prevailed. The vital role that semiconductors play in technological breakthroughs across numerous industries, including computers, smartphones, medical equipment, and data centres, can be used to explain the market's rise in this niche. Vacuum is used during numerous fabrication processes due to the importance of semiconductor production and the rising demand for high-precision semiconductors, which has increased demand for vacuum valves. The semiconductor industry's dominance in the vacuum valve market is anticipated to endure and fuel additional expansion in the sector as demand for cutting-edge technologies rises.
APAC is projected to grow at the highest CAGR from 2021 to 2026
From 2021 to 2026, the Vacuum Valve Market is expected to grow at the highest compound annual growth rate (CAGR) in APAC. Vacuum valves are increasingly in demand as a result of the region's dominant position in the production of flat-panel displays and semiconductors worldwide, with major producers including China, Taiwan, Japan, and South Korea. Vacuum valves are necessary for creating the required ultra-pure vacuum in a variety of manufacturing processes. The vacuum valve market in APAC is anticipated to grow significantly over the course of the forecast period as high-volume semiconductor manufacturing for applications including artificial intelligence, self-driving cars, smart homes, wearable devices, and smart devices experiences significant growth.
Key Players
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.
News Covered:
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Visit Our Website: https://www.marketsandmarkets.com
Comments
Post a Comment