According to a research report "Vacuum Valve Market with COVID-19 Impact Analysis by Type (Pressure Control Valves, Isolation Valves, Transfer Valves), Pressure Range, Industry (Semiconductor, Flat-panel Display Manufacturing, Thin-film Coating), and Geography - Global Forecast to 2026" published by MarketsandMarkets, the global vacuum valve market is projected to reach USD 1.8 billion by 2026 from an estimated USD 1.2 billion in 2021, at a CAGR of 8.5% from 2021 to 2026.
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Increased production of advanced semiconductor products and flat-panel displays for consumer electronics coupled with the adoption of AI and deployment of 5G cellular networks are among the factors driving the growth of the vacuum valve market.
The vacuum valve market is projected to grow at a CAGR of 8.5% from 2021 to 2026
The global vacuum valve market is projected to reach USD 1.8 billion by 2026 from an estimated USD 1.2 billion in 2021, at a CAGR of 8.5% from 2021 to 2026. The growth of the market is mainly driven by the increasing demand for high-end semiconductor, production of which involves vacuum-based manufacturing processes. Semiconductor manufacturing is a system-critical industry, and the demand for high-precision semiconductors is increasing. Manufacturing such semiconductors requires different fabrication processes in vacuum. This, in turn, drives the demand for vacuum valves.
In 2020, isolation valves held the major share of the vacuum valve market
In 2020, isolation valves held the major share of the vacuum valve market. The growth can be attributed to the rising demand for high-quality isolation valves in analytical instruments manufacturing, food & beverages, chemicals, and R&D industries to mitigate particle generation and outgassing drives the demand for isolation valves at present, and a similar trend is likely to be observed during the forecast period. The pharmaceuticals industry is also expected to create growth opportunities considering the positive impact of COVID-19 on the industry, as isolation valves are used in applications such as freeze-drying and vacuum sterilization.
The high vacuum pressure range segment is projected to grow at the highest CAGR from 2021 to 2026
The high vacuum pressure range segment of vacuum valve market is expected to grow at the highest CAGR during the forecast period. Vacuum valves with high vacuum pressure range feature a low operating cost and extended maintenance cycle. Industries witnessing significant growth, such as semiconductors, flat-panel display manufacturing, lightning, and solar, largely drive the demand for high-vacuum valves, as these valves find applications in sub-fab systems, thin-film coatings, display dry etching, solar thin film deposition, and lightning thin film deposition.
Semiconductor held the major share of the vacuum valve market in 2020
Semiconductor held the major share of the vacuum valve market in 2020. Technological advancements in computers, smartphones, medical equipment, and data centers, which form an integral parts of several industries, are dependent on semiconductors. Semiconductor manufacturing is a system-critical industry, and the demand for high-precision semiconductors is increasing. Manufacturing of such semiconductors includes different fabrication processes under vacuum. This, in turn, drives the demand for vacuum valves.
APAC is projected to grow at the highest CAGR from 2021 to 2026
APAC is projected to grow at the highest CAGR from 2021 to 2026. APAC is the leading region for global semiconductor and flat-panel display production, with China, Taiwan, Japan, and South Korea at the forefront. The increase in high-volume manufacturing of semiconductors creates a demand for vacuum valves to achieve the purest vacuum required for different processes. The vacuum valve market in this region is also expected to grow at the highest CAGR during the forecast period driven by the anticipated growth in the production of semiconductors and displays for artificial intelligence, self-driving cars, smart homes, wearable devices, and smart devices.
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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