According to a recent report by Reports and Data, the global vacuum valve market is projected to grow at a Compound Annual Growth Rate (CAGR) of 7.45% during the forecast period, and reach a market size of USD 1.88 billion by 2028. The increase in demand for high vacuum and ultra-high vacuum systems and equipment for use in semiconductor manufacturing and scientific processes to assess the effects of vacuum on components and materials, release or regulate pressure in vacuum chamber and pipelines are among the key factors expected to contribute to the growth of the market.
Vacuum valves are used in industrial applications and scientific processes where vacuum conditions are necessary, which has boosted demand for these valves. Vacuum valves are essential shut-off elements for vacuum systems and are critical in semiconductor manufacturing processes. Moreover, advancements in semiconductor manufacturing techniques and an increase in the number of vacuum process steps during manufacturing have increased the use of vacuum valves, which is expected to drive market growth in the future.
However, the lack of standardized protocols and high costs associated with equipment and processing are expected to restrain market growth to some extent during the forecast period.
The report highlights some key segments, such as isolation valves, manual operation, stainless steel material, and high vacuum pressure range, which are expected to dominate the market in the forecast period. North America is projected to account for a significant share of the market due to the increasing demand for semiconductor manufacturing, expanding application of medical isolation valves, and technological advancements in manufacturing processes. The major companies operating in the market include VAT Group, MKS Instruments, CKD Corporation, V-TEX Corporation, SMC Corporation, HVA LLC, Kitz SCT Corporation, Pfeiffer Vacuum, and Agilent Technologies.
The report further segments the global vacuum valve market based on type, technology, material, pressure range, end-use, and region.
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Vacuum Valve Market: Drive factors
The vacuum valve market is expected to experience significant growth in the coming years, driven by various factors. These factors include the increasing use of high vacuum and ultra-high vacuum systems and equipment in industrial and scientific processes, semiconductor manufacturing, and the assessment of vacuum effects on components and materials. The market is also boosted by the essential role of vacuum valves in regulating pressure in vacuum chambers and pipelines, and in protecting tanks from breakage or explosion by releasing pressure from them.
Advancements in vacuum science and increasing investments in developing more robust high-vacuum valves and devices are expected to further boost the application scope of vacuum valves and drive market growth. However, the lack of standardized protocols and high costs associated with equipment and processing are expected to restrain market growth to some extent.
Some specific factors driving the vacuum valve market growth include the increasing use of isolation valves in fluid handling systems in various medical devices and analytical equipment, the reliability and durability of manually operated valves across industries, the advantages of stainless steel vacuum valves in terms of high pressure resistance and low risk of corrosion, and the growing demand for high vacuum pressure range valves across various industries. Additionally, the presence of key market players and technological advancements in manufacturing processes, especially in North America, is expected to contribute significantly to market growth.
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