The market value for vacuum valve market size was USD 2 billion in 2022 and is expected to reach a value of USD 6.5 Billion in 2032 and register a revenue CAGR of 14% during the forecast period. Vacuum valves serve a critical role in establishing and maintaining the vacuum conditions necessary for semiconductor processing, making them essential parts of semiconductor fabrication.
Vacuum valves are utilized in many different applications, such as rocket engines and space simulation chambers, which is another factor fueling the rise of the aerospace and defense industry. Vacuum valves are also used extensively in the Medical Device business, where they are employed in procedures like sterilization and Vacuum Packaging.
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.
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Some Key Highlights From the Report:
- Isolation valves segment is expected to account for largest revenue share over the forecast period, attributable to increasing use of isolation valves in fluid handling systems in a wide range of medical devices and analytical equipment to control flow without contaminating media, and in drain or vent lines of pressure measuring instruments.
- Manual operation segment is expected to register significantly rapid revenue CAGR over the forecast period owing to increasing use of manually operated valves across end-use industries for a broad range of applications due to their durability, reliability, compact size, and low total weight.
- Stainless steel segment is expected to register significantly steady revenue growth over the forecast period owing to numerous advantages of stainless steel vacuum valves such as high pressure resistance, low risk of corrosion, and enhanced durability and reliability.
- High vacuum segment is expected to dominate other pressure range segments in terms of revenue growth during the forecast period, attributable to increasing demand for valves of high vacuum pressure range across semiconductors, lighting, and for flat panel display manufacturing, among other end-use industries. High pressure range valves can function under extreme pressure and temperatures and are extensively used in oil & natural gas upstream and downstream applications.
- North America is expected to account for a significantly larger revenue share over the forecast period, attributable to increasing demand for semiconductor manufacturing, technological advancements in manufacturing processes, and expanding application of medical isolation valves for advanced medical equipment, and presence of key players in the region.
- Major companies in the market report include VAT Group, MKS Instruments, CKD Corporation, V-TEX Corporation, SMC Corporation, HVA LLC, Kitz SCT Corporation, Pfeiffer Vacuum, and Agilent Technologies.
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