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Vacuum Coating Equipment Market 2024 - Unpacking Demand Dynamics, Identifying Leading Companies, Sharing Industry Insights, Spotting Future Opportunities, and Forecasting Till 2033

02-22-2024 08:47 AM CET | Energy & Environment

Press release from: The Business research company

Vacuum Coating Equipment Market

Vacuum Coating Equipment Market

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Vacuum Coating Equipment Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The vacuum coating equipment market size has grown strongly in recent years. It will grow from $33.33 billion in 2023 to $35.86 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to increased demand for consumer electronics and semiconductors, growing demand for medical equipment and devices, increasing demand for energy-efficient coatings, growing demand for automotive coatings, increasing demand for decorative coatings.

The vacuum coating equipment market size is expected to see strong growth in the next few years. It will grow to $48.05 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to increasing demand for nanocoatings and thin films, rise in demand for functional coatings with enhanced properties, integration of automation and robotics in vacuum coating processes, development of environmentally friendly coating processes, expansion of vacuum coating applications in the renewable energy sector. Major trends in the forecast period include smart coatings, industry 4.0 integration, 5g technology, customized coatings, nanotechnology applications.

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Market Segmentation:
The vacuum coating equipment market covered in this report is segmented -
1) By Product: Physical Vapor Deposition (PVD), Magnetron Sputtering, Chemical Vapor Deposition (CVD)
2) By Application: Transparent Electrical Conductors, Optical Films, Packaging, Hard and Wear-Resistant Coatings, Other Applications
3) By Vertical: Electronics, Automotive, Healthcare, Other Verticals

Major Driver - Growing Adoption Of Electric Vehicles Fuels Vacuum Coating Equipment Market
The increasing demand for electric vehicles is expected to drive the growth of the vacuum coating equipment market in the forecast period. Coatings play an important role in protecting the substrates of electric vehicles and their components from rust and damage. The increasing popularity and demand for electric vehicles would lead to an increase in demand for vacuum coating equipment. For instance, according to Bloomberg New Energy Finance (BNEF), EVs are expected to hit 10% of global passenger vehicle sales by 2025, rising to 28% in 2030 and 58% in 2040. Therefore, increasing demand for electric vehicles propels the growth of the vacuum coating equipment market.

Competitive Landscape:
Major companies operating in the vacuum coating equipment market include Bühler Group, ULVAC Inc., Applied Materials Inc., Singulus Technologies AG, Kolzer Srl, CVD Equipment Corporation, Semicore Equipment Inc., OC Oerlikon, Mustang Vacuum Systems Inc., Izovac Ltd., IHI Corporation, PVD Products Inc., T-M Vacuum Products Inc., Lanzhou Vacuum Equipment Liability Co. Ltd., HEF USA, Veeco Instruments Inc., Leybold GmbH, AJA International Inc., Angstrom Engineering Inc., Denton Vacuum LLC, Plasma-Therm LLC, Sputtering Components Inc., Advanced Energy Industries Inc., Intlvac Thin Film Corporation, Soleras Advanced Coatings, Von Ardenne GmbH, Impact Coatings AB, KDF Electronic & Vacuum Services Inc., Tokyo Electron Limited, TriVitro Corporation, VTD Vakuumtechnik Dresden GmbH, Xiangtan Hongda Vacuum Equipment Co. Ltd.

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https://www.thebusinessresearchcompany.com/report/vacuum-coating-equipment-global-market-report

Top Trend - Technology Trends Transform Vacuum Coating Equipment Market
Technological advancement is a key trend gaining popularity in the vacuum coating equipment market. Major companies operating in the vacuum coating equipment sector are focused on developing technological solutions for vacuum coating equipment to strengthen their position. For instance, in May 2021, Singulus Technologies, a Germany-based manufacturing company partnered with China National Building Material Co., Ltd., a China-based building material company to develop New Vacuum Coating Machines based on CdTe Thin-Film Technology. SINGULUS TECHNOLOGIES and CNBM have agreed to collaborate on the development and delivery of new coating equipment to lower manufacturing costs, enhance cell performance, and boost output.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Vacuum Coating Equipment Market Characteristics
3. Vacuum Coating Equipment Market Trends And Strategies
4. Vacuum Coating Equipment Market - Macro Economic Scenario
5. Vacuum Coating Equipment Market Size And Growth
…..
27. Vacuum Coating Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

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