Exploring the Global Cryopump Market Landscape Growth, Outlook, Analysis to Reach $1.2 Bn by 2032

A cryopump functions as a specialized vacuum pump utilized across engineering, scientific research, and manufacturing sectors to achieve and sustain ultra-high vacuum (UHV) conditions. By leveraging cryogenic cooling principles, it efficiently condenses and captures gases from a vacuum chamber through exposure to extremely low temperatures.

The linear variant also commands a significant portion of the market. Its straightforward design allows for versatile installation and orientation, enabling adaptation to various vacuum system setups. Linear cryopumps find widespread application in semiconductor manufacturing processes like etching, sputtering, and chemical vapor deposition, where rapid pumping speeds are crucial for maintaining pristine and controlled vacuum environments.

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Market Outlook:

According to a new report published by Allied Market Research, titled, The cryopump market size was valued at $580.20 million in 2020, and is estimated to reach $1.2 billion by 2032, growing at a CAGR of 6.4% from 2023 to 2032.

The cryopump market analysis also includes cooldown duration of cryopumps, which includes 90 minutes and less, and more than 90 minutes.

In 2020, the more than 90 minutes segment dominated the cryopump market, in terms of revenue, and is expected to maintain this trend during the forecast period. These are often utilized in applications where prolonged, continuous operation is expected, and the initial cooldown time is less critical compared to overall pump performance.

On the other hand, the 90 minutes and less segment is expected to grow with a higher CAGR during the forecast period. These cryopumps are often favored in scenarios where frequent starts and stops are required or in processes where short cooldown times are critical for efficiency and productivity.

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Top Players:
SHI Cryogenics Group, Atlas Copco AB, Nikkiso, Elliott Group, LLC., Nikkiso Co., Ltd, Ulvac Cryogenics, Inc., Trillium, Leybold Products GmbH, Ebra Corporation, Vacree Technologies Co.,Ltd, Pfeiffer Vacuum GmbH

Various manufacturers in the Cryopump market including Edward Vacuum are adopting development strategies such as product launch and acquisition to grow and survive in the market. For instance, in December 2021, Edwards Vacuum released a brand new flat cryopump for semiconductor industries. Moreover, in February 2023, Atlas Copco acquired service and sales distributor Zeus Co Ltd. in South Korea. This move will help Atlas to further expand its foothold in the country in a more efficient manner.

The cryopump market is witnessing an obstruction in growth due to economic downturn, which is a result of Ukraine-Russia war.

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Key Findings Of The Study

The report provides an extensive analysis of the current and emerging Cryopump market trends and dynamics.
Depending on configuration, the flat segment dominated the cryopump market, in terms of revenue in 2020, and the same segment is projected to grow at a significant CAGR during the forecast period.
By cooldown duration, the more than 90 minutes segment dominated the cryopump market share in terms of revenue generated in 2020, and the 90 minutes and less is anticipated to grow with a higher CAGR during the forecast period.
Depending on crossover rating, the less than 250 Torr-Liter segment is projected to grow at a significant CAGR during the forecast period.
In 2020, the Asia-Pacific region held the largest market share in terms of revenue.

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