Press release
Vacuum Valve Market Size, Share , Latest Trends, Key Players And Forecast To 2033
Vacuum Valve Market
As per the report, the vacuum valve market size has grown rapidly in recent years. It will grow from $1.4 billion in 2023 to $1.57 billion in 2024 at a compound annual growth rate (CAGR) of 12.2%. The vacuum valve market size is expected to see rapid growth in the next few years. It will grow to $2.46 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%.
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Flat-Panel Display Catalysts For Growth Vacuum Valves Market
The increase in production of flat-panel displays for consumer electronics is expected to propel the growth of the vacuum valve market going forward. A flat-panel display is a type of video display that has a smaller size, weight, and power consumption than a cathode-ray tube (CRT). Flat-panel display (FPD) manufacturing necessitates vacuum and emission reduction equipment capable of handling large processing chambers and supplying high gas flow rates with high dependability. Vacuum valves allow a zero-humidity procedure while consuming less energy and weighing less, which is advantageous for flat-panel displays. For instance, according to Hindustan Times, an India-based daily newspaper, the market for flat-panel displays (FPD) was valued at $100 billion in 2020 and is expected to grow to over $125 billion by 2024. Therefore, the increasing production of flat-panel displays for consumer electronics is driving the growth of the vacuum valve market.
Innovative Solutions In Material Handling With Piflowam Vacuum Conveyor Manufacturing
Major companies operating in the vacuum valve market are focused on developing new innovations, such as vacuum conveyors, to address material handling challenges. A vacuum conveyor is a type of conveyor system that uses suction to move bulk dry materials, such as powders, from one place to another within a factory or production facility. For instance, in December 2021, Piab, a Sweden-based company specializing in vacuum technology and automation solutions, introduced the piFLOWam vacuum conveyor developed specifically for additive manufacturing. The piFLOWam is made of stainless steel and can withstand material temperatures up to 140°F (60°C). The unit weighs 33 lbs (15 kg) and reaches a maximum feed pressure of 101.5 psi (7 bar). The piFLOWam has a minimal footprint, making it suitable for installation on top of 3D printers, intermediate vessels, or depowdering stations, even in constrained spaces.
The vacuum valve market covered in this report is segmented -
1) By Type: Pressure Control Valves, Isolation Valves, Transfer Valves, Air Admittance Valves, Check Valves
2) By Material: Stainless Steel, Aluminum, Glass, Polyvinyl Chloride, Other Materials
3) By Pressure Range: Low-to-Medium Vacuum (>10-3 torr), High Vacuum (10-8 torr), Very High Vacuum (
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