Press release
Semiconductor Quenching Furnace Market Revenue Share, Insights & Future Outlook
What Is Driving the Growth of the Global Semiconductor Quenching Furnace Market Through 2031?The global market for Semiconductor Quenching Furnace was valued at US$ million in 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of % during the forecast period.
Following a strong growth of 26.2% in 2021, WSTS revised it down to single-digit growth for the worldwide semiconductor market in 2022, with a total size of US$580 billion, up 4.4%. The revision came as inflation rose and end markets saw weaker demand, particularly in consumer-driven sectors. Still, some categories showed double-digit year-over-year growth in 2022, led by Analog (20.8%), Sensors (16.3%), and Logic (14.5%), while Memory declined 12.6%.
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Geographically, the Americas ($142.1B, +17.0%), Europe ($53.8B, +12.6%), and Japan ($48.1B, +10.0%) posted double-digit growth. However, Asia-Pacific ($336.2B), the largest region, declined by 2.0%.
How Will Vertical vs. Horizontal Semiconductor Quenching Furnaces Shape Industry Demand?
The Semiconductor Quenching Furnace market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2024 as the base year, with historical and forecast data for 2020-2031.
This report segments the global market comprehensively:
• By Type: Vertical Furnace, Horizontal Furnace
• By Application: Flat Panel Displays (FPD), Semiconductor, SiC Power Semiconductor, PV (Photovoltaic)
This segmentation helps stakeholders evaluate demand dynamics across industries and regions, supporting strategic growth initiatives.
Which Key Players Are Leading the Semiconductor Quenching Furnace Market in 2024 and Beyond?
For deeper insights, the report profiles the competitive landscape, including key companies, their market positions, technological advancements, and product innovations.
Key Companies Covered:
• Koyo Thermo Systems
• Applied Materials
• Tokyo Electron
• Hitachi Metals
• NAURA Vacuum Technology
• Changzhou Changyao Electronic Technology
• CEC
• Gadda Industrie
• JR Furnace & Ovens (P)
• Entec Industrial Furnaces
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