Press release
Soaring Demand Set to Propel Vacuum Valve Market to $2.43 Billion by 2029
Vacuum Valve Market
What Is the Expected CAGR for the Vacuum Valve Market Through 2025?
The market size of vacuum valves has seen a significant increase in the recent past. Projected growth is from $1.48 billion in 2024 to $1.61 billion in 2025, representing a compound annual growth rate (CAGR) of 8.7%. This progression during the historical period can be credited to factors such as demand in industrial manufacturing, the semiconductor and electronics sector, healthcare and analytical tools, research and development endeavors, along with energy and power generation.
What's the Projected Size of the Global Vacuum Valve Market by 2029?
In the coming years, the vacuum valve market is predicted to witness speedy expansion. With a Compound Annual Growth Rate (CAGR) of 10.8%, the market size is projected to reach $2.43 billion by 2029. Factors contributing to the projected growth during this period include persistent industrial applications, innovation in semiconductor technology, growth in biomedical and analytical instrumentation, and progress in renewable energy projects. Key trends for this forecast period involve emphasis on energy efficiency, extending applications in thin-film deposition, ensuring environmental and regulatory adherence, investment in research for improving performance, and the internationalization of manufacturing.
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Top Growth Drivers in the Vacuum Valve Industry: What's Accelerating the Market?
The surge in flat-panel display production for consumer electronics is predicted to fuel the expansion of the vacuum valve market. Flat-panel displays, being smaller, lighter, and more energy-efficient than cathode-ray tubes (CRTs), are a specific type of video display. The manufacturing of such displays requires vacuum and emission reduction equipment that can manage large processing chambers and deliver high gas flow rates reliably. Vacuum valves facilitate a zero-humidity process by utilizing less energy and being lighter, which is beneficial for flat-panel displays. For example, the Hindustan Times, a daily newspaper based in India, forecasts that the flat-panel display market could exceed $125 billion by 2024. As such, the rise in flat-panel display production for consumer electronics is driving the vacuum valve market's expansion.
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What Trends Will Shape the Vacuum Valve Market Through 2029 and Beyond?
Key players in the vacuum valve industry are concentrating their efforts on groundbreaking technological advancements like vacuum conveyors to solve material transportation issues. A vacuum conveyor uses suction to transfer dry materials in bulk, like powders, within an industrial or production environment. Take, for example, Pfeiffer Vacuum, a Germany-based firm, is renowned for its wide array of vacuum technology products and services. In May 2022, they inaugurated a new center covering 40,000 square feet to serve North American consumers from diverse sectors, including semiconductors, medical equipment, consumer electronics, pharmaceuticals, and the automotive industry. The facility boasts a Leak Detection Center of Excellence that offers hands-on and interactive training on leak detection technologies, enabling clients to experiment with various testing methods such as air, helium, and hydrogen.
What Are the Main Segments in the Vacuum Valve Market?
The vacuum valvemarket 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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