The Vacuum Valve Market Size was valued at USD 1.37 billion in 2023. It is projected to reach USD 2.80 billion by 2031.
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Some of Major Key Players in this Report:
- VAT Group AG
- MKS Instruments
- CKD Corporation
- V-TEX Corporation
- ULVAC, Inc.
- SMC Corporation
- HVA LLC
- Kitz SCT Corporation
- Pfeiffer Vacuum
- Agilent Technologies
The rise in demand for advanced consumer electronics like smartphones and tablets is driving the growth of the vacuum valve market.
These devices rely on miniaturized, high-performance semiconductors, which require intricate manufacturing processes under vacuum. Specifically, the constant push to reduce chip size for increased processing power necessitates ever purer vacuum environments. A SNS Insider highlights this, stating that as chip layouts become more complex and node sizes shrink, the demand for vacuum valves rises due to the need for more processing steps conducted in a highly controlled vacuum.
Across various industries like semiconductors a key driver at 35% of market demand, chemicals, and pharmaceuticals, valves need to comply with diverse regional policies.
This necessitates modifications to the same product, hindering cost optimization for manufacturers. For instance, a valve for the European semiconductor industry might require different material certifications compared to one destined for the US market. This complexity adds time and expense to production, making it challenging for companies to achieve economies of scale and offer competitive pricing
“The demand curve for vacuum valves reflects a positive trend, driven by the booming semiconductor industry. This sector, with its relentless demand for miniaturization and advanced chip fabrication, heavily relies on vacuum environments for processes like photolithography and etching”
-SNS Insider Analyst
A 2023 SNS Insider found that demand for valves below 10mm is expected to grow by 12% annually, driven by the miniaturization of semiconductor fabrication equipment and analytical instruments.
This trend opens doors for micro- and nano-fluidic valves, a niche segment with immense potential in microfluidic chips and lab-on-a-chip devices. Furthermore, the rise of quantum technologies like quantum computing necessitates ultra-high vacuum environments. Here, specialized valves with low outgassing rates and minimal particle generation become crucial.
Impact of External Events:
SNS Insider study suggest this demand increase reached up to 35% year-on-year. Conversely, an economic downturn can lead to decreased capital expenditure across industries that rely on vacuum technology, such as solar cell manufacturing.
During the financial crisis, the market for vacuum valves used in the solar industry reportedly shrank by 20%.
Geopolitical tensions can also disrupt supply chains and raw material acquisition, impacting both valve production and pricing. For example, the ongoing conflict between Russia and Ukraine has caused a rise in nickel prices, a key component in some high-performance vacuum valves.
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Recent Developments:
In June 2023, ULVAC, a major industry participant, acquired Veeco Instruments, a leader in vacuum deposition equipment, for a cool $2.4 billion. This move strengthens ULVAC’s position in the semiconductor equipment market, a key driver of vacuum valve demand due to the ever-shrinking size of logic and memory chips.
Companies like VAT Group are heavily invested in R&D, with 2020 figures showing a 6% allocation of net sales around $44 million towards this purpose. Their focus lies on developing valves with the precision and purity required for next-generation semiconductor manufacturing 5nm nodes and smaller.
This emphasis on R&D is echoed across the industry, with the goal of not just improving existing products but also venturing into adjacent markets. VAT Group itself exemplifies this by targeting flat-panel and solar panel manufacturing with its broadened product portfolio.
Key Takeaways:
- A significant takeaway is the rise of the flat-panel display market, projected for a growth rate exceeding 6.8% by 2031. This translates to a heightened need for valves in the manufacturing process for these displays, which are thinner, lighter, and more energy-efficient than older cathode-ray tube models.
- Another key insight is the trend towards integrating Internet of Things (IoT) technology into valves. This allows for automation, remote monitoring, and improved maintenance practices, leading to increased efficiency and reduced downtime within factories.
- Furthermore, the industry is witnessing a shift towards replacing outdated valves with “smart” versions.
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