Vacuum Valve Market Size, Share, Opportunities, And Trends By Valve Type (Control Valves, Gate Valves, Inline Vales, Others), By Application (Food Processing, Semiconductor, Oil Refineries, Irrigation System, Others), And By Geography - Forecasts From 2023 To 2028

A vacuum valve is a component installed in a vacuum system's supply or exhaust line. It is often used to manage gas volumes entering and leaving vacuumed regions, such as process chambers. There is a certain types of valves such as control valves, gate valves, and inline valves which are used for different applications such as food processing, semiconductor, oil refineries, and irrigation systems. Vacuum-based manufacturing processes are required due to the fast-growing semiconductor industry and the rising popularity of advanced displays, which will increase the demand for vacuum valves. And propel the market growth

The rapidly growing semiconductor industry will boost the vacuum valve market.

Technology that makes electronic items function well and aids in running enterprises with great productivity is powered by semiconductor chips. These chips must be produced under a vacuum because they demand a greater level of vacuum purity. The semiconductor industry's need to pack greater processing power into a smaller area has largely been the driving force behind the demand for vacuum valves. Vacuum valves are in demand as the chip designs evolve and size contracts, which is driving up the demand for purer vacuums and more vacuum-intensive processes. In 2020, VAT Group spent over USD 44 million, or 6% of its net sales, on R&D, the majority of this money was employed to create products with the accuracy and purity needed for the upcoming age of semiconductor production nodes of 5 nm and less. In addition, the business wanted to expand into related areas including the production of flat-panel displays and solar panels as well. The semiconductor market is huge in different regions and countries. For instance, according to PIB, in February 2022, The Indian semiconductor market was valued at USD 15 billion in 2020, and it is predicted to be around USD 63 billion by 2026. These research projects and the development of new, enhanced products in the semiconductor industry are anticipated to boost the vacuum valve market.

The rising demand for flat panel displays will boost the market.

The market for vacuum valves is expected to grow faster than expected due to increased production of flat-panel displays for consumer electronics. A flat panel display is smaller, lighter, and consumes less electricity than a cathode-ray tube (CRT). For flat-panel display (FPD) manufacturing, vacuum, and emission reduction equipment that can handle large processing chambers and deliver high gas flow rates with good dependability is required. The zero-humidity solution enabled by vacuum valves benefits flat-panel displays since it consumes less energy and weighs less.  For instance, In April 2020, to create high-resolution flexible micro-LED display technology, AU Optronics teamed with PlayNitride Inc., which is a developer of Micro LED technology to create a cutting-edge 9.4-inch high-resolution flexible micro-LED panel display with a maximum of 228 PPI pixel density, the AUO, and PlayNitride each contributed their experience in displays and LEDs. In Jan 2021, The first 90Hz OLED laptop displays will be mass-produced, according to plans revealed by Samsung Display, and production had started in "quite significant volumes" in March. so the use of vacuum valves will increase as the production and development of flat panel displays which will propel the market growth.

During the forecast period, the Asia-pacific region is expected to dominate the market growth

The Asia Pacific region is anticipated to grow at during the forecast period due to the rising demand for vacuum systems for the manufacturing of semiconductors and flat-panel displays, as well as the explosive growth of the semiconductor industry in China and India as a result of rising consumer electronics demand. For instance, according to the Indian Brand Equity Foundation the Indian appliance and consumer electronics industry, which reached USD 10.93 billion in 2019, is predicted to double to USD 21.18 billion by 2025. According to the Retailers Association of India (RAI) Consumer electronics and appliance sales climbed by 23.5% in the third quarter of FY21 compared to the same time in FY20, also, during the anticipated time, the region is predicted to witness an increase in the number of large semiconductor manufacturers. In August 2019, LG Display announced the launch of its 8.5th generation (2,200mm x 2,500mm) OLED panel manufacturing facility in Guangzhou, China, this facility will produce 10 million large-size OLED panels annually which concludes that the use of vacuum valves will increase as the production of flat panel displays would increase which will propel the market growth of vacuum valves in the Asia-pacific region during the forecasted period.

Market Key Developments.

• In August 2021, The Hide-a-Hose Central Vacuum System, which is intended for use in smaller applications and areas like the kitchen, bathroom, garage, or living room, launched a new mini-valve central vacuum wall inlet. According to the business, in comparison to the normal Hide-a-Hose valve, the mini-valve is 20% lighter and costs half as much.

Vacuum Valve Market Scope:

Segmentation

• By Valves Type
  • Control Valves
  • Gate Valves
  • Inline Vales
  • Others
• By Application
  • Food Processing
  • Semiconductor
  • Oil Refineries
  • Irrigation System
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    •  Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Suadi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Others