Wafer Cleaning Equipment Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Wafer Size (Less Than 100mm, 100mm-200mm, 200mm-300mm), By Type (Rotary Wafer Etching System, Vacuum Metal Etcher, IPA Vapor Dryer, Megasonic Cleaning, Quartz Tube Cleaning Stations), And By Geography - Forecasts From 2023 To 2028

The global wafer cleaning equipment market is projected to grow at a CAGR of 4.42% over the forecast period to reach a market size of US$4,060.204 million in 2024 from US$3,131.662 million in 2018. A Wafer Cleaning Equipment can be defined as a high-power microwave oscillator that makes use of the interaction magnetic field and electric field to produce high-power output in the form of oscillations. The market is witnessing impressive growth and this growth is attributed to the rapid growth of industries like military and defense and consumer electronics across the globe. Microwave ovens are one of the most common applications of Wafer Cleaning Equipment. Strengthening economies in the world are increasing the disposable income of people. Rising disposable incomes are increasing the adoption of solutions like microwave ovens for use in both homes and industries, thus driving market growth. Increasing spending by governments worldwide into strengthening their military and defense sectors is another major factor contributing to market growth. The United States, in 2016, spent US$ 584 billion on its defense which was nearly 3.2% of the country’s GDP and 14.97% of the country’s total expenditure that year. For the same year, China’s defense budget was 982.14 billion Chinese Yuan and that of Russia was 3.8 trillion Russian Rubles. A good portion of the government's budget is apportioned for armaments, most of which use RADARs for applications like air defense, missile control, ground surveillance, military air traffic control, ship navigation, and search and rescue among various others. This is driving the growth of the Wafer Cleaning Equipment market as Wafer Cleaning Equipment is an integral part of most RADARs. Continuous investments by major market players into research and development are aimed at increasing the performance, life, and reliability of Wafer Cleaning Equipment and pushing their applications across various industry verticals. These investments by the market players are expected to keep fueling the growth of this market over the projected period.

Geographically, the market has been segmented into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. These regions have been further segmented into countries to give a better view of the market in each of these regions. North America and Europe hold a significantly large share of the global market on account of the flourishing consumer electronics industry and the presence of many key players in these regions. Increasing spending by many governments in these regions into strengthening their defense is fueling the growth of this market. The Wafer Cleaning Equipment market in the Asia Pacific is anticipated to witness rapid growth over the forecast period. This growth will majorly be attributed to continuously strengthening economies which are pushing the growth of the consumer electronics industry by increasing the spending capacity of the people. Increasing investments by many end-user companies in the expansion of their business into this region is another major factor shaping the market growth. The easy availability of raw materials and cheap labor has been adding to the lucrativeness of this region. As more players continue to enter this market in order to leverage the favorable business atmosphere and tap the hidden growth potential of this region, the Asia Pacific Wafer Cleaning Equipment market can be expected to witness impressive growth over the forecast period. Other regions like the Middle East and Africa and South America have been showing staggering growth in this market. However, good growth in this market is expected in these regions over the projected period.

Major industry players profiled as part of the report are SCREEN Semiconductor Solutions Co., Ltd., Tokyo Electron Limited., Lam Research Corporation, Modutek, PVA TePla America, and Shibaura Mechatronics Corporation.

Segmentation:

The global wafer-cleaning equipment market has been analyzed through the following segments:

• By Wafer Size
  • Less than 100mm
  • 100mm-200mm
  • 200mm-300mm
• By Type
  • Rotary Wafer Etching System
  • Vacuum Metal Etcher
  • IPA Vapor Dryer
  • Megasonic Cleaning
  • Quartz Tube Cleaning Stations
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Others
  • Middle East and Africa
    • Israel
    • Others
  • Asia Pacific
    • Japan
    • China
    • Taiwan
    • South Korea
    • Others