Vacuum Coating Equipment Global Market Sees Growth Rate Of 11% Through 2022

4 Feb, 2022

The global vacuum coating equipment market size is expected to grow from $27.75 billion in 2021 to $30.95 billion in 2022 at a compound annual growth rate (CAGR) of 11.5%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The vacuum coating equipment market is expected to reach $40.65 billion in 2026 at a CAGR of 7.1%.

What is the Global Vacuum Coating Equipment Market?

The vacuum coating equipment market consists of sales of vacuum coating equipment by entities (organizations, sole traders, and partnerships) that include the application of vacuum technology, which entails a sub-atmospheric pressure environment and an atomic or molecular combustible vapor. Vacuum coating also referred to as thin-film deposition, is a vacuum chamber method that involves applying a very thin and consistent layer of coating to the surface of a substrate to safeguard it from forces that could wear it down or reduce its efficiency.

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What drives the Global Vacuum Coating Equipment Market?

The increasing demand for electric vehicles is expected to drive the growth of the vacuum coating equipment market in the forecast period. Coatings play an important role in protecting the substrates of electric vehicles and their components from rust and damages. The increasing popularity and demand for electric vehicles would lead to an increase in demand for vacuum coating equipment. For instance, according to Bloomberg New Energy Finance (BNEF), EVs are expected to hit 10% of global passenger vehicle sales by 2025, rising to 28% in 2030 and 58% in 2040. Therefore, increasing demand for electric vehicles propels the growth of the vacuum coating equipment market.

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Global Vacuum Coating Equipment Market Segments
The global vacuum coating equipment market is segmented:
By Product: Physical Vapor Deposition (PVD), Magnetron Sputtering, Chemical Vapor Deposition (CVD)
By Application: Electronics and Panel Display, Optics and Glass, Automotive, Tools and Hardware
By Geography: The regions covered in the vacuum coating equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, Asia Pacific accounts for the largest share in the global vacuum coating equipment market.

Vacuum Coating Equipment Global Market Report 2022provides market size and growth forecasts for the global vacuum coating equipment market, global vacuum coating equipment market share, vacuum coating equipment market segments and geographies, vacuum coating equipment market competitive landscape including leading competitors’ revenues, profiles and market shares. The vacuum coating equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Vacuum Coating Equipment Industry Playersinclude Bühler Group, ULVAC Inc., Applied Materials Inc., Singulus Technologies AG, Kolzer Srl, CVD Equipment Corporation, Semicore Equipment Inc., OC Oerlikon, Mustang Vacuum Systems Inc., Izovac Ltd., IHI Corporation, PVD Products Inc., T-M Vacuum Products Inc., Lanzhou Vacuum Equipment Liability Co. Ltd., and HEF USA. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.