The global vacuum valve market size is expected to grow from $1.09 billion in 2021 to $1.24 billion in 2022 at a compound annual growth rate (CAGR) of 13.9%. The global vacuum valves market size is expected to grow to $1.90 billion in 2026 at a CAGR of 11.2%.
What is the Global Vacuum Valve Market?
The vacuum valve market consists of sales of vacuum valves by entities (organizations, sole traders, and partnerships) that refer to the valves normally positioned above a nozzle opening on the top of a permanent roof atmospheric storage tank. It is a device that is installed in a vacuum furnace's feed or vent line and serves to isolate the vacuum chamber or guide gas flow into the vacuum vessel.
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What drives the Global Vacuum Valve Market?
The increasing production of flat-panel displays for consumer electronics is expected to propel the growth of the vacuum valve market going forward. A flat-panel display is a type of video display that has a smaller size, weight, and power consumption than a cathode-ray tube (CRT). Flat-panel display (FPD) manufacturing necessitates vacuum and emission reduction equipment capable of handling large processing chambers and supplying high gas flow rates with high dependability. Vacuum valves allow a zero-humidity procedure while consuming less energy and weighing less, which is advantageous for flat-panel displays. For instance, according to Hindustan Times, an India-based daily newspaper, in 2020, globally, the market for flat-panel displays (FPD) was valued at $100 billion in 2020 and expected to grow to over $125 billion by 2024. Therefore, the increasing production of flat-panel displays for consumer electronics is driving the growth of the vacuum valve market.
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Global Vacuum Valve Market Segments
The global vacuum valve market is segmented:
By Type: Pressure Control Valves, Isolation Valves, Transfer Valves, Air Admittance Valves, Check Valves
By Material: Stainless Steel, Aluminum, Glass, Polyvinyl Chloride, Others
By Pressure Range: Low-to-Medium Vacuum (>10-3 torr), High Vacuum (<10-3–>10-8 torr), Very High Vacuum (<10-8 torr)
By Operation: Manual, Actuated, Others
By End-Use: Analytical Instruments, Chemicals, Flat-Panel Display Manufacturing, Food and Beverages, Paper and Pulp, Pharmaceuticals, Semiconductors, Thin-Film Coatings, Others
By Geography: The regions covered in the vacuum valve market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Vacuum Valve Global Market Report 2022provides market size and growth forecasts for the global vacuum valve market, global vacuum valve market share, vacuum valve market segments and geographies, vacuum valve market competitive landscape including leading competitors’ revenues, profiles and market shares. The vacuum valve market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Vacuum Valve Industry Playersinclude VAT Group AG, MKS Instruments, CKD Corporation, V-TEX Corporation, ULVAC Inc., SMC Corporation, HVA LLC, Kitz SCT Corporation, Pfeiffer Vacuum, Agilent Technologies, Emerson Electric Co., Kurt J. Lesker Co., Parker Hannifin Corp., Shanghai Vacuum Valve Manufacturing Co. Ltd., and Flomatic Corporation. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
