Industrial Vacuum Valves Market Size shall reach a value of $638.87 Million in 2027, growing with a CAGR of 7.2% during the forecast period of 2020 to 2027.
Market Definition / Research Scope
An Industrial vacuum valve is a piece of equipment that directs the flow of liquid or air to generate a vacuum. Vacuum valves are operated inside machines that use switches and gauges to control the flow of pressure or air in the valve and send out the pressure when required for its application. They are utilized to preserve vacuum within closed operations.
An industrial vacuum valve is placed in a vent or feed line on a vacuum furnace whose objective is to direct the flow of gas or separate the vacuum chamber into the vacuum vessel. These valves can be operated electro pneumatically, electrically, manually, pneumatically, or electromagnetically.
Industrial vacuum valves are mainly used in applications such as control conduction, ventilation, isolation, and gas flow in chambers. The industrial vacuum valve can be found in enormous industrial pumps, plants, factories, and other kinds of facilities. They can also be seen on huge boats.
Industrial Vacuum Valves Market Growth and Trends
Driving factors for the industry :
• Vacuum industrial valves are extensively utilized in application of ventilation, isolation and control conduction of gas flow in chamber leading to its high popularity thereby boosting the growth and demand of the industrial vacuum valves market within a short time period.
• Growing demand for smartphones and mobile technologies in various emerging countries of India, China, Japan etc. has led to the rising demand for semiconductor manufacturing units and this result into large production of smartphones and also driving the growth of the industrial vacuum valves market.
• Manufacturers of industries across the world are providing high quality smartphones with advance technical features at affordable price rate. This in turn is anticipated to grow the demand for the smartphone and in turn boosting the global industrial vacuum valves market exponentially during the upcoming few years.
• The leading industrial vacuum valves market players are focusing in the adoption of new features in their products like floating polytetrafluoroethylene diaphragm threaded bonnets and minimum operational differential design to strengthen their competitive positions and produce next generation industrial vacuum valve which have higher flow rate, higher operational life, batter temperature and pressure handling etc.
• North America, Asia-Pacific, Europe, Middle East are expected to dominate the global industrial vacuum valves market due to rapid industrialization and smart fragmentation of the market.
Challenges for the industry :
• Local vendors of various developing countries across the world will provide high quality vacuum valve at considerably low cost so as to who will generate newer and better product faster, thereby pushing the industrial vacuum valves market growth globally during the assessment time period. Moreover, Price competition among vendors is anticipated to limit the industrial vacuum valve market growth in the near future. This is because vendors need to revise their price setting strategy very often to stay on the top of this competition market which in facts help vendors to gain loyalty of customers and subject matter expert.
• Competitions of local vendors does not let to grow for the better and thereby acts as a hindrance to the global industrial vacuum valves market.
Industrial Vacuum Valves Market Regional Analysis
The Asia Pacific region, which mainly includes countries like China, Japan, India, and South Korea, is likely to dominate the market because of the increase in the demands of smartphones, which will drive the growth of the global market because of the rise in the usage of the semiconductor manufacturing units. The North American region, which mainly includes countries like the United States, Canada, and Cuba, is likely to hold a great share in the market because of the development of the sectors like food processing, pharmaceutical, packaging, and semiconductor industry. The market dominates the sector in the regions of South Africa and the Middle East.
Industrial Vacuum Valves Market Share and Competition
Key companies operating in this industry are: CKD Corporation, Emerson Electric Co., Kurt J. Lesker Company, Pfeiffer Vacuum SAS, Shanghai Vacuum Valve Manufacturing Co., Ltd., and VAT Group AG. Similar industries in this domain that is growing at a high CAGR include Food Industry Vacuum Cooling Market and Vacuum Pumps Market.
Industrial Vacuum Valves Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
End-user Analysis (Revenue, USD Million, 2020 - 2027)
• Semiconductor
• Food Processing
• Pharmaceutical
• Packaging
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Industrial Vacuum Valves Market Companies
• CKD Corporation
• Emerson Electric Co.
• Kurt J. Lesker Company
• Pfeiffer Vacuum SAS
• Shanghai Vacuum Valve Manufacturing Co., Ltd.
• VAT Group AG
Available Versions: -
United States Industrial Vacuum Valves Market Research Report
Europe Industrial Vacuum Valves Market Research Report
Asia Pacific Industrial Vacuum Valves Market Research Report
India Industrial Vacuum Valves Market Research Report
Need report on this market for specific region or Country? Or need a customized report as per your need? Want to know discounts as available?
Email US
David Correa
david@marketdecipher.com
Or Fill the form below "Sample Request Form" with your queries in message box.
