Global Vacuum Valve Market Analysis 2023 – Market Size And Key Drivers

The Vacuum Valve Global Market Report 2023 by The Business Research Company, provides vacuum valve market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Vacuum Valve Global Market Report 2023, the market size is expected to grow from $1.25 billion in 2022 to $1.4 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The market size of global vacuum valve market is expected to grow to $2.15 billion in 2027 at a CAGR of 11.3%.

The increase in 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.

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The vacuum valve market is segmented:

1) By Type: Pressure Control Valves, Isolation Valves, Transfer Valves, Air Admittance Valves, Check Valves

2) By Material: Stainless Steel, Aluminum, Glass, Polyvinyl Chloride, Other Materials

3) By Pressure Range: Low-to-Medium Vacuum (>10-3 torr), High Vacuum (<10-3–>10-8 torr), Very High Vacuum (<10-8 torr)

4) By Operation: Manual, Actuated, Other Operations

5) By End-Use: Analytical Instruments, Chemicals, Flat-Panel Display Manufacturing, Food & Beverages, Paper & Pulp, Pharmaceuticals, Semiconductors, Thin-Film Coatings, Other End Users

Product innovations have emerged as a key trend gaining popularity in the vacuum valve market. Major companies operating in the vacuum valve market are focused on developing new product innovations to strengthen their position and meet consumer demand. For instance, in 2020, SMC Corporation, a Japan-based company that specialises in pneumatic control engineering to support industrial automation, developed the XL-high vacuum angle valve, which uses thermal conductivity technology to ensure a consistent temperature throughout the valve body. It also reduces the condensation of gases in the valve to a minimum level. The high vacuum valve contains no heavy metals such as nickel or chrome.

The vacuum valve market report table of contents includes: