The global vacuum valve market is projected to reach USD 1.8 billion by 2026 from an estimated USD 1.2 billion in 2021, at a CAGR of 8.5% from 2021 to 2026. Major factors driving the growth of the market include rapidly growing semiconductor industry and growing adoption of advanced displays creating demand for vacuum-based manufacturing processes.
VAT Group AG (Switzerland), MKS Instruments (US), CKD Corporation (Japan), V-TEX Corporation (Japan), ULVAC, Inc. (Japan), SMC Corporation (Japan), HVA LLC (US), Kitz SCT Corporation (Japan), Pfeiffer Vacuum (Germany), and Agilent Technologies (US); are some of the key players in the vacuum valve market. These players have adopted various growth strategies, such as product development, expansions, collaborations, and agreements to retain their presence in the vacuum valve market.
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VAT Group AG (Switzerland) develops, manufactures, and supplies vacuum valves, along with related services, to customers from semiconductor, displays, photovoltaic, and vacuum coating industries, and industrial and research sectors. The company operates through three reportable segments, namely, Valves, Global Service, and Industry. It is the leading player and has the widest portfolio of vacuum valves products for a variety of applications. This enables the company to effectively capture growth opportunities in different markets and increase its market share. It focuses on growing its business organically. In 2018, the company completed its expansion in Malaysia with an aim to serve the fast-growing Asian market. The company targets to have five times the current sales by 2025 from the plant in Malaysia. Additionally, the company focuses on expanding its services and move into profitable adjacent businesses. The company is well-positioned to outgrow the market with its robust portfolio of offerings, innovation strength, global footprint, and deep domain expertise, supporting its customers’ transition to newer industrial innovations.
MKS Instruments (US) has a strong international presence (outside the US), as it serves customers in international markets, which accounted for more than 50% of its overall net revenues for 2018, 2019, and 2020 consecutively. The international net revenues were from sales in China, Germany, Israel, Japan, and South Korea. The company has a broad portfolio of vacuum products and aims at delivering the products for different applications worldwide. In March 2019, the company announced a program that provides easy online access to thousands of MKS vacuum products designed for labs, R&D, and engineering facilities. With this program, the company aims to easily and quickly deliver vacuum solutions to its customers.
CKD Corporation (Japan) is involved in the development, manufacturing, sales, and exports of automatic machinery and components. The company operates through two business segments: Automatic Machineries and Components. The Components segment consists of a diverse lineup of products, including pneumatic components and drive units equipped with automatic production equipment for various industries, fluid control components used for semiconductor manufacturing, medical processes such as transfer of saline and blood, and fine system components.
V-TEX Corporation (Japan) is a manufacturer of vacuum valves and rupture disks. The company’s products are used in the production of semiconductors, flat-panel displays (FPDs), hard disk drives (HDDs) manufacturing equipment, nuclear power plants, chemical plants, and particle beam accelerators. The company develops its products in close collaboration with public and private research institutions and universities to commercialize its products through joint development and fulfill the demands of end-user industries.
ULVAC, Inc. (Japan) has been a long-serving source of vacuum technology-based products and materials for a wide range of industries. The company’s R&D capabilities enable it to fulfill its customers’ actual and potential needs through high-value products and technologies. The company has designed nine important areas categorized under energy-saving and power generation field and sophisticated information field to focus on and apply its core strength.
Vacuum Valve Market with COVID-19 Impact Analysis by Type (Pressure Control Valves, Isolation Valves, Transfer Valves), Pressure Range, Industry (Semiconductor, Flat-panel Display Manufacturing, Thin-film Coating), and Geography - Global Forecast to 2026
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