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The Global Vacuum Valve Market size is expected to reach USD 1.88 billion in 2028 and register a CAGR of 7.45% during the forecast period, according to the latest report by Reports and Data. Increasing use of high vacuum and ultra-high vacuum systems and equipment to assess effects of vacuum on components and materials, to release or regulate pressure in vacuum chamber and pipelines, and in semiconductor manufacturing are some key factors expected to drive market revenue growth over the forecast period. Vacuum conditions are necessary in industrial applications and scientific processes and this has further boosted demand for vacuum valves and is another factor expected to contribute to revenue growth of the market going ahead.
Vacuum valves are often installed in a feed or vent line in a vacuum furnace to isolate the vacuum chamber and particularly direct the gas flow into vacuum vessel or container. Vacuum valves work efficiently with machinery that function with gauges or switches to regulate air pressure inside the chamber. Vacuum valves are also used to protect a tank from breakage or explosion by releasing pressure from a tank when normal operations cause pressure changes within the tank. Vacuum valves are essential shut-off elements for vacuum systems and are also critical in semiconductor manufacturing processes. Advancements in semiconductor manufacturing techniques and increase in the number of vacuum process steps during manufacturing has further increased use of vacuum valves and this is another key factor expected to continue to drive revenue growth of the market going ahead.
Rapid advancements in vacuum science and increasing investment to accelerate development of more robust high-vacuum valves and devices are expected to boost application scope of vacuum valves and this is also expected to drive market growth. However, lack of standardized protocols and high costs associated with equipment and processing are some key factors expected to restrain market growth to a certain extent over the forecast period.
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Major companies in the market report include VAT Group, MKS Instruments, CKD Corporation, V-TEX Corporation, SMC Corporation, HVA LLC, Kitz SCT Corporation, Pfeiffer Vacuum, and Agilent Technologies.
Some Key Highlights from the Report:
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For the purpose of this report, Reports and Data has segmented the global vacuum valves market based on type, technology, material, pressure range, end-use, and region:
Type Outlook (Revenue, USD Billion; 2018-2028)
Technology Outlook (Revenue, USD Billion; 2018-2028)
Material Outlook (Revenue, USD Billion; 2018-2028)
Pressure Outlook (Revenue, USD Billion; 2018-2028)
End-Use Outlook (Revenue, USD Billion; 2018-2028)
The segmentation section covers detailed market share analysis for each product and application along with an accurate projection of the market growth during the forecast period. The report also explains in detail about the consumption rate of each product and application, along with an anticipated growth rate over the forecast period.
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Benefits of Global Vacuum Valve Market Report:
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The post Vacuum Valve Market Size, Revenue Analysis, PEST, Region & Country Forecast, 2018–2028 appeared first on Market O Graphics.
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