Vacuum Valve Market To Generate Revenue worth $2,731.2 Million by 2030

The global vacuum valve market size is set to be USD 2,731.2 million by 2030, witnessing 8.9% CAGR between 2024 and 2030. This can be ascribed to the integration of IoT into these devices for automation and the rising demand for semiconductors and flat-panel displays.

The vacuum valve industry is going through a transformation from traditional human-controlled valves to those integrated with the IIoT-, robotics, and AI technologies. This integration makes process control and data collection and storage effortless. IIoT-enabled vacuum systems also decrease maintenance costs, product waste, and unexpected downtime.

The advancements in consumer electronics and automation in nearly every industry have raised the usage of these devices as they are requisite in semiconductor and flat-panel display production. Similarly, for food packaging processes, a medium vacuum is needed. Vacuum-packaging procedures require a steady vacuum level and speed. An oil-lubricated rotary vane pump, an oil ring pump, or a venturi system using pressurized air or nitrogen as the pumping fluid, which are built into the packaging machine, are the most-often utilized vacuum sources.

Transfer Valves To Experience Fast Growth

Under the valve type segment, the transfer category is predicted to witness significant advance over the forecast period. As the demand for energy rises, the solar power industry is growing at a high pace. The production of photovoltaic cells depends heavily on a vacuum. Solar panels have a chain of photovoltaic (PV) cells to transform sunlight into useful electricity. Electrons cannot be converted to energy via the photovoltaic effect without the right usage of vacuum. Along with that, solar panel manufacturing requires thin-film deposition, which is another process where transfer valves are used.

North America To Experience Explosive Growth

North America is a significant market, and in the forecast period, it will grow at a CAGR of 8.8%. This is due to the fact that it is one of the largest analytical instrument producers and wastewater processors. In scientific and industrial laboratories, quality control, raw material analysis, in-process monitoring, and final product testing are crucial. All of these processes require analytical instruments, which examine and compute various parameters. Therefore, the demand for analytical instruments is expanding in the pharmaceutical, medical device, manufacturing, and biotechnology industries. Customized vacuum solutions are used to develop reliable and efficient vacuum systems, as part of comprehensive analytical instruments.

Water & wastewater treatment is another major industry using vacuum valves in the region. Only 1% of the earth’s freshwater is easily available for human consumption. To meet ends, water & wastewater treatment is a necessity. The entire process requires vacuum valves from the beginning to the end. Here, butterfly valves are used for the isolation of clean water and gases, while check valves are used to prevent reverse flow. North America has one of the largest water & wastewater treatment industries in the world. Chicago’s Stickney Water Reclamation Plant is one of the biggest, with a capacity to serve over 2.4 million people.

Further, the growing demand for consumer electronics is a key driver for the growth of the semiconductors industry. This is, in turn, driving the vacuum valve market because semiconductor chip manufacturing requires vacuum systems for higher vacuum purity.

Some of the major players in the vacuum valve market are HVA LLC, Pfeiffer Vacuum technology, SMC Corporation, Agilent Technologies Inc., Kitz SCT Corporation, Kurt J. Lesker Company, ULVAC Inc., VAT Group AG, and MKS Instruments Inc.