The global industrial vacuum valves market research report by Technavio predicts the market to post a CAGR of close to 7% during the period 2018-2022.
A key driver for the global industrial vacuum valves market is the increased production of smartphones. The sale of smartphones is anticipated to increase during the forecast period. Large-scale manufacturing activities in several economies including China, Taiwan, South Korea, Japan, and Singapore have signified the increasing demand for new and advanced smartphones. During the forecast period, the growing semiconductor manufacturing activities to cater to the growth in the demand for electronic goods such as smartphones will promote the industrial vacuum valves market growth.
This global industrial vacuum valves market research report also provides an analysis of the most important trends expected to impact the market outlook during the period 2018-2022. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights the introduction of next-generation valves will be one of the key trends in the global industrial vacuum valves market:
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Global industrial vacuum valves market: Introduction of next-generation valves
To increase their foothold in this competitive market, several industrial vacuum valves vendors have been developing next-generation valves, which integrate additional capabilities. These products possess threaded bonnets, a floating polytetrafluoroethylene diaphragm, and a zero-minimum operating differential design and provide substantial benefits over conventional vacuum valves.
The new vacuum valves can deliver high flow rates and a long operational life and have a broad temperature range and pressure handling ability, which can improve the efficiency of industrial processes. The ceramic vacuum valves deployed by vendors provide valve sealing components and wearing parts made of ceramic material that improves wear resistance and corrosion protection, thereby increasing the operational life of these vacuum valves, says a senior research analyst at Technavio.
Global industrial vacuum valves market: Segmentation analysis
This industrial vacuum valves market analysis report segments the market by end-user (semiconductor, pharmaceutical, food processing, and packaging) and geography (the Americas, APAC, and EMEA).
APAC led the market in 2017 with more than 49% of the market share, followed by the Americas and EMEA respectively. APAC is expected to dominate the market throughout the period 2018-2022.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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