The Vacuum Valve Global Market Report 2023, provides comprehensive information on the vacuum valve market 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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As per 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%.
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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 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
Asia-Pacific was the largest region in the vacuum valve market in 2022.
The table of contents in TBRC’s vacuum valve market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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