Global Vacuum Valve Market: Size, Trends & Forecasts (2016-2020)
Scope of the Report
The report titled “Global Vacuum Valve Market: Size, Trends & Forecasts (2016-2020)” provides an analysis of the global vacuum valve market by value and by segments.
The report assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global vacuum valve market has also been forecasted for the period 2016-2020, taking into considerations the previous growth patterns, the growth drivers and the current and future trends.
The report also portrays a competitive landscape of the vacuum valve market with comparison of top market players. VAT is the market leader, with the largest share in the global vacuum valve market.
A brief company profiling of major market players namely VAT, MKS Instruments, Pfeiffer Vacuum and INFICON has been provided in the report on the basis of aspects like business overview, financial overview and business strategies adopted by these companies.
Vacuum valve directs the flow of fluid to create a vacuum and generally operated inside machinery which uses gauges or switches in order to control the pressure inside the valve. Vacuum is created by controlling the intake of air on one end of the valve and closing it off from being released elsewhere. There are four major types of vacuum valves: gate valve, butterfly valve, angle valve and ball valves.
The global vacuum valve market has increased at a significant CAGR during the years 2012 to 2015 and projections are made that the market would rise in the next four years i.e. 2016 to 2020 tremendously. The vacuum valve market is expected to increase due to technological advancements, advanced packaging technologies, growing semiconductor industry and increasing use of valves in display technologies such as FPD and LED. Yet the market faces some challenges such as, barrier to new market entrants, increase in raw material pricing, increasing semiconductor node shrink and slow growth of OLED display market etc.