Vacuum Valve Global Market Opportunities and Strategies to 2033

This report describes and explains the vacuum valve market and covers 2018-2023, termed the historic period, and 2023-2028, 2033F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.

The global vacuum valve market reached a value of nearly $1.35 billion in 2023, having grown at a compound annual growth rate (CAGR) of 7.52% since 2018. The market is expected to grow from $1.35 billion in 2023 to $2.25 billion in 2028 at a rate of 10.79%. The market is then expected to grow at a CAGR of 11.31% from 2028 and reach $3.85 billion in 2033.

Growth in the historic period resulted from increased aircraft manufacturing, increasing sales of consumer electronics, growing pulp and paper industry and increased automotive production. Factors that negatively affected growth in the historic period were high initial investment costs and lack of government policies.

Going forward, growing demand for semiconductors, increasing renewable electricity demand, increasing production of flat-panel displays (FPDS) and increasing global oil and gas demand will drive the market growth. Factor that could hinder the growth of the vacuum valve market in the future include growing labor shortage.

The vacuum valve market is segmented by type into pressure control valves, isolation valves, transfer valves, air admittance valves check valves and other types. The isolation valves market was the largest segment of the vacuum valve market segmented by type, accounting for 32.9% or $444.14 million of the total in 2023. Going forward, the transfer valves systems segment is expected to be the fastest growing segment in the vacuum valve market segmented by type, at a CAGR of 12.50% during 2023-2028.

The vacuum valve market is segmented by material into stainless steel, aluminum, glass, polyvinyl chloride (PVC) and other materials. The stainless steel market was the largest segment of the vacuum valve market segmented by material, accounting for 43.3% or $585.38 million of the total in 2023. Going forward, the stainless steel segment is expected to be the fastest growing segment in the vacuum valve market segmented by material, at a CAGR of 11.58% during 2023-2028.

The vacuum valve market is segmented by pressure range into low-to-medium vacuum (>10-3 torr), high vacuum (< 10-3 to >10-8 torr), very high vacuum (< 10-8 torr). The high vacuum (< 10-3 to >10-8 torr) market was the largest segment of the vacuum valve market segmented by pressure range, accounting for 47.4% or $640.24 million of the total in 2023. Going forward, the high vacuum (< 10-3 to >10-8 torr) segment is expected to be the fastest growing segment in the vacuum valve market segmented by pressure range, at a CAGR of 11.56% during 2023-2028.

The vacuum valve market is segmented by operation into manual, actuated and other operations. The actuated market was the largest segment of the vacuum valve market segmented by operation, accounting for 59.7% or $806.94 million of the total in 2023. Going forward, the other operation segment is expected to be the fastest growing segment in the vacuum valve market segmented by operation, at a CAGR of 12.11% during 2023-2028.

The vacuum valve market is segmented by end-use into analytical instruments, chemicals, flat-panel display manufacturing, food and beverages, paper and pulp, pharmaceuticals, semiconductors and other end users. The semiconductors market was the largest segment of the vacuum valve market segmented by end-use, accounting for 31.2% or $421.3 million of the total in 2023. Going forward, the semiconductors segment is expected to be the fastest growing segment in the vacuum valve market segmented by end-use, at a CAGR of 12.76% during 2023-2028.

Asia Pacific was the largest region in the vacuum valve market, accounting for 37.6% or $508 million of the total in 2023. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the vacuum valve market will be Asia Pacific and South America where growth will be at CAGRs of 12.9% and 10.2% respectively. These will be followed by Western Europe and Eastern Europe where the markets are expected to grow at CAGRs of 10.1% and 9.8% respectively.

The global vacuum valve market is concentrated, with large players operating in the market. The top ten competitors in the market made up to 44.6% of the total market in 2022. The market concentrated can be attributed to the presence of large players in different geographies. Parker Hannifin Corp was the largest competitor with a 6.4% share of the market, followed by Emerson Electric Co. with 5.7%, VAT Group AG with 5.2%, SMC Corporation with 5.1%, ULVAC, Inc. with 4.9%, KITZ SCT Corporation with 4.9%, MKS Instruments Inc. with 4%, Agilent Technologies, Inc. with 3.3%, Pfeiffer Vacuum GmbH with 3.1% and V-TEX Corporation with 1.9%.

The top opportunities in the vacuum valve market segmented by type will arise in the isolation valves segment, which will gain $290.1 million of global annual sales by 2028. The top opportunities in the vacuum valve market segmented by material will arise in the stainless steel segment, which will gain $426.9 million of global annual sales by 2028. The top opportunities in the vacuum valve market segmented by pressure range will arise in the high vacuum (< 10-3->10-8 torr) segment, which will gain $465.9 million of global annual sales by 2028. The top opportunities in the vacuum valve market segmented by operation will arise in the actuated segment, which will gain $569.3 million of global annual sales by 2028. The top opportunities in the vacuum valve market segmented by end use will arise in the semiconductors segment, which will gain $346.6 million of global annual sales by 2028. The vacuum valve market size will gain the most in China at $198.4 million.

Market-trend-based strategies for the vacuum valve market include focusing on developing advanced solutions, such as fast-acting compact valves, focusing on introducing innovative solutions, such as mix-proof double-seat valves, to bring process safety in the food, beverage, dairy and pharmaceutical industries, focusing on adopting strategic partnerships to leverage each other's strengths, enhance their product offerings, focusing on strategic investments, such as the development of new research centers.

Player-adopted strategies in the vacuum valve market include focus on expanding its operational capabilities through new product/process developments.

To take advantage of the opportunities, the analyst recommends vacuum valve companies to focus on developing fast-acting compact valves for enhanced efficiency, focus on introducing mix-proof double-seat valves for enhanced process safety, focus on strategic investments in research centers for technological advancement, focus on isolation and transfer valves for market growth, focus on stainless steel and aluminum segments for market growth, focus on high vacuum market segment for growth, focus on actuated vacuum valve segment for growth, expand in emerging markets, continue to focus on developed markets, focus on strategic partnerships, provide competitively priced offerings, continue to use B2B promotions, prioritize digital marketing channels and focus on semiconductor and flat-panel display manufacturing segments.