Europe Vacuum Valve Market Size, Share & Industry Trends Analysis Report By Valve Type (Isolation Valves, Pressure Control Valves, Transfer Valves, Air Admittance Valves and Check Valves), By Pressure Range, By Industry, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Europe Vacuum Valve Market would witness market growth of 7.6% CAGR during the forecast period (2022-2028).
This pressure overrun is acceptable in specific circumstances. It is generally required to move the actuators in a specific order or sequence in circuits that feature more than one actuator. Limit switches, repeaters, or other digitally controlled devices operating with sequence alignment valves can do this. Sequencing valves are generally closed two-way valves that control the order in which certain circuit functions will take place.
They are similar to direct-acting relief valves, but unlike relief valves, their spring chambers are typically drained externally rather than internally to the outlet port. Pressurized gas and liquids can only flow to a secondary function through a sequencing valve after a first purpose has been finished and fulfilled. A sequence valve closes when the pressure setting of the valve is reached, allowing gas to freely flow to the primary circuit to carry out its initial function.
The presence of major automakers like Volkswagen is expected to cause the regional battery-free sensor industry to expand over the coming years. The regional market is expanding as a result of businesses' increased R&D spending and knowledge of cutting-edge components. The majority of the German chemical industry would achieve greenhouse gas neutrality by 2050, according to studies conducted by VCI, an organization representing the sector and one of the most energy-intensive companies in the nation. Starting in the middle of the 2030s, the industry's annual electricity demand would rise to 628 terawatt-hours (TWh), which would require extra spending of about 45 billion euros and be higher than Germany's whole output power in 2018. The increasing R&D and the pharmaceuticals surge the growth of the vacuum valve market in this region.
The Germany market dominated the Europe Vacuum Valve Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $109.6 million by 2028. The UK market is experiencing a CAGR of 6.7% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 8.4% during (2022 - 2028).
Based on Valve Type, the market is segmented into Isolation Valves, Pressure Control Valves, Transfer Valves, Air Admittance Valves and Check Valves. Based on Pressure Range, the market is segmented into High Vacuum (<10-3–>10-8 torr), Low-to-Medium Vacuum (>10-3 torr) and Very High Vacuum (<10-8 torr). Based on Industry, the market is segmented into Semiconductor, Flat-panel Display Manufacturing, Analytical Instruments, Chemicals, Pharmaceuticals, Thin-film Coating, Food & Beverages, Pulp & Paper and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Vacuum Valve Market will Hit $1.8 Billion by 2028, at a CAGR of 8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Pfeiffer Vacuum Technology AG, MKS Instruments, Inc., CKD Corporation, SMC Corporation, Agilent Technologies, Inc., VAT Group AG, KITZ SCT Corporation, ULVAC, Inc., VTEX Corporation, and HVA LLC.
Scope of the Study
Market Segments Covered in the Report:
By Valve Type
- Isolation Valves
- Pressure Control Valves
- Transfer Valves
- Air Admittance Valves
- Check Valves
By Pressure Range
- High Vacuum (<10-3–>10-8 torr)
- Low-to-Medium Vacuum (>10-3 torr)
- Very High Vacuum (<10-8 torr)
- Flat-panel Display Manufacturing
- Analytical Instruments
- Thin-film Coating
- Food & Beverages
- Pulp & Paper
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Pfeiffer Vacuum Technology AG
- MKS Instruments, Inc.
- CKD Corporation
- SMC Corporation
- Agilent Technologies, Inc.
- VAT Group AG
- KITZ SCT Corporation
- ULVAC, Inc.
- VTEX Corporation
- HVA LLC
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