Global Vertical Furnace Market Anticipated to Reach US$ 8,425.8 Million by 2031

According to a recent market study published by Growth Market Reports, titled, “Global Vertical Furnace Market is segmented into by type, by method/applied technology, by application, and by Region: Size, Share, Trends and Opportunity Analysis, 2016-2031”, the market was valued at US$ 4,517.5 Million in 2022 and is expected to grow at a growth rate of 7.3% by the year 2031.

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Vertical furnace is used to process wafers during the manufacturing of semiconductor devices, including film formation, annealing, and resin film hardening. These furnaces have a quartz tube arranged vertically that heats items placed around it for processing. Wafers are placed into the boats or quartz storage shelves, which are raised and lowered from the bottoms of the tubes.

This kind of furnace offers an excellent distribution of temperatures as well as environment control with little particle production. Moreover, automated vessels and wafer movement enable increased efficiency and production. Vertical furnace has a clean room footprint, and it accommodates wafer loading and produces heat homogeneity. It is preferable in comparison to the conventional horizontal furnaces.

Additionally, it takes up less space overall than a horizontal boiler. Vertical furnaces offer high technological solution with small floor areas and rapid mold transfer rates for the vacuum casting process.

On the basis of type, the global vertical furnace market is segregated into wafer size: up to 150mm, wafer size: 151mm – 200mm, and wafer size: more than 201mm. The wafer size: 151mm – 200mm segment is anticipated to hold a substantial market share in 2031, due to increasing demand for 200mm wafers in automotive and Internet of Things (IoT) applications.

These applications, which require no cutting-edge manufacturing processes, fuel the demand for devices such as power, analog, micro-electromechanical system (MEMS), and sensors, boosting 200 mm production.

Based on the method/applied technology, the vertical furnace market is segmented into LPCVD, PECVD, thermal oxidation, and others. The LPCVD segment held a significant market share in 2022, as this process is useful for a wide range of applications. Liquid Phase Chemical Vapour Deposition (LPCVD) produces silicon oxide, a semiconductor material with excellent dielectric and mechanical properties often used in memory devices, MEMS, and other device.

In terms of application, the global vertical furnace market is bifurcated into divided into advanced packaging, semiconductors, and others. The semiconductors segment is projected to expand at a significant CAGR during the forecast period.

This is attributed to the semiconductor innovation, which enables a variety of disruptive technologies such as artificial intelligence (AI), autonomous electric vehicles, and the internet of things (IoT). Furthermore, the relationship between semiconductors and the markets they serve is symbiotic, as semiconductor breakthroughs assist to generate high market demand and open up totally new markets.

The outbreak of coronavirus disease in 2019 (COVID-19) restrained the global economy, created global interdependence, and challenged the governments of various nations. The pandemic raised concerns among economies and businesses by shifting the focus to the online supply of goods, declining the offline sales of vertical furnace, and thereby creating manufacturing issues.

In the aftermath of the COVID-19 crisis, many manufacturing plants and distribution companies were temporarily closed, which negatively impact the vertical furnace market. The COVID-19 pandemic had a rapid and severe impact on several businesses across the globe. The pandemic put enormous strain on various sectors, resulting in the low global demand. Thus, corporations are reviewing their post-pandemic strategy and operational plans.

As per Growth Market Reports by industry analyst Rhythm Dubey, “Increasing growth of semiconductor industry and increasing research and development activities is expected to increase the create new opportunities to the market in the coming years.”

Supply chain management is an essential part of any business. A supply chain contains a series of steps to get products from their original state to the customers. Raw materials used for manufacturing vertical furnace are shipped to manufacturers to be processed into final products. Quality checks are performed throughout the production process by manufacturers to ensure the quality of the product.

Components of vertical furnace include cap, Ar Outlet, Heating element, Slag, MgO crucible, Thermocouple, Metal Ar Inlet. The reaction chamber consists normally of quartz parts, such as quartz process tube, quartz boat, liner, pedestal, injector, and T/C-tube.

Key Takeaways from the Study:

The players in the Global Vertical Furnace Market include ASM International N.V., Centrotherm International AG, JTEKT Thermo Systems Corporation, Tempress, Tokyo Electron Limited, and Kokusai Electric Corporation.

Report of the Vertical Furnace Market Scope:

Target Audience:

• Supply-side: Manufacturer and distributors

• Demand Side: Semiconductor Manufacturer

• Regulatory Side: Approved regulatory bodies

• Associations and Industry Bodies: Semiconductor Industry Association, World Semiconductor Trade Statistics, India Semiconductor Research Center.