Global Semiconductor Gas Abatement Systems Market Expected to Reach USD 1874.9 million by 2030

According to a recent market study published by Growth Market Reports, titled, “Global Semiconductor Gas Abatement Systems Market” by type, by applications, and by regions: size, share, trends and opportunity analysis, 2015-2030”, the market was valued at USD 746.8 Million in 2021 and is expected to grow at a moderate growth rate of 10.8% by the year 2030. Increased plants density and higher yields, less water requirement, temperature controlling feature, high-end features of hydroponic farming are expected to fuel the market during the forecast period.

As per Growth Market Reports industry analyst Divjot Singh, “semiconductor gas abatement systems market” is anticipated to witness significant growth during the forecast period 2022-2030. Key factors that are anticipated to fuel the demand for semiconductor gas abatement systems market during the forecast period are the growing concern related to environmental pollution fuelling the demand for gas abatement system. Conversely, high water usage and energy usage in gas abatement systems hamper the market growth. Technological advancements in gas abatement system are expected to create opportunities in the market.

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The gas abatement systems are designed to reduce various hazardous gases such as phosphine gas, diborane gas, and sulphur hexafluoride during manufacturing processes. Basically, these systems change the chemical composition of the gases. Additionally, gas abatement systems use a variety of methods, including combustion and catalysis to detoxify harmful gases.

The word, ‘supply chain’, refers to all procedures involved in transforming an idea into a tangible good or service, through a series of intermediate production, distribution, and disposal phases. These procedures include production, distribution, design, marketing, and customer support services. In the supply chain process, the value of the product increases as it passes through various stages of the supply chain. The semiconductor gas abatement systems supply chain involves various stakeholders who contribute to the creation and delivery of the farming products.

The primary, as well as secondary research methodology, is used for keen observation and study of the semiconductor gas abatement systems market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects.

Primary interviews were conducted with the stakeholders across industry verticals at regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments. Validation of the estimated market size, and current and future trends done by the key opinion leaders (KOLs). These KOLs are the CXO level people from leading companies in the industry and possess experience of around 10-20 years in the industry. On the other hand, the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights, and other KPIs.

Company websites, their SEC filings, annual reports, broker & financial reports, and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases were analyzed for macro & microanalysis. Research publications and paid data are referred to obtain and validate the market estimations, budget, expenditure, and other statistical insights.

While COVID-19 has affected nearly every aspect of the economy, the semiconductor manufacturing industry was also affected. The industry is still coping with the dual effects of declining sales and rising costs, which have put the suppliers in a difficult financial position. Due to consecutive lockdowns, social distancing norms, and supply chain disruption, the COVID-19 pandemic had a positive impact on the semiconductor gas abatement systems.

Severe lockdowns and shutdowns halted customer movement and severely disrupted the semiconductor gas abatement systems manufacturing companies. Regulatory policies are expected to play a pivotal role in shaping the dynamics of the market during the forecast period. Increasing efforts by governments and private sector companies to overcome the crisis and rising production capacity in semiconductor industry propelled the demand for semiconductor gas abatement systems post 2020.

Key Takeaways from the Study

• Based on type, the semiconductor gas abatement systems market is segmented into combustion, dry type, wet type, catalytic type.
• The wet type segment accounted for largest market share of XX%. In 2021 and is estimated to reach USD XX Million by 2030, with a CAGR of XX% during the forecast period.
• The Asia Pacific accounted for largest market share of XX% in 2021, due to the growing awareness related to the air and water pollution along with rapid industrialization in the region. Furthermore, rising investments in semiconductor industry due to growing demand for consumer electronics is expected to fuel the market in the region.
• Ongoing government’s efforts to enhance the country’s infrastructure are expected to favour the growth of the electronics manufacturing sector, thereby driving the demand for gas abatement system in the coming years.

Report Scope

Target Audience

• Government and research organizations
• Semiconductor gas abatement systems distributors
• Marketing directors
• Key executives from various key companies and organizations in the semiconductor gas abatement systems