Segments - Vacuum Valves Demand for Electron Microscopy Market by Electron Microscope Type (Transmission Electron Microscope, Scanning Electron Microscope, Scanning Transmission Electron Microscopy, Electron Backscatter Diffraction, and Dual Beam System), Application (Life Science, Semiconductor, Earth Science, Material Science, and Industrial Manufacturing), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
The global vacuum valves demand for electron microscopy market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of XX% during 2023–2031. The growth of the market is attributed to the growing research activities in the field of science.
Increasing technological advancements in electron microscopy are anticipated to boost the market during the assessment period. The improvements in electron microscopy have led to a surge in the need for precision components, such as vacuum valves as they help in the transmission of electrons through the microscope column without interference from the air molecules. Furthermore, the rise of nanotechnology has spurred the need for high-resolution imaging, thus driving the demand for electron microscopes and related components. For instance,
According to the report published by the National Institute of Health in January 2023, nanotechnology has revolutionized a wide range of industries across the globe. Nanotechnology has revolutionized the modernization of various industries, ranging from small-scale units in agriculture, food, and medicine to large-scale production units in the fields of automobiles, civil engineering, and environmental management, on a global scale.
The semiconductor industry heavily relies on electron microscopy for quality control and development. Electron microscopy plays a vital role in life sciences and biomedical research in studying biological samples, thereby increasing the requirement for premium-quality vacuum valves. This, in turn, is projected to propel the market in the coming years.
The COVID-19 pandemic boosted the market, due to the extensive use of electron microscopes for research purposes. Numerous pharmaceutical and biopharmaceutical companies were conducting intensive research for the development of effective treatments and vaccines to fight against thepandemic. This, in turn, increased the need for high-quality vacuum valves in electron microscopes, which fueled the market.
The use of artificial intelligence is anticipated to provide substantial propulsion to the vacuum valves demand for the electron microscopy market. AI enhances the functioning of vacuum valves in electron microscopy by enabling predictive maintenance and reducing down time. This leads to an improved and efficient functioning of an electron microscope. AI algorithms help in automation. Thus, valve control is optimized and synchronized with the help of automation, making the results of scientific studies and trials accurate.
Advancements in electron microscopy techniques are expected to drive the market during the projection period. The continuous technical and technological improvements in electron microscopes are helping researchers and scientists to achieve high resolution with precise imaging. However, electron microscopes equipped with high-quality vacuum valves are extensively used in pharmaceutical and biopharmaceutical companies for research activities.
The growing adoption of vacuum valves in cutting-edge instruments and the expansion of pharmaceutical and biopharmaceutical companies are projected to impel the market during the forecast period.
According to a survey report published in October 2023, the global pharmaceutical industry has expanded at a rapid pace in the last 20 years. The revenue generated by the pharmaceutical industry world wide was around USD 1.48 trillion in 2022.
Increasing number of approved medicines and vaccines by various government organizations is projected to fuel the market during the assessment period. Large investments have been made in the research and development of new vaccines since the advent of COVID-19. Since electron microscopes play a crucial part in research, their requirement has increased significantly with more medicines and vaccines gaining approval. Consequently, the demand for vacuum valves is rising to ensure the development and quality control of effective medicines and vaccines that help in the treatment of numerous infectious ailments, ranging from respiratory infections to measles. This is likely to fuel the market in the coming years.
High cost of manufacturing vacuum valves is projected to hamper the market during the forecast period. Vacuum valves require to meet various stringent quality standards, which significantly elevates the production expense. This increases the costs of vacuum valves and makes them in accessible for small to mid-size industries and research institutes, due to the budget constraints.
Increasing customization and specialization optionsare anticipated to provide substantial growth opportunities for the market. The requirement for specialized vacuum valves is constantly rising, as different research applications require specific vacuum conditions. This, in turn, boost the demand for such valves that are tailored to meet the unique requirements of the experiment, there by propelling the market.
The market report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Vacuum Valves Demand for Electron Microscopy Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
Electron Microscope Type (Transmission Electron Microscope, Scanning Electron Microscope, Scanning Transmission Electron Microscopy, Electron Backscatter Diffraction, and Dual Beam System), Application (Life Science, Semiconductor, Earth Science, Material Science, and Industrial Manufacturing) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, MarketTrends, and Revenue Forecast |
Key Players Covered in the Report |
VAT Group AG; ULVAC; Pfeiffer Vacuum GmbH; Orange Coast Pneumatics, Inc.; MKS Instruments; MDC Precision, LLC; Leybold; Harlem Village Academies; DeZURIK; and ANCORP |
Based on electron microscope type, the vacuum valves demand for the electron microscopy market is divided into transmission electron microscope, scanning electron microscope, scanning transmission electron microscopy, electron backs catter diffraction, and dual beam system. The transmission electron microscope segment is projected to hold the major share of the market during the projection period,as it provides extremely high-resolution imaging at the nanoscale.
This makes it an essential component in various research fields, such as biology, material science, and nanotechnology. In addition, these microscopes are equipped with various analytical techniques, including energy-dispersive digital X-ray spectroscopy and electron energy loss spectroscopy. The rising research activities at a rapid pace is further projected to fuel the segment.
On the basis of application, the global market is segregated into life science, semiconductor, earth science, material science, and industrial manufacturing. The life science segment is projected to register a considerable CAGR during the forecast period,owing to the rising demand for advanced imaging techniques in biological research.
This requires high-precision vacuum valves to maintain vacuum conditions that are necessary for electron microscopy to study biological samples at nanoscale resolutions. The increasing research in biology field is anticipated to boost the segment. The semiconductor segment is anticipated to grow at a rapid pace, due to the rising demand for advanced semiconductor materials and devices.
The miniaturization of semiconductor components requires precise control of vacuum conditions during fabrication, which drives the need for high-performance vacuum valves. Furthermore, the advanced technologies incorporated in electronic devices, ranging from smartphones to super computers,rely on semiconductor research. Furthermore, the surge in the consumer electronics industry is projected to fuel the segment during the forecast period.
According to a survey conducted in July 2023, the sales value of smartphones in the US reached USD 74.7 billion in January 2022. Furthermore, approximately 75% of smartphone users in the US prefer the fore most brands of smartphones.
In terms of region, the global vacuum valves demand for electron microscopy market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the projection period,owing to the increasing research activities in this region.
The developments in nanotechnology and material science are leading to a high demand for advanced electron microscopes, thereby raising the requirement for reliable vacuum valves. This, in turn, is projected to create substantial growth opportunities for the market. The market in Asia Pacific is expected to expand at a considerable CAGR during the assessment period, due to the rising research activities in developing economies, such as India and China.
Various companies are making large investments in research and innovations that require advanced electron microscopy equipment. This leads to a surge in the demand for high-quality vacuum valves, thus fueling the market in the coming years.
The vacuum valves demand for electron microscopy market has been segmented on the basis of
Key players competing in the global vacuum valves demand for electron microscopy market are VAT Group AG; ULVAC; Pfeiffer Vacuum GmbH; Orange Coast Pneumatics, Inc.; MKS Instruments; MDC Precision, LLC; Leybold; Harlem Village Academies; DeZURIK; and ANCORP.
These companies implement numerous development strategies, such as product launches, mergers, partnerships, collaboration, acquisitions, and production expansion, to boost global presence.
In May 2022, Pfeiffer Vacuum, one of the prominent market players, demonstrated its commitment to expanding its business by launching a new 40,000-square-foot facility in Indianapolis, Indiana. This state-of-the-art facility is designed to serve Pfeiffer Vacuum's customers in North America, providing them with access to a brand-new application laboratory. This laboratory offers a wide range of benefits for customers, including the ability to participate in in-person or interactive customer demonstrations and training sessions.