Market Size of Flow Control Industry In The Semiconductor Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 5.67 Billion |
Market Size (2029) | USD 7.74 Billion |
CAGR (2024 - 2029) | 6.41 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Flow Control Market Analysis
The Flow Control Market In The Semiconductor Industry is expected to grow from USD 5.67 billion in 2024 to USD 7.74 billion by 2029, at a CAGR of 6.41% during the forecast period (2024-2029).
- Increased demand highlighting the need for stringent process control drives investments in new semiconductor production facilities. Precise flow control is crucial in the semiconductor industry. Processes like plasma etch and chemical vapor deposition (CVD) depend on the exact interaction of multiple gases to create essential layers or films. Even a slight deviation in gas flow can cause process failure, making accurate gas metering essential.
- Significant advancements in the semiconductor and electronics industries are expected to drive industrial growth. The strong adoption of the work-from-home lifestyle may also add to the surge in demand for electronic equipment caused by the COVID-19 pandemic. Furthermore, with technological advancements and well-established distribution networks, European and US electronics manufacturers strive to expand operations in emerging nations. Furthermore, the increasing popularity of consumer electronics among China's and India's youth is expected to boost the demand for semiconductor chips, which, in turn, will have a positive impact on the market's growth.
- The growing demand for the semiconductor industry supports the market’s growth. For instance, in May 2024, the Semiconductor Industry Association reported that the United States is projected to triple its semiconductor manufacturing capacity by 2032, in line with the semiconductor market's growth worldwide during the forecast period. This would support the market studied by enhancing the demand for flow control equipment in the semiconductor industry.
- However, the higher cost involved with semiconductor manufacturing is anticipated to remain among the major challenging factors for the growth of the market. Additionally, the complexity involved in designing flow control devices/components, considering the critical nature of applications associated with the semiconductor industry, also challenges the growth of the market studied. The market has become consolidated, and significant players are following an acquisition strategy, creating a challenge for the growth of small companies, which would impact the overall market growth.
- During the initial phase of the COVID-19 pandemic, the market faced disruptions, including global lockdowns, which notably hampered chip manufacturers' supply chains and production capacities. Yet, the demand for semiconductor chips surged during and after the pandemic, a trend expected to persist through the forecast period. This increasing demand is poised to spur investments in new production facilities, fueling the need for flow control solutions.
Flow Control Industry Segmentation
Flow controllers are electronic devices that monitor and maintain flow rate variables in process applications. They can be utilized in fluid flow systems with pumps and valves to enable greater control of flow variables. Dry vacuum pumps are essential in the semiconductor manufacturing process. Gases are injected into a chamber to react and produce a layer on the surface of a silicon wafer. The pump's job is to maintain a constant low pressure in the chamber to aid in forming the film.
The global flow control market in the semiconductor industry is segmented by type of component (vacuum, valves (ball, butterfly, gate, globe, and other valves), and mechanical seals) and country. The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
Type of Component | |||||||
Vacuum | |||||||
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Mechanical Seals |
By Country | |
United States | |
China | |
Taiwan | |
South Korea | |
Japan | |
Rest of the World |
Flow Control Market In The Semiconductor Industry Size Summary
The flow control market within the semiconductor industry is poised for significant expansion over the forecast period, driven by the increasing need for precise process control in semiconductor manufacturing. This demand is fueled by the rising investments in new production facilities to meet the growing global demand for semiconductors. Flow control is crucial in various semiconductor processes, such as plasma-etch and chemical vapor deposition, where even minor deviations in gas flow can lead to process failures. The market is characterized by the presence of both global and local players, contributing to its fragmented nature. The complexity of semiconductor manufacturing is pushing the demand for advanced flow control equipment, including sophisticated pumps, valves, and seals. Additionally, the market is experiencing heightened competition due to significant investments in research and development aimed at enhancing power efficiency and facility upgrades.
The semiconductor industry is witnessing robust growth, supported by the increasing adoption of consumer electronics and the expansion of electronics manufacturing in emerging markets. The COVID-19 pandemic initially disrupted the market but subsequently led to a surge in demand for semiconductor chips, driving investments in new production facilities. The mechanical seal market, a subset of flow control, is also experiencing growth due to its critical role in ensuring seal reliability and contamination reduction in semiconductor applications. The United States has taken proactive measures to bolster its semiconductor industry, notably through the CHIPS and Science Act, which aims to enhance domestic manufacturing and research capabilities. This legislative support, along with substantial investments in new facilities, is expected to strengthen the U.S. position in the global semiconductor market. The competitive landscape is moderately intense, with key players like Pfeiffer Vacuum GmbH, Atlas Copco AB, and Busch Holding GmbH actively expanding their operations and product offerings to capture market share.
Flow Control Market In The Semiconductor Industry Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Analysis - Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Buyers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitute Products
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1.2.5 Intensity of Competitive Rivalry
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1.3 Assessment of the Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 Type of Component
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2.1.1 Vacuum
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2.1.2 Valves
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2.1.2.1 Ball
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2.1.2.2 Butterfly
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2.1.2.3 Gate
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2.1.2.4 Globe
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2.1.2.5 Other Valves
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2.1.3 Mechanical Seals
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2.2 By Country
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2.2.1 United States
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2.2.2 China
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2.2.3 Taiwan
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2.2.4 South Korea
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2.2.5 Japan
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2.2.6 Rest of the World
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Flow Control Market In The Semiconductor Industry Market Size FAQs
How big is the Flow Control Market In The Semiconductor Industry?
The Flow Control Market In The Semiconductor Industry size is expected to reach USD 5.67 billion in 2024 and grow at a CAGR of 6.41% to reach USD 7.74 billion by 2029.
What is the current Flow Control Market In The Semiconductor Industry size?
In 2024, the Flow Control Market In The Semiconductor Industry size is expected to reach USD 5.67 billion.