Ultra High Purity Pressure Gauge Market Size Emerging Trends and Will Generate New Growth Opportunities Status
In a recent
research report by Market Research Community, the Global Ultra
High Purity Pressure Gauge Market is expected to surpass USD 9,833.86 Million
by the year 2030, from USD 3,925.85 Million in 2021.
Ultra-high purity pressure
gauges are pressure measuring devices that are used in ultra-high purity gas
delivery systems. The ultra-high purity gases including oxygen, nitrogen,
helium, argon, and carbon dioxide among others are used for a wide range of
applications in the electronics, semiconductor, and healthcare industries.
Increasing trend of growth in the semiconductor industry is driving the market
growth of ultra-high purity pressure gauges.
The demand for
semiconductors is increasing with increasing demand for consumer electronics
products such as smartphones, televisions, digital watches, and gaming consoles
among others. Furthermore, the rapid growth in the medical, pharmaceutical, and
biotechnology industries is spurring the growth of ultra-high purity pressure
gauge.
Asia Pacific is expected to witness a
significant CAGR growth of 5.7% during the forecast period of 2022-2030. The rising semiconductor
industry in Asia Pacific is creating lucrative opportunities for the growth of
the market in the region. For instance, according to the “2021 State of the
Industry Report” published by the Semiconductor Industry Association, the four
major semiconductor manufacturers in the Asia Pacific including Korea, Japan,
Taiwan, and China holds 42% of the global market share in 2020.
This market refers to the
demand for specialized pressure gauges that are specifically designed to meet
the high standards of cleanliness and purity required in the semiconductor and
pharmaceutical industries. These industries require a high level of precision
and accuracy in measuring pressure, as well as maintaining a contamination-free
environment to ensure product quality and consistency.
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The study is consolidated into major segments and further into sub-segments,
such as by type (28mm, 35mm, 50mm, 63mm), by application (Semiconductor,
Medical, Biotechnology, Pharmaceutical, Others), to forecast the market size by
value, considering 2021 as the base year.
Market Segment:
By Type
·
28mm
·
35mm
·
50mm
·
63mm
By Application
·
Semiconductor
·
Medical
·
Biotechnology
·
Pharmaceutical
·
Other
By Region
North
America– (U.S.,
Canada, Mexico)
Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe)
Asia
Pacific- (China, Japan, India, South Korea, Australia,
ASEAN, Rest of Asia Pacific)
Latin
America- (Brazil, Argentina, Chile, Rest of Latin
America)
Middle East and
Africa- (GCC, Turkey, South Africa, and the Rest of
MEA)
Lastly, the Ultra High Purity
Pressure Gauge Market Analysis includes a regional
analysis and country analysis with the latest trends, along with the major key
players including Swagelok Company, Ashcroft,Inc., Brooks Instrument, WINTERS
INSTRUMENTS, GENSTAR TECHNOLOGIES, FITOK Group, Schmierer GmbH, Inc.
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