About Standard Vacuum Gauge
A Vacuum Gauge is a pressure measuring instrument that measures pressure in a vacuum (i.e., in a vessel operating at sub-atmospheric pressure). Depending on the type of vacuum system and the required operating vacuum level, different vacuum gauges are required, often in combination with one another, to accurately determine and control the vacuum level of the chamber at any given moment in time. The market is driven by the increasing demand for vacuum technology in semiconductor manufacturing, the healthcare industry, and the shift towards sustainable technologies.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.75% |
Competition among existing players is due to the Standard Vacuum Gauge market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for standard vacuum gauge market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Standard Vacuum Gauge market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
MicroStrain (United States), IFM Efector, Inc. (United States), Anver Corp. (United States), MKS Instruments (United States), Thyracont Vacuum Instruments GmbH (Germany), VUOTOTECNICA S.r.l. (Italy), Gimatic Srl (Italy), FIPA (Germany), Budenberg Gauge Co. Ltd. (United Kingdom), IKA (Japan), SMC Corporation (Japan) and SHINKO SEIKI CO., LTD. (Japan) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are CKD (Japan), VACUUBRAND (Germany), ULVAC, Inc. (Japan) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Standard Vacuum Gauge market by Type (Mechanical gauges, Absolute pressure gauges, Thermocouples or Pirani gauges, Ionization gauges (hot & cold cathode) and McLeod gauges) and Region.
On the basis of geography, the market of Standard Vacuum Gauge has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Standard Vacuum Gauge market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Sensors will boost the Standard Vacuum Gauge market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Automotive Industry will boost the Standard Vacuum Gauge market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The adoption of digital and wireless technologies in vacuum measurement. and Integration of IoT and cloud computing in gauge system.
Market Growth Drivers:
Increasing demand in various industries such as automotive, aerospace and healthcare. and The need for precise vacuum measurements in research and development.
Challenges:
Miniaturization and complexity in advanced device manufacturing.
Restraints:
Lack of skilled professionals in operating and interpreting vacuum gauge readings.
Opportunities:
Advancement in sensor technology. and The development of compact and portable vacuum gauge.
Market Leaders and their expansionary development strategies
In June 2023, Spectris plc, the expert in providing insight through precision measurement, announced that it has signed a purchase agreement to acquired MicroStrain Sensing Systems Business for USD 37.6 million. MicroStrain is a leading developer of inertial and wireless sensing systems, serving the industrial and aerospace sensing systems market. The acquisition, which is in line with the Strategy for Sustainable Growth presented at the capital markets, allows both companies to leverage complementary capabilities and provide enhanced customer offerings and solutions accelerating their product development.
In August 2021, Posifa Technologies launched new evaluation kit for its PVC4000 series of digital MEMS Pirani vacuum transducer, which promises to disrupt the portable vacuum gauge market by enabling low-cost, easily replaceable sensor probes that can be switched without requiring the vacuum gauge itself to be recalibrated, since all the calibration data is stored within the probe itself.
Key Target Audience
Manufacturers Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.