LONDON, 16 Feb. 2022 (GLOBE NEWSWIRE) — According to The Business Research Company’s research report on the vacuum coating equipment market, technological advancement is a key trend that is gaining popularity. The major companies operating in the sector are focused on the development of technological solutions for vacuum coating, which include the vacuum coating equipment markets for chemical vapor deposition (CVD) and physical vapor deposition (PVD). ).
For example, in May 2021, Singulus Technologies, a Germany-based manufacturing company, partnered with China National Building Material Co., Ltd., a China-based building materials company, to develop new coating machines vacuum based on CdTe Thin-Film technology. . Singulus Technologies and CNBM have agreed to collaborate on the development and delivery of new coating equipment to reduce manufacturing costs, improve cell performance and increase production.
The global vacuum coating equipment market size is expected to grow from $27.75 billion in 2021 to $30.95 billion in 2022 at a compound annual growth rate (CAGR) of 11.5%. The vacuum coating equipment market growth is mainly driven by companies resuming operations and adapting to the new normal while recovering from the impact of COVID-19, which previously led to containment measures restrictions involving social distancing, remote working and closure of business activities. which resulted in operational difficulties. The market should reach $40.65 billion in 2026 at 7.1% CAGR.
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Growing adoption of electric vehicles is expected to propel the demand for vacuum coating equipment market over the forecast period. Coatings play an important role in protecting electric vehicle substrates and components from rust and damage. The growing popularity and demand for electric vehicles will lead to an increase in demand for vacuum coating equipment. For example, according to Bloomberg New Energy Finance (BNEF), electric vehicles are expected to reach 10% of global passenger vehicle sales by 2025, rising to 28% in 2030 and 58% in 2040.
The major players in the vacuum coating equipment market are Bühler Group, ULVAC Inc., Applied Materials Inc., Singulus Technologies AG, Kolzer Srl, CVD Equipment Corporation, Semicore Equipment Inc., OC Oerlikon, Mustang Vacuum Systems Inc., Izovac Ltd., IHI Corporation, PVD Products Inc., TM Vacuum Products Inc., Lanzhou Vacuum Equipment Liability Co., Ltd. and HEF USA.
The global TBRC vacuum coating equipment market outlook is segmented by product into physical vapor deposition (PVD), magnetron sputtering, chemical vapor deposition (CVD); by application in electronics and panel display, optics and glass, automotive, tools and hardware.
Asia Pacific was the greater region in the Vacuum Coating Equipment Market in 2021. Regions covered in the Vacuum Coating Equipment market report are Asia-Pacific, Western Europe, Eastern Europe, America North, South America, the Middle East and Africa.
Global Vacuum Coating Equipment Market Report 2020-30: COVID-19 Growth And Change is part of a series of new reports by The Business Research Company that provide insights into the Vacuum Coating Equipment market, analyze the Vacuum Coating Equipment market and forecast market size and growth for the overall market, Vacuum Coating Equipment market segments and geographies, Vacuum Coating Equipment market trends, Vacuum Coating Equipment market drivers Vacuum Coating Equipment, Vacuum Coating Equipment Market constraints, revenue, profiles and market shares of top Vacuum Coating Equipment market competitors in 1000+ industry reports, covering over 2,500 market segments market and 60 geographical areas.
The report also gives an in-depth analysis of the impact of COVID-19 on the market. The reports are based on 150,000 datasets, extensive secondary research and proprietary insights from interviews with industry leaders. A highly experienced and expert team of analysts and modellers provide market analysis and forecasts. The reports identify key countries and segments for opportunities and strategies based on market trends and key competitor approaches.
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