Pune, Maharashtra Apr 28, 2021 (Issuewire.com) - The semiconductor gas filters (SGF) market is expected to grow at a CAGR of 5% from 2020 to reach $21.7 billion by 2027. The growth in this market is majorly attributed to the factors such as rapid adoption of digital transformation technologies, significant growth in the demand for crystalline silicon wafer solar cells, and increasing demand for safety filters that prevent damages to semiconductor components. Furthermore, the increasing investment in R&D activities for the betterment of semiconductor manufacturing components and the emergence of 5G technology offers significant opportunities for the semiconductor gas filter market players in the coming years. However, the factors such as the dynamic nature of the semiconductors manufacturing market, the development of advanced filters at relatively low cost, and the global impact of COVID-19 on the semiconductor industry have created some serious challenges for the growth of this market.
Download a request sample: https://www.meticulousresearch.com/request-sample-report/cp_id=5114
.The overall semiconductor gas filters market study presents historical market data (2018 & 2019), estimated current data (2020), and forecasts for 2027 in terms of both value and volume. The market is segmented on the basis of construction type (in-line filters, gasket filters), filter element (metallic filter element, non-metallic filter element), and geography. The study also evaluates industry competitors and analyzes the market at a country level.
Based on construction, the SGF market is segmented into in-line filters and gasket filters. The in-line filters segment is estimated to account for the largest share of the overall semiconductor gas filter market in 2020. The large share of the segment is mainly attributed to the factors such as increasing adoption of LED, data storage devices, and flat panel displays; consistent technological advancements; and growing semiconductor manufacturing industry coupled with increasing government & private investments. Furthermore, players operating in this market are working on reducing the size of integrated filters and enhancing their performance, which is further supporting the fastest growth of this segment during the forecast period.
Based on the filter elements, the SGF market is segmented into metallic filter elements and non-metallic filter elements. The metallic filter element segment is estimated to account for the largest share of the overall semiconductor gas filter market in 2020. The large share of the segment is mainly attributed to the growing consumption of metallic filters coupled with the growing need for high-performance filters and technological advancements. In addition, the growing need for higher purity process gases used in IC manufacture and a high adoption rate owing to the compact size and flexible choice of fittings is also expected to contribute to the fastest growth of this market over the forecast period.
Geographically, the global SGF market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific region is estimated to account for the largest share of the global semiconductor gas filter market in 2020. The large share of this segment is mainly attributed to the saturation of the semiconductor manufacturing industry coupled with the high consumption of semiconductor devices; increasing private investment in R&D activities for the advancement of gas filters; and the large electronics manufacturing sector in the region. In addition, the factors such as favorable government initiatives, easy availability of filters, and rising adoption of advanced technologies are also contributing towards the fastest growth of this market in the Asia Pacific region in the coming years.
Click here to Enquire: https://www.meticulousresearch.com/enquire-before-buying/cp_id=5114
In-line filters to dominate the overall semiconductor gas filters market in 2020
Based on construction, the in-line filters segment is estimated to command the largest share of the overall semiconductor gas filter market in 2020. The large share of this segment is mainly due to the continuous technological advancements, growing need for filters that prevent contamination of semiconductor components, rapidly increasing semiconductor manufacturing industry, and rising strategic developments among gas filter providers.
The metallic filter element segment is projected to grow at the fastest CAGR during the forecast period
Based on the filter element, the metallic filter element segment is projected to grow at the fastest rate during the forecast period, owing to the high adoption rate, increasing demand for high-pressure and high-temperature filters, growing investment in R&D activities, and increasing need for high purity gas filters coupled with technological advancements.
Asia-Pacific: The largest semiconductor gas filters market
The Asia Pacific region is estimated to command the largest share of the global semiconductor gas filter market in 2020. This region is also expected to witness rapid growth during the forecast period. The rapid growth of this region is mainly driven by factors such as economic growth of the region, consistent technological advancements in gas filters, easy availability coupled with the presence of many players, increasing consumer demand for high-performance filters, and increasing investment in the semiconductor industry. In addition, the leading players operating in this market are focusing on expanding their R&D center with investments, thereby encouraging the growth of the semiconductor gas filter market in this region over the forecast period.
Key Players:
The report includes a competitive landscape based on an extensive assessment of the key strategic developments adopted by the leading market participants in the semiconductor gas filters market over the last few years. The key players profiled in the global semiconductor gas filters market are Entegris, Inc. (U.S.), Porvair Filtration Group (U.K.), Donaldson Company, Inc. (U.S.), Pall Corporation (U.S.), Ewald Associates, Inc. (U.S.), Mott Corporation (U.S.), Valin Corporation (U.S.), Nippon Seisen Co., Ltd. (Japan), Parker Hannifin Corporation (U.S.), WITT-Gasetechnik GmbH & Co KG (Germany), Mycropore Corporation (Taiwan), Teesing B.V. (Netherlands), and Bronkhorst High-Tech B.V. (Netherlands), among others.
Check complete table of contents with list of table and figures: https://www.meticulousresearch.com/product/semiconductor-gas-filters-market-5114/
Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Media Contact
SEO intern sales@meticulousresearch.com http://www.meticulousresearch.com
