Vacuum Coating Equipment Market Size worth over $38bn by 2026

Vacuum Coating Equipment Market size is set to surpass USD 38 billion by 2026, according to a new research report by Global Market Insights, Inc.
 

Smooth finish and superior aesthetics of end-product to drive the product demand

The market growth is due to its growing utilization in the electronics sector for photovoltaic devices, integrated circuits and other microelectronic coating applications. Vacuum coating equipment provides smooth finish, excellent accuracy, aesthetic look and other multiple properties that provides product resistance to chemicals, abrasion, wear & tear and harsh climatic conditions.

 

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Expanding automotive industry across the world will increase the vacuum coating equipment market demand to meet engine emission norms globally. Heavy duty vehicle manufacturers require the engines to work without significant wear for at least a million miles. Thus, they employ the use of physical vapour deposition (PVD) coatings on engine components that improves engine performance.
 

Friction and wear resistance are achieved by developing plasma coating on specific components as per the lubrication. Moreover, PVD coating of chrome nitride on piston rings extend engines’ lifetime considerably. These factors will positively drive the growth of vacuum coating equipment in the automotive sector.
 

Vacuum Coating Equipment Market By Technology

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Physical vapour deposition technology to drive the vacuum coating equipment market growth

Physical vapour deposition technology of vacuum coating generated a revenue of USD 12.21 billion in 2019, which is anticipated to grow at a significant rate from 2020 to 2026 owing to its cost & energy effective process.
 

The technology provides advantage over other traditional coating methods i.e., electroplating and painting by providing, longer shelf life and scratch resistance to the product surface. Physical vapour deposition technology is further segmented into evaporation, magnetron sputtering, and other technologies that includes pulsated laser, arc vapor, etc.
 

Browse key industry insights spread across 190 pages with 177 market data tables & 23 figures & charts from the report, “Vacuum Coating Equipment Market Size By Technology (Physical Vapour Deposition [Evaporation, Magnetron Sputtering], Chemical Vapour Deposition), By Application (PVD [Microelectronics, Data Storage, Solar, Medical Equipment, Cutting Tools], Magnetron Sputtering [Metallizing For Microelectronic Circuits And Chip Carriers, Electrical Resistance Films, Magnetic Films, Opto Storage Devices, Corrosion-Resistant Films, Gas Sensors], CVD [Integrated Circuits & Photovoltaic Devices, Polymerization, Metal-Organic Frameworks {Gas Storage, Adsorption & Purification, Catalysis, Gas Sensing & Low-K Dielectrics}]), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
https://www.gminsights.com/pressrelease/vacuum-coating-equipment-market
 

Swelling product usage in solar panels to drive the market growth of physical vapour deposition applications

The PVD applications will register more than 6.2% gains during the forecast period due to increasing demand from medical equipment, cutting tools and solar panels over the recent years.
 

Moreover, increasing government subsidies to encouraging the use of roof top solar power plants across several developed and developing economies such as India, China and Japan will surge the market demand.
 

Increasing demand for solar applications to enhance North America penetration

North America accounts a fair share in the overall vacuum coating equipment market and is likely to register growth at a significate rate of 5.7% through 2026 owing to increasing demand of product from United states.
 

This is because the U.S. has been the biggest investor in the renewable energy production, contributing to the production of around 132GW of renewable energy in 2019. Moreover, increasing demand for renewable energy in the region will further influence the market revenue.
 

Product differentiation to provide competitive advantage to the manufacturers

The important players in the market include Buhler AG, BCI Blösch group, PVD Products Inc, Applied Materials Inc, Kolzer SRL, and Singulus Technologies AG.
 

These companies primarily focus on research and development activities to minimize the operating cost of the equipment. Additionally, mergers & acquisitions along with product enhancement are among the key strategies adopted by market manufactures to enhance their profitability and growth in the near term.
 

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