Flow Control Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 5.67 Billion |
| Market Size (2029) | USD 7.74 Billion |
| CAGR (2024 - 2029) | 6.41 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Flow Control Market Analysis
The Flow Control Market In The Semiconductor Industry is expected to grow from USD 5.67 billion in 2024 to USD 7.74 billion by 2029, at a CAGR of 6.41% during the forecast period (2024-2029).
The need for tighter process control during semiconductor manufacturing and the growing investment in new production facilities driven by higher demand are among the key factors driving the growth of the studied market.
- Flow control is highly critical in the semiconductor industry as several processes, including plasma-etch, chemical vapor deposition (CVD), and many other processes, require two or more of these gases to react to produce the passivation layer or essential film, wherein even a slight deviation in gas flow can cause the process to fail. Hence, accurate metering of gas flow into the process chamber is essential.
- Significant advancements in the semiconductor and electronics industries are expected to drive industrial growth. The strong adoption of the work-from-home lifestyle may also add to the surge in demand for electronic equipment caused by the pandemic. Furthermore, with technological advancements and well-established distribution networks, European and US electronics manufacturers strive to expand operations in emerging nations. Furthermore, the increasing popularity of consumer electronics among China's and India's youth is expected to boost the demand for semiconductor chips, which in turn will have a positive impact on the studied market's growth.
- Driven by the growing demand, the semiconductor industry is also witnessing significant growth. For instance, according to the Semiconductor Sector Association (SIA), the global semiconductor industry's sales reached USD 580.13 billion in 2022, a 4.4% growth over the previous year's total of USD 555.89 billion. Although the growth is anticipated to slow down, with SIA anticipating revenue of USD 556.57 billion in 2023, stable growth will positively influence the studied market's growth.
- Due to the existence of major global and local players, the market studied is fragmented as of now. With the increasing complexity of semiconductor manufacturing, the requirement for flow control equipment is also increasing, and much more sophisticated and technologically advanced pumps, valves, and seals are required. Global investment in research and development in power efficiency and facility upgrades in the semiconductor industries are also important drivers of severe competition among companies. The ongoing developments of products and mergers and acquisitions in the market further add to the market's competitiveness.
- However, a higher cost involved with semiconductor manufacturing is anticipated to continue to remain among the major challenging factors for the growth of the studied market. Additionally, the design complexity involved in designing flow control devices/components, considering the critical nature of applications associated with the semiconductor industry, also challenges the growth of the studied market.
- The COVID-19 pandemic had a detrimental impact on the market studied, especially during the initial phase, as the widespread lockdown imposed across the globe significantly disrupted the supply chain and manufacturing capability of chip manufacturers. However, the demand for semiconductor chips significantly increased during the pandemic, which is anticipated to continue during the forecast period, driving investments in new production facilities, which in turn will drive the demand for flow control solutions.
Flow Control Market Trends
Mechanical Seals to Register the Fastest Growth
- A mechanical seal's primary function is to prevent fluid or gas leakage through the clearance between the shaft and the container. Mechanical seals are made up of two faces separated by carbon rings. The revolving equipment comes in touch with the initial face, which is stationary. Furthermore, the seal ring (first face) is the main component of the seal on which the mechanical force generated by springs, bellows, or fluids in the equipment acts. In the semiconductor industry, seals are invariably housed in areas of the processing system where they need to withstand highly corrosive gases, liquids, gases, and plasmas, often in vacuum conditions or at elevated temperatures.
- The mechanical seal market has seen substantial growth in recent years. It is expected to continue to grow in the coming years, primarily due to growing investment in semiconductor manufacturing facilities. In emerging nations, the rise of AI, ML, and IoT, as well as smartphone and consumer electronics development, is predicted to prompt further development policies and investments in the semiconductor industry. Cartridge seals, balanced and unbalanced seals, pusher and non-pusher seals, and conventional seals are examples of mechanical seals impacting the mechanical sealing market expansion.
- In the fabrication of semiconductor products, seal reliability and contamination reduction are crucial. Chemical filtration, chemical transfer, AODD pump sealing, and silicon wafer fabrication are essential semiconductor applications where mechanical seals have proven to be the best option.
- Deposition, etch, ash/strip, plasma, and heat processing or annealing are synergistic process technologies that constitute some of the most difficult environments for elastomer seal materials. These are frequently encountered during the fabrication of semiconductor-integrated circuits. Clean-room manufactured seals with low particle and trace metal contamination are used to minimize yield loss and chemical erosion rates. These seals can provide benefits such as increased system up-time, increased mean time between failure (MTBF), decreased wet clean or mechanical clean frequency, and reduced cost of ownership (CoO) through lower consumable costs (CoC).
- In recent years, the digitization and automation trends have significantly enhanced the demand for semiconductors. For instance, according to SIA and WSTS, sales of semiconductors reached a valuation of USD 580.13 billion globally in 2022, reporting a year-on-year growth of 4.4%. Although it is anticipated to stabilize in the coming years, gradual growth is anticipated during the forecast period, which is anticipated to drive the growth of the studied market during the forecast period.
United States is expected to Hold Significant Market Share
- In recent years, the United States has started taking several initiatives to boost the growth of the semiconductor industry. For instance, in 2022, the Biden administration signed the CHIPS and Science Act. This USD 52.7 billion industrial program intends to support research, improve supply chain resilience, and revive semiconductor manufacturing in the United States.
- The U.S. has experienced increased domestic chip manufacturing facility proposals since the U.S. CHIPS and Science Act was first proposed and up to its adoption in 2022. The development of new plants and research and design projects have received investments totaling more than USD 200 billion. To entice original chip manufacturers (OCMs) to their borders, U.S. states have implemented legislation requiring them to provide additional financing.
- Incentives and forgiven loans for OCMs totaling USD 200 million are being considered by Oregon. New York promised state incentives of USD 5.5 billion, while Michigan authorized over USD 800 million in incentives. Since the CHIPS and Science Act was enacted, OCMs have increased initial investments by a factor of two to three. From USD 12 billion to USD 40 billion, TSMC expanded its investment in Arizona-based factories.
- Due to the CHIPS and Science Act, the United States is well on its path to boosting its proportion of semiconductor production worldwide as the USD 52.7 billion aims for the overall development of the semiconductor industry, which include USD 39 billion as manufacturing incentives, USD 13.2 billion for R&D and workforce development, and USD 500 million for semiconductor supply chain activities and international information communications technology (ICT) security.
Flow Control Industry Overview
The competitive rivalry among the flow control equipment providers is moderate, owing to the presence of various dominating brands competing for market shares globally, making the market moderately competitive. The demand for vacuum pumps has spiked in recent years due to the massive consumer electronics and smartphone penetration across developing countries. This is leading to an increased focus on customer acquisition and formulating distribution channels as key strategies. Some key market players include Pfeiffer Vacuum GmbH, Atlas Copco AB, Gardner Denver, and Busch Holding GmbH.
In December 2022, Atlas Copco expanded its foothold in the US by building new semiconductor production facilities. To help the quickly expanding North American semiconductor industry, Edwards, a subsidiary of the Atlas Copco Group, kicked off two new production plants in Arizona and Massachusetts.
In November 2022, Pfeiffer Vacuum offered the first hermetically sealed rotary vane pump for mass spectrometry. The SmartVane is a backup pump for mass spectrometers (ICP-MS, LC/MS) used in pharmaceutical and clinical analytics, food and environmental analytics, and other related fields. Its vacuum pump's construction prevents contamination by making sure there are no oil leaks. The SmartVane features extended maintenance intervals because there is no need for a traditional seal due to the integrated motor.
Flow Control Market Leaders
Pfeiffer Vacuum GmbH
Atlas Copco AB
Gardner Denver (Ingersoll Rand Inc.)
Flowserve Corporation
Busch Holding GmbH
*Disclaimer: Major Players sorted in no particular order
Flow Control Market News
- August 2022: Swagelok released a new ultrahigh-purity diaphragm valve to deliver both the service life and consistency necessary for semiconductor fabricators to improve chip yields. The Swagelok ALD7 could be integrated into either legacy equipment or new tools to provide improved flow capacity in the same 1.5-inch footprint as existing valves.
- May 2022: Dover announced the acquisition of Malema Engineering Corporation, a designer and manufacturer of mission-critical flow measurement and control instruments serving customers in the semiconductor, biopharmaceutical, and industrial sectors. After the completion of the process, the company was to become part of the PSG business unit within Dover's Pumps & Process Solutions segment.
Flow ControlMarket Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Analysis - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Assessment of the Impact of COVID-19 on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Growing Electronics Industry Driven By IIoT Digitalization
5.2 Market Challenges
5.2.1 Increasing Market Consolidation Is Expected To Create Stiff Competition
6. MAJOR APPLICATIONS OF VACUUM PUMPS AND VALVES IN THE SEMICONDUCTOR INDUSTRY
6.1 Vacuum Pumps
6.1.1 Physical Vapor Deposition/sputtering
6.1.2 Chemical Vapor Deposition (plasma/sub-atmospheric)
6.1.3 Diffusion/low Pressure Chemical Vapor Deposition (LPCVD)
6.1.4 Atomic Layer Deposition
6.1.5 Dry Stripping and Cleaning
6.1.6 Dielectric Etch
6.1.7 Conductor and Polysilicon Etch
6.1.8 Atomic Layer Etching
6.1.9 Ion Implantation
6.1.10 Load Lock and Transfer
6.1.11 Critical Dimension Scanning Electron Microscope
6.1.12 Airborne Molecular Contamination And Particles Monitoring In Front Opening Universal Pods
6.1.13 Airborne Molecular Contamination
6.2 Valves
6.2.1 Chemical Supply
6.2.2 Polysilicon Process
6.2.3 Wafer Manufacturing
6.2.4 Chemical Manufacturing
6.2.5 Slurry Supply
6.2.6 Solvent Supply
6.2.7 Water Treatment
6.2.8 Lithography
6.2.9 Etching
6.2.10 CMP
6.2.11 Chemical and Slurry Recovery
7. MARKET SEGMENTATION
7.1 Type of Component
7.1.1 Vacuum
7.1.2 Valves
7.1.2.1 Ball
7.1.2.2 Butterfly
7.1.2.3 Gate
7.1.2.4 Globe
7.1.2.5 Others Types of Valves
7.1.3 Mechanical Seals
7.2 By Country
7.2.1 United States
7.2.2 China
7.2.3 Taiwan
7.2.4 South Korea
7.2.5 Japan
7.2.6 Rest of the World
8. COMPETITIVE LANDSCAPE
8.1 Company Profiles - Vacuum Pumps*
8.1.1 Pfeiffer Vacuum Gmbh
8.1.2 Atlas Copco AB
8.1.3 Gardner Denver (ingersoll Rand Inc.)
8.1.4 Flowserve Corporation
8.1.5 Busch Holding Gmbh
8.1.6 Kurt J. Lesker Company
8.2 Company Profiles - Valves*
8.2.1 Fujikin Incorporation
8.2.2 GEMÜ Holding GmbH & Co.KG
8.2.3 VAT Vakuumventile AG
8.2.4 Swagelok Company
8.2.5 Festo SE & Co. KG
8.2.6 GCE Group
8.3 Company Profiles - Mechanical Seals*
8.3.1 DuPont De Nemours Inc.
8.3.2 EKK Eagle SC Inc.
8.3.3 EnPro Industries Inc.
8.3.4 Freudenberg Group
8.3.5 AESSEAL PLC
8.3.6 Parker-Hannifin Corporation
8.3.7 Greene, Tweed & Co. Inc.
9. INVESTMENT AND FUTURE OUTLOOK
Flow Control Industry Segmentation
Flow controllers are electronic devices that monitor and maintain flow rate variables in-process applications. They can be utilized in fluid flow systems in conjunction with pumps and valves to enable greater control of flow variables. In the semiconductor manufacturing process, dry vacuum pumps are essential. Gases are injected into a chamber to react and produce a layer on the surface of a silicon wafer in the semiconductor manufacturing process. The pump's job is to maintain a constant low pressure in the chamber to aid in forming the film.
The global flow control market in the semiconductor industry is segmented by type of component (vacuum pump, valves (ball, butterfly, gate, and globe), and mechanical seals) and country.
The market sizes and forecasts are provided in terms of value in USD for all the above segments.
| Type of Component | |||||||
| Vacuum | |||||||
| |||||||
| Mechanical Seals |
| By Country | |
| United States | |
| China | |
| Taiwan | |
| South Korea | |
| Japan | |
| Rest of the World |
Flow ControlMarket Research FAQs
How big is the Flow Control Market In The Semiconductor Industry?
The Flow Control Market In The Semiconductor Industry size is expected to reach USD 5.67 billion in 2024 and grow at a CAGR of 6.41% to reach USD 7.74 billion by 2029.
What is the current Flow Control Market In The Semiconductor Industry size?
In 2024, the Flow Control Market In The Semiconductor Industry size is expected to reach USD 5.67 billion.
Who are the key players in Flow Control Market In The Semiconductor Industry?
Pfeiffer Vacuum GmbH , Atlas Copco AB, Gardner Denver (Ingersoll Rand Inc.), Flowserve Corporation and Busch Holding GmbH are the major companies operating in the Flow Control Market In The Semiconductor Industry.
Which is the fastest growing region in Flow Control Market In The Semiconductor Industry?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Flow Control Market In The Semiconductor Industry?
In 2024, the North America accounts for the largest market share in Flow Control Market In The Semiconductor Industry.
What years does this Flow Control Market In The Semiconductor Industry cover, and what was the market size in 2023?
In 2023, the Flow Control Market In The Semiconductor Industry size was estimated at USD 5.33 billion. The report covers the Flow Control Market In The Semiconductor Industry historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Flow Control Market In The Semiconductor Industry size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Flow Control Industry Report
Statistics for the 2024 Flow Control In The Semiconductor Industry market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Flow Control In The Semiconductor Industry analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
