Asia Pacific Vapor Deposition Equipment Market Size Is Expected To Reach USD 19.15 Billion By 2028Posted by rahul nikade on November 17th, 2022 Asia Pacific Vapor Deposition Equipment Industry Overview The Asia Pacific vapor deposition equipment market size was estimated at USD 11.98 billion in 2020 and is anticipated to grow at a compounded annual growth rate (CAGR) of 6.4% from 2021 to 2028. Rising demand for high-quality thin films on solid materials in various applications, such as microelectronics, solar products, medical devices, and cutting tools, among others, drive the market. During the COVID-19 pandemic, various electronics, cutting tools, and solar products manufacturing companies were shut resulting in hampering the demand for vapor deposition equipment. However, as the world has started returning to normalcy from the beginning of 2021, due to vaccine rollouts, the demand for vapor deposition is expected to witness growth. Gather more insights about the market drivers, restrains and growth of the Asia Pacific Vapor Deposition Equipment Market The COVID-19 pandemic is anticipated to have a dual effect on the electronics, automobile, and solar industries, wherein the manufacturing of components was halted due to lockdowns imposed in various countries, coupled with a slowdown in logistics, resulting in supply interruptions. Furthermore, the unavailability of labor regionally has also contributed negatively to the manufacturing of components, thereby hampering the market growth. According to IRENA, Asia Pacific dominated the solar energy market with over 56% of the total installed capacity globally. The increasing demand for solar photovoltaic systems is one of the factors driving the growth of semiconductor devices, which, in turn, is anticipated to drive the market for vapor deposition equipment in the region. The growth of the solar equipment industry in China, Indonesia, and India is likely to contribute significantly to the market growth. Countries across Asia Pacific have pledged to reduce carbon emissions in line with the Paris Climate Treaty. This has increased the penetration of solar technology in the region, thereby complementing market growth. The costs incurred by the manufacturers are affected by a number of factors, including volatile commodity prices, raw materials, parts, freight, and labor costs. Furthermore, other factors, such as inflation, exchange rates, international trade agreements, economic concerns, and tariffs, also affect the raw material prices and the manufacturing costs of the equipment, thereby restraining the market growth. Browse through Grand View Research's Paints, Coatings & Printing Inks Industry Research Reports
Asia Pacific Vapor Deposition Equipment Market Segmentation Grand View Research has segmented the Asia Pacific vapor deposition equipment market on the basis of technology, application, and region: Asia Pacific Vapor Deposition Equipment Technology Outlook (Revenue, USD Million, 2017 - 2028)
Asia Pacific Vapor Deposition Equipment Application Outlook (Revenue, USD Million, 2017 - 2028)
Asia Pacific Vapor Deposition Equipment Regional Outlook (Revenue, USD Million, 2017 - 2028)
Market Share Insights
Key Companies profiled: Some prominent players in the Asia Pacific vapor deposition equipment market include:
Order a free sample PDF of the Asia Pacific Vapor Deposition Equipment Market Intelligence Study, published by Grand View Research. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc. Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: sales@grandviewresearch.com Like it? Share it!More by this author |