March 05, 2020
The research report on ‘North America Vacuum Coating Equipment Market Size By Application, Product, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2024’, which is available at MarketStudyReport.com, provides complete assessment of the key industry trends and the growth predictions of North America vacuum coating equipment market.
According to the report, North America vacuum coating equipment industry is expected to surpass USD 14 billion by the year 2024. Factors such as increasing awareness pertaining to vacuum coating along with booming electronics and aerospace sectors in U.S. are driving the industry growth. There has been an upsurge in demand for vacuum coating in automotive industry as an alternative to other processes. This factor along with shifting preferences towards renewable sources of energy, and favorable government initiatives which promote adoption of solar power are further aiding the market expansion in North America.
The report states that North America vacuum coating market from PVD technique held 40% share in the year 2018 and is presumed to expand continuously during the estimated timeframe. PVD coating is used across various applications such as storage, cutting tools, microelectronics, solar, medical equipment, and automobile. This factor along with growing automobile, fabrication, power generation, and electronics industries are facilitating the business scenario in North America.
As per the report, CVD vacuum coating segment accounted for USD 3.4 billion in the year 2018 and is expected to grow with a CAGR of 6.5% during the period of 2019-2024. This technique is applied for low-k dielectrics, metal organic frameworks, integrated circuits, gas sensing, polymerization, and photovoltaic devices. Adding to this, rapid expansion of automotive industry has enhanced the demand for CVD technique based metal frameworks, which in turn is favoring North America industry outlook.
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The prominent companies operating in North America vacuum coating equipment industry are Semicore Equipment, ULVAC, Inc., Applied Materials, Scientific Vacuum Systems Ltd., PVD Products, Inc., Singulus Technologies, BCI Blösch, Buhler AG, and Kolzer SRL.
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