North American Vacuum Coating Equipment Market size is poised to reach USD 7.5 billion by 2028, according to a latest forecast report by Graphical Research.
Over the last decade, the number of solar projects has grown considerably across Canadia and U.S. alike, strengthening product use in photovoltaic applications. In June 2022, for instance, utility-scale solar solutions provider Westbridge Energy Corporation announced that it has added a new Canada-based 250 MW solar as well as 100MW battery storage project to its portfolio.
Rising demand for medical devices such as portable ultrasound devices will ensure that North America market continues to grow through 2028. Since the pandemic, healthcare facilities have been seeing record demands for testing and tracing. Rising installation of life-saving systems such as ventilators across community hospitals and clinics will entail higher product demand.
With the steady progress of the electronics industry, U.S. vacuum coating equipment market will record a CAGR of over 4% between 2022 and 2028. In order to support the domestic semiconductor supply chain and stabilize the distribution networks, the regional government has been implementing measures to fortify production and innovation.
In June 2021, for instance, the U.S. Senate introduced the United States Innovation and Competition Act (USICA), which will allocate funds worth over USD 52 billion toward the industry. It will strengthen the nation’s chip manufacturing, design, and research. After the COVID-19 pandemic led to semiconductor shortage, the U.S. chip manufacturing industry sought to overcome the vulnerability in the supply chain.
The magnetron sputtering vacuum coating equipment industry will gain remarkable momentum during the forecast timeline. This coating technique is extensively utilized for medical applications, particularly across sophisticated 3D devices that require uniform coatings. Biocompatible hard coatings offered by this vacuum coating technology will ensure higher safety of medical implants for patients.
Browse detailed statistical insights from the report, “North America Vacuum Coating Equipment Market Forecast 2028 By Application (PVD [Microelectronics, 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 Sensing & Low-K Dielectrics]), By Product (PVD, Magnetron Sputtering, CVD), Research Report, Regional Outlook (U.S., Canada), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
Canada vacuum coating equipment (CVD) market size will exceed USD 800 million by 2028. Driven by the rising zeal toward a carbon- neutral future, the region has been witnessing a slew of residential, commercial, and utility scale solar projects. The CVD segment has been demonstrating a high potential for further growth due to increasing deployment across numerous applications.
These include gas sensing, low-k dielectrics, polymerization, metal organic frameworks, and integrated circuits (ICs). The spiraling demand for residential and commercial construction will ensure that the technique gains widespread traction. This trend will be accelerated by the rising uptake of multilayer protective CVD coatings for hard metal tools, including cemented carbide cutting tools for drilling, milling, and other construction equipment.
The North American vacuum coating equipment market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2017 to 2028 for the following segments:
North America Market, By Technology
- Physical Vapor Deposition (PVD)
- Magnetron sputtering
- RF magnetron sputtering
- Reactive sputtering
- Chemical Vapor Deposition (CVD)
North America Market, By Application
- PVD application
- Medical equipment
- Cutting tools
- Sputtering application
- Metallizing for microelectronic circuits and chip carriers
- Electrical resistance films
- Magnetic films
- Opto storage devices
- Corrosion-resistant films
- Gas sensors
- CVD application
- Integrated Circuits (ICs) & photovoltaic devices
- Metal-organic frameworks
- Gas storage, adsorption, and storage & purification
- Gas sensing & low k-dielectrics
The above information has been provided for the following countries: