Ultra High Purity Pressure Gauge Market Overview:
The Ultra High Purity Pressure Gauge Market size was valued at USD 719.29 Million in 2021, registering a CAGR of 5.2% during the forecast period (2022-2030), and the market is projected to be worth USD 1,092.90 Million by 2030.
Ultra-high purity pressure gauges are pressure measuring devices that are used in ultra-high purity gas delivery systems. The ultra-high purity gases including oxygen, nitrogen, helium, argon, and carbon dioxide among others are used for a wide range of applications in the electronics, semiconductor, and healthcare industries. Increasing trend of growth in the semiconductor industry is driving the market growth of ultra-high purity pressure gauges. The demand for semiconductors is increasing with increasing demand for consumer electronics products such as smartphones, televisions, digital watches, and gaming consoles among others. Furthermore, the rapid growth in the medical, pharmaceutical, and biotechnology industries is spurring the growth of ultra-high purity pressure gauges.
Market Dynamics:
Driver:
The ultra high purity devices are specially designed for ultra pure applications such as flat panel display productions. The flat panel displays comprises of several; types including liquid crystal display (LCD), light emitting diode (LED), and several others. The manufacturing of the flat panel displays requires high purity gases such as N2 (Nitrogen), O2 (Oxygen), H2 (Hydrogen) along with specialty gases including NH3 (Ammonia), N2O (Nitrogen Oxide), and so on. Excess supply of the gases negatively hampers the quality of the flat panel displays. Thus, ultra high purity gas distribution systems comprising of ultra high purity pressure gauge are widely used to deliver these gases during the flat panel display production by controlling their flow rate and maintain their pressure.
The flat panel displays are installed in the in-vehicle display systems in the vehicles for displaying navigation maps and improve the passenger’s safety by providing advanced features that assist during vehicle driving. This is one of the key factors boosting the demand for flat panel displays in turn positively impacting the demand for ultra high purity pressure gauges. Further, factors including rapid pace of industrialization, upgraded technology, increasing disposable income, availability of a wide range of models, and other similar factors are accelerating the demand and production from the automotive sector. According to the International Organization of Motor Vehicle Manufacturers, the total automotive production across the world accounted to 80.2 billion units in 2021, depicting an increase of 3% in comparison to 77.7 billion units in 2020.
Restraint:
The key working mechanism of ultra high purity pressure gauge is dependent on the Bourdon tube, which is a C-shaped hollow tube. Any external impact caused during the working conditions of attached machines is subject to cause the failure of pressure gauge mechanism. For instance, extreme vibration caused by the machine results in negatively impacting the accuracy of the pressure gauge. One of the common implications witnessed is difficulty in reading the data being shown in the display unit. In addition, this results in a faulty reading that might be caused by shifting of pointer to zero. Moreover, another key impacting factor such as pulsation also influences the accuracy of ultra high purity pressure gauge. For instance, pulsation is caused due to regular occurrences of rapid pressure increase and decrease of the media being flowing through the pipe.
Ultra High Purity Pressure Gauge Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2016-2030 |
| Market Size in 2030 (USD Million) | 1,092.90 Million |
| CAGR (2022-2030) | 5.2% |
| By Type | 28mm, 35mm, 50mm, 63mm |
| By Application | Semiconductor, Medical, Biotechnology, Pharmaceutical, Others |
| By Geography | North America– (U.S., Canada, Mexico)
Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe) Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific) Latin America- (Brazil, Argentina, Chile, Rest of Latin America) Middle East and Africa- (GCC, Turkey, South Africa, and the Rest of MEA) |
| Key Players | Swagelok Company, Ashcroft, Inc., AMETEK. Inc., Brooks Instrument, Ashcroft, Inc., WINTERS INSTRUMENTS, GENSTAR TECHNOLOGIES, FITOK Group, Schmierer GmbH, and WIKA Alexander Wiegand SE & Co. KG |
Market Segmentation:
By Type
The type segment is divided into 28mm, 35mm, 50mm, and 63mm. The 50mm segment is anticipated to contribute the largest revenue share of over USD 264.38 million in the year 2025 during the forecast period. The ultra-high purity pressure gauge with 50 mm dial size is comparatively larger in size and has a working temperature in the range of – 20 to 70 degrees Celsius. The gauges are available with helium leak test proof and a temperature measurement range of 5000 psi. Key factor driving the market growth of the 50mm is the application of ultra-high purity pressure gauge in a wide range of applications including etching equipment, cylinder cabinet, and high-purity gas delivery system among others. Additionally, the 35mm segment is expected to grow at a CAGR of over 5.1% during the forecast period. Growing adoption of ultra-high purity pressure gauges in a wide range of industries including pharmaceutical, biotechnology, medical, and semiconductor among others is spurring the market growth of the dial with a size of 35 mm. The pharmaceutical industry uses ultra-high purity pressure gauges for monitoring the flow of high-purity gases which are used in mixing, pressuring, purging, and blanketing among others. While in the semiconductor industry the ultra-high purity pressure gauge is used in processes such as annealing and plasma cleansing.
By Application
The application segment is divided into semiconductor, medical, biotechnology, pharmaceutical, and others.
The Semiconductor segment is expected to account for largest share of approximately 32.05% in 2021 as the semiconductors are an important part of electronic devices including televisions, computers, video games, and medical devices among others. The rising demand for semiconductors is leading to increased adoption of high-purity gases in the industry. The semiconductor industry uses high-purity gases such as nitrogen, hydrogen, helium, and argon. The gases are used during the fabrication and manufacturing processes. For example, during semiconductor fabrication argon is used in etching and deposition processes. Hence, the surging growth of the semiconductor industry is anticipated to positively impact the market during the forecast period.
By Region:
The regional segment includes North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. In 2021, North America is considered to contribute the largest revenue share of 244.52 million. The market in the North America region is projected to grow owing to the presence of leading medical and pharmaceutical companies of the world such as Johnson & Johnson, Pfizer Inc., and Merck & Co. among others. Further, rising pharmaceutical industry in North America is spurring the market growth of the ultra-high purity pressure gauge. Major factors influencing the growth are the growing aging population and increased vaccination rates. The “Affordable Care Act” is also boosting the growth of the pharmaceutical industry.
The Asia Pacific region is anticipated to witness substantial growth during the forecast period with a CAGR of 5.7%. The rising semiconductor industry in Asia Pacific is creating lucrative opportunities for the growth of the market in the region. For instance, according to the “2021 State of the Industry Report” published by the Semiconductor Industry Association, the four major semiconductor manufacturers in the Asia Pacific including Korea, Japan, Taiwan, and China holds 42% of the global market share in 2020. Semiconductors are an important part of daily lives and are used in a wide range of products including laptops, smartphones, televisions, digital watches, gaming consoles, and among others. Factors such as the increasing development of new technologies in the electronics sector, rise in disposable income, and surging penetration of smartphones, laptops, and other consumer devices with advanced features in Asia-Pacific are some of the key aspects driving the growth of the electronics sector in the region.
Ultra High Purity Pressure Gauge Market Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in Research and Development (R&D), product innovation, various business strategies, and application launches have accelerated the growth of the Global Ultra High Purity Pressure Gauge Market. Key players in the market include-
- Swagelok Company
- Ashcroft, Inc.
- Inc.
- Brooks Instrument
- Ashcroft, Inc.
- WINTERS INSTRUMENTS
- GENSTAR TECHNOLOGIES
- FITOK Group
- Schmierer GmbH
- WIKA Alexander Wiegand SE & Co. KG
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