The global vertical furnace industry share is expected to witness high growth in the following years with a CAGR of 6.6%.
The industry size is expected to enlarge exhibiting growth factors and upcoming opportunities for major players. The vertical furnace market growth attributes to the constant demand from consumers for home-based electrical appliances based on advances in the semiconductor industry. Major countries with a high technical capability have created significant markets having a high consumer base. Also, the market is greatly influenced by ongoing trends, consumer demand and competition among the key players as witnessed across the globe.
The installation of a vertical furnace can be two ways, i.e. up-flow and down-flow. The flow of air can be determined depending on either of the types. For instance, in case of upflow vertical furnace, cold air comes from the bottom while the hot air is passed from the top of the furnace. Similarly, in a down-flow furnace, it is vice-versa. Up-flow vertical furnaces are most energy efficient for domestic purposes as compared with down-flow furnace. Also, installation costs are relatively low as compared to down-flow furnace.
Growing demand for vertical furnace in the residential segment drives the market growth
The market growth is triggered due to the significant rise in demand for vertical furnace in the residential segment. Adoption of sedentary lifestyle, modernized home designs, and wide availability of kitchen appliances have contributed majorly. Additionally, the rise in disposable income and increase in demand for heat treating services in the residential and commercial segment is more likely to attract a huge market growth in the following years.
Technical enhancement is a major booster for vertical furnace market. Growing demand for technical applications is witnessed throughout the market sectors. Moreover, product improvement led by significant research and development is anticipated to encourage market growth in the years to come. Growing investments and commercial developments in wafer size are some of the major highlights that determine the market growth.
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High costs and low awareness might restrict the market growth
High costs of products and complex maintenance are some downsides in the market. The market can be negatively affected due to the unavailability of demand for complex products despite good design and architecture. Low awareness in consumers pertaining to the brand is probably worsening the market condition for vertical furnace.
Wafer size of 200mm300mm accounted for a significant market share
Based on wafer size, the vertical furnace industry is segmented as 100mm-150mm, 150mm-200mm, and 200mm-300mm.
Wafer size with 200mm-300mm is a dominant segment attributing to the demand from higher middle-class population. This wafer size also caters to the requirements from automotive and aircraft industries. Moreover, there is a huge demand from markets in Asia Pacific for 200mm-300mm wafer size. Rise in demand for IC products is likely to supplement the market development in the following years.
The demand for 150mm-200mm wafer size is anticipated to have a second leading share attributing to the growing importance in the medical & pharmaceutical industry. In addition, the growth of this segment majorly depends on adoption of innovation by manufacturers that delivers effective solutions.
Semiconductor domain holds the dominant share
Based on type, the vertical furnace industry can be segmented as semiconductor and advanced packaging.
The semiconductor domain held a dominant share and will continue to dominate in the later years due to the increase in digitalization and rise in consumer spending on home appliances.
Advanced packaging is likely to expect a steady growth attributing to the growing significance of packaging in the HVAC industry. Moreover, the modern packaging techniques have significantly resulted in user demand.
The vertical furnace industry is geographically segmented as North America, Europe, Asia Pacific, Middle-East, and Africa. Asia Pacific is likely to encourage significant developments in the coming years. For instance, in terms of production, the government regulations have resulted in betterment for small and large manufacturers. The presence of distribution channels and other mediums have been actively contributing to the market growth.
North America and Europe are probably the second leading markets for vertical furnace attributing to the increase in number of commercial constructions and user preference in the residential sector. Extensive use of energy-efficient devices in the end-user category is propelling the growth of regional market. Another major factor is rise in disposable income and increase in per capita expenditure.
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The global vertical furnace industry report has profiled a few companies namely ASM International, Koyothermos, Centrotherm Photovaltics and Tempress. The key players have been actively adopting mergers, acquisitions, and collaboration for market positioning. Moreover, companies are adopting integrated approach and also offer aftermarket sales and services.
List Of Key Companies Profiled:
1 Vertical Furnace Market Overview
1.1 Vertical Furnace Product Overview
1.2 Vertical Furnace Market Segment by Type
1.2.1 Wafer Size: 100mm-300mm
1.2.2 Wafer Size: 150mm-200mm
1.2.3 Wafer Size: 200mm-300mm
1.3 Global Vertical Furnace Market Size by Type
1.3.1 Global Vertical Furnace Market Size Overview by Type (2017-2027)
1.3.2 Global Vertical Furnace Historic Market Size Review by Type (2017-2020)
1.3.2.1 Global Vertical Furnace Sales Breakdown in Volume by Type (2017-2020)
1.3.2.2 Global Vertical Furnace Sales Breakdown in Value by Type (2017-2020)
1.3.2.3 Global Vertical Furnace Average Selling Price (ASP) by Type (2017-2020)
1.3.3 Global Vertical Furnace Forecasted Market Size by Type (2021-2027)
1.3.3.1 Global Vertical Furnace Sales Breakdown in Volume by Type (2021-2027)
1.3.3.2 Global Vertical Furnace Sales Breakdown in Value by Type (2021-2027)
1.3.3.3 Global Vertical Furnace Average Selling Price (ASP) by Type (2021-2027)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Vertical Furnace Sales Breakdown by Type (2017-2020)
1.4.2 Europe Vertical Furnace Sales Breakdown by Type (2017-2020)
1.4.3 Asia-Pacific Vertical Furnace Sales Breakdown by Type (2017-2020)
1.4.4 Latin America Vertical Furnace Sales Breakdown by Type (2017-2020)
1.4.5 Middle East and Africa Vertical Furnace Sales Breakdown by Type (2017-2020)
2 Global Vertical Furnace Market Competition by Company
2.1 Global Top Players by Vertical Furnace Sales (2017-2020)
2.2 Global Top Players by Vertical Furnace Revenue (2017-2020)
2.3 Global Top Players Vertical Furnace Price (2017-2020)
2.4 Global Top Manufacturers Vertical Furnace Manufacturing Base Distribution, Sales Area, Product Type
2.5 Vertical Furnace Market Competitive Situation and Trends
2.5.1 Vertical Furnace Market Concentration Rate (2017-2020)
2.5.2 Global 5 and 10 Largest Manufacturers by Vertical Furnace Sales and Revenue in 2020
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Vertical Furnace as of 2020)
2.7 Date of Key Manufacturers Enter into Vertical Furnace Market
2.8 Key Manufacturers Vertical Furnace Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Vertical Furnace Status and Outlook by Region
3.1 Global Vertical Furnace Market Size and CAGR by Region: 2016 VS 2021 VS 2026
3.2 Global Vertical Furnace Historic Market Size by Region
3.2.1 Global Vertical Furnace Sales in Volume by Region (2017-2020)
3.2.2 Global Vertical Furnace Sales in Value by Region (2017-2020)
3.2.3 Global Vertical Furnace Sales (Volume & Value) Price and Gross Margin (2017-2020)
3.3 Global Vertical Furnace Forecasted Market Size by Region
3.3.1 Global Vertical Furnace Sales in Volume by Region (2021-2027)
3.3.2 Global Vertical Furnace Sales in Value by Region (2021-2027)
3.3.3 Global Vertical Furnace Sales (Volume & Value), Price and Gross Margin (2021-2027)
4 Global Vertical Furnace by Application
4.1 Vertical Furnace Market Segment by Application
4.1.1 Advanced Packaging
4.1.2 Semiconductor
4.1.3 Others
4.2 Global Vertical Furnace Market Size by Application
4.2.1 Global Vertical Furnace Market Size Overview by Application (2017-2027)
4.2.2 Global Vertical Furnace Historic Market Size Review by Application (2017-2020)
4.2.2.1 Global Vertical Furnace Sales Breakdown in Volume, by Application (2017-2020)
4.2.2.2 Global Vertical Furnace Sales Breakdown in Value, by Application (2017-2020)
4.2.2.3 Global Vertical Furnace Average Selling Price (ASP) by Application (2017-2020)
4.2.3 Global Vertical Furnace Forecasted Market Size by Application (2021-2027)
4.2.3.1 Global Vertical Furnace Sales Breakdown in Volume, by Application (2021-2027)
4.2.3.2 Global Vertical Furnace Sales Breakdown in Value, by Application (2021-2027)
4.2.3.3 Global Vertical Furnace Average Selling Price (ASP) by Application (2021-2027)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Vertical Furnace Sales Breakdown by Application (2017-2020)
4.3.2 Europe Vertical Furnace Sales Breakdown by Application (2017-2020)
4.3.3 Asia-Pacific Vertical Furnace Sales Breakdown by Application (2017-2020)
4.3.4 Latin America Vertical Furnace Sales Breakdown by Application (2017-2020)
4.3.5 Middle East and Africa Vertical Furnace Sales Breakdown by Application (2017-2020)
5 North America Vertical Furnace by Country
5.1 North America Vertical Furnace Historic Market Size by Country
5.1.1 North America Vertical Furnace Sales in Volume by Country (2017-2020)
5.1.2 North America Vertical Furnace Sales in Value by Country (2017-2020)
5.2 North America Vertical Furnace Forecasted Market Size by Country
5.2.1 North America Vertical Furnace Sales in Volume by Country (2021-2027)
5.2.2 North America Vertical Furnace Sales in Value by Country (2021-2027)
6 Europe Vertical Furnace by Country
6.1 Europe Vertical Furnace Historic Market Size by Country
6.1.1 Europe Vertical Furnace Sales in Volume by Country (2017-2020)
6.1.2 Europe Vertical Furnace Sales in Value by Country (2017-2020)
6.2 Europe Vertical Furnace Forecasted Market Size by Country
6.2.1 Europe Vertical Furnace Sales in Volume by Country (2021-2027)
6.2.2 Europe Vertical Furnace Sales in Value by Country (2021-2027)
7 Asia-Pacific Vertical Furnace by Region
7.1 Asia-Pacific Vertical Furnace Historic Market Size by Region
7.1.1 Asia-Pacific Vertical Furnace Sales in Volume by Region (2017-2020)
7.1.2 Asia-Pacific Vertical Furnace Sales in Value by Region (2017-2020)
7.2 Asia-Pacific Vertical Furnace Forecasted Market Size by Region
7.2.1 Asia-Pacific Vertical Furnace Sales in Volume by Region (2021-2027)
7.2.2 Asia-Pacific Vertical Furnace Sales in Value by Region (2021-2027)
8 Latin America Vertical Furnace by Country
8.1 Latin America Vertical Furnace Historic Market Size by Country
8.1.1 Latin America Vertical Furnace Sales in Volume by Country (2017-2020)
8.1.2 Latin America Vertical Furnace Sales in Value by Country (2017-2020)
8.2 Latin America Vertical Furnace Forecasted Market Size by Country
8.2.1 Latin America Vertical Furnace Sales in Volume by Country (2021-2027)
8.2.2 Latin America Vertical Furnace Sales in Value by Country (2021-2027)
9 Middle East and Africa Vertical Furnace by Country
9.1 Middle East and Africa Vertical Furnace Historic Market Size by Country
9.1.1 Middle East and Africa Vertical Furnace Sales in Volume by Country (2017-2020)
9.1.2 Middle East and Africa Vertical Furnace Sales in Value by Country (2017-2020)
9.2 Middle East and Africa Vertical Furnace Forecasted Market Size by Country
9.2.1 Middle East and Africa Vertical Furnace Sales in Volume by Country (2021-2027)
9.2.2 Middle East and Africa Vertical Furnace Sales in Value by Country (2021-2027)
10 Company Profiles and Key Figures in Vertical Furnace Business
10.1 ASM International
10.1.1 ASM International Corporation Information
10.1.2 ASM International Introduction and Business Overview
10.1.3 ASM International Vertical Furnace Sales, Revenue and Gross Margin (2017-2020)
10.1.4 ASM International Vertical Furnace Products Offered
10.1.5 ASM International Recent Development
10.2 Tempress
10.2.1 Tempress Corporation Information
10.2.2 Tempress Introduction and Business Overview
10.2.3 Tempress Vertical Furnace Sales, Revenue and Gross Margin (2017-2020)
10.2.4 ASM International Vertical Furnace Products Offered
10.2.5 Tempress Recent Development
10.3 Koyothermos
10.3.1 Koyothermos Corporation Information
10.3.2 Koyothermos Introduction and Business Overview
10.3.3 Koyothermos Vertical Furnace Sales, Revenue and Gross Margin (2017-2020)
10.3.4 Koyothermos Vertical Furnace Products Offered
10.3.5 Koyothermos Recent Development
10.4 Centrotherm Photovoltaics
10.4.1 Centrotherm Photovoltaics Corporation Information
10.4.2 Centrotherm Photovoltaics Introduction and Business Overview
10.4.3 Centrotherm Photovoltaics Vertical Furnace Sales, Revenue and Gross Margin (2017-2020)
10.4.4 Centrotherm Photovoltaics Vertical Furnace Products Offered
10.4.5 Centrotherm Photovoltaics Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Vertical Furnace Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Vertical Furnace Industrial Chain Analysis
11.4 Vertical Furnace Market Dynamics
11.4.1 Industry Trends
11.4.2 Market Drivers
11.4.3 Market Challenges
11.4.4 Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Vertical Furnace Distributors
12.3 Vertical Furnace Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.1.1 Research Programs/Design
14.1.1.2 Market Size Estimation
14.1.1.3 Market Breakdown and Data Triangulation
14.1.2 Data Source
14.1.2.1 Secondary Sources
14.1.2.2 Primary Sources
14.2 Author Details
14.3 Disclaimer
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