The globally integrated gas system market size is set to reach a valuation of US$ 458.7 Mn in 2022. It is anticipated to exhibit a CAGR of 7.4% from 2022 to 2032 and is expected to top a valuation of US$ 934.1 Mn by 2032. High demand from various end-use industries such as semiconductors, oil & gas, chemical, and petrochemicals is expected to boost growth in the upcoming years.
Because of the expansion of the electronics and semiconductor sectors, the United States is expected to remain a key country over the forecast period. In 2021, the country accounted for approximately 45% of the global semiconductor industry. The market in North America is expected to grow at a 6.6% CAGR between 2022 and 2032.
Furthermore, a growing emphasis on optimizing gas supply systems through the implementation of ultra-high purity (UHP) gas systems for gas delivery applications during semiconductor manufacturing processes is a critical factor driving the market. The rapid development of the electronics industry as a result of capacity expansion strategies implemented by key players such as Samsung and Intel is also expected to boost growth.
The integrated gas system market witnessed a CAGR of 5.1% over the historic period of 2017 and 2021. As per the current assessments, the market is likely to exhibit growth at a CAGR of 7.4% in the forecast period between 2022 and 2032.
Significant growth in the semiconductor industry, as well as ongoing product development by key players, are expected to create new growth opportunities in the global market. In recent years, the automotive and electronics sectors, which are the primary consumers of semiconductor chips, have increased their demand for innovative chips. Key players are also focusing on increasing production capacity to meet rising demand and a supply-side shortage of semiconductor chips, which will aid growth.
When compared to conventional gas delivery systems, integrated gas systems take up nearly a third of the volume. Furthermore, unlike gas panels, these do not require a complex gas pipe system. As a result, it is simple to automate precise gas flow rates via integrated gas systems, which is a critical requirement in semiconductor manufacturing.
In 2022, the U.S. is anticipated to account for around 90% share of the North American integrated gas system market. The country has the largest number of semiconductor manufacturing companies with an expanded global reach. Also, the U.S. alone consumes about 25% of the semiconductor chips for numerous applications. In the aftermarket, the country has experienced a boost in terms of sales of automotive, especially electric vehicles, for which semiconductor chips are used as an integral part of the system.
Key Players:
- Fitok Group
- Carten Controls
- Tk-fuji
- Sergas
- Ichor Systems
- PURERON JAPAN CO, LTD.
- Orbital Gas Systems
- Deif India Pvt Ltd
- Pureron Japan Co, LTD
- CKD Corporation
- Euro Gas Systems
- Others
