Report Overview
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The global residual gas analyzer (RGA) market size was USD 279.4 million in 2022. The global COVID-19 pandemic has been unprecedented and staggering, with residual gas analyzer (RGA) market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is expected to reach USD 325.9 million in 2028, exhibiting a CAGR of 2.6% during the forecast period. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
An instrument called a residual gas analyzer (RGA) is used to determine the gas composition in a vacuum system. The residual gas analyzer (RGA) measures the residual gas pressure in a vacuum chamber, and once the remaining gas is ionized, it analyzes the ions that are created. The composition of the residual gas, including the kinds and quantities of gases present, can then be ascertained using this information. residual gas analyzer (RGA) are frequently used for a wide range of tasks, such as analyzing gas mixtures in storage containers, checking the quality of the vacuum in deposition and etching systems, and analyzing trace gases in high vacuum systems in the semiconductor sector.
The market for residual gas analyzer (RGA) is expanding as a result of rising demand from numerous industries, including semiconductors, medical equipment, and analytical instrumentation. The market for residual gas analyzer (RGA) has expanded as a result of the demand for precise and accurate analysis of gases in vacuum systems, particularly in the semiconductor industry. The capacity of residual gas analyzer (RGA) to monitor and regulate the vacuum quality in deposition and etching systems, which is essential for the creation of high-quality semiconductor devices, has led to an increase in demand for residual gas analyzer (RGA). The residual gas analyzer (RGA) market growth has also been aided by the expanding demand for cutting-edge analytical instruments in the healthcare and analytic sectors.
COVID-19 Impact: Slowdown Of Restrictions Impeded Market Development
Due to the COVID-19 pandemic's impact in the year 2020, markets all around the world have suffered. In a similar vein, the market for residual gas analyzer (RGA) has been significantly impacted by the COVID-19 pandemic. The semiconductor, medical device, and analytical instrumentation industries which are the principal end-users of residual gas analyzer (RGA) have all experienced a slowdown as a result of the global lockdowns and limitations on migration and economic activity. This has had a detrimental effect on the growth of the RGA market and caused a decrease in demand for residual gas analyzer (RGA).
Latest Trends
"Integration Of Portable Analyzers Proliferates Market Expansion"
Miniaturized and portable RGAs are becoming more and more popular as companies try to make analytical instruments smaller and less expensive. In applications such as trace gas analysis, where compact and portable instruments are necessary for analyzing gases in distant and challenging-to-reach regions, miniature and portable residual gas analyzer (RGA) are becoming more and more common. The rising demand for multi-functional RGAs that can execute many studies at once is another significant trend in the RGA market.
Segmentation
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- By Type Analysis
According to type, the market can be segmented into 1-100 amu, 1-200 amu, and 1-300 amu. The 1-100 amu segment will pioneer the market by type during the market period.
- By Application Analysis
Based on application, the market can be divided into industrial applications and research applications. The industrial applications segment is anticipated to lead the market by applications from 2022 through 2028.
Driving Factors
"Rising Demand For Analyzer Drives Market Demand"
The growing demand from numerous end-use industries, including semiconductors, medical devices, and analytical instrumentation, is the main factor fueling the market for residual gas analyzers (RGAs). The RGA market has expanded as a result of the semiconductor industry's demand for precise analysis of gases in vacuum systems, such as deposition and etching systems. In this business, the use of RGAs aids in monitoring and managing the vacuum quality, which is crucial for the production of excellent semiconductor devices.
"Increased Gas Mixture Analysis Application Augments Product Value"
The rising demand for gas analysis across a variety of applications, including a vacuum monitoring system, trace gas analysis, and gas mixture analysis, is another factor propelling the market for residual gas analyzers (RGAs). RGAs are used in the semiconductor industry to pay attention to the quality of the vacuum in depositing and etching systems, which is a vital application for monitoring the vacuum process. RGAs are utilized for trace gas analysis, which is another crucial application, where they are used to find and examine trace levels of gases in vacuum environment systems. RGAs are also being utilized more and more for gas mixture analysis, which involves examining the composition of gas mixes in storage tanks, pipelines, and other systems.
Restraining Factors
"High Expense Of Analyzer Hampers Market Growth"
The high price of RGAs is one of the main factors limiting the market for residual gas analyzers (RGAs). Many small and medium-sized businesses and research institutes cannot afford RGAs since they are specialized analytical tools that need a substantial investment. Particularly in underdeveloped nations where people have less purchasing power, this high cost might be a major obstacle to the adoption of RGAs.
Regional Insights
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"High Number Of Consumers Pioneers North America Market "
Due to the presence of numerous end-use industries, including the semiconductor, medical equipment, and analytical instrumentation industries, which are the main end-users of RGAs, North America holds the highest residual gas analyzer (RGA) market shares. The demand for RGAs in the region is fueled by the presence of some of the biggest semiconductor and medical equipment manufacturers in the world. Aside from that, North America has a strong infrastructure and a huge labor force that is skilled, making it a desirable place for businesses to base their operations and conduct Research and innovation.
Europe currently holds the top spot in the residual gas analyzer (RGA) market. The region is home to some of the biggest semiconductor and medical equipment manufacturers in the world, which fuels the region's demand for residual gas analyzer (RGA). Furthermore, Europe places a high priority on research and development which has sparked the creation of cutting-edge technology and enhanced analytical tools, such as residual gas analyzer (RGA).
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- INFICON (Switzerland)
- ULVAC Technologies (U.S.)
- MKS (U.S.)
- Stanford Research Systems (SRS) (U.S.)
- Extorr (U.S.)
- Pfeiffer Vacuum GmbH (Germany)
- Horiba (Japan)
- Extrel (U.S.)
- Hiden Analytical (United Kingdom)
- AMETEK (U.S.)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors such as segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
| REPORT COVERAGE | DETAILS |
|---|---|
| Market Size Value In | US$ 279.4 Million in 2022 |
| Market Size Value By | US$ 325.9 Million by 2028 |
| Growth Rate | CAGR of 2.6% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2021 |
| Historical Data Available | Yes |
| Segments Covered | Type and Application |
| Regional Scope | Global |
Frequently Asked Questions
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What value is the global residual gas analyzer (RGA) market expected to touch by 2028?
The global residual gas analyzer (RGA) market is expected to touch USD 325.9 million by 2028.
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What CAGR is the residual gas analyzer (RGA) market expected to exhibit during 2022-2028?
The residual gas analyzer (RGA) market is expected to exhibit a CAGR of 2.6% over 2022-2028.
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Which are the driving factors of the residual gas analyzer (RGA) market?
Rising demand of the market as well as the application of gas mixture analysis are two of the primary driving factors of the residual gas analyzer (RGA) market.
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Which are the top companies operating in the residual gas analyzer (RGA) market?
A few of the notable key players in the residual gas analyzer (RGA) market include: INFICON (Switzerland), ULVAC Technologies (U.S.), MKS (U.S.), Stanford Research Systems (SRS) (U.S.), and Extorr (U.S.)
