Vacuum Cable Market Size, Share, Growth, and Industry Analysis, By Type (High Vacuum, UHV and XHV), By Application (Semiconductor, Photovoltaic, LED and Other Flat Panel Display, Optical and Glass, Vacuum Metallurgy, Scientific Research and Others), Regional Insights, and Forecast To 2031

Updated On: 22 April 2024

Vacuum Cable Market Report Overview

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The global vacuum cable market size was USD 111.9 million in 2021 and is projected to touch USD 226.69 million by 2031, exhibiting a CAGR of 7.3% during the forecast period.

The definition of a vacuum cable can signify to the malleable cables that are consumed to transport vacuum power in vacuum cleaners and vacuum chambers for scientific research. Furthermore, as the diameter of the vacuum cable narrows down, they are called as vacuum lines or vacuum tubing rather than vacuum cables because of the power produced fluctuations, and electrical conductivity. Moreover, they fundamentally function in the same manner. On the other hand, the vacuum cable are also used in the production of vacuum cleaners, for enhancing the cables to be less reliant on higher energy consumption and improve power for suction flow.

Vacuum cables are segmented into three subparts, high vacuum, ultra-high vacuum (UHV) and extreme high vacuum (XHV). Firstly, ultra-high vacuum (UHV) is the vacuum procedure is symbolized by pressures below than about 100 nanopascals. Moreover, the ultra-high vacuum (UHV) environment is produced by thrusting out the gas from an ultra-high vacuum (UHV) chamber. Furthermore, high vacuum and extreme high vacuum (XHV) properties are very similar to ultra-high vacuum except, differences in pressure volumes and types vacuum surroundings and nanopascals levels consumed during the extraction of the gas from vacuum chambers. 

COVID-19 Impact: Risen Health Consciousness Increased Vacuum Cleaner’s Demand

The global COVID-19 pandemic has been unprecedented and staggering, with the vacuum cable market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

The exponential increase in quantity demanded for vacuum cleaners was accounted for in both the residential and commercial sectors, mainly due to the rising concern of requiring to hygiene in hospitals and homes during the unprecedented expansion and rapid increase of COVID-19 cases. Numerous businesses noticed and reported an increased volume of revenues in the market. The COVID-19 lockdowns and government implied restrictions had halted access to housekeeping services, leading towards more effort to control and look after all household chores while sustaining increased cleanliness and inlaying hygiene standards. Hence, increased demand and sales in vacuum cable market globally.

LATEST TRENDS

"Robotic Vacuum Cleaners Rise up in the Market"

Through several research and development programs, the market creates an innovation of robotic vacuum cleaners which use LEDs and other flat panel display. Furthermore, the development in the devices have optimized cleaning features with a LiDAR navigation system for productively cleaning the given parameters. Moreover, the robotic vacuum cleaners can also be linked to artificially intelligent virtual assistants via bluetooth and, provide users the convenience of voice-controlled command feature. Additionally, companies are focusing on enhancing the cleaning proficiency through digital applications with personalized consumer preferences and inputs. Including the product to be connected to a smartphone based app, for cleaning automations.

Vacuum Cable Market Segmentation

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• By Type

Based on type; High vacuum, UHV and XHV.

• By Application

Based on application; Semiconductor, photovoltaic, LED and other flat panel display, optical and glass, vacuum metallurgy, scientific research and others.

DRIVING FACTORS

"Increasing Consumption of Vacuum Metallurgy Augments Market Growth"

Vacuum metallurgy is the arena of materials technology that handles with making, shaping, or treating metals in a managed environment, at pressures considerably lower than usual atmospheric pressure. The aim of vacuum metallurgy is to restrict any form of contamination by metal by gases in the surroundings. Furthermore, it mainly supports in designing and supplying systems and procedures for indulging metallic materials especially in the product for solar cells as well as vital covering to equipment for turbine blades. As several businesses aim to more environmentally friendly, they begin to consume more renewable energy sources which boosts the turbine blades market, as for production of wind mills and solar generators. In return, augmenting the vacuum cable market growth through higher production of vacuum metallurgy.

"Developments in Fiber Vacuum Cable Boosts Market Growth"

Fiber cables are recognized for carrying data at the speed of light at a high rate of meters per second in a vacuum medium, because the files that are transported is a ray of light. Advancements are made for making the core of the product hollow, to create a reduction in the rate of refraction. Furthermore, permitting the beam of light more freedom to move and minimizing loss due to refraction. Hence, forcing manufacturers to keep up with developments to provide best service to consumers and improving the vacuum cable market share globally.

RESTRAINING FACTORS

"Hot Cord Issues in Vacuum Cleaners Impedes Market Growth"

A hot cord is one of the most common problems in vacuum cleaners as old and newly developed cables and motors are bigger and powerful. Furthermore, vacuum power cords and plugs soar to high temperatures, with constant and higher consumption it is anticipated for heat changes to occur. With constraints on movements due to cable connection to the power plug, users are not given freedom to go very far. Leading to the plug getting too hot this can be very dangerous, because a hot cord is instigated by a wire dysfunction or a damaged wall power socket. 

Vacuum Cable Market Regional Insights

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"North America Leads Market because of Highest Production of the Product"

North American region dominates as the largest region of the global vacuum cable market, due to the increased production rates due to high demands of cables in vacuum cleaners, LED display in the digital market and for scientific advancements. With constant research and development to make the product the best semiconductor of electricity, so it would be adopted by key market players globally and to grow the market in the region.

KEY INDUSTRY PLAYERS

"Aim to Spread Awareness of the Product in the Market Globally"

The key market players focus their strategies in the industry to spread awareness of the product on a global scale and set a base in the market for new entries. The developments in the product to make it more productive and efficient are followed, to keep up with the changing market dynamics and consumer preferences. Furthermore, key industry players making a difference with awareness and grow the prospect of their products in foreign markets and increasing production and sales in the market.

List of Market Players Profiled

• Schmitz (Germany)
• CeramTec (Germany)
• Allectra (Germany)
• Pfeiffer Vacuum (Germany)
• Accu-Glass Products (U.S.)
• Leoni (Germany)
• VACOM (India)
• Agilent (U.S.)
• Gamma Vacuum (Atlas Copco) (U.S.)
• MKS Instruments (U.S.)
• Keycom (China)
• MDC Precision (U.S.)
• Kurt J. Lesker (Germany)
• LewVac (U.K.)
• Luoyang Zhengqi Machinery Co. Ltd (China)
• Hefei Huate Electric Heating Material Co., Ltd. (China)

REPORT COVERAGE

The research produces a report with conclusive studies by accounting the factors like driving and restraining topics, COVID-19 impacts, trends, and others. The report is subjected to understanding to the key players role and strategies in the market.

INDUSTRY DEVELOPMENT

September 2021: Realme a Chinese smartphone company, developed and launched two new artificial intelligent robotic vacuum cleaners, realme tech-life robot vacuum and realme tech-life handheld vacuum.