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Wafer Cleaning Equipment Market expected to be worth $11.2 billion by 2025

 



(IT-NEWSWIRE.COM, August 05, 2020 ) The report " Wafer Cleaning Equipment Market with COVID-19 impact analysis by Equipment Type (Single-wafer Spray System, Batch Spray Cleaning System, and Scrubbers), Application, Technology, Operation Mode, Wafer Size, and Geography - Global Forecast to 2025" The global wafer cleaning equipment market size is estimated to be USD 7.0 billion in 2020 and is projected to reach 11.2 billion by 2025, at a CAGR of 9.9% during the forecast period. The growth of the wafer cleaning equipment market is fueled by growing adoption of MEMS technology in patient monitoring devices due to COVID-19, increasing demand for NAND memory in smart devices, increasing number of critical steps in the wafer cleaning sequence, and ongoing radical miniaturization of electronic. Moreover, factors such as rising demand for wafers in 3D structure and increasing adoption of silicon-based sensors, chips, and diodes in IoT applications play an important role in driving the growth of the market.



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The market for batch spray cleaning system expected to hold the largest market share during the forecast period



In 2019, the batch spray cleaning system accounted for the largest share of the wafer cleaning equipment market, by equipment type. Growth of this segment can be attributed to the various benefits provided by the system which includes processing of multiple wafers at one go, which saves time and cleaning cost. Batch processing is adopted for volume manufacturing and can help attain economies of scale. A batch spray cleaning system is capable to perform functions of both a batch immersion processing system and a single wafer processing system, which gives it a cutting-edge advantage and the ability to yield large batches with a high throughput or small batches with short cycle times.



Wafer cleaning equipment market size for MEMS application expected to grow at the highest CAGR during the forecast period



MEMS is a key component of nearly every electronic device, owning to its benefits such as miniature design, less power consumption, and resistant to vibration and shock. There is an increasing adoption of MEMS devices for clinical monitoring applications, imaging applications, diagnostic and treatment equipment positioning applications, and patient monitoring applications. Moreover, with the advent of IoT, the penetration of MEMS technology is further expected to grow. Thus, the growing applications of MEMS is pushing integrated device manufacturers (IDMs) to increase their capacity and procure more semiconductor manufacturing equipment, including wafer cleaning equipment.



APAC is projected to hold the largest share of wafer cleaning equipment market in 2025



APAC is expected to hold the largest share of the wafer cleaning equipment market in 2025. The commanding position of APAC is due to the presence of a large number of semiconductor manufacturing companies in countries such as China and South Korea. Additionally, increasing investments and business expansion strategies executed by offshore companies in the region is expected to boost the wafer cleaning equipment market growth in the near future. Moreover, innovation and advancement in fabrication plants in Taiwan, and growth in the capabilities of semiconductor equipment manufacturing in Japan are among a few of the cutting-edge advantages for the Asian semiconductor industry.



The report profiles key players, including SCREEN Holdings Co., Ltd. (Japan), Tokyo Electron Limited (Japan), Applied Materials (US), LAM Research (US), Shibaura Mechatronics Corporation (Japan), PVA TePLA AG (Germany), Entregris Inc., (US), Semes Co. Ltd. (US), Modutek Corporation (Japan), and Veeco Instruments (US). These companies focus on adopting both organic and inorganic growth strategies, such as new product launches, partnerships, agreements, mergers and acquisitions, and expansions to strengthen their position in the market.



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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.



Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.



MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.



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