Cleanroom technology equipment: Key market research findings
- Increasing demand from pharmaceutical and biochemical industries drives the market
- Vendors are enhancing product portfolios to gain market space
- Key vendors—Alpiq, Ardmac, Clean Air Products, and M+W Group
Technavio’s market research analysts expect the global cleanroom technology equipment market to grow at a CAGR of almost 5% between 2016 and 2020. The increasing demand from pharmaceutical and biochemical industries is the primary driving force behind market growth. In both pharmaceutical and biotechnology industries, production is aimed at effective control of any contamination, whether from people, raw materials, or finished products along with a process plant and equipment and accommodating services. Currently, the APAC region dominates the global cleanroom technology equipment market by accounting for almost 49% of the overall market share. The large presence of the pharmaceutical, electronics, and semiconductor industries is responsible for the booming of the market in this region. Increased research and development (R&D) activities brought on by growing competition will contribute to growth in the cleanroom technology equipment market in APAC by 2020.
The new market research report from Technavio presents a breakdown and analysis of the cleanroom technology equipment based on end-user.
“Enhancement of product portfolio is an upcoming trend in the global cleanroom technology equipment market that is likely to gain market traction during the forecast period. Triggered by the need for uniqueness, cleanroom technology vendors are attempting to strengthen their presence in the market through diversification of product portfolios by offering various other products that can be used in cleanrooms, including specially-designed cleanroom furniture and stationery. This trend is increasingly popular in the APAC region,” says Anju Ajaykumar, Lead Analyst, Heavy Industry, Technavio Research.
Currently, the semiconductor industry segment occupies almost 32% of the market space to dominate the global cleanroom technology equipment market. There is an increased demand for cleanroom technology equipment in this industry as most of the work takes place inside sealed chambers with robotic arms carrying out the majority of manufacturing steps. Cleanroom technology plays a key role in the semiconductor industry as they help minimize manufacturing errors. The rise in the use of computers and related technology is likely to boost growth in the semiconductor industry segment of the market during the forecast period.
The key vendors in the market include Alpiq, Ardmac, Clean Air Products, and M+W Group. The cleanroom technology equipment market is capital-intensive, with the presence of many global and local manufacturers. The vendors in the market compete on the basis of price, innovation, service, and customization offered by them.
A more detailed analysis is available in the Technavio report, Global Cleanroom Technology Equipment Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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