Market Overview
According to a new report published by Fast.MR titled, “Cleanroom Technologies Market by Product, and End-Use : Global Opportunity Analysis and Industry Forecast, 2016–2027,” the global cleanroom technologies market was estimated at around USD 3.6 billion in 2019 and is expected to grow with the CAGR of 4.0% during forecast period 2024-2027. Rising emergence of pathogens around the globe is projected to drive market growth.
Global emergence of corona virus has directly impacted the manufacturing sector. Many experts around the globe believe that post pandemic situation, manufactures around the globe are likely to start adopting cleanroom technologies to minimize or reduce contamination while promoting personal well-being.
(Including COVID- 19) Depth Analysis Get the pages of a sample of this research study – https://www.fastmr.com/request-s/251
Classification of cleanrooms across various countries differ. However, classification is carried out on the basis of particulate size and number of matter permitted per volume of air. Some of the key standards are Federal Standard 209, British Standard 5295, ISO standards, and many more. In European region, cleanroom are classified into four specific grades namely A, B, C, and D.
Rising demand to enhance product quality is projected to fuel the market growth over the forecast period. A manufacturing unit comprises of various sources such as raw material, machinery, and working personnels. To limit the exposure of contamination and promote efficiency, many manufactures around the globe are adopting cleanroom technologies. Since this technology is customizable as per the point of application, the adoption rate is projected to grow significantly. Thus, pushing the market growth over the predicted timeline.
Key vendors of the industry are Clean Air Products, KCWW, M + W Group, Abtech, Terra Universal Inc., Labconco, DuPont, Clean Air Technology Inc., Azbil Corporation, and Integrated Clean Room Technologies Pvt Ltd.. The vendors of the industry are focused towards research & development to cater rising demand from various end-use sectors.
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Technological Advancements Pushing Market Growth
The use of cleanroom technologies is largely gaining prominence over the last few years. The technology is used across various sectors such as manufacturing of solar panels, semiconductors, LED display, biotechnology, and others. The requirement to limit any kind particulate contamination is projected to drive market growth over the coming years.
The key component of the technology is high efficiency particulate air (HEPA) filter. These filters are employed to trap particles that have a size of 0.3 micron or larger. However, as the delicacy related to manufacturing increased, the technological advancement to trap smaller air particulate also increased. This prompted the use of ultra low particulate air (ULPA) filters which have observed significant growth over the last few years.
Impact Analysis on COVID-19:
The coronavirus or COVID-19 (formerly 2019-nCoV) broke out in December 2019, which has been imposed as a medical emergency worldwide. More than 183 countries and territories have reported cases of coronavirus to date. On 11th March 2024, the World Health Organization (WHO) declared the COVID-19 a pandemic officially. Due to which many countries such as China, India, Italy, Germany, Spain, France, and such other countries having a large number of COVID-19 patients went under lockdown conditions. With the ongoing situation of lockdown, many industries have been adversely impacted, and it is expected that the economy of the developing & developed nations are going to suffer a massive loss in the coming years, and also the global economy may slip into a recession. Along with this, in the United Nations Conference on Trade & Development, it was said that the impact of COVID-19 would hamper the global economy up to USD 2 Trillion in 2024. The report also considers the impact the impact of COVID-19 on Cleanroom Technologies market in the upcoming years.
Get Complete Report of “Cleanroom Technologies Market” with Table of Content{COVID -19 Impact} –https://www.fastmr.com/report/251/cleanroom-technologies-market
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