Chip equipment refurbishment market to grow at 9.0% CAGR by 2030

The global semiconductor equipment refurbishment market is expected to grow with a CAGR of 9.0% from 2024 to 2030, according to Research and Markets.

The future of the global semiconductor equipment refurbishment market looks promising with opportunities in the semiconductor manufacturing, research and development, quality control, and testing & prototyping applications. The major drivers for this market are substantial demand for semiconductors among industries, increasing environment concern towards electronic waste, and rapid technological advancement in semiconductor.

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies semiconductor equipment refurbishment companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base.

Features of the Global Semiconductor Equipment Refurbishment Market

• Market Size Estimates: Semiconductor equipment refurbishment market size estimation in terms of value ($B).
• Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
• Segmentation Analysis: Semiconductor equipment refurbishment market size by product type, application, and region in terms of value ($B).
• Regional Analysis: Semiconductor equipment refurbishment market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
• Growth Opportunities: Analysis of growth opportunities in different product types, applications, and regions for the semiconductor equipment refurbishment market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape of the semiconductor equipment refurbishment market.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

Semiconductor Equipment Refurbishment Market Insights

• Etching is expected to witness highest growth over the forecast period.
• Semiconductor manufacturing is expected to witness highest growth over the forecast period.
• APAC is expected to witness highest growth over the forecast period.

Research and Markets