Pharmaceuticals and Power Generation are New Avenues for UPW Systems in South Korea
Semiconductor market for UPW (Ultrapure Water) systems is perpetually maturing; UPW system providers are looking at pharmaceutical and power generation sectors as new revenue sources
According to recently published report by TechSci Research “South Korea Ultrapure Water (UPW) Systems Market Forecast and Opportunities, 2018”, electronics, primarily semiconductor and flat panel display industry accounts for 35% and 20% of total UPW systems demand, respectively.
As the semiconductor market is reaching towards saturation and China is emerging as a new hub for semiconductor fabrication, it is evident that UPW system solutions provider in the country are looking at pharmaceutical and power generation as new markets and have started designing their systems according to these industries. The report analyzes the factor which says the South Korean market for Ultrapure water is expected to grow at strong CAGR of 12.0% by the year 2018.
Semiconductor industry has been driving the UPW systems market in South Korea, but recently it has been observed that demand for UPW systems from power generation and pharmaceuticals have also increased. Almost all major semiconductor fabrication plant has already installed UPW systems. UPW system, providers have started exploring other application areas of UPW in recent times. As pharmaceutical industry is still at nascent stage in South Korea, it is considered a new opportunity area for UPW systems.
The recent governmental efforts to remain the world leader in semiconductor fabrication and boost pharmaceutical industry in South Korea have fueled UPW market in the country.
The report helps reader to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in the coming years. The report will help industry consultants, solution providers, dealers and investors to align their market centric strategies according to current and expected trends in the future