The latest research report from CSI Securities highlights that SEMI's most recent forecast predicts a consistent upward trajectory for the semiconductor equipment market over the forthcoming three-year period. It is anticipated that by 2026, global sales of semiconductor manufacturing equipment will soar to USD 165.9 billion, representing a historic peak with a remarkable year-on-year surge of 23.2%. This upward momentum is expected to persist until 2028, with total sales projected to reach USD 229.5 billion, marking five consecutive years of growth.
At present, the entire supply chain for global semiconductor equipment components is witnessing a wave of price hikes. The pricing power is gradually shifting from chip end-users to equipment and component suppliers. Given the relatively smaller scale and high fixed costs of component companies, these price increases can be directly converted into profits. Additionally, the production line expansion cycle spans 12 to 18 months, leading to low supply elasticity. Therefore, it is crucial to pay attention to the demand for domestic substitution and the rationale behind price increases, which are fueled by extended lead times from overseas suppliers of valves and piping, ceramic parts, RF power supplies, and GAS BOXes.