Core Insights - The semiconductor exhaust gas treatment equipment is essential for ensuring compliance with environmental regulations during wafer manufacturing and packaging testing, converting harmful substances into harmless ones through various methods [1][2][4] - The industry has received significant support from national policies, creating a comprehensive framework for development and a clear upgrade path, leading to a projected market size of 1,302.8 billion yuan by 2024 [1][4][5] - The market is transitioning from single equipment sales to a "technology + service" model, with increasing penetration of third-party treatment solutions [1][6][10] Industry Overview - Semiconductor exhaust gas treatment equipment is designed to handle various harmful substances produced during manufacturing, ensuring compliance with environmental regulations [2][3] - The equipment types include activated carbon adsorption, catalytic oxidation, thermal oxidation, biological filters, condensation absorption, and scrubbers, each targeting specific types of waste gas [3][4] Market Dynamics - The Chinese semiconductor market is expected to reach 1,302.8 billion yuan in 2024, a 47.2% increase from 884.8 billion yuan in 2020, with a compound annual growth rate (CAGR) of 10.5%, significantly outpacing the global growth rate of 5.2% [5][6] - The global semiconductor exhaust gas treatment market is projected to grow from approximately 1.38 billion USD in 2024 to 1.46 billion USD in 2025 [6] Policy Support - Recent national policies, including the "High-Quality Development Action Plan for Environmental Equipment Manufacturing Industry (2022-2025)" and the "Air Quality Continuous Improvement Action Plan," provide a clear upgrade path and broad market opportunities for the industry [4][5] Competitive Landscape - The industry features a mix of international giants and leading domestic companies, with firms like Edwards Vacuum and Ebara dominating the high-end market, while local companies like Shengjian Technology and Jingyi Equipment are expanding in the mid-range market [6][10] - The competition is shifting from price-based to technology and service capabilities, with local firms increasingly closing the gap with international brands [10][11] Future Trends - The industry is moving towards smart and low-carbon solutions, integrating IoT and AI for real-time monitoring and dynamic adjustments, enhancing operational efficiency [9][11] - The focus on carbon capture and resource recovery technologies is emerging, with some equipment already capable of recovering useful components from specific waste gases [11]