Global Industry Check Valves Market 2017-2021
About Industry Check Valves
Valves are devices that control, direct, and regulate the flow and pressure of gases, liquids, and fluidized solids. Globe valves, gate valves, butterfly valves, ball valves, and safety-relief valves among others are used in various process industries such as oil and gas, chemical, power, refining, water and wastewater, and food and beverage. They can be operated electrically, pneumatically, and hydraulically. Check valves allow gases or liquids to flow through only one direction. The prevention of flow reversal that could damage the system or the equipment is the main purpose of check valves.
Technavio’s analysts forecast the global industry check valves market to grow at a CAGR of 4.52% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global industry check valves market for 2017-2021. The market size is calculated based on the demand for check valves in industries such as oil and gas, chemical, power, and water and wastewater treatment. The market has been segmented based on end-user and geography.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Industry Check Valves Market 2017-2021
Technavio recognizes the following companies as the key players in the global industry check valves market: Curtiss-Wright, Emerson, Flowserve, Schlumberger, and The Weir Group.
Other Prominent Vendors in the market are: Alfa Laval, AVK Group, Camtech Manufacturing FZCO, CIRCOR Energy, TechnipFMC, GWC, KITZ, Neway Valve, VALVITALIA Group, and Velan.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is investments in water and wastewater treatment. Sewage wastewater recycling is a major concern for many countries worldwide to protect their environment and prevent water contamination. This has led local municipalities and governments to allocate a special budget for wastewater management and purification solutions.”
According to the report, one of the major drivers for this market is increase in demand from food and beverage sector. Rising population, rapid urbanization, and an increase in disposable income in countries such as China and India have increased the demand for processed food and other food and beverages. Rise in investments in food and beverage processing plants will help in catering to the increased demand for processed food globally. There are several grades of steam used in processing food to avoid contamination.
Further, the report states that one of the major factors hindering the growth of this market is volatility in raw material prices. Copper, stainless steel, cast iron, aluminum, brass, bronze, and other metal alloys are the most common raw materials used in the manufacturing of check valves. These materials have volatile prices that affect manufacturers as well as the end-user segments. The expanding gap between demand and supply has increased the cost of raw materials.
Curtiss-Wright, Emerson, Flowserve, Schlumberger, and The Weir Group. Other Prominent Vendors in the market are: Alfa Laval, AVK Group, Camtech Manufacturing FZCO, CIRCOR Energy, TechnipFMC, GWC, KITZ, Neway Valve, VALVITALIA Group, and Velan.
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