Global Diaphragm Valves Market 2017-2021
About Diaphragm Valves
Diaphragm valves are devices that are used to regulate and control the flow of fluids in an industrial facility. Valves operate by opening, closing, or partially blocking the passage ways that allow the movement of fluids from high pressure to low pressure or vice-versa. Valves are used in several discrete and process industries for the transportation of fluids between two points within an enclosed system.
Technavio’s analysts forecast the global diaphragm valves market to grow at a CAGR of 7.08% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global diaphragm valves market for 2017-2021. To calculate the market size, the report considers the new installations, value and replacement.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Diaphragm Valves Market 2017-2021
Technavio recognizes the following companies as the key players in the global diaphragm valves market: CRANE ChemPharma & Energy, Formatura Iniezione Polimeri, GEMU, ITT, and Nippon Daiya Valve.
Other Prominent Vendors in the market are: Alfa Laval, Burkert, Emerson, GEA, KSB Group, SPX FLOW, Tecofi, Top Line Process Equipment, and Weir Group.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Upcoming LNG regasification terminals. Natural gas, being a cleaner fuel than most other energy sources, offers an optimal solution across the globe to curb environmental pollution while simultaneously catering to the growing demand for fuel. Countries that do not have enough natural gas resources to meet their domestic demand are therefore, building regasification terminals to import LNG from other countries.”
According to the report, one of the major drivers for this market is Increased adoption in hygiene-related applications. Traditionally, diaphragm valves were used as flow regulators in water and air applications. In 1928, PK Saunders designed diaphragm valves for industrial applications. Since then, manufacturers are focusing on innovations to increase the application of diaphragm valves in more industries.
Further, the report states that one of the major factors hindering the growth of this market is Slowdown in mining industry. The slowdown in the mining industry started with the economic recession in 2008, after which commodity prices plunged to half their 2006-2007 values. After the recovery from recession in 2010-2011, the mining industry witnessed improvement in commodity prices. Additionally, there was a tremendous demand from China due to the rapid industrialization and commercialization. To meet this growing demand, a number of investments were made by the mining industry players in many the regions, ranging from Latin America to Southeast Asia and Africa. But the slowdown in the Chinese economy from 2013 created a glut situation across the globe. The mining industry players were forced to stop new investments due to the huge plunge in commodity prices and the oversupply. This situation had a negative impact on the diaphragm valves manufacturers, resulting in the slowdown in the new business contracts and a subsequent reduction in revenues. The market's revenues during the slump period were mainly attributed to valve replacements and after-sales services.
CRANE ChemPharma & Energy, Formatura Iniezione Polimeri, GEMU, ITT, Nippon Daiya Valve, Alfa Laval, Burkert, Emerson, GEA, KSB Group, SPX FLOW, Tecofi, Top Line Process Equipment, and Weir Group.
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