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Industry Check Valves Market: Key Findings
- Industry check valves market value to grow by USD 2.5 billion at over 4% CAGR during 2021-2025
- 34% of market growth to originate from APAC during the forecast period
- Based on the end-user, the oil and gas segment will offer maximum opportunities for vendors during the forecast period
- The industry check valves market is expected to have a neutral impact due to the spread of COVID-19
Industry check valves Market: Growth Drivers
Developments in the water and wastewater industry is one of the prime factors driving the growth of the market. Rapid urbanization, industrialization, and economic growth have significantly reduced the availability of freshwater resources. This coupled with rising environmental concerns is compelling industrial operators to invest in the latest technological solutions to treat wastewater and effluents to obtain potable water. In addition, the upgradation of aging water infrastructure, especially in the developed regions such as the US and Europe is expected to create significant opportunities for market players during the forecast period.
“Growth opportunities in oil and gas pipeline market and growth in nuclear power generation in APAC will further boost market growth during the forecast period”, says a senior analyst at Technavio.
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Industry Check Valves Market: Major Vendors
ABB Ltd.
ABB Ltd. operates its business through segments such as Electrification, Industrial Automation, Motion, and Robotics & Discrete Automation. The company offers wide series of check valves under its Control System Accessory category.
Curtiss-Wright Corp.
Curtiss-Wright Corp. operates its business through segments such as Commercial/Industrial, Defense, and Power. The company offers a large range of high-quality check valves from their product brands Phönix, Valve Group-Korea, and Strack. Some of these check valves include Angle control valves, Swing check valves, Micro control valves, Cryogenic service valves, etc.
Danfoss AS
Danfoss AS operates its business through segments such as Danfoss Power Solutions, Danfoss Cooling, Danfoss Drives, and Danfoss Heating. The company offers a wide range of check valves including NRV refrigeration check valves, SCA-X 12-125 check and stop valve, SCA-X SS check and stop valve in stainless steel, CHV-X 15-125 check valves, CHV-X SS check valves in stainless steel, VCM, and VCH check valves for high-pressure applications, etc.
Related Reports on Industrials Include:
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Global Sanitary Valves Market – Global sanitary valves market is segmented by product (control valves, double seat valves, single seat valves, butterfly valves, and others), end-user (pharmaceutical, processed food, beverages, dairy, and others), and geography (APAC, Europe, North America, South America, and MEA).
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About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
Report: www.technavio.com/report/industry-check-valves-market-industry-analysis
SOURCE Technavio
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