The latest research study “One-Way Valve Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global one-way valve market reached a value of US$ 3.52 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 4.83 Billion by 2027, exhibiting a CAGR of 5.10% during 2022-2027.
One-way valves, also known as non-returning or check valves, refer to devices that restrict fluid movement in one direction to prevent any backward motion and leakage in the pipeline. They are utilized in wastewater plants and heating, ventilating, and air conditioning (HVAC) systems to protect compressors and pumps from severe damage. These valves are inexpensive to install and are available in several shapes and sizes depending on pressure, flow velocity, flow rate, and others. As a result, one-way valves are widely adopted across oil and gas, power, and water and wastewater industries.
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One-Way Valve Market Trends:
The market is primarily driven by the escalating demand for one-way valves in oil and gas exploration plants. In addition, with the increasing volume of wastewater and growing environmental concerns, governments of numerous countries have introduced strict sewage treatment policies to meet the rising demand for potable drinking water, which is augmenting the need for one-way valves in water and wastewater management.
Besides this, the rising adoption of innovative, durable product variants in the chemical and food and beverage (F&B) industries is also propelling the market growth. Furthermore, the increasing applications of one-way valves in the construction industry and the growing focus on upgrading existing oil reserves are also creating a favorable market outlook across the globe.
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One-Way Valve Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the one-way valve market has been studied in the report with the detailed profiles of the key players operating in the market.
Major Players Covered:
- AVK International A/S
- CIRCOR International Inc.
- DHV Industries Inc
- Emerson Electric Co.
- Flowserve Corporation
- Lance Valves Inc.
- PetrolValves S.p.a.
- Schlumberger Limited
- SPX FLOW Inc.
- The Weir Group Plc
- Valvitalia SpA,
- Velan Inc
Key Market Segmentation:
The report has segmented the market on the basis of region, material type, application and sales type.
Breakup by Material Type:
- Stainless Steel
- Carbon Steel
Breakup by Application:
- Oil and Gas
- Water and Wastewater
Breakup by Sales Type:
- New Sales
Breakup by Geography:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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