According to the latest report by IMARC Group, titled “One-Way Valve Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global one-way valve market trends. The report also includes competitor and regional analysis, and contemporary advancements in the market.
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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Important Attribute and highlights of the Report:
§ Detailed analysis of the global market share
§ Market Segmentation by material type, application, sales type and region.
§ Historical, current, and projected size of the market in terms of volume and value
§ Latest industry trends and developments
§ Competitive Landscape for One-Way Valve Market
§ Strategies of major players and product offerings
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.
Key Players Included in Global Research Report:
· 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.
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COVID-19 Impact: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Segmentation:
Breakup by Material Type:
- Stainless Steel
- Brass
- Carbon Steel
- Others
Breakup by Application:
- Oil and Gas
- Power
- Chemicals
- Water and Wastewater
- Pharmaceutical
- Others
Breakup by Sales Type:
- New Sales
- Aftermarket
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
TOC for the One-Way Valve Market Research Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global One-Way Valve Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
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