Pinch Valve Market Size to Grow by $ 111.62 mn During 2020-2024
Technavio has been monitoring the pinch valve market and it is expected to grow by $ 111.62 mn, accelerating at a CAGR of almost 4% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Pinch Valve Market: APAC to lead market growth during the forecast period
Pinch Valve Market: Key Competitors
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. AKO Armaturen & Separationstechnik GmbH, CKD Corp., EBRO ARMATUREN Gebr. Broer GmbH, Festo SE & Co. KG, Flowrox Oy, Hillenbrand Inc., ROSS Group, Takasago Electric Inc., The Weir Group Plc, and WAMGROUP Spa are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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Pinch Valve Market: Key Highlights of the Report for 2020-2024
Technavio has been monitoring the Global Pinch Valve Market and it is expected to grow by USD 111.62 million accelerating at a CAGR of over 4% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report
Pinch Valve Market: increasing demand for pinch valves from the water and wastewater treatment industry to drive growth
One of the primary factors that will trigger the growth of the Pinch Valve Market size is the increasing demand for pinch valves from the water and wastewater treatment industry. The Middle East and Africa are facing major water problems, owing to the low availability of fresh and potable water and the increasing urbanization. As major countries such as Iran, Iraq, Saudi Arabia, Spain, South Africa, and the UAE, have low groundwater levels, desalination plants are an optimum option for fulfilling the water demand in this region. The municipal water infrastructure in APAC, particularly in India and China, needs a significant upgrade, as large sections of the population do not have access to potable water and people in rural areas rely entirely on groundwater. Also, there is no strict government control on industrial wastewater disposal in APAC, excluding South Korea and Japan, which has led to the contamination of natural reservoirs. Due to these factors, governments in various countries within APAC have begun to focus on developing industrial and municipal water treatment infrastructure to prevent river contamination and promote water reuse. Thus, the increased investment in the water and wastewater treatment industry will lead to high demand for pinch valves. Pinch valves are mainly used due to their ability to control the flow of highly corrosive and abrasive materials in the process and discrete industries. Moreover, the maintenance of the pinch valves is easily achieved by replacing the sleeves as only these parts meet the slurries and viscous fluids.
Pinch Valve Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. AKO Armaturen & Separationstechnik GmbH, CKD Corp., EBRO ARMATUREN Gebr. Broer GmbH, Festo SE & Co. KG, Flowrox Oy, Hillenbrand Inc., ROSS Group, Takasago Electric Inc., The Weir Group Plc, and WAMGROUP Spa are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
