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The pinch valve market size is estimated to grow at a CAGR of 4.36% between 2023 and 2028. The market size is forecast to increase by USD 138.6 million. The growth of the market depends on several factors such as Increasing demand for pinch valves from the water and wastewater treatment industry, growing demand for controlling the flow of cohesive, corrosive, and abrasive slurries and growth in renewable energy.
The report includes a comprehensive outlook on the pinch valve market offering forecasts for the industry segmented by End-user, which comprises food and beverage industry, healthcare industry, water and wastewater industry, chemical industry, and others. Additionally, it categorizes Types into electric pinch valve, manual pinch valve, pneumatic pinch valve, and hydraulic pinch valve, and covers Region, including North America, APAC, Europe, Middle East and Africa, and South America. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments.
Pinch Valve Market Forecast 2024-2028
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Our researchers studied the data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market.
The limited nature of fossil fuel supplies and growing awareness regarding the rise in carbon emission levels have brought to the fore the importance of renewable energy sources in the energy mix. Solar and wind power are the two most popular renewable energy sources. In solar power generation, control valves are used in concentrating solar thermal power plants to control the high pressure due to fluctuations in heat and to handle corrosive molten salts or oil. Further, wind power generation has been registering strong growth, driven by advances in wind power generation technology and regulatory support for wind power generation projects.
However, Europe has been the frontrunner in wind power generation, several new projects are in progress in North America, South America, and APAC as well. The increase in solar and wind power generation will provide new growth opportunities for pinch valves, which will consequently drive the market during the forecast period.
At present, elastomeric sleeves are increasingly being deployed in pinch valves due to their advantages under harsh conditions and taking minimum space in the interior lining of the pinch valve. The wet parts of pinch valves are now being made of high-quality rubber to improve the operations of valves. Pinch valves have always been preferred by rubber valve makers due to their ability to regulate workflow in both neutral and aggressive media. The improvements in sleeves, such as upgrading the rubber sleeves with silicon-free and natural rubber, have increased the life of the sleeve.
Moreover, the need for rugged equipment to survive harsh environmental conditions will help pinch valves to increase their adoption in industries such as oil and gas and mining. Thus, such advancements will propel the growth of the market during the forecast period.
Pinch valves are inefficient in controlling high-pressure fluid at high temperatures as they have a limited temperature range. In industries such as oil and gas, mining, and power generation, where the temperature is high, and the equipment needs to withstand this temperature, pinch valves are not an optimum choice. This is mainly because of the sleeves that are used in the pinch valves. The elastomeric sleeves used in pinch valves have a limited temperature rating. Above the limited range, the sleeves can get damaged and result in the breakdown of valves.
Therefore, as the major industrial applications require valves, especially in the oil and gas, mining, and power generation industries, the end-users are not keen on adopting pinch valves in their processes. Hence, such factors will deter the growth of the market in focus during the forecast period.
The market share growth by the food and beverage industry segment will be significant during the forecast period. The food and beverage industry is regulated by stringent regulatory policies to maintain the hygiene factor in the food processing and packing units. Valves in direct contact with food are also governed by such stringent laws and regulations. The valve hubs are a major element where food substances accumulate. The accumulation of food items or any substance in a dead spot inside the valves leads to contamination.
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The food and beverage industry was the largest and was valued at USD 162.86 million in 2018. Pinch valves are used in different production applications in the food processing industry. They are used to control the doses of various substances such as liquids, syrups, powders, granulates, and whole foods in foods such as nuts and dried or frozen fruit and beans. The demand for pinch valves is increasing with the expansion of the food processing and beverage industry, and the trend is expected to continue, which will boost the growth of the pinch valve market through the food and beverage segment during the forecast period.
Based on the type, the market has been segmented into electric pinch valve, manual pinch valve, pneumatic pinch valve, and hydraulic pinch valve. The electric pinch valve will account for the largest share of this segment.?Electric pinch valves are electronically powered devices that regulate the flow of liquid, semi-liquid, or gas by closing, partially closing, or opening the passageway. Further, the power demand has been growing rapidly globally, with APAC and Africa being major contributors to this demand. These regions have been witnessing high demand for power owing to population and industrial growth. The shift toward sources of clean power generation makes it necessary for pinch valve manufacturers to offer new solutions for sources such as natural gas and renewables. This is accelerating the flow of investments into R&D by valve manufacturers for this industry, which will drive the growth of the electric pinch valve segment of the market during the forecast period.
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APAC is estimated to contribute 42% to the growth by 2028. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. APAC is growing significantly in all the end-user segments of the pinch valve market. The increasing population and rapid expansion in industries have created the need to expand the infrastructure in the power, healthcare, chemical, and water and wastewater industries. The food and beverage industry is also expected to witness new investments due to the increasing adoption of packaged food across the region. The majority of revenue generated by the vendors will be through new business opportunities in greenfield oil projects across APAC.
In addition, rapid industrial development and population growth in countries such as India, Indonesia, and Malaysia have created additional demand for power. These factors have increased investments in new power plant projects in the region. There were 90 power plant tenders announced in APAC in October 2020, marking a rise of 22% over 2019. The growth of power plants in the region is expected to increase the demand for pinch valves which in turn drives the market growth during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
AKO Armaturen and Separationstechnik GmbH - The company offers pinch valves such as pinch valve sleeves, air-actuated pinch valves and mechanical pinch valves.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including AKO Armaturen and Separationstechnik GmbH, CECO Environmental Corp., Cla-Val, EBRO ARMATUREN Gebr. Broer GmbH, Festo SE and Co. KG, Hillenbrand Inc., Magnetbau Schramme GmbH and Co. KG, MOLLET Fullstandtechnik GmbH, Onyx Valve Corp., RF Valves Inc., Richway Industries, ROSS Europa GmbH, Schubert and Salzer GmbH, Suraj Metal Corp., Takasago Electric Inc., TECOFI, The Weir Group Plc, Valmet Corp., WAMGROUP Spa, and Warex Valve GmbH
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The pinch valve market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Pinch Valve Market Scope |
|
Report Coverage |
Details |
Page number |
176 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.36% |
Market Growth 2024-2028 |
USD 138.6 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.22 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 42% |
Key countries |
US, China, India, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AKO Armaturen and Separationstechnik GmbH, CECO Environmental Corp., Cla-Val, EBRO ARMATUREN Gebr. Broer GmbH, Festo SE and Co. KG, Hillenbrand Inc., Magnetbau Schramme GmbH and Co. KG, MOLLET Fullstandtechnik GmbH, Onyx Valve Corp., RF Valves Inc., Richway Industries, ROSS Europa GmbH, Schubert and Salzer GmbH, Suraj Metal Corp., Takasago Electric Inc., TECOFI, The Weir Group Plc, Valmet Corp., WAMGROUP Spa, and Warex Valve GmbH |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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