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Industry Check Valves Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR40156
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The industry check valves market size has the potential to grow by USD 2.50 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.22%. 

This report provides a detailed analysis of the market by end-user (oil and gas, power, chemicals, water and wastewater, and others), geography (APAC, Europe, North America, MEA, and South America), and key vendors. 

Market Overview

Industry-Check-Valves-Market-Market-Size-2020-2025

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Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

  • ABB Ltd.
  • Curtiss-Wright Corp.
  • Danfoss AS
  • Eaton Corporation Plc
  • Emerson Electric Co.
  • Flowserve Corp.
  • Honeywell International Inc.
  • Robert Bosch GmbH
  • Schlumberger Ltd.
  • The Weir Group Plc

 

The industry check valves market is fragmented and the vendors are deploying growth strategies such as mergers, acquisitions, collaborations, and partnerships to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as developments in water and wastewater industry to achieve growth opportunities. However, factors such as high costs associated with the maintenance of pipelines and transportation infrastructure will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the industry check valves market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

This industry check valves market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

Industry Check Valves Market: Key Drivers and Trends

  • Rapid urbanization, industrialization, and economic growth have significantly contributed to land and water pollution, which has been causing freshwater sources to shrink. As a result, investments in upgrading and installing water treatment facilities have increased.
  • Most of the countries are adopting technologies for the treatment of water and effluents to obtain potable water.
  • The Government of China has been investing in new wastewater treatment and reuse projects to minimize the impact of industrialization on the environment, creating a demand for industry check valves.
  • Upgradation of aging water infrastructure, especially in developed regions such as Europe and the US, is also expected to create a significant demand for new industry check valves. As a result, the industry check valves market growth over the forecast period will be substantial.
  • Focus on new oil terminal construction is one of the critical industry check valves market trends.
  • Rising global demand for energy has increased the construction of new oil terminals, especially in Asia and Africa.
  • The construction of new terminals is also attributed to the significant rise in seaborne trade owing to the fall in global crude oil prices. As a result, the demand for industry check valves for oil and gas transportation has increased.
  • The other key trend promoting sales for vendors is the rising establishment of alternative power generation plants
  • Factors such as environmental pollution, geopolitical risks, and growing foreign deficits are encouraging many countries to invest in the development of alternative energy sources. As a result, the demand for industry check valves will rise.

 

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Industry Check Valves Market: Segmentation by Geography

Industry-Check-Valves-Market-Market-Share-by-Region-2020-2025

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34% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for industry check valves in APAC. Market growth in this region will be faster than the growth of the market in Europe and North America.

The growth of the oil and gas, water and wastewater treatment, and power sectors will facilitate the industry check valves market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Industry Check Valves Market: Segmentation by End-user

Industry-Check-Valves-Market-Market-Share-by-End-2020-2025

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The strong demand for petroleum products, due to the rising consumption in the transportation sector, is driving the demand for fossil fuels. As a result, the need for liquid fuel transportation equipment, including the check valves, has increased. Hence, investments in oil and gas transportation are growing rapidly. Consequently, vendors catering to the oil and gas market segment are recording increased sales.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the industry check valves market size.

 

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Industry Check Valves Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive industry check valves market growth during the next five years
  • Precise estimation of the industry check valves market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the industry check valves industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of industry check valves market vendors

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Industry Check Valves Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4%

Market growth 2021-2025

$ 2.50 billion

Market structure

Fragmented

YoY growth (%)

3.60

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 34%

Key consumer countries

US, China, UK, Germany, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ABB Ltd., Curtiss-Wright Corp., Danfoss AS, Eaton Corporation Plc, Emerson Electric Co., Flowserve Corp., Honeywell International Inc., Robert Bosch GmbH, Schlumberger Ltd., and The Weir Group Plc

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for 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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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End user
  • Oil and gas - Market size and forecast 2020-2025
  • Power - Market size and forecast 2020-2025
  • Chemicals - Market size and forecast 2020-2025
  • Water and wastewater - Market size and forecast 2020-2025
  • Others - Market size and forecast 2020-2025
  • Market opportunity by End user

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • ABB Ltd.
  • Curtiss-Wright Corp.
  • Danfoss AS
  • Eaton Corporation Plc
  • Emerson Electric Co.
  • Flowserve Corp.
  • Honeywell International Inc.
  • Robert Bosch GmbH
  • Schlumberger Ltd.
  • The Weir Group Plc

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The industry check valves market growth will increase by $2504.91 million during 2020-2025.
The industry check valves market is expected to grow at a CAGR of 4.22% during 2020-2025.
Technavio has segmented the industry check valves market by end user (Oil and gas, Power, Chemicals, Water and wastewater, and Others) and geographic (APAC, Europe, North America, MEA, and South America).
ABB Ltd., Curtiss-Wright Corp., Danfoss AS, Eaton Corporation Plc, Emerson Electric Co., Flowserve Corp., Honeywell International Inc., Robert Bosch GmbH, Schlumberger Ltd., The Weir Group Plc are a few of the key vendors in the industry check valves market.
APAC will register the highest growth rate of 34.22% among the other regions. Therefore, the industry check valves market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the industry check valves market growth are:
  • Developments in water and wastewater industry
The industry check valves market vendors should focus on grabbing business opportunities from the oil and gas segment as it accounted for the largest market share in the base year.
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