Global Check Valves Market Size By Type (Ball Valves, Butterfly Valves, Gate Valves), By Industry (Oil And Gas, Water And Wastewater Treatment, Energy And Power), By Geographic Scope And Forecast

Check Valves Market Size And Forecast

Check Valves Market size was valued at USD 6.5 Billion in 2023 and is projected to reach USD 21.17 Billion by 2030, growing at a CAGR of 15.3% from 2024 to 2030.

Growing healthcare device production and pharma R&D spending enhance the control valve industry. The Global Check Valves Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Check Valves Market Definition

Think of check valves as one-way streets for fluids. They've got two openings – one to let stuff in and another to let it out. Their main job? Stopping fluid from flowing backward! You'll find all sorts of different kinds, each perfect for a specific use. You might not even realize it, but check valves are often hiding inside things you use every day. And even though they come in all shapes, sizes, and prices, they're usually pretty small, simple, and won't break the bank. Speaking of valves in general, they're like the traffic controllers of fluids – opening, closing, or partially blocking pathways to manage the flow.

Think about itvalves are everywhere! They're in our homes, controlling the water flow to things like the kitchen sink or the shower in public restrooms. We also see them in big industrial settings, from plumbing to complex chemical processes and even giant hydraulics systems. They’re key for temperature regulation, too! And don't forget industries like oil and gas – they rely on valves to get things done. You’ve got your classic types like the ball valve, gate valve, butterfly valve, and globe valve. Beyond all that, valves are used in some pretty specialized places, like demineralized water systems, high-integrity pressure protection systems, radwaste systems (yes, even in nuclear facilities!), and a ton of other pressure control, on/off, and other essential systems.

In addition, a valve is primarily made up of the main body, a stem, and a seat. These parts of a valve are typically produced out of various materials such as polymers, rubber, metals, and others in order to reduce the amount of liquid that is wasted while it is passing through the valve. The way in which valves are operated is the primary factor that sets them apart from one another.

Global Check Valves Market Overview

Every manufacturing operation begins with the installation of control valves. Because of this, manufacturing enterprises in a wide variety of sectors are reliant on control valves to power the fundamental operations of their businesses. The need for control valves in the oil and gas industry, as well as the energy industry, has been on the rise recently. The explanation for this is that these businesses are putting a greater emphasis on discovering viable options in both the conventional oil and natural gas industries as well as the emerging alternative energy sector.

Rise in COVID-19 medical device manufacture. Several prominent industrial companies are using control valves to battle the epidemic. Pharmaceutical companies invest more in R&D for automatic components like solenoid valves. Pharmaceutical firms are developing complex fluid handling systems like automatic sanitizers and liquid soap dispensers, which need valves. Growing healthcare device production and pharma R&D spending enhance the control valve industry.

Valve makers must follow rules. Valve certifications and rules vary by area. This element provides diverse demand because valves are used in oil & gas, food & drinks, pharmaceuticals, energy & power, water & wastewater treatment, building & construction, chemicals, and pulp & paper. Such variation hinders the growth of the Check Valves Market since industry participants must adapt the same product to regional policies, making it harder for valve makers to attain an optimal installation cost.

The COVID-19 epidemic has raised sanitation and water concerns. Water & wastewater treatment are vital services; hence all residential plants operate. Several countries are also concerned about the industry’s aging infrastructure. In the US, ancient pipelines deliver water and wastewater. Old infrastructure valves are likewise nearing replacement because they’ve outlived their usefulness. To increase performance and worker safety, replace such valves. Increasing public awareness for better sanitation and new investments in water supply and sanitation projects generate opportunities for water & wastewater treatment valve manufacturers.

Global Check Valves Market Segmentation Analysis

The Global Check Valves Market is segmented on the basis of Type, Industry, And Geography.

Check Valves Market, By Type

• Ball Valves
• Butterfly Valves
• Gate Valves
• Globe Valves
• Plug Valves
• Check Valves
• Diaphragm Valves

Okay, so when we talk about valves, there are lots of different types, like ball valves, butterfly valves, gate valves, globe valves, plug valves, check valves, and diaphragm valves. But guess what? Those rotary control valves are expected to really take off, grabbing a bigger slice of the control valve market. They're awesome because they don't clog easily when things get dirty, making them a great choice for tough jobs. Plus, you can easily control emissions through the stem packing, saving money on those pricey bellows seals. And get thisthey're lighter and smaller, which is why more and more people are wanting them. You can find these valves in tons of different uses! One more cool thing? When a rotary valve is wide open, the fluid has a pretty much totally clear path to flow through.

Check Valves Market, By Industry

• Oil & Gas
• Water & Wastewater Treatment
• Energy & Power
• Pharmaceuticals
• Food & Beverages
• Chemicals
• Building & Construction
• Paper & Pulp
• Metals & Mining
• Others

Think about the different areas where control valves are used - like Oil & Gas, Water & Wastewater Treatment, Energy & Power, Pharmaceuticals, Food & Beverages, Chemicals, Building & Construction, Paper & Pulp, Metals & Mining, and of course, Others. The oil and gas industry, fueled by the energy demands and drilling activities in the Gulf Cooperation Council (GCC) countries, was a big player. But then COVID-19 hit, throwing a wrench in everything. The oil market took a nosedive, even dipping below zero at one point! This hit the oil and gas industry hard, leaving major companies scrambling for storage as demand plummeted, creating a serious supply-demand imbalance. So, even though oil and gas is usually a major driver, the pandemic really put a damper on the control valve market in 2020.

Check Valves Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

Okay, so when we look at the Global Check Valves Market, we can break it down by geographyNorth America, Europe, Asia Pacific, and then just "the rest of the world." Asia Pacific is really leading the pack, with the most control valves and the most users! This is largely fueled by investments in energy and electricity. Plus, with the booming economies, the construction industry is taking off – think of places like India and China, who are really putting money into control valve tech to upgrade their pharma, energy, and food and beverage sectors. Other regions are seeing investment and growth too, of course. North America is the second-fastest growing market. Big companies in industries that matter need these valves, and that's driving growth. Also, there's a bigger demand for safety products (like hand sanitizers and prescription drugs),

Key Players

The “Global Check Valves Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Schlumberger Limited, Goodwin International Ltd, Honeywell International Inc., General Electric Company, Emerson Electric Co., Rotork Plc, KITZ Corporation, AVK Holding A/S, Bürkert Fluid Control Systems, and Flowserve Corporation.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Key Developments

• Emerson launched the ASC Series 158 Gas Valve and Series 159 Motorized Actuator in February 2020. The new devices, which are designed exclusively for burner-boiler applications, provide OEMs, distributors, contractors, and end-users with a novel combustion safety shutdown valve alternative that improves both flow and control while increasing safety and dependability.
• Curtiss-Wright Corporation has agreed to purchase Dyna-Flo Control Valve Services (Dyna-Flo) stock for CAD 81 million (USD 62 million) in cash in February 2020. For the chemicals, petrochemicals, and oil and gas industries, Dyna-Flo is a leading designer and manufacturer of linear and rotary control valves, isolation valves, actuators, and level and pressure control systems.
• Schlumberger launched a manufacturing center in Saudi Arabia’s King Salman Energy Park (SPARK) in February 2020 to assist Saudi Aramco’s In-Kingdom Total Value Add (IKTVA) program. To help increase the efficiency of oil and gas operations in the kingdom and surrounding nations, the facility will manufacture liner hangers and packers, as well as valve technology such as GROVE valves and ORBIT rising stem ball valves.

Report Scope

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We'll dive deep, looking at the market from every angle – not just the money side, but the human side too, using both qualitative and quantitative methods to really understand the segments. You'll get the market value (in USD Billion!) for every segment and sub-segment. We'll also point out the regions and segments that are poised for the biggest growth and market dominance. Expect a geographical breakdown, showing where the product/service is being used and what's impacting the market in each area. We'll also map out the competitive landscape, ranking the big players and highlighting their new products, partnerships, expansions, and acquisitions from the last five years. Get detailed company profiles that include overviews, insights, product comparisons, and even a SWOT analysis for the major market players. We’ll also explore current and future market outlook, pinpointing growth opportunities and drivers, while also addressing the challenges in both new and established regions. We'll also give you an in-depth look at the market through Porter's five forces analysis. Gain valuable insights into the market through a detailed value chain analysis. We’ll paint a picture of market dynamics and pinpoint the best growth opportunities in the years ahead, plus, we offer 6-month post-sales analyst support.

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