Deluge Valve Market

COVID-19 Impact analysis

• COVID-19 pandemic has shut-down large number construction sites, power plants, chemical storage industry, technology advancement companies and others. This has hampered the growth of deluge valve market from the last few months and is likely to continue during 2021.
• COVID-19 has already affected the sales of deluge valves. In the first quarter of 2021 and is anticipated to cause a negative impact on the market growth throughout the year.
• The major demand for deluge valves were previously noticed from giant manufacturing countries including the U.S., Germany, Italy, UK, and China, which are negatively affected by the spread of the coronavirus, thereby declining the demand of services for deluge valves.
• Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Key players of deluge valve market are expected to afford a full lockdown only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their service activities for several weeks to reduce the expenses. Whereas few players also adopted employee lay-offs to sustain during the COVID-19 health crisis
• Deluge valves market is expected to focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distancing, as well as ensuring the vaccination of every employee in the company can assist in promoting the health & safety of the workforce. 

Top Impacting Factors

One of the most important driving factors of deluge valve market is the growing awareness about the safety precautions against fire, which is driving the market.

The deluge valves market is expected to expand due to rapid urbanization and industrialization in many countries across the world. Rapid industrialization and fast growing economies of India and China due to extensive investment in infrastructure activities in oil & gas and energy & power industries are expected to impact the growth of the deluge valve market.

The major restraints of the deluge valve market are its high price and its easy availability. But as the globalization is happening the market is also growing for deluge valve.

Market Trends

• The company VIKING introduced hydraulically controlled deluge systems. In fire conditions, operation of a releasing device on the hydraulic release system opens the deluge valve, allowing water to enter the system piping. Water will flow from any open sprinklers and/or spray nozzles on the system. It is the trending deluge valve which is helping for the market growth.

Key Benefits of the Report

• This study presents the analytical depiction of the decentralized HVAC equipment market making industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the decentralized HVAC equipment market share.
• The current market is quantitatively analyzed to highlight the decentralized HVAC equipment market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides detailed decentralized HVAC equipment market analysis based on competitive intensity and how the competition will take shape in coming years.