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2021
One-way Valve Market

One-Way Valve Market

by Type (Brass, Stainless Steel, Carbon Steel, and Others), Application (Oil & Gas, Power, Chemicals, Water & Wastewater, Pharmaceutical and Others) and Sales Type (New Sales and Aftermarket Sales): Global Opportunity Analysis and Industry Forecast, 2021-2028
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Report Code: A11323
Pages: 150
May 2021 | 2943 Views
Author(s) : Digvijay P
Tables: 90
Charts: 66
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The one-way valve market was valued at $ 3,631.9 million in 2020, and is expected to reach $ 5,292.4 million by 2028, registering a CAGR of 5.1% from 2021 to 2028. In one-way valve the fluid can only flow through the inlet or outlet of the valve but cannot return. One-way valves are also known as check valves or non-returning valves. They restrict the movement only in one direction and close to stop the backward motion of fluids. They are majorly used in oil & gas, HVAC, power, and water & wastewater industries. For instance, the one-way valves are often installed on the outlet side of a pump to protect the pump from backflow. These valves are available in various shapes and sizes and are easy to install.

The one-way valves market was majorly hampered owing to lockdown around the world. The logistics services and retail market was closed and thus lead to decline in sales of valves in first half of 2020. However, the market started reviving in the second half of 2020.

The one-way valves market is majorly driven by growth of industries and construction sectors in emerging countries such as Brazil, India, and China. The industrial sector in emerging countries is expanding and thus creates need for installation of one-way valves in industries such as food and beverage and oil & gas. In addition, rise in number of industries boosts the growth of the construction sector where the one-way valves are installed in manufacturing units of construction material. In addition, there has been a lot of efforts taken by government of all the nations worldwide to treat the municipal as well as industrial wastewater. Thus, giving rise to installation of one-way valves for treatment of water as well as wastewater, which is another factor that drives the one-way valve market growth. However, there is a lot of physical wear and tear of the components in the valves as it restrict the flow of fluid in one direction. Therefore, the one-way valves need regular inspection and maintenance. Furthermore, during the COVID-19 outbreak, construction, manufacturing, and oil & gas industries were majorly affected. Construction activities were also stopped or restricted to a huge extent. Manufacturing and transportation activities along with their supply chains hamper on a global level. This directly hampered the one-way valve market growth. However, the market gained stability in third and fourth quarter of 2020. Moreover, gradually all industries are resuming their regular manufacturing and services. This is further expected to lead to re-initiation of one-way valves companies at their full-scale capacities, which is expected to help the market to start to recover by end of 2021.

One-way-Valve-Market-2020-2027[1]

On the contrary, owing to rise in automation in industries, there has been increasing adoption of IoT in the industries. The one-way valves will be further equipped along with IoT to track their working and condition through automation. This will also enhance the performance of the one-way valves and their monitoring. This is expected to be a major opportunity for the growth of one-way valves market during the forecast period.

The one-way valve market is segmented on the basis of type, application, sales type and region. On the basis of type, the market is divided into brass, stainless steel, carbon steel, and others. Depending on application, it is classified into oil & gas, power, chemicals, water & wastewater, pharmaceutical and others. On the basis of sales type, the market is divided into new sales and aftermarket sales. By region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Spain and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

One-Way Valve Market
By Type

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Stainless steel segment holds the largest share in One-way Valve market

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By m, in 2020, the stainless steel segment dominated the one-way valve market, in terms of revenue, and the others segment is expected to witness growth at the highest CAGR during the forecast period. On the basis of application, the oil & gas segment led the market in 2020, in terms of revenue, and is anticipated to register highest CAGR during the forecast period. On the basis of sales type, the aftermarket segment led the market in 2020, in terms of revenue, and is anticipated to register highest CAGR during the forecast period. By region, the Asia-Pacific region led the market in 2020, in terms of revenue, and is anticipated to register the highest CAGR during the forecast period.

One-Way Valve Market
By Application

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oil & gas segment holds dominant position in 2020

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Competition analysis

The major players profiled in the one-way valve market include AVK Holding A/S, DHV Industries, Emerson Electric Co., Flowserve Corporation, PetrolValves, Schlumberger Limited, SPX FLOW, Inc., The Weir Group PLC, Valvitalia SpA, and Velan Inc.  Major companies in the market have adopted strategies such as business expansion, partnership, acquisition, and product launch to offer better products and services to customers in the one-way valve market. 

One-Way Valve Market
By Region

2028
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific holds a dominant position in 2020 and LAMEA is expected to grow at a highest rate during the forecast period.

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Key Benefits For Stakeholders

  • The report provides an extensive analysis of the current and emerging one-way valve market trends and dynamics. 
  • In-depth one-way valve market analysis is conducted by estimations for the key segments between 2021 and 2028. 
  • Extensive analysis of the market is conducted by following key product positioning and monitoring of top competitors within the market framework.
  • A comprehensive analysis of four major regions is provided to determine the prevailing opportunities.
  • The market forecast analysis from 2021 to 2028 is included in the report.
  • The key market players operating in the market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the market industry.

Key Market Segments

By Type

  • Brass
  • Stainless Steel
  • Carbon Steel
  • Others

By Application 

  • Oil & gas
  • Power
  • Chemicals
  • Water & Wastewater
  • Pharmaceutical
  • Others

By Sales Type 

  • New Sales
  • Aftermarket Sales

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • South Korea
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Players

  • AVK Holding A/S
  • DHV Industries
  • Emerson Electric Co.
  • Flowserve Corporation
  • PetrolValves
  • Schlumberger Limited
  • SPX FLOW, Inc.
  • The Weir Group PLC
  • Valvitalia SpA
  • Velan Inc.
 

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The one-way valve market is mainly driven by growth of the industrial and construction sector in emerging countries. In addition, increase in management of water and wastewater treatment for municipal and industrial sectors is another driving factor for one-way valves market. The one-way valve market was valued at $ 3,631.9 million in 2020, and is expected to reach $ 5,292.4 million by 2028, registering a CAGR of 5.1% from 2021 to 2028.

However, owing to its operation of restricting the flow of fluid in one direction, a lot of physical wear and tear takes place which needs regular monitoring and maintenance. This acts as a major restraint to the one-way valve market. On the contrary, adoption of automation in industries has let to IoT of one-way valves, which further leads to enhanced performance and better monitoring of the system. Thus, IoT will further boost the sale of one-way valves during the forecast period.

Major companies in the market have adopted strategies such as business expansion, partnership, acquisition, and product launch to offer better products and services to customers in the one-way valve market.

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FREQUENTLY ASKED QUESTIONS?

A. The global one-way valve market size was valued at $3,631.9 million in 2019, and is projected to reach $5,292.4 million by 2027, growing at a CAGR of 5.1% from 2020 to 2027.

A. The forecast period considered for the global one-way valve market is 2021 to 2027, wherein, 2020 is the base year, 2021 is the estimated year, and 2028 is the forecast year.

A. To get latest version of global one-way valve market report can be obtained on demand from the website.

A. The base year considered in the global one-way valve market report is 2020.

A. The top companies holding the market share in the global one-way valve market report include AVK Holding A/S, DHV Industries, Emerson Electric Co., Flowserve Corporation, PetrolValves, Schlumberger Limited, SPX FLOW, Inc., The Weir Group PLC, Valvitalia SpA, and Velan Inc..

A. The top ten market players are selected based on two key attributes - competitive strength and market positioning

A. By type, the stainless steel segment dominated the global one-way valve market, in terms of revenue and is expected to maintain this trend during the forecast period.

A. By application, the oil & gas segment is the highest share holder of global one-way valve market.

A. The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.

A. The market value of the global one-way valve market is $3,744.5 million in 2021.

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