Global One-Way Valve Market Grows Steadily at a CAGR of 5.3%

Introduction

Check valves and non-returning valves are other names for one-way valves. These valves only permit one direction of fluid flow. By physically stopping the flow, they also limit fluid flow in the opposite direction. These valves are primarily utilized in the water and wastewater, oil and gas, electricity, manufacturing, and chemical industries. The awareness and treatment of water and wastewater in the municipal and industrial sectors is a primary driver of the one-way valve market.

The industrial and construction industries in developing nations like Brazil, India, and China are other factors driving the one-way valve market. However, preventing fluid flow in the opposite direction results in significant physical wear and strain. Therefore, these valves require routine maintenance and observation. This restricts the market for one-way valves. Additionally, the use of IoT in the industry has improved the efficiency and monitoring of these one-way valves. Consequently, a significant opportunity for growth during the forecasted time is created.

Market Dynamics

Urbanization and Industrialization in Developing Countries Drives the Global One-Way Valve Market

Rapid urbanization and industrialization in developing countries are anticipated to create remunerative opportunities to expand the valve market. The market for one-way valves is primarily driven by the rising need for infrastructure and building projects. The demand for one-way valves in process industries has increased due to the industrialization of developing nations. Mining, building, sugar, paper, oil & gas, and other industries need valves to manage high fluid flows.

The expansion of the global industrial sector leads to an increase in demand for mined ores as raw material and fuel for the industries. Industrialization led to the development of transportation, which led to the rise in the need for valves in manufacturing industries. Thus, increase in demand for one-way valves.

Introduction of IoT and Energy Efficient Valves Provides New Opportunities for the Global One-Way Valve Market

One-way valves are widely used in food processing, beverage, chemical, pharmaceutical, and petrochemical industries to control the flow of fluids. Moreover, upgrading manufacturing facilities involves using energy-efficient products for operations. Therefore, the use of IoT-enabled systems to monitor the flow through one-way valves and the physical condition of the components in the one-way valves have gained prominence and made the one-way valves energy efficient. This can provide a lucrative growth opportunity to the players in the one-way valve market during the forecast period.

Regional Insights

Asia-Pacific is the largest region in the one-way valve market and is estimated to grow at a CAGR of 5.4% during the forecast period. Emerging economies like India and China are developing swiftly, witnessing rapid growth of industries and urban migration. This has led to the construction of new projects in these countries and, in turn, driving the one-way valve market in Asia-Pacific during the forecast period.

North America is the second-largest region and is projected to reach USD 1,350 million by 2030, growing at a CAGR of 4.5%. The US has a robust industrial sector, whereas Mexico is a rapidly developing country. Industrialization and urbanization in North America have been driving the one-way valve market. Additionally, new and aftermarket sales of one-way valves in industries such as oil & gas, power, pharmaceutical, food & beverage, and other sectors, owing to new projects and expansion of existing facilities, are expected to boost the one-way valve market growth during the forecast period.

LAMEA is the fastest-growing region. LAMEA includes Brazil, Argentina, South Africa, Saudi Arabia, Qatar, and others. The growth is attributed to the booming industries and the growing urban population. This drives the development of manufacturing plants for food & beverage, pharmaceutical, oil & gas, and other process industries. Therefore, the installation of one-way valves in these manufacturing plants boosts the one-way valve market growth during the forecast period.

Key Highlights

• The global one-way valve market was valued at USD 3,840 million in 2021. It is expected to reach USD 6,115 million by 2030, growing at a CAGR of 5.3% during the forecast period (2022–2030).
• Based on type, the global one-way valve market is divided into Brass, Stainless Steel, Carbon Steel, and Others. Stainless Steel dominates the one-way valve market and is estimated to grow at a CAGR of 5.3% during the forecast period.
• Based on application, the global one-way valve market is classified into Oil & Gas, Power, Chemicals, Water & Wastewater, Pharmaceutical, and Others. The Oil & Gas segment is the highest contributor to the market and is estimated to grow at a CAGR of 4.6% during the forecast period.
• Based on sales type, the global one-way valve market is divided into New and Aftermarket Sales. The Aftermarket Sales segment is the largest market shareholder and is estimated to grow at a CAGR of 4.8% during the forecast period.
• Region-wise, the global one-way valve market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is the largest region in the one-way valve market and is estimated to grow at a CAGR of 5.4% during the forecast period.

Competitive Players

1. AVK Holding A/S
2. DHV Industries
3. Flowserve Corporation
4. Emerson Electric Co.
5. PetrolValves
6. Schlumberger Limited
7. SPX FLOW, Inc
8. The Weir Group PLC
9. Valvitalia SpA
10. Velan Inc

Recent Developments

Recent Developments

• June 2022 - Flowserve Corporation, a leading provider of flow control products and services for the global infrastructure markets, announced today it was awarded a contract to provide pumps to TMGcore, Inc., a Texas-based leading provider of high-performance computing solutions specializing in liquid immersion cooling technology.
• May 2022 - Flowserve Corporation, a leading provider of flow control products and services for the global infrastructure markets, announced today that it was awarded a contract to provide control and ball valves to OMV’s chemical recycling demonstration plant in the city of Schwechat, Austria, located approximately 16 km (10 miles) southeast of Vienna.

Segmentation

1. By Type
   1. Brass
   2. Stainless Steel
   3. Carbon Steel
   4. Others
2. By Application
   1. Oil & Gas
   2. Power
   3. Chemicals
   4. Water & Wastewater
   5. Others
3. By Sales Type
   1. New Sales
   2. Aftermarket Sales