The diaphragm valve market is expected to register a CAGR of over 7.3% during the forecast period 2018 - 2023. The report profiles the providers of diaphragm valve, including manufacturers and suppliers.
A diaphragm is used to control the flow of gases and liquid and is integrated into diverse industries, such as chemical, water treatment, and power. Furthermore, it offers great chemical resistance, due to the presence of a wide array of the lining. As a result, it is being used as a significant component, particularly in the manufacturing site. Notably, industries, such as food and beverage and pharmaceutical, which cannot endure contamination, prefer the utilization of diaphragm valve as it does not allow contamination. Thus, the increasing investments, majorly in these industries, is expected to have a positive impact on the market growth. In July 2018, Russia planned an investment of USD 50 billion for the oil and gas industry in Iran, which is expected to propel the utilization of valves, including diaphragm, thereby boosting the market growth over the forecast period. Moreover, in the United States, as the spending in the upstream sector decreased, the investments in shale rapidly increased in early 2018. As a result, it is expected to foster the shale exploration activity, thereby having a positive impact on the market growth, over the next six years. Additionally, in August 2018, PepsiCo planned to invest in food plant expansion in Shanghai worth USD 100 million, which is, in turn, projected to bolster the adoption of valves. Notably, the companies are focusing more on the water and wastewater segment, owing to reduce contamination, which may increase the adoption of industrial valves, especially diaphragm valves.
Increasing Demand for Radioactive Waste Management
In radioactive waste management, the diaphragm valve is used to prevent any leakage or contamination with foreign material, which is expected to increase the utilization of the component, thereby fostering the market growth. Many countries are regularly trying to intensify their radioactive waste management to curb the destruction and enhance the efficiency of energy. In April 2018, Ukraine announced to improve its waste management by refining radioactive waste management legislation and working with diverse countries, such as Sweden, Spain, Germany, and France. Thus, it is expected to increase the usage of the component, thereby aiding the market growth over the forecast period.
The Power segment is expected to Register the Highest Growth Rate
In the power industry, the diaphragm valve is primarily used to prevent contamination of fluids and reduces maintenance costs as it is easily replaceable. Notably, the power industry, globally, is poised to witness a high demand, owing to the rise in utilization of renewable energy. According to IEA (International Energy Agency), countries are rigorously upgrading their power infrastructure and regularly investing in electrification, which is likely to boost the market growth over the next six years. In addition, in July 2018, The Saudi Electricity Company commenced a new power plant to foster the country’s electric power industry. As a result, the utilization of the diaphragm valves is expected to increase over the next six years.
Asia-Pacific is expected to Witness Highest Growth
The rapid and rigorous investment in different industries, including food and beverage, power plants, and chemical, in the Asia-Pacific region is expected to have a positive impact on the overall market growth. In July 2018, NLC India planned to increase its power generation capacity. Furthermore, chemical companies in the region are investing to expand their facility in the Asia-Pacific region, owing to low-cost labor and rapidly increasing demand. For instance, in July 2018, BASF signed a MoU to launch its production plant in China, which will be fully-owned by the company. As a result, the utilization and integration of diaphragm valve is expected to increase exponentially in the region, over the forecast period.
Key Developments in the Market
- March 2017 - LK Valves AB formed an agreement with Pangea Marine Trade AS to capture the rapidly growing Turkish market, which is expected to boost the company’s geographical presence and market growth.
Major Players: GEMÜ Gebr. Müller Apparatebau GmbH & Co. KG, Nippon Daiya Valve Co. Ltd, ITT Inc., Formatura Iniezione Polimeri SpA., CRANE ChemPharma & Energy (Crane Co.), The Weir Group PLC, Aira Euro Automation Pvt Ltd, Hy-Lok USA Inc., ERHARD GmbH & Co. KG, LK Valves AB (Lagerstedt & Krantz AB), and The Emerson Electric Company, among others.
Diaphragm Valve Market Report Summary
Diaphragm Valve Market
This report on the Diaphragm Valve Market offers the latest trends, growth prospects, industry competitiveness, major players, value/supply chain, regional market share, and forecast until 2023.
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- Impact of growth of emerging technologies on the market
- Analysis of various perspectives of the market with the help of Porter’s Five Forces Analysis
- The segments that are expected to dominate the market
- Regional analysis of the market during the forecast period
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1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
1.4 Key Findings of the Study
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Industry Value Chain
4.3 Factors Driving the Market
4.3.1 Increasing Demand for Safe and Reliable Production
4.3.2 Rising Demand for Radioactive Waste Management
4.3.3 Rapid Industrialization Fueling the Demand for Adequate Infrastructure
4.4 Factors Challenging the Market
4.4.1 Limiting Pressure and Temperatures and Experience Erosion
4.5 Industry Attractiveness – Porter's Five Industry Forces Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Consumers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Products or Services
4.5.5 Competitive Rivalry among Existing Competitors
5. Global Diaphragm Valve Market - Segmentation
5.1 By Type
5.2 By End-user Vertical
5.2.2 Food & Beverage
5.2.3 Water Treatment
5.2.6 Other End-user Verticals (Industrial)
5.3 By Geography
5.3.1 North America
5.3.4 Latin America
5.3.5 Middle East & Africa
6. Competitive Intelligence – Company Profiles
6.1 GEMÜ Gebr. Müller Apparatebau GmbH & Co. KG
6.2 Nippon Daiya Valve Co. Ltd
6.3 ITT Inc.
6.4 Formatura Iniezione Polimeri SpA
6.5 CRANE ChemPharma & Energy (Crane Co.)
6.6 The Weir Group PLC
6.7 Aira Euro Automation Pvt Ltd
6.8 Hy-Lok USA Inc.
6.9 ERHARD GmbH & Co. KG
6.10 LK Valves AB (Lagerstedt & Krantz AB)
6.11 The Emerson Electric Company
6.12 Asahi/America Inc.
*List is Not Exhaustive
7. Investment Analysis
8. Future Outlook of Diaphragm Valve Market