The global
pinch valve market is expected to grow at an impressive CAGR
of close to 5% during the forecast period, according to Technavio’s
latest market research.
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Technavio has published a new report on the global pinch valve market from 2017-2021. (Graphic: Business Wire)
In this market research report, Technavio
covers the market outlook and growth prospects of the global pinch
valve market for 2017-2021. The market is further segmented based on
end-user (food and beverage industry, healthcare industry, water and
wastewater industry, chemical industry, and others) and geography (EMEA,
APAC, and the Americas).
Technavio’s research analysts segment the global pinch valve market into
the following regions:
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EMEA: largest pinch valve market
In the Middle East and Africa, there has been a rising demand for
packaged food and beverage products. This has led to higher investments
in the market in this region. Additionally, during the forecast period,
the packaged food industry in EMEA will witness capacity additions.
During the forecast period, the pinch valve market in the region is
predicted to be benefited by the overall developments in the food and
beverage industry. The growth of the chemical industry is expected to be
fueled by local government initiatives like world-class plants and
integrated chemical complex construction in the Kingdom of Saudi Arabia
(KSA) and Qatar.
“Through the forecast period, the water and wastewater and chemical
industry in Europe is expected to witness an increase in investments.
The chemical industry in this region has witnessed a growing demand.
Therefore, the European Union has initiated the development of new
chemical production facilities with stringent regulations to incorporate
automation requirements within the plant. During the forecast period,
the deployment of pinch valves is expected to increase due to these new
projects,” says Kalle Deepak, a lead automation
research expert from Technavio.
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Pinch valve market in APAC
All the end-user segments have witnessed substantial growth in APAC.
There is a necessity to expand the infrastructure in the power,
healthcare, chemical, and water and wastewater industry because of the
increasing population and rapid expansion in industries. There is a
rising trend of packaged food across the region that has led to new
investments in the food and beverage industry. In regions such as China
and India, the increasing population and decreasing access to clean
water have increased the activities of water treatment.
“There is a demand for healthcare products, such as oncology drugs in
Southeast Asia, which has led to healthcare companies enhancing their
product portfolios. Apart from developing vaccines for remote clinics,
they are also promoting medical tourism practices. In the biotechnology
sector, Australia, China, and Singapore are striving to become centers
for research and innovation,” says Kalle.
Pinch valve market in Americas
In the US, the chemical and petrochemical industry is expected to
develop due to increased shale oil and gas production. The deployment of pinch
valves for the refinement of water by seawater reverse osmosis
process will increase owing to the new liquid natural gas projects
planned by the US. There is a trend for packaged food in the US. This
has contributed to the country becoming a lucrative option for the food
and beverage industry.
During the forecast period, the US chemical processing industry is
anticipated to enter a phase of growth because of the low cost of liquid
natural gas that is a primary feedstock for the ethylene-based chemical
industry. Significant opportunities for export-oriented trade in the
Americas, predominantly in the US are expected to be witnessed due to
the increasing global demand for chemicals, such as ethylene, ammonia,
and methanol.
The top vendors in the global pinch valve market as highlighted in this
market research analysis are:
-
AKO
-
Festo
-
Flowrox
-
Red Valve
-
WAMGROUP
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