Market research from Technavio suggests that the global pinch valve market will grow at a rate of 5 per cent CAGR between 2017 and 2021.
The report looks at market segmentations based on end-users in the food and beverage industry, healthcare industry, water and wastewater industry, chemical industry, and other. It also segments for geography into Europe, Middle East, and Africa (EMEA), Asia Pacific (APAC), and the Americas.
In the U.S., Technavio expects the chemical and petrochemical industry is expected to develop due to increased shale oil and gas production. Due to planned liquid natural gas projects in the U.S., it’s anticipated that pinch valves will be increasingly deployed for reverse osmosis of seawater.
Growth in EMEA’s chemical industry is expected to be driven 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,” said Kalle Deepak, a lead automation research expert at Technavio. “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.”
Technavio has stated that all the end-user segments have witnessed substantial growth in APAC. The company also notes the necessity to expand the infrastructure in the power, healthcare, chemical, and water and wastewater industries, because of the increasing population and rapid expansion in industrial activity in the region.
The top vendors in the global pinch valve market as highlighted in Technavio’s market research analysis are:
- Red Valve