Knife Gate Valve Market 2023 – Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Market Size & Forecast 2030
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Knife Gate Valve Insights:
A knife gate valve is a uni-directional
valve that's designed to be used in applications where a straight-line flow of
fluid and tight shut-off is required. The valve gets its name from the
sharp-edged gate that's used to traverse the flow of fluid and shut off the
flow completely. It typically consists of a blade, which is the gate that
slides back and forth across the flow of fluid to regulate the flow. These
valves are commonly utilized in applications like pulp and paper, wastewater
treatment, oil &mining, and chemical processing. They're ideal to be used
in situations where there's a high concentration of solids within the fluid
because the sharp-edged blade can traverse and take away any debris which will
be present. They're relatively simple in design making them easy to work and
maintain. Its ability to supply a decent shut-off makes it ideal to be used in
applications where leakage can't be tolerated.
Knife Gate Valve Market
The global knife gate valve market size
was valued at $710.0 million in 2020 and is projected to succeed in $1.2 billion
by 2030, at a CAGR of 6.7% during the forecast period (2023-2030) driven by the
increasing demand for knife gate valves within the mining industry, pulp and
paper products, and the wastewater treatment plants. Additionally, the rising
adoption of automated valves in industrial applications is expected to drive
the expansion of the knife gate valve market. Regionally, Asia-Pacific is
predicted to dominate the knife gate valve market in terms of size, with China
and India being key contributors to the expansion of the market within the
region.
Knife Gate Valve Market Growth Drivers:
The mining industry is one of the main
end-users of knife gate valves used for controlling the flow of abrasive and
corrosive materials. These valves also are extensively utilized in the pulp and
paper industry for controlling the flow of liquids, slurries, and other
materials. With the increasing demand for minerals & metals and paper &
paper products across the world, the demand for knife gate valves is predicted
to grow significantly.
Knife gate valves are widely utilized
in wastewater treatment plants for controlling the flow of wastewater and other
materials. Manufacturers are constantly developing new and innovative knife
gate valves which supply better performance, greater reliability, and increased
durability to satisfy the changing needs of consumers.
Automated valves offer several advantages, like improved accuracy, reduced downtime, and increased efficiency, which is driving their adoption in various end-use industries.
Knife Gate Valve Market Segmentation:
1. By Type: Manual Knife Gate Valves, Automated
Knife Gate Valves
2. By Material: Stainless Steel, Cast Iron, Carbon
Steel, Others (Brass, Bronze, Aluminum)
3. By Geography: North America, Europe, Asia-Pacific, Latin
America, Middle East &Africa
Knife Gate Valve Market Type Segment
Review
Manual knife gate valves are operated
manually by turning a hand wheel or lever and are relatively simple to operate
and require less maintenance than automated knife gate valves. In 2022, the
manual knife gate valve segment accounted for a larger share of the overall market,
estimated to be around 60.0%. This segment is expected to grow at a CAGR of
around 6.5% during the forecast period (2023-2030) driven by the increasing
demand for manual knife gate valves from end-use industries such as mining,
pulp and paper, and wastewater treatment. DeZURIK Inc., Orbinox Valves
International, S.A, Flowrox Oy, Velan Inc., Weir Group plc, and Emerson
Electric Co. are some key players in this segment that offer a variety of
manual knife gate valves in different sizes, materials, and configurations to
suit various applications and requirements.
Automated knife gate valves are
operated by an actuator, which can be controlled remotely or through a computer
system and offer several advantages over manual knife gate valves, such as
improved accuracy, reduced downtime, and increased efficiency, and are expected
to witness higher growth at a CAGR of 7.0% during the aforementioned period. Flowrox
Oy, Velan Inc., Weir Group plc, Metso Corporation, Bray International Inc.,
and, Red Valve Company Inc. are some major players in this segment that offer a
variety of automated knife gate valves with different actuation options, such
as electric, pneumatic, and hydraulic, to suit different applications and
requirements.
Knife Gate Valve Market Material Segment
Review
Stainless steel knife gate valves are
highly corrosion-resistant and offer excellent durability and strength and
accounted for the most important share in 2022, estimated to be around 40.0%.
The market is predicted to grow at a CAGR of around 7.0% from 2023 to 2030
driven by the increasing demand for chrome steel knife gate valves from the
food and beverage industry and the growing specialization in wastewater
treatment. Velan Inc., Weir Group plc, Emerson Electric Co., Flowrox Oy, and
Metso Corporation are some key players using stainless steel for knife gate
valves.
Cast iron knife gate valves are widely
utilized in the pulp and paper industry due to their excellent wear resistance
properties and account for a big share predicted to grow at a CAGR of around
6.5% during the forecast period of 2023 to 2030. These valves are offered by
Red Valve Company Inc., Davis Valve, AVK Holding A/S, VAG-Group, and Bray
International Inc. in a variety of sizes, materials, and configurations to meet
the needs of a variety of industries, including pulp and paper, mining, power
generation, and wastewater treatment.
Carbon steel knife gate valves offer high strength and toughness, making them suitable to be used in harsh industrial environments. The increasing demand from the oil and gas industry and the growing adoption of automation in industrial processes are driving the expansion of this segment. The market accounted for a smaller share in 2022, growing at a CAGR of around 7.5% during the aforementioned period. Other materials utilized in knife gate valves include brass, bronze, and aluminum is predicted to grow at a CAGR of around 6.0% due to the demand from the chemical and pharmaceutical industries. DeZURIK Inc., Orbinox Valves International, S.A, Flowrox Oy, Velan Inc., Weir Group plc, and Emerson Electric Co. are some key players in this segment.
Knife Gate Valve Market Regional Synopsis:
The North American knife gate valve
market is driven by increasing demand from end-user industries such as water
and wastewater treatment, mining, and power generation. In 2022, the market was
valued at $238.7 million, and it's expected to grow to $321.7 million by 2030
at a CAGR of 3.8% during the forecast period (2023-2030). The market is
characterized by the presence of several major players such as DeZURIK Inc.,
Emerson Electric Co., and Red Valve Company Inc.
The European market is expected to grow
at a CAGR of 4.2% during the forecast period (2023-2030) driven by a variety of
factors, including the need for valve solutions that are both cost-effective
and efficient as well as the rising demand from industries that supply end
users. The market is overwhelmed by a few major players, including Weir
Gathering plc, Metso Partnership, AVK Holding A/S, Flowrox Oy, Velan Inc., KSB
SE and Co. KGaA, and Red Valve Organization Inc that are zeroing in on item
development, key organizations, and consolidations and acquisitions to extend
their market presence.
The Asia-Pacific market is expected to
grow at a CAGR of 5.1% during the forecast period (2023-2030)driven by several
factors, including rapid industrialization, increasing demand for wastewater
treatment, and growth in the mining and chemical industries. The increasing
industrialization and urbanization in developing countries like India and China
are driving market growth in this region. Flowrox Oy, Orbinox, ITT Corporation,
Weir Group, AVK Group, and DeZURIKInc. are some of the major players in the
market and these companies create valves for difficult applications involving
thick, viscous fluids or solids, such as wastewater, mining slurries, and pulp
and paper processing.
The Latin American market is predicted to grow at a CAGR of 4.5% (2023-2030) driven by several factors, including increasing demand for mining and minerals, rapid industrialization, and growing demand for water and wastewater treatment in countries like Brazil, Mexico, Argentina, Colombia, and others. The Middle East & African market is expected to grow at a CAGR of 3.6% driven by factors like increasing demand for knife gate valves within the oil and gas, mining, and wastewater treatment industries. Flowrox Oy, Orbinox, ITT Corporation, Weir Group, AVK Group, and DeZURIKInc. are some key players in these regions. However, the market is additionally faced with challenges like fluctuating prices of raw materials, intense competition among players, political instability, and economic downturns in certain countries within the region.
Knife Gate Valve Market Key Challenges:
The market is very competitive with the
presence of several large and little players. The costs of raw materials used
to manufacture knife gate valves, like chrome steel and cast iron, are subject
to fluctuations within the market. These factors may cause price wars and
affect the profit margins of manufacturers.
The outbreak of the COVID-19 pandemic
has affected the worldwide economy and led to disruptions within the supply
chain of varied industries, including the knife gate valve market.
The manufacturing and operation of knife gate valves are subject to varied environmental regulations, like emissions and waste disposal regulations. Compliance with these regulations may increase manufacturing costs and affect the profitability of manufacturers.
Knife Gate Valve Market Key Global Players:
The competitive landscape of the knife
gate valve market is influenced by several factors, including:
· Companies
with various product portfolio that caters to the wants of varied end-use
industries are more likely to possess a robust market presence.
· Technology
innovation is important for companies to remain competitive within the market.
This also plays an important role in pricing strategy as companies that provide
competitive prices on new and innovative products without compromising on
quality by investing in research and development activities are more likely to
realize a competitive advantage.
· Companies
with a good geographic reach and presence in multiple regions are more likely
to possess a robust market position intrinsically companies can cater to the
requirements of consumers in various regions and gain a competitive advantage
over local players.
· Providing
excellent customer service is crucial for companies to retain customers and
gain a competitive edge in the market. Companies that provide timely and
effective customer support and after-sales services are more likely to possess
a loyal customer base.
The worldwide knife gate valve market
is profoundly cutthroat and divided, with a few central participants working on
the lookout. The knife gate valve market is dominated by major international
players like:
·
AVK Holding
A/S
·
Bray
International Inc.
·
CMO Valves
·
Davis Valve
·
DeZURIK, Inc.
·
Emerson
Electric Co.
·
Flowrox Oy
·
ITT Inc.
·
Metso
Corporation
·
Orbinox
Valves International S.A
·
Pentair plc
·
Red Valve
Company Inc.
·
VAG-Group
·
Velan Inc.
·
Weir Group
plc
To introduce novel products to the market, these businesses continuously invest in research and development activities. In addition, they are implementing tactics like mergers and acquisitions, partnerships, and collaborations to improve their market position and broaden their reach.
The report on
the knife gate valve market covers the following aspects:
·
Market
Overview: A general overview of the global knife gate valve market, including
its current size and growth projections for the future.
·
Market
Segmentation: A breakdown of the market by type, material, end-user, and
geographic region.
·
Market
Dynamics: An analysis of the key drivers, challenges, and trends affecting the
growth of the knife gate valve market.
·
Competitive
Landscape: A comprehensive analysis of the leading players in the knife gate valve
market, including their market share, product offerings, and key strategies.
·
Regional
Analysis: A detailed analysis of the knife gate valve market by geographic
region, including market size, growth projections, and key trends for each
region.
·
Company Profiles:
In-depth profiles of key players in the knife gate valve market, including
their business overview, product offerings, financial performance, and recent
developments.
·
Market
Forecast: Projections for the future growth of the knife gate valve market,
including market size, growth rate, and key trends for the next five to ten
years.
Attributes |
Details |
Base Year |
2022 |
Trend Period |
2018 – 2032 |
Forecast Period |
2023 – 2030 |
Pages |
215 |
Type Segment |
Manual Knife Gate Valves, Automated
Knife Gate Valves |
Material Segment |
Stainless Steel, Cast Iron, Carbon
Steel, Others (Brass, Bronze, Aluminum) |
End user Segment |
Mining,
Pulp & Paper, Wastewater Treatment, Oil & Gas, Chemical, Others (Food
& Beverage, Pharmaceutical, Power Generation Industries) |
Company Profiles |
Flowrox Oy, ITT Inc., Orbinox Valves,
International S.A, AVK Holding A/S, Emerson Electric Co., DeZURIK, Inc., Velan
Inc., Weir Group plc, CMO Valves, Pentair plc, and Others |
Edition |
4th edition |
Publication |
March 2023 |