The Global Unidirectional Knife Gate Valves Market Was Valued At USD 929 Million In 2022, Is Projected To Grow At A CAGR Of 4.6% During The Forecast Period 2022 To 2030

According to a market research study published by Contrive Datum Insights, To prevent leakage, unidirectional knife gate valves rely on an elastomeric closure. Unidirectional knife gate valves are a type of unidirectional valve, indicating that only one flow direction is possible.

Farmington, April 24, 2023 (GLOBE NEWSWIRE) -- The Global Unidirectional Knife Gate Valves market is estimated to reach a value of USD 929 million in 2022 and is expected to USD 1331.2 million by 2030, demonstrating a tremendous compound annual growth rate (CAGR) of 4.6% from 2023 to 2030. This market's expansion can be attributed to factors such as the increased demand for energy efficiency and sustainability, which is a result of rising environmental concerns and rising consumer awareness of climate change. Unidirectional knife gate valves are a type of unidirectional valve, indicating that the fluid can only flow in one direction. The motion of the blades on either side of the opening creates an even closure force across all sections and precludes any pressure loss through other openings or areas where out gassing could occur. This increases the product's safety and reduces its maintenance requirements in comparison to competitors. These valves allow only one direction of flow through them, making them ideal for applications where only one orientation should be permitted, such as in water or gas distribution networks or oil refineries.

Request Sample Copy of Report "The Global Unidirectional Knife Gate Valves Market Size, Share & Trends Estimation Report By Type Outlook (Wafer Type, Lug Type), By Application Outlook (Commercial, Industrial, Others), Region and Forecasts, 2022 - 2030", published by Contrive Datum Insights.

Segmentation Overview:

Type Outlook:

Wafer Type

Wafer-type unidirectional knife gate valves are constructed with a permanent, flat blade that is biased against a wafer plate. The movement of these blades causes them to open or close based on the direction of flow, while still permitting only one-way flow.

Lug Type

The simple design of a lug-type valve consists of two sliding disks, one mounted on top of the other and able to move together or in opposite directions; these knives have wide edges to cut through solids, which seals them off between nozzles on both sides after passing through the flow direction.

Application Outlook

Commercial

Hotels, restaurants, and other food-serving establishments are examples of commercial uses.

Industrial

Chemical refineries, power plants, and petrochemical facilities are examples of industrial applications. In a variety of processes, including crude oil refining, knife gates are utilized to regulate the movement of liquids and gases.

Others

The enterprises in the healthcare, food and beverage, and water treatment industries comprise the others segment.

Regional Analysis:

This product's main market is North America. Since it utilizes over 50% of the world's one-way knife gate gates. The elevated level of industrialization has increased the demand for knife-shaped one-way valves. These valves are ideal for applications where only one flow direction is permitted, such as in water or gas distribution networks and oil refineries.

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Scope of Report:

Report Attributes

Details

Growth Rate

CAGR of 4.6% from 2023 to 2030.

Revenue Forecast by 2030

USD 1331.2 million

By Type

Wafer Type

Lug Type

By Application

Commercial

Industrial

Others

By Companies

DeZURIK

LK Valves

ORBINOX

Bray

Tecofi

Davis Valve and others.

Regions and Countries Covered

North America: (US, Canada, Mexico, Rest of North America)

Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)

Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)

The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)

Latin America(Brazil, Argentina, Rest of Latin America)

Rest Of the World

Base Year

2022

Historical Year

2017 to 2022

Forecast Year

2023 to 2030

Market Dynamics:

Key Segments Covered:

Trends: Because of industrialization, the market is expanding at a rapid rate

Since the commencement of the industrial revolution, the global industrial sector has expanded significantly. This expansion is attributable to a number of factors, including the migration of people to urban areas and their increased consumption of manufactured goods. The Federal Reserve reports that total manufacturing output increased by 6.1% annually in the second quarter of 2022, but declined by 0.2% in June.

The Asia-Pacific region is likely to expand significantly

Russia consented in February 2022 to send gas to China through a new pipeline for the next three decades. Gazprom, the Russian government's energy corporation, will deliver 10 billion cubic meters of gas annually to CNPC, the largest state-owned energy company in China.

Drivers and restraints: It consists of patterns, obstacles, and forces that can alter the market for better or worse. This section also discusses the magnitude of various market segments and their potential future effects on the market.

Top Market Players:

DeZURIK

LK Valves

ORBINOX

Bray

Tecofi

Davis Valve and others.

By Type

Wafer Type

Lug Type

By Application

Commercial

Industrial

Others

Regions and Countries Covered

North America: (US, Canada, Mexico, Rest of North America)

Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)

Asia-Pacific:(Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)

The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)

Latin America: (Brazil, Argentina, Rest of Latin America)

Rest Of the World

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