Diaphragm Valves Market Size, Share, Growth, and Industry Growth by Material (Stainless Steel Diaphragm Valve, Cast iron Diaphragm Valve and Plastic Diaphragm Valve) By Application (Chemical, Environment and Water Treatment, Industrial, Food & Beverage, Pharmaceutical and Biotechnology, Semiconductor and Others), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Diaphragm Valves Market REPORT OVERVIEW

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The global diaphragm valves market size was USD 388.2 million in 2022 and market is projected to touch USD 644.7 million by 2031, exhibiting a compound annual growth rate (CAGR) of 5.8% during the forecast period.

The membrane valve, also known as a diaphragm valve, is composed of a valve body having two or more ports, an elastomeric diaphragm, and a weir, saddle, or seat that the diaphragm rests upon to close the valve. Depending on the use, the valve body might be composed of plastic, metal, wood, or other materials. The diaphragm valve is incorporated into several industries, including chemical, water treatment, and electricity, and it is used to regulate the flow of gases and liquids.

The world market for diaphragm valves is flourishing, and it is predicted that in the years to come, this industry will grow significantly. To regulate fluid flow and temperature in a variety of industrial applications, a diaphragm valve is a type of workhorse. Diaphragm valves improve flow regulation for efficient operations while lowering maintenance costs, reducing the danger of contamination, controlling pressure drop, and managing pressure drop.

COVID-19 Impact: Shut Down of the Industries to Hinder the Growth of the Market

Due to limitations put in place by the government to stop the virus's spread, industries were compelled to shut down either temporarily or permanently. As a result, there was a decline in product demand, which had an impact on the market for diaphragm valves.

The possible effects of the lockdown are also unclear, and firms' ability to recover financially depends entirely on their cash reserves. Only a few months of a complete lockdown are feasible for equipment and machinery industries; beyond that, the participants would need to change their investment strategies. In order to respond to immediate emergencies and establish new methods of operating once the number of COVID-19 infection cases starts to decline, makers of equipment and machinery must concentrate on safeguarding their employees, operations, and supply networks.

LATEST TRENDS

"Requirement of Less Maintenance to Boost the Market"

With firms like Crane Co., GEA Group Aktiengesellschaft, ALFA LAVAL, and Watson-Marlow Fluid Technology Group as the global leaders for diaphragm valves, the diaphragm valves industry is growing more competitive every year.

Since they have helped reduce the danger of contamination, manage pressure drop, lower maintenance costs, and provide better flow management, diaphragm valves have become more and more popular in recent years. Additionally, diaphragm valves require less frequent maintenance, which can increase demand for the product.

Diaphragm Valves Market Segmentation

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• By Type Material Analysis

By type, market is segmented into stainless steel diaphragm valve, cast iron diaphragm valve and plastic diaphragm valve. The stainless- steel diaphragm valve segment will dominate the market in the coming years.

• By Application Analysis

Based on applications, the market is classified into chemical, environment and water treatment, industrial, food & beverage, pharmaceutical and biotechnology, semiconductor and others. The chemical segment will lead the global share through 2031.

DRIVING FACTORS

"Quick Industrialization and Growing Necessity to Control Radioactive Waste to Push the Growth of the Market"

The primary growth engine for the diaphragm valves market is the increase in power consumption across all established and emerging nations.The demand for diaphragm valves is also anticipated to increase in the coming years due to reasons like the quick industrialization of developing nations like India. In the next years, it is also projected that the growing necessity to control radioactive waste on a global scale would drive the diaphragm valves market.

"High Abrasion and Corrosion Resistance Property to Drive the Market"

Future product demand is expected to be driven by the growing need for secure and dependable diaphragm valves in the world's major economies. A product's demand may be increased and the market may grow favorably as a result of improvements to current items. Due to growing product deployment due to features including high abrasion and corrosion resistance, the water-treatment application sector is anticipated to contribute the most to the overall market. Due to an increase in manufacturers who want to see a product in person before buying it, it is projected that the offline channel will have the most impact on the market as a whole in the future years.

RESTRAINING FACTORS

"Strict Environmental Laws to Decline the Growth of the Market."

Strict environmental laws regulating emissions from process industries and the high initial investment needed to start up a manufacturing facility for these valves are the main factors limiting the growth of the diaphragm valves market.

Diaphragm Valves Market REGIONAL INSIGHTS

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"Asia Pacific Anticipated to Account Significant Share of the Global Diaphragm Valve Market."

Due to a growth in the number of diaphragm valve manufacturers in nations like China and India, the Asia Pacific is predicted to be the dominating region in the worldwide market. Due to the ease of obtaining necessary resources, like land and labor, major players could set up manufacturing operations in nations like India.

Due to significant investments in sectors like chemical and food & beverage, North America is predicted to present attractive development possibilities for the diaphragm valves market.

As a result of considerable research and development efforts in nations like the UK and Germany, Europe is predicted to experience rapid growth in the upcoming years.

In the upcoming years, it is anticipated that other parts of the world, like the Middle East, Africa, and Latin America, would have a moderate rise in the worldwide market.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

List of Market Players Profiled

• GEMU (Germany)
• Saunders (U.S.)
• NDV (Russia)
• Alfa Laval (Sweden)
• Georg Fischer (Switzerland)
• Parker Hannifin (U.S.)
• Aquasyn (U.S.)
• KITZ SCT (Japan)
• ENG Valves (ITT) (U.S.)
• Hylok (South Korea)
• Marcworks (U.S.)
• Top Line Process (U.S.)
• Shanghai Lianggong (China)
• BVMG (India)
• Shanghai REMY (China)
• Hong ke (China)
• Enine Corporation (U.S.)
• Liang Jing (China)
• CNNC Sufa (China)
• Shanghai Lizao (China)
• ASEPCO (U.S.)
• Formatura (Italy)

REPORT COVERAGE

The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes a number of other factors that have contributed to recent growth.