Reed Valve Market Size, Share, Growth, and Industry Analysis, By Type(Metal, Composite Material and Other Shakers), By Application (Motorcycle, Industry and Others), Regional Forecast To 2031

Updated On: 22 April 2024

REED VALVE MARKET REPORT OVERVIEW 

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The global reed valve market size expanded rapidly in 2022 and the market is projected to grow substantially by 2031, exhibiting a prodigious CAGR during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

A reed valve is a device that permits fluids to flow in one direction but not the other. These unidirectional check valves have been in use for most of human history, first as a component in water pumps and later in objects such as forge bellows and musical instruments. Another popular modern application for the reed valve is in two-stroke petrol engines, such as those seen in motorcycles, go-karts, and lawnmowers. Reed valves are frequently used in two-stroke engines to allow air and fuel into the crankcase. Because the valve prevents fluids from flowing in the opposite direction, the combustion chamber is effectively closed off for the power stroke.

COVID-19 Impact: COVID-19 Gave Rise to Lockdown Which Deflated the Market Demand

The COVID-19 epidemic had a devastating influence on the oil and gas industry, causing oil prices to plummet. The fall in demand for oil and gas as a result of different limitations placed by governments throughout the world generated a massive imbalance between supply and demand. Aside from oil and gas, significant end-users of valves include water and wastewater treatment, as well as the energy and power industries. All of these industries saw decreased demand as a result of the global epidemic. However, as the restrictions have been lifted, these industries have begun to recover gradually, which will accelerate the reed valve market growth in the future.

LATEST TRENDS

"The Digital Interface to Drive the Market Growth and Attract the Consumers "

Several businesses are embracing emerging technologies such as artificial intelligence (AI) and the industrial internet of things (IIoT) to reduce unplanned downtime and other negative incidents caused by valve failures. Sensor-equipped valves are also becoming more popular in order to reduce failures and total maintenance expenses. Use of these sophisticated values is projected to increase the market even more during the forecast period.

REED VALVE MARKET SEGMENTATION

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• By Type

Based on type, the reed valve market is classified into metal, composite material and other shakers.

The type metal is the leading part of the type segment.

• By Application

Based on application, the reed valve market is classified into motorcycle, industry and others.

The type motorcycle is the leading part of the application segment.

DRIVING FACTORS

"The Two-Stroke Engine and Performance Applications to Boost the Market  "

Reed valves are frequently used in two-stroke engine applications and work on the same fundamental principles, despite typically being made of high-tech, robust materials. In a two-stroke engine, a reed valve's specific job is to control how much gasoline and air enter the crankcase. By allowing the mixture to enter, a check valve can prevent hot, high-temperature combustion gases from escaping. Due to the utilisation of carbon fibre and other composite materials, some reed valves used in performance applications are lightweight, flexible, and wear-resistant. This can be particularly crucial while driving go-karts, motorbikes, and other vehicles in competition.

"The Increase in Oil and Gas Exploration and Production to Multiply the Market Growth "

An important factor that has fueled the reed valve market growth in recent years is the rise in oil and gas exploration and production (E&P) activities. Also, a number of nations are investing heavily in drilling operations to access unconventional resources, which is encouraging news for the worldwide valves industry. The installation of industrial valves is anticipated to increase as pipeline infrastructure investments in the oil and gas industry rise. Also, the government is implementing more water supply and sanitation programmes in many developing nations, which will probably raise demand for industrial valves used in home and agricultural settings.

RESTRAINING FACTORS

"Various Certifications and Policies acts as the Major challenge in the Market Growth  "

Due to the extensive usage of valves in numerous end-user industries, market participants are required to adhere to a variety of certifications and policies of different regions with regard to valve manufacture. This results in a diversity of product requirements. The firms must modify the same product in accordance with regional rules, which makes it challenging for them to obtain an ideal cost of installation. This restrains the market's growth.

REED VALVE MARKET REGIONAL INSIGHTS

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"Asia Pacific Region to Lead the Market with the Rapid Growth and Potential Manufacturers"

The Asia Pacific area has a sizable reed valve market share for because of the expanding production and R&D activity in numerous industries throughout the region's member states. Also, the growing number of steps being done to ensure worker safety in sectors like oil and gas and chemicals also contributes to the expansion of the regional reed valve market.

Reed valves are in high demand because India is one of the nations with the fastest-growing manufacturing sectors and machinery. The Indian government offers incentives to businesses establishing industrial facilities. Additionally, it has detailed a number of initiatives to support the industrial industry. For instance, India presented a strategy in August 2021 to achieve its target of USD 1 trillion in exports of manufactured products. Due to the expanding industrial operations in the area and the development in the number of manufacturing facilities for water, chemicals, and oil and gas, among other things, China holds a significant market share. The need for industrial valves that can withstand high pressure has increased as a result of this.

KEY INDUSTRY PLAYERS

"Notable Players to contribute towards the market growth"

The top notch players of the market share are implementing and applying varied front end and back end strategies  to exceed and expand their empire.

List of Market Players Profiled

• CRP Group (U.K)
• ATHENA (India)
• Hoerbiger (Switzerland)
• Adige (Italy)
• Kimpex (Canada)
• Motocross (India)
• Moto Tassinari (U.S.A)
• Jetsurf (U.S.A)
• RevZilla (U.S.A).

INDUSTRY DEVELOPMENT

• October 2021: Emerson introduced the first valve assemblies that complied with the IEC 61508 standard of the International Electrotechnical Commission's Safety Integrity Level (SIL) 3 design process standards.
• May 2021: Alfa Laval expanded the selection of its high-performance aseptic processing-specific Unique DV-ST UltraPure diaphragm valves. The series of valves adheres to ATEX standards and features cast valve bodies that are lightweight and thinner stainless-steel actuators.
• September 2021: A portfolio business of Arcline Investment Management, Fairbanks Morse Defense (FMD), purchased Hunt Valve Company Inc., a manufacturer of naval valves and electromechanical actuators.
• June 2021: For the needs of the district energy, Vexve introduced a new product line of trunnion-mounted ball valves. The valves are made to perform dependably in both above- and below-ground installations under the most difficult circumstances.

REPORT COVERAGE

The report covers the information on the advancement outlooks with new inventions and SWOT analysis.The market elements situation, with the development areas of the market in the upcoming years. Market segmentation information including the subjective and quantitative research including the effect of financial and strategy viewpoints are discussed in the report. The report also disseminates the information on the regional and nation level assessment incorporating the demand and supply dominators that are affecting the development of the market. The competitive landscape including market share of major players, along with the new research methodologies and strategies adopted by players for the  forecasted period is listed in the report.