Knife Gate Valve Market - By Product Type (Pneumatic Knife Gate Valve, Electric Knife Gate Valve, Handwheel Knife Gate Valve, Others) By Application (Pulp and Paper, Mining, Food and Beverage, Power Plants, Chemical Industries, Waste Water Treatment, Stee

Rising Investment in Wastewater Treatment Industry Around the World is Likely to Foster the Global Knife gate valve Market in terms of consumption at 3.1% CAGR during 2020 & 2025.

The global knife gate valve market witnessed a total consumption of 475.1 thousand units in 2019 and is estimated to reach 572.1 thousand units in 2025, registering a compound annual growth rate (CAGR) of 3.1% between 2020 and 2025.

Rapid Industrialization is Augmenting the Demand for Industrial Valves

Knife gate valves find foremost applications in oil & gas, mining, pulp & paper, and chemical industries. As industrialization is rising across all regions, especially in emerging economies such as India, Brazil, China and others, the demand for a knife gate valve is expected to rise in upcoming years. The mining industry is one of the major end-user of Knife gate valve, and since the mining industry across the globe is flourishing owing to the number of reasons, the knife gate valve market is likely to follow the same path as the mining industry in future.

Rapid growth in industries such as water & wastewater treatment, oil & gas, chemical and petrochemical, where liquid handling is essential, the demand for valves is intensely high and this is a major driving factor behind rising consumption of knife gate valves across the globe. Ongoing government & municipal projects for water & wastewater treatment, rising expenditure on oil & gas exploration activities by countries such as U.S. & China are two of the many factors, which are projected to bolster the consumption rate of knife gate valve in upcoming years.

Growing Demand for Energy in Emerging Countries

The economic, industrial and urbanization growth has a direct impact on energy demand in leading industrialized and emerging economies including China, Argentina, the United States of America, Saudi Arabia, China, and others. Due to the rise in demand for energy, industries such as oil & gas, powerplant, coal industry, the renewable energy industry, and others are growing significantly worldwide. Governments are spending tons of capital to increase energy production in order to fulfill the energy demand of nations. Energy Demand Growing Demand for Energy in Emerging Countries Industrial valves such as the Knife gate valve’s consumption is estimated to grow significantly higher than its levels in previous years owing to the rise in investment in the energy sector across the globe. Countries such as China and the U.S. are striving hard to boost oil & gas production in the country. At the same time, it is also expected that the consumption of knife gate valves in renewable energy industries such as hydro powerplants, and others will grow as the demand for renewable energy resources is rising worldwide.

Government Initiatives & Municipal Projects

Government initiatives such as water infrastructure development, wastewater treatment project, and others will be predicted to positively affect the demand for a knife gate valve in the future. For instance, a major part of the population in Brazil is living without access to safe water and the Brazilian government is spending millions to offer solutions for water and sanitation needs to people in need. Further, government initiatives to enhance water management in the country are projected to bolster the growth of the knife gate valves market in the future. Additionally, the wastewater treatment industry is also a key end-user of knife gate valves. Since the governments are investing tens of millions to enhance wastewater management and treatment system to meet the cumulative demand for uninterrupted water supply is likely to foster the consumption of knife gate valves in wastewater and water treatment industry.

Infrastructure Projects

Some other potential drivers for the global knife gate valve market are ongoing infrastructure development in merging countries and smart city development initiatives across the world are estimated to grow the knife gat valve demand in upcoming years. The valve industry will automatically gain benefits from different sectors such as food, pulp & paper, and chemical industries.

Barriers in Market

The low-quality product offered by local manufactures is one of the serious concerns to the manufacturers and end-users of industrial valves. There is an infinite number of small and big manufacturers are active in this market and due to this standardization and certification creating issues are rising which may hamper the growth of the market in the future.

The presence of other gate valve technologies is another challenge, which is adversely affecting the demand for knife gate valves across all regions. Aging global workforce and reduction of the skilled and expert workforce are the major risks for the global knife gate valve market. Further, these factors increase the overall costs to the company. This falling number of skilled labor is likely to hamper the growth of the global knife gate valve market soon.

Advanced knife gate valves such as tech-charging furniture and multi-touch tables are equipped with extremely high cost. Further, the high cost of an advanced knife gate valve is anticipated to limit the growth of the market over the forecast period. Further, economic challenges such as high cost of transportation, raw material price fluctuation, and recession are some of the key challenges which are obstructing the growth of the global knife gate valve market over the forecast period.

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Market Overview

Global consumption for knife gate valves is forecasted to rise 3.1% CAGR through 2020-2025 to 572.1 thousand units by 2025. The drivers of growth will vary by region. Growth in developing areas such as China and India will result from rapid industrialization, investment in water infrastructure and rising electricity generation. In developed areas, continued growth in the oil & gas industries will provide growth in the market. Oil-producing nations such as those in the Middle East will see gains due to rising production. In the US, demand in the oil and gas market will benefit from infrastructure construction and increased production due to the oil shale industry, as well as from the improved economy. Further, knife gate valves are relatively mature products, and design innovation and material developments to encourage the demand for knife gate valves. However, the consumption of knife gate valves or any other industrial valves is determined primarily by the performance of the industries that utilize these valves.

Market Segmentation

With respect to product type, the market is segmented into pneumatic knife gate valve, electric knife gate valve, handwheel knife gate valve, and others, out of which, pneumatic knife gate segment shared approximately 34.1% of the global market in 2019. Pneumatic knife gate valve finds major applications in oil & gas, refining, chemical and other industries owing to their high-pressure rating and clean operation. Further, ongoing industrialization in emerging economies is projected to encourage the consumption of the knife gate valve in the future.

With respect to application, the market is segmented into pulp & paper, mining, food & beverage, power plants, chemical industries, wastewater treatment, steel industry, oil, gas & refining and others, out of which, oil, gas & refining segment is expected to be the most attractive market in the global knife gate valve market over the forecast period. Further, this segment is projected to open new avenues for the market players and to be the most lucrative market over the forecast period. Apart from this, when compared with other segments, the mining segment is anticipated to attain the highest CAGR over the upcoming years i.e. 2020-2025.

In terms of geography, the knife gate valve market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Additionally, the knife gate valve consumption in North America reached 84.7 thousand units in 2019 and is expected to reach at 92.5 thousand units by the end of 2025. The rise in the consumption of knife gate valves in the North America region can be attributed to rapidly growing industries such as the natural gas industry, chemicals, power generation, water management, and mining industries.

The key players profiled in the report are Weir Group, ITT Inc., Velan, Jash Engineering Ltd., T-T Pumps and others. These market players have adopted different business strategies, such as acquisition, product launch, merger, and partnership to stay competitive in the global market. Knife gate valve manufacturers are rapidly expanding their product offering range by adding new products to their portfolio. Companies are launching new products to stay ached in this intense market competition. For instance, Emerson company launched Clarkson SU10R knife gate valve to meet the needs of customers in challenging mid-service mining applications.

By Product Type
- Pneumatic Knife Gate Valve
- Electric Knife Gate Valve
- Handwheel Knife Gate Valve
- Others

By Application
- Pulp & Paper
- Mining
- Food and Beverage
- Power Plants
- Chemical Industries
- Wastewater Treatment
- Steel Industry
- Others

Regional Markets
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of the Middle East & Africa)

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Frequently Asked Questions

What is the market size of knife gate valve market in upcoming?

The global knife gate valve market witnessed a total consumption of 475.1 thousand units in 2019 and is estimated to reach 572.1 thousand units in 2025

what are the scope of the report?

The market research report demonstrates market dynamics including growth drivers, barriers and opportunities and trends spearheading current nature and future status of this market. The report is supplemented with various indicators which are believed to propel the growth of the market during the forecast period.

What is the growth drivers of Knife gate valve Market?

1. Rapid Industrialization is Augmenting the Demand for Industrial Valves
2. Growing Demand for Energy in Emerging Countries
3. Government Initiatives & Municipal Projects
4. much more

What is the Market segmentation of knife gate valve market?

1. By Product Type
2. By Application
3. By Region