USD 546.11 Million Growth in Sanitary Valves Market |17,000+ Technavio Reports

Dec 13, 2021, 06:30 ET

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NEW YORK, Dec. 13, 2021 /PRNewswire/ -- The sanitary valves market size will grow by USD 546.11 million from 2020 to 2025, as per the latest market analysis report from Technavio. The report also identifies the market to witness an accelerating growth momentum at a CAGR of 5.02% during this period. This market outlook report also offers the impact analysis of various factors driving and challenging the market along with competitive benchmarking of vendors.

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Sanitary Valves Market 2020-2025: Vendor Analysis

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Many players are launching innovative products pertaining to the evolving needs of the consumers. Vendors in the market are continuously focusing on introducing smart valves with valve positioner technology. Companies in the sanitary valve market such as Forbes Marshall are offering smart positioners that can monitor and record data for online diagnostics.

Key companies covered with their offerings:

Some other market participants are:

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Sanitary Valves Market 2020-2025: Drivers and Challenges

The rising use of sanitary valves in food and beverages and pharmaceutical industry is notably driving the sanitary valves market growth. There has been an increase in the deployment of sanitary valves as an integral component in fluid handling systems mainly due to rising need for maintaining a sanitized and hygienic environment in pharmaceutical industries. Furthermore, the surging population in emerging economies including India and China is likely to proliferate the food and beverage industry, which, in turn, will further fuel the overall sanitary valves market growth positively during the forecast period. In addition, other factors including surging improvement in valve actuators and increasing implementation of stringent regulations in end-user industries will further fuel the market's growth during the forecast period.

The fluctuations in raw material prices may impede market growth. In addition, other factors including the challenge of counterfeit and fraudulent valves and high competitiveness in the valves market will also hinder the overall market growth during the next few years.

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Sanitary Valves Market 2020-2025: Segmentation Analysis

The control valves segment held the largest sanitary valves market share in 2020 and will continue to account for the highest share during the forecast period. Control valves are used for a wide range of sanitary applications in the pharmaceutical, biotech, food and beverages, cosmetic, and dairy industries. Control valves are effective in hydraulic control applications that involve pressure, force, and positional control. In addition, they have gained significant popularity among many industries such as food and beverages, medical, pharmaceutical, cement, and wastewater treatment.

The pharmaceutical segment held the largest market share in 2020 and will continue to dominate the market during the forecast period. Rising need for maintaining a sanitized environment in the pharmaceutical industries is likely to influence the market's growth during the forecast period.

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APAC was the largest revenue-generating regional segment of the sanitary valves market. The region is anticipated to account for 56% of the market's growth during the forecast period. The growth of this region can be attributed to the rapid growth of the food and beverages and pharmaceutical industries in emerging economies will facilitate the sanitary valves market growth in APAC. China, India, and Japan are the key markets for sanitary valves in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

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Sanitary Valves Market 2020-2025: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our sanitary valves market report covers the following areas:

Sanitary Valves Market 2020-2025: Key Highlights

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Sanitary Valves Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.02%

Market growth 2021-2025

USD 546.11 million

Market structure

Fragmented

YoY growth (%)

2.53

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 56%

Key consumer countries

China, US, Germany, India, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Adamant Valves, Alfa Laval AB, Cashco Inc., Emerson Electric Co., GEA Group AG, Habonim Industrial Valves and Actuators Ltd., ITT Inc., KRONES AG, SPX FLOW Inc., and The Dixon Group Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com/

SOURCE Technavio