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(IT-NEWSWIRE.COM, April 16, 2018 ) Valves are devices that control, direct, and regulate the flow and pressure of gases, liquids, and fluidized solids. Globe valves, gate valves, butterfly valves, ball valves, and safety-relief valves among others are used in various process industries such as oil and gas, chemical, power, refining, water and wastewater, and food and beverage. They can be operated electrically, pneumatically, and hydraulically. Check valves allow gases or liquids to flow through only one direction. The prevention of flow reversal that could damage the system or the equipment is the main purpose of check valves.
Publisher's analysts forecast the global industry check valves market to grow at a CAGR of 4.52% during the period 2017-2021.
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The increasing demand for check valves from the food and beverage sector is one of the key drivers that will stimulate growth in the market from 2017 to 2021. The processing of food involves several grades of steam that prevents contamination. The plant steam is the lowest grade of steam that are used in heat exchangers for hot water generation. This drives the demand for check valves, gate valves, and globe valves in the system.
Key vendors -Curtiss-Wright -Emerson -Flowserve -Schlumberger -The Weir Group
Other prominent vendors -Alfa Laval -AVK Group -Camtech Manufacturing FZCO -CIRCOR Energy -TechnipFMC -GWC -KITZ -Neway Valve
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Market driver -Increase in demand from food and beverage sector
Market challenge -Volatility in raw material prices
Market trend -Investments in water and wastewater treatment
Fundamentals of Table of Content:
PART 01: Executive summary PART 02: Scope of the report PART 03: Market research methodology PART 04: Introduction PART 05: Global construction market PART 06: Market drivers PART 07: Market trends PART 08: Global AEC market PART 09: Market segmentation by product PART 10: Geographical segmentation PART 11: Market challenges PART 12: Impact of drivers and challenges PART 13: Five forces model PART 14: Key vendor analysis PART 15: Key vendor profiles
Complete report is available @ http://www.reportsweb.com/global-industry-check-valves-market-2017-2021
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Rajat Sahni
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Source: EmailWire.Com
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