Diaphragm Valve Market to Reach $541,044.7 Thousand by 2032 at 5.6% CAGR: Allied Market Research

Major players in the diaphragm valve industry have focused on business expansion and product launch strategies to gain the maximum share in the market. This further results in consolidation of the diaphragm valve market

PORTLAND, Ore., April 15, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Diaphragm Valve Market by Product Type (Weir and Straightway), Material (Cast Iron, Steel, Alloy-based, and Others), and End User (Oil & Power, Water & Wastewater, Chemical, Food & Beverage, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032." According to the report, the diaphragm valve market was valued at $312,434.6 thousand in 2022, and is projected to reach $541,044.7 thousand by 2032, registering a CAGR of 5.6% from 2023 to 2032.

Prime determinants of growth

The increasing adoption of diaphragm valve across industries, including pharmaceuticals, biotechnology, water treatment, and chemical processing drives the market growth. These valves offer effective control over flow while maintaining sterility, making them indispensable in such industries.

Request PDF Sample Copy @ https://www.alliedmarketresearch.com/request-sample/A15145

Report coverage & details:

The weir segment dominated the market in 2022, and the straightway segment is expected to grow at a significant CAGR during the forecast period.

By product type, the market is categorized into weir and straightway. The weir segment accounted for a higher market share in 2022, accounting for more than half of the market revenue. Rapid industrialization and infrastructure development in emerging markets create new opportunities for valve manufacturers. Diaphragm valves are preferred for their versatility, adaptability to diverse applications, and compatibility with different fluid types, thus driving their adoption in emerging economies.

 Buy This Research Report (188 Pages PDF with Insights, Charts, Tables, Figures) @ https://www.alliedmarketresearch.com/checkout-final/c521d232cb691ac7bf21c2aa0d6da1f3

The steel segment dominated the market in 2022, and alloy-based segment is expected to grow at a significant CAGR during the forecast period.

Depending on material, the diaphragm valve market is categorized into cast iron, steel, alloy-based, and others. The steel segment accounted for more than two-fifths of the market revenue. In industries such as food & beverage, pharmaceuticals, and biotechnology, maintaining hygiene and sterility is paramount. Diaphragm valves, with their smooth, crevice-free design, and ability to be cleaned and sterilized easily, are essential for ensuring product quality and safety, thereby fueling their growth.

The oil & power segment dominated the market in 2022. The food & beverage segment is expected to grow at a significant CAGR during the forecast period.

By end user, the diaphragm valve market is divided into oil & power, water & wastewater, chemical, food & beverage, and others. The oil & power segment accounted for more than one-third market share in terms of revenue in 2022. Increasing awareness of environmental sustainability and the need for eco-friendly processes drive the demand for valves that minimize emissions, waste, and energy consumption. Diaphragm valves, with their ability to provide tight shut-off, prevent leaks, and reduce fugitive emissions, align with these environmental objectives, contributing to their growth.

The Asia-Pacific dominates the market share in terms of revenue in 2022

The diaphragm valve market is analyzed across North America, Europe, Asia-Pacific, Latin America, and MEA. In 2022, Asia-Pacific accounted for more than one-third of the market share, and it is expected to grow at a significant CAGR throughout the forecast period. China holds the maximum share in the diaphragm valve industry in the Asia-Pacific region. Industries in APAC continually seek to improve process efficiency, reduce downtime, and minimize maintenance requirements. Diaphragm valves, with their simple design, low maintenance needs, and ability to handle a wide range of fluids, contribute to enhancing process efficiency and reducing operational costs.

Inquire Before Buying @ https://www.alliedmarketresearch.com/purchase-enquiry/A15145

Leading Market Players: -

• Metso Corporation,
• Mival S.p.A
• Bray International Inc
• Parker-Hannifin Corporation
• Arita Valves Manufacturing Co., Ltd
• Velan Inc.
• Flowserve Corporation
• SchuF GmbH
• Nihon Kogyo Co., Ltd.
• Samson AG.

The report provides a detailed analysis of these key players in the diaphragm valve market. These players have adopted different strategies such as new product launches, expansion, and acquisitions to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Trending Reports in valve Industry (Book Now with 15% Discount): 

Water And Wastewater Valve Market - https://www.alliedmarketresearch.com/water-and-wastewater-valve-market-A31338

Industrial Valves Market - https://www.alliedmarketresearch.com/industrial-valves-market

Control Valve Market - https://www.alliedmarketresearch.com/control-valve-market

Pressure Reducing Valve Market - https://www.alliedmarketresearch.com/pressure-reducing-valve-market

Explosion Proof Solenoid Valves Market - https://www.alliedmarketresearch.com/explosion-proof-solenoid-valves-market

Continuous Aerosol Valve Market - https://www.alliedmarketresearch.com/continuous-aerosol-valve-market

Solenoid Valves Market - https://www.alliedmarketresearch.com/solenoid-valves-market-A16061

About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

 We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:

United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
[email protected]
Follow Us on | Facebook | LinkedIn | YouTube
Read More: https://medium.com/me/stories/public

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg

SOURCE Allied Market Research