According to a recent report published by Allied Market Research, titled, “ — One-Way Valves Market by Type, Application, Sales Type and Region: Global Opportunity Analysis and Industry Forecast, 2021–2028,” the one-way valves market size accounted for $3.6 billion in 2020 and is expected to reach $5.2 billion by 2028, registering a CAGR of 5.1% from 2021 to 2028.
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One-way valves are the valves that restrict the flow of fluid in only one direction. It further restricts the reversible flow of the fluid by closing the inlet or outlet physically. These types of valves are generally installed in oil & gas, chemical, and water & wastewater industries to restrict the reverse flow of fluids. These valves are also known as check valves or non-returning valves. In 2020, the Asia-Pacific region dominated the one-way valves market, followed by the North American region.
The one-way valve market is majorly driven by the use of one-way valves in water and wastewater treatment plants for treatment of municipal as well as industrial waste water. There has been growing awareness all around the globe on treatment of wastewater and recycling it. This further leads to installation of one-way valves in the treatment plants. In addition, expansion of industrial sector in emerging countries has led to increase in demand for one-way valves.
North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Spain, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Key Market Players
AVK Holding A/S, DHV Industries, Emerson Electric Co., Flowserve Corporation, PetrolValves, Schlumberger Limited, SPX FLOW, Inc., The Weir Group PLC, Valvitalia SpA, and Velan Inc.
Key Market Segments
Oil & gas
Water & Wastewater
By Sales Type
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