Knife Gate Valves Market Size, Share, Opportunities, And Trends By Type (Conventional Knife Gate Valve, Through Gate Valve, Lined Knife Gate Valve, Others), By Material (Stainless Steel, Aluminium, Bronze), By Seating Type (Uni-Directional, Bi-Directional), By End-User (Industrial, Chemical, Mining, Water Treatment, Others), And By Geography - Forecasts From 2023 To 2028
- Published : Jul 2023
- Report Code : KSI061615668
- Pages : 144
The global knife gate valves market was valued at US$910.234 million in 2021 and is projected to expand at a CAGR of 7.04% over the forecast period to reach US$1,465.11 million by 2028.
A knife gate valve is a specialized device designed to effectively remove blockages caused by viscous fluids by employing a sharp-edged blade to cleanly slice through the obstructions. The knife gate valve market serves various end users, including industrial, chemical, mining, water treatment, and other sectors. These industries rely on knife gate valves for efficient fluid control and isolation in their processes. The growth of sectors such as wastewater management and mining has emerged as a significant catalyst driving the expansion of the knife gate valve market size
Increasing wastewater treatment plant establishment bolsters knife gate valve market growth.
Knife gate valves are used for controlling the flow and handling of various types of waste, including heavy liquids and sludge. Their ability to handle high-viscosity fluids and cut through clogging makes them essential components in waste treatment plants. The growing environmental concerns and sustainable practices have propelled wastewater treatment practices.
According to the Organization for Economic Cooperation and Development (OECD), the sewage treatment connection rates in Hungary experienced a significant improvement between 2020 and 2021 with 97.926% of population benefiting from sewage treatment services.
Increasing oil production drives the knife gate valve market expansion.
Knife gate valves offer crucial functionality in regulating the flow of oil and preventing leaks or disruptions in pipelines and storage facilities. Their robust construction, ability to handle high-pressure applications, and reliable shut-off capabilities make them essential components in the oil production industry. Growing global energy demand, exploration of new oil reserves, technological advancements in extraction techniques, and geopolitical factors have increased oil production. According to the U.S. Energy Information Administration, Global liquid fuels production increased from 95.69 million barrels per day in 2021 to 101.37 million barrels per day in 2023. Furthermore, it is estimated to rise to 102.69 million barrels per day by 2024.
Chemical production surge accelerates knife gate valve market expansion
The chemical industry heavily relies on knife gate valves for efficient and reliable flow control of various corrosive and abrasive fluids. These valves are specifically designed to handle challenging chemical applications, offering tight shut-off and excellent corrosion resistance. the chemical sector is expanding due to factors such as industrialization, population growth, and increasing demand for chemicals in various applications ranging from manufacturing to healthcare, further fuelling the need for knife gate valves. As per the India Brand Equity Foundation, In November 2022, chemical production in India reached 905,379 metric tons, while petrochemical production experienced a significant surge, reaching 1,593,039 metric tons. These significant production figures indicate the robust growth and scale of the chemical and petrochemical sectors in India.
North America is anticipated to dominate the knife gate valve market.
North America is projected to account for a major share of the knife gate valve market owing to the bolstering growth in oil and gas, chemical, and water treatment sectors in the region which is driving knife gate valve demand. According to the Energy Information Administration, in 2022, the United States experienced a notable increase in its crude oil production, with a growth rate of 5.6%. Additionally, in June 2023, both Canada and British Columbia made a joint investment aimed at enhancing the wastewater treatment infrastructure in various communities across British Columbia. This significant investment will primarily focus on upgrading the existing infrastructure to support the separation of combined sewers.
Technological advancements restrain the knife valve market growth.
The knife gate valve market faces potential growth constraints due to the continuous advancements in valve technology and the introduction of alternative valve types. For instance, the ongoing development of high-performance butterfly valves and ball valves with superior sealing capabilities presents viable alternatives to knife gate valves, particularly in specific applications. These innovative valve options provide enhanced performance, increased efficiency, and improved reliability, making them increasingly attractive options compared to traditional knife gate valves.
- February 2023: VAG Group, a prominent company in the valve and water control systems industry, expanded its presence in Brazil through the acquisition of FKB Equipamentos Industriais Ltda. VAG Group has not only strengthened its presence in the important Brazilian market but has also expanded its portfolio and capabilities in the realm of customized penstocks and knife gate valves.
- January 2022: ORBINOX unveiled a state-of-the-art high-pressure model bi-directional knife gate valve, meticulously crafted to address the requirements of industrial and water treatment applications. This cutting-edge valve has been specifically tailored to excel in water treatment processes and meet the demands of general industrial operations that necessitate outstanding performance and reliability in high-pressure environments. With its advanced design and engineering, the newly introduced valve serves as an ideal solution, delivering exceptional functionality and durability to effectively meet the diverse needs of these critical sectors
- April 2021: DeZURIK introduced the KGC-MC Metal Cutting Cast Stainless Steel Knife Gate Valve, a cutting-edge valve designed to offer exceptional durability in applications that demand superior shearing capabilities. This valve is specifically engineered for use in industries such as Pulp and Paper, particularly in applications involving the handling of Recycle and Rejects Cyclones.
- Unidirectional Knife Gate Valve: The Unidirectional Knife Gate Valve offered by CMO valves is designed to deliver excellent flow rates while maintaining low-pressure drop. It offers versatility with a range of seat and packing materials to choose from. The face-to-face dimension of the valve is under CMO Valves' standard specifications. To facilitate easy installation and operation, the valve body is marked with an arrow indicating the flow direction. This particular knife gate valve is specifically suitable for liquid applications that contain a maximum of 5% suspended solids.
- AVK KNIFE GATE VALVE, PN10: AVK Group offers the AVK Knife Gate Valve, PN10 variant, which comes with various options for ease of operation. These options include a lever, non-rising stem, handwheel, rising stem and handwheel, pneumatic actuator, ISO top flange for the actuator, or the option to be fully equipped with an electric actuator.
Knife Gate Valves Market Scope:
|Market Size Value in 2021||US$910.234 million|
|Market Size Value in 2028||US$1,465.11 million|
|Growth Rate||CAGR of 7.04% from 2021 to 2028|
|Forecast Period||2023 – 2028|
|Forecast Unit (Value)||USD Million|
|Segments Covered||Type, Material, Seating Type, End-User, and Geography|
|Regions Covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies Covered||CMO Valves, AVK Group, Avyaz, FCA Valves, Hawle Austria Group, Orbinox Group, Bray International, Emerson Electric Co|
|Customization Scope||Free report customization with purchase|
- By Type
- Conventional Knife Gate Valve
- Through Gate Valve
- Lined Knife Gate Valve
- By Material
- Stainless Steel
- By Seating Type
- By End-User
- Water Treatment
- By Geography
- North America
- South America
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
Frequently Asked Questions (FAQs)
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. KNIFE GATE VALVES MARKET ANALYSIS, BY TYPE
5.2. Conventional Knife Gate Valve
5.3. Through Gate Valve
5.4. Lined Knife Gate Valve
6. KNIFE GATE VALVES MARKET ANALYSIS, BY MATERIAL
6.2. Stainless Steel
7. KNIFE GATE VALVES MARKET ANALYSIS, BY SEATING TYPE
8. KNIFE GATE VALVES MARKET ANALYSIS, BY END-USER
8.5. Water Treatment
9. KNIFE GATE VALVES ANALYSIS, BY GEOGRAPHY
9.2. North America
9.3. South America
9.5. Middle East and Africa
9.5.1. Saudi Arabia
9.6. Asia Pacific
9.6.3. South Korea
10. COMPETITIVE ENVIRONMENT AND ANALYSIS
10.1. Major Players and Strategy Analysis
10.2. Emerging Players and Market Lucrativeness
10.3. Mergers, Acquisitions, Agreements, and Collaborations
10.4. Vendor Competitiveness Matrix
11. COMPANY PROFILES
11.1. CMO Valves
11.2. AVK Group
11.4. FCA Valves
11.5. Hawle Austria Group
11.6. Orbinox Group
11.7. Bray International
11.8. Emerson Electric Co
11.9. Velan Inc
11.10. Trueline Valve Corporation
Hawle Austria Group
Emerson Electric Co
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