Piston Valves Market Size, Share, Opportunities, And Trends By Mechanism (Manual, Electric, Hydraulic), By Piston Design (Regulating Type, Normal Type), By Arrangement (Single Actuating, Double Actuation), By Material (Stainless Steel, Bronze, Aluminium), By End-User (Industrial, Chemical, Power & Energy, Water Treatment, Others), And By Geography - Forecasts From 2023 To 2028

The global piston valves market is expected to grow at a CAGR of 5.9% during the forecast period.

A piston valve is a mechanism that regulates fluid flow within a tube or pipe using a piston's back-and-forth movement inside a chamber or cylinder. It enables precise control of fluid motion along the pipeline. Piston valves find applications across various industries, including industrial, chemical, power and energy, water treatment, and others. These valves are categorized based on their operating mechanisms, which include manual, electrical, and hydraulic. The growth of sectors such as oil & gas and water treatment has emerged as a significant catalyst driving the expansion of the piston valve market size.

Rise in oil & gas bolster the piston valve market growth.

Piston valves are gaining traction in the oil and gas industries due to their ability to provide superior control and regulation of fluid and gas flows. These valves are highly regarded for their precise control, minimal leakage, and energy-efficient performance. As a result, they have become an appealing option for industries seeking to optimize their energy usage while maintaining optimal operational efficiency. According to the Energy Information Administration, the United States crude oil production underwent a noteworthy surge between 2020 and 2023. In 2020, the daily production stood at 9717 thousand barrels, but by 2023, it experienced a substantial increase to 12717 thousand barrels per day.

Emerging water treatment plants drive the knife gate valve market expansion.

Piston enables control, minimal leakage, and the ability to handle high-pressure conditions owing to which they are highly sought after in water treatment applications. Their use ensures optimal performance, accurate flow regulation, and reduced energy consumption, making them an essential component in the efficient operation of water treatment plants. According to the International Trade Administration, in April 2023, China announced its ambitious plans to construct or renovate approximately 80,000 km of sewage collection pipeline networks in the upcoming years. This strategic initiative is aimed at addressing the sewage infrastructure needs of 2nd and 3rd-tier cities, including the construction of wastewater treatment facilities.

Growing emphasis on power & energy propels piston valve industry growth.

Renewable energy facilities rely on piston valves for efficient control of steam, gas, and other fluids within their systems. These valves are essential for regulating flow, pressure, and temperature in critical processes such as power generation, steam distribution, and turbine control. Due to increasing adaption towards clean energy is increasing renewable energy is experiencing growth. According to the International Energy Agency, renewable energy generation experienced substantial growth, with global output reaching 175 TWH in 2020. Demonstrating a remarkable 12% year-on-year increase, this upward trajectory continued as renewable energy generation surged to 275 TWH in 2021.

Asia-Pacific is anticipated to dominate the piston valve market.

Asia-Pacific is estimated to constitute a significant share in the market owing to the rapid infrastructural development, and growing energy demands which have fuelled the demand for efficient valve solutions. Key economies namely China, India, and Japan have witnessed significant investments in oil and gas, power generation, and chemicals, where piston valves play a vital role. According to the Ministry of Natural Resources, from May 1, 2020, foreign companies registered in China having minimum net asset value of 300 million yuan are now eligible to actively engage in oil and gas exploration and production activities. Also, in 2021, India introduced the Mission Innovation CleanTech Exchange, a global initiative aimed at expediting clean energy innovation.

High initial costs restrain the piston valve market growth.

Piston valves due to their complex design, meticulous manufacturing processes, and the utilization of high-quality materials tend to have a higher price compared to other valve types. Additionally, the need for specialized manufacturing techniques and the incorporation of durable materials contribute to the overall expense. As a result, industries that operate on tight budgets or prioritize cost-effectiveness may hesitate to widely adopt piston valves and instead explore alternative valve options that offer a more affordable solution. For instance, knife gate valves are available at an affordable price of Rs 1250 per piece, while piston valves are priced at Rs 8000 per piece, offering a higher value proposition.

Key Developments

• April 2023: KLINGER Brazil and KLINGER Argentina joined forces to successfully deliver a crucial collaboration in South America, focusing on CO2 purification and liquefaction. The project demanded exceptional reliability and stringent levels of tightness, highlighting the expertise and capabilities of both teams. Through their combined efforts, KLINGER provided high-quality piston valves that ensured the smooth and efficient operation of the CO2 purification and liquefaction process, contributing to the overall success of the delicate project.
• February 2023: SPR Engenious, a subsidiary of Shriram Pistons, acquired a majority stake of 75% in Takahata Precision. This strategic move will enable Shriram Pistons to enhance its ability to cater to the needs of both domestic and global customers seeking precision molded parts for automotive and industrial applications
• September 2022: Caleffi, a renowned industry player, has recently expanded its product range by introducing the True Piston Valve series, enhancing its Pressure Reducing Valve (PRV) offerings. This new series features advanced piston valve technology, providing superior performance and functionality. With this expansion, Caleffi aims to provide customers with a wider selection of high-quality PRVs that leverage the benefits of the innovative true piston valve design.

Company Products

• PV-16 Piston Valves: Ayvaz, a leading provider of valve solutions, offers PV-16 piston valves. These valves are designed with a double sealing area, ensuring a simple and reliable sealing mechanism. This innovative design helps prevent vibration and turbulence within the valve, thereby positively influencing the flow characteristics of the fluid. The PV-16 piston valves by Ayvaz provide a reliable solution that enhances operational stability and ensures optimal fluid control and efficiency.
• Needle valve Özkan: Hawle, a trusted provider, offers the Özkan Needle Valve, an exceptional valve solution designed for precise flow control and regulation applications. This valve, also known as a piston valve, is specifically engineered to mitigate potential damages that may occur in fluid systems. By employing a needle valve, operators can effectively regulate and control the flow rate, avoiding issues such as excessive pressure, fluid turbulence, and damage to downstream components.

Piston Valves Market Scope:

Segmentation

• By Mechanism
  • Manual
  • Electric
  • Hydraulic
• By Piston Design
  • Regulating Type
  • Normal Type
• By Arrangement
  • Single Actuating
  • Double Actuation
• By Material
  • Stainless Steel
  • Bronze
  • Aluminium
• By End User
  • Industrial
  • Chemical
  • Power & Energy
  • Water Treatment
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Other