The pinch valve market size is projected to reach US$ 905.2 million by 2031 from US$ 643.8 million in 2023. The market is expected to register a CAGR of 4.4% during 2023–2031. The growing development of the oil & gas industry, along with rising government focus on increasing the number of water and wastewater treatment facilities, are acting as major drivers for the growth of the pinch valves market globally.
The booming oil & gas, petrochemical, and chemical sectors have surged the demand for pinch valves, as they play a vital role in managing the flow of liquids in industrial setups. Additionally, the rising number of oil and gas refineries and increasing government initiatives toward the growing number of water and wastewater facilities are boosting the application of pinch valves at the global level. The volume of sewage is rising owing to the population growth. Industries and households generate the majority of wastewater. Globally, every year, approximately 380 billion m3 (cubic meters) of municipal wastewater is produced, surging the need for proper infrastructure development in the sewer & water sector. Thus, the growing population is driving the pinch valve market.
The pinch valve market is categorized into type, end user, and geography. Based on type, the market is segmented into manual, pneumatic, hydraulic, and electric. Based on end user, the market is classified into food and beverages, oil and gas, chemical and petrochemical, water and wastewater, and others. The growing number of oil and gas plants, along with an increasing focus on proper sewage and drainage facilities to main proper hygiene, is a key factor boosting the application of pinch valves. The growing importance of water and wastewater treatment facilities to maintain environmental hygiene and the rising development of smart cities are also anticipated to propel the growth of the pinch valve market during the forecast period.
Governments of various countries are emphasizing installing proper wastewater and sewage treatment facilities to protect the environment from pollution. For instance, in 2024, the Ranchi Municipal Corporation initiated a pipeline laying project under its sewage management system across nine wards. The project involves joining household septic tanks to the sewer lines. In addition, in 2023, Cambi signed an agreement focusing on the Woodman Point Water Resource Recovery Facility in Perth and Western Australia. Moreover, there is a surge in energy demand due to the growing global population. With the increasing energy uncertainties, governments of several countries are boosting the application of natural gas. As a result, oil and gas exploration activities are growing across the globe. Thus, rising government focus on increasing the number of water and wastewater treatment facilities and growing development in the oil and gas sector are major drivers for the pinch valve market.
Adequate water supply and proper sanitation are a few necessities of the advanced sewer drainage and wastewater management infrastructure. Developing new infrastructures such as universities, schools, commercial offices, and housing in the rural parts of any country is anticipated to offer major opportunities for the application of pinch valves during the forecast period.
Key segments that contributed to the derivation of the pinch valve market analysis are type and end user.
The geographic scope of the pinch valve market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America.
Asia Pacific dominated the pinch valve market in 2023. The Asia Pacific pinch valve market is segmented into China, Australia, India, Japan, and South Korea. Surging developments in technologies such as smart pinch valves in the food & beverages, chemical, and water and wastewater management sectors are acting as major drivers for the pinch valve market. The growing population and urbanization also drive the pinch valve market in Asia Pacific.
The regional trends and factors influencing the Pinch Valve Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Pinch Valve Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 643.8 Million |
Market Size by 2031 | US$ 905.2 Million |
Global CAGR (2023 - 2031) | 4.4% |
Historical Data | 2021-2022 |
Forecast period | 2023-2031 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
The Pinch Valve Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Pinch Valve Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The pinch valve market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of developments in the pinch valve market are listed below:
The “Pinch Valve Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
The pinch valve market is expected to register a CAGR of 4.4% during 2023–2031
The pinch valve market size is projected to reach US$ 905.2 million by 2031
Governments of various countries are emphasizing installing proper wastewater and sewage treatment facilities to protect the environment from pollution. Rising infrastructure development is anticipated to remain a key driver for pinch valve market growth.
Asia Pacific dominated the pinch valve market in 2023.