The Global Pinch Tube Valves Market size is expected to grow from USD 2.83 billion in 2020 to USD 3.98 billion by 2028, at a CAGR of 7.2% during the period 2021-2028. The growth is attributed mainly to an increase in demand for disposable pinch tube valves and a growing number of projects undertaken by governments across the globe for infrastructure development such as power plants, highways, and ports which will require large volumes of tubes and pipes globally.
Pinch Tube Valves are valves that have a diameter of 15 mm and are manufactured out of stainless steel. Pinch tube valves can either be disposable or reusable depending on the application for which it is being used. These valves provide an accurate, quick shutoff without any loss in power delivery and they also create less pressure drop than other valve types at flow rates below 40 cubic meters per hour (m³/h). The most common installation point for pinch tube valves is before pumps where the pipes carrying fluids need to be cut off quickly, usually during maintenance work.
On the basis of Type, the market is segmented into Disposable Pinch Tube Valves and others. Disposable Pinch Tube Valves are more commonly used in the industry as it is difficult to find a reliable source of replacement parts for them.
These are the most widely used type of valves in medical care settings. They come with a disposable connector and valve, which eliminates the need to clean or sterilize them after use. In addition, they can be easily disposed of and replaced without compromising infection control procedures.
Disposable Pinch Tube Valves are used for high-pressure applications where there is a significant risk of leakage. Disposable Pinch Tube Valve can be easily cleaned and re-used. It has an adjustable pressure control knob with the help of which the user can regulate the flow rate as per requirement.
The other types include non-disposable pinch tube valves that require cleaning and sanitizing before reusing; high-pressure pinch tube valves for gas services instead of fluids; low profile/low compression pinch tube valves designed for installation under floors, inside cabinets, or behind walls where tight spaces do not allow room for conventional size tubes; buttonhole style tubes with hinged covers that provide a pinch point to suspend the tube; and distributed hydraulic power tubes with multiple valves per line.
On the basis of Application, the market is segmented into the Fluid handle and others. The Fluid Handle application has an estimated share accounted at 39% (in value) by 2028 end due to growing demand from industries such as Automotive, Oil & Gas, Refineries, etc., whereas Other accounts for 61%.
The Pinch Tube Valves are used in the fluid handle where it controls the flow and direction of fluids. The valve is comprised of a flexible pincer that moves to control flow, which can be manually or automatically controlled by an operator. Pinch tube valves have been widely used for controlling liquids, gases and slurries at any given point in time like oil refining plants, chemical processing facilities, etc.
On the basis of Region, the market is segmented into North America, Latin America, Europe, and Asia-Pacific. North America region dominated the global market with nearly 67% of total revenue due largely contributed by US & Canada markets which together make up more than 60% of all sales revenues globally. Europe followed closely behind with 14%. The Asia Pacific was the third-biggest contributor accounting for 13%. Latin American accounted for only about 12%, while ME&A came fifth contributing only around 11 % of the total revenue.
Increasing demand for cost-effective valves and the increasing need for customized requirements in various industries is one of the key factors fuelling growth for the pinch tube valves market. The requirement to reduce operating costs has been a major factor driving companies towards better efficiency and reducing their energy consumption with the help of new technologies such as Pinch Tube Valves. This will lead to higher adoption rates over the forecast period due to an increase in awareness about these benefits among end-users.
However, lack of standardization across different regions would restrain global turnover from growing at an exponential rate during this study's timeframe. Moreover, the high capital investment required by firms could create challenges too. Nonetheless, the rising number of foreign investors interested in expanding operations globally, as well as the increasing need for stringent regulation to meet safety standards, would create opportunities in the near term.
Up Market Research published a new report titled “Pinch Tube Valves Market research report which is segmented by Types (Disposable Pinch Tube Valves, Other), By Applications (Fluid Handle, Other), By Players/Companies Techcon Systems, OK International, GPD Global, Nordson ASYMTEK, Fisnar”.
|Report Attributes||Report Details|
|Report Title||Pinch Tube Valves Market Research Report|
|By Type||Disposable Pinch Tube Valves, Other|
|By Application||Fluid Handle, Other|
|By Companies||Techcon Systems, OK International, GPD Global, Nordson ASYMTEK, Fisnar|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||219|
|Number of Tables & Figures||154|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Disposable Pinch Tube Valves, Other and By Application Fluid Handle, Other.
Some of the companies that are profiled in this report are:
Pinch Tube Valves Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Pinch Tube Valves Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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