New Pinch Valve Market Research Report by Technavio Includes Post COVID-19 Analysis and Market Forecast for New Normal

LONDON--(BUSINESS WIRE)--The new pinch valve market research report from Technavio indicates neutral growth in the short term as the business impact of COVID-19 spreads.

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"One of the primary growth drivers for this market is the increasing demand for pinch valves from the water and wastewater treatment industry”, says a senior analyst for Industrials at Technavio. As the markets recover Technavio expects the pinch valve market size to grow by USD 111.62 million during the period 2020-2024.

Pinch Valve Market Segment Highlights for 2020

• The pinch valve market is expected to post a year-over-year growth rate of 3.17%.
• Based on the end-user, the food and beverage industry segment led the market in 2019. The growth of the segment can be attributed to the presence of stringent food regulations, which is increasing the demand for pinch valves to reduce contamination in the F&B industry.
• The market growth in the segment will be significant during the forecast period.

Regional Analysis

• 39% of the growth will originate from the APAC region.
• Factors such as rising activities of petrochemical plants and refinery advancements, the emergence of new power plants, and the installation of new water treatment plants are fostering the growth of the market in APAC.
• China, Japan, and India are the key markets for pinch valve market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

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Notes:

• The pinch valve market size is expected to accelerate at a CAGR of over 4% during the forecast period.
• The pinch valve market is segmented End-user (Food and beverage industry, Healthcare industry, Water and wastewater industry, Chemical industry, and Other industry), Geography (APAC, Europe, North America, South America, and MEA), and Type (Manual pinch valve, Pneumatic pinch valve, Hydraulic pinch valve, and Electric pinch valve).
• The market is fragmented due to the presence of many established vendors holding significant market share.
• The research report offers information on several market vendors, including AKO Armaturen & Separationstechnik GmbH, CKD Corp., EBRO ARMATUREN Gebr. Broer GmbH, Festo SE & Co. KG, Flowrox Oy, Hillenbrand Inc., ROSS Group, Takasago Electric Inc., The Weir Group Plc, and WAMGROUP Spa

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