Report : Europe Water Treatment Industry Valves Market Forecast to 2030 - Regional Analysis - by Valve Type (Ball Valves, Butterfly Valves, Diaphragm Valves, Safety Valves, Check Valves, Gate Valves, and Others) and Material Type (Steel Alloys, Stainless Steel, Cast Iron, and Others)
At 5.4% CAGR, Europe Water Treatment Industry Valves Market is Projected to be Worth US$ 4,445.22 Million by 2030, says Business Market Insights
According to Business Market Insights' research, the Europe water treatment industry valves market was valued at US$ 2,928.40 million in 2022 and is expected to reach US$ 4,445.22 million by 2030, registering a CAGR of 5.4% from 2022 to 2030. Rapid urbanization and rise in investments in water treatment plants are among the critical factors attributed to drive the Europe water treatment industry valves market growth.
In urban and rural areas, there is an increased demand for wastewater and water treatment plants; hence, several governments across the globe have started investing extensively in water treatment plants. In March 2023, the government of North Macedonia and the European Investment Bank have agreed to an approximately US$ 75 million (70 million) EU investment grant for the construction of a wastewater treatment plant in Skopje. This environmental initiative, which is a component of the Western Balkans Green Agenda and the Economic and Investment Plan of the European Commission, will improve living conditions for almost 500,000 people. Apart from government funding, several energy and water treatment companies across the globe are investing in the construction of water treatment facilities. In October 2023, Hydro invested in a new water treatment plant at the Schwandorf heritage site in Germany. Also, in September 2022, BIPSO commissioned its cutting-edge wastewater treatment plant at its Singen site. The company invested US$ 1.5 million in the development of this factory. BIPSO's wastewater treatment plant is an investment in cutting-edge technology for treating industrial wastewater. The plant is used to collect cleaning water during the sterile manufacturing of contrast media in the pharmaceutical business. Thus, the rise in investments in water treatment plants will directly lead new water treatment projects ultimately driving the demand of the water treatment industry valves market.
On the contrary, less efficiency in humid environment and high maintenance cost hampers the growth of Europe water treatment industry valves market.
Based on valve type, the Europe water treatment industry valves market is segmented into ball valves, butterfly valves, diaphragm valves, safety valves, check valves, gate valves, and others. The ball valves segment held 26.3% market share in 2022, amassing US$ 769.10 million. It is projected to garner US$ 1,131.15 million by 2030 to register 4.9% CAGR during 2022-2030.
In terms of material type, the Europe water treatment industry valves market is segmented into steel alloys, stainless steel, cast iron, and others. The stainless-steel segment held 39.8% share of Europe water treatment industry valves market in 2022, amassing US$ 1,165.12 million. It is anticipated to garner US$ 1,909.37 million by 2030 to expand at 6.4% CAGR during 2022-2030.
By country, the Europe water treatment industry valves market is categorized into Germany, Spain, and the Rest of Europe. Our regional analysis states that the Rest of Europe captured 66.6% share of Europe water treatment industry valves market in 2022. It was assessed at US$ 1,951.54 million in 2022 and is likely to hit US$ 3,023.20 million by 2030, registering a CAGR of 5.6% during 2022-2030.
Key players operating in the Europe water treatment industry valves market are Alfa Laval AB, Flowserve Corp, Valco Group, Spirax Sarco Engineering Plc, Dutch Valve Vision BV, Velan Inc, KITZ Corp, and Emerson Electric Co, among others.
- In April 2021, rapidly expanding refrigeration and air conditioning wholesaler, TF Solutions, is stocking Mitsubishi Electric products in all its branches. These products include e-series chillers, heat pumps, air handling units etc.
- In September 2021, Innovative air conditioning solution from Carrier Global Corporation is helping to ensure comfort and optimal ventilation in the historic Raphael Rooms. Company has installed energy-efficient Carrier AquaSnap 30RQV chillers in a location which is unnoticeable to the visitors.
- In April 2023, KITZ Corp finished construction of a new factory facility at the Nitta SC factory. The plant facility houses automated production capabilities, allowing the corporation to boost production capacity for the semiconductor manufacturing equipment industry.
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