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Global Air Release Valves Market Expected to Reach USD 2,025.4 Million by 2027


Global Air Release V

iCrowdNewswire   Jan 12, 2021  10:00 AM ET

56_Global Air Release Valves Market Summary

According to a recent market study published by Growth Market Reports (GMR), titled, “Global Air Release Valves Market by Type, Application, Sales Channel, and Region: Size, Share, Trends and Opportunity Analysis, 2017-2027”, the market was valued at USD 1,173.1 million in 2019 and is expected to grow at a healthy growth rate of 7.7% by the year 2027. In terms of volume, the market is estimated to grow at 7.2% during the forecast period. The global air release valves market is anticipated to grow owing to the increasing need for air release valves for wastewater and water treatment plants. Moreover, little or no maintenance associated with air release valves is contributing to the increased adoption of air release valves across the globe.

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The global air release valves market is fragmented based on type, application, sales channel, and region. Based on type, the air release valves market is categorized into heating/air bleeder valve type and rapid venting type. Based on applications, the global air release valves market has been categorized into irrigation, water treatment, building & fire protection system, and others. In terms of sales channels, the global air release valves market has been segregated into dealers/distributors, independent retailers, online platforms, and others. Based on the region, the global air release valves 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 the U.S., and Canada. The Latin America region is further segmented into Brazil, Mexico, and the Rest of Latin America, the Asia Pacific is further segmented into, India, China, South Korea, Australia, Japan, and Rest of Asia Pacific. The Europe region is further categorized into the U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe, and the MEA region is further divided Saudi Arabia, South Africa, UAE, and Rest of Middle East & Africa (MEA).

In year 2020, the air release valves market is expected to witness the slow growth due to COVID 19 pandemic. Recent outbreak of Covid-19 has had a major impact on various industries such as chemical, mining, water and wastewater industry. The Covid-19 pandemic has had a rapid and serious impact on the global supply chain of air release valves and its manufacturing, which has increased the risk of shortages. The leading manufacturers and exporters of raw materials in the market are facing several issues such as the decrease in supply of raw materials and export of goods due to the lack of transportation facilities. Moreover, slowdown in the production of air release supply valves and retardation in trade for raw materials have given rise to supply chain disruption within the market.

As per GMR industry analyst Partha Paul, “The Global Air Release Valves Market is anticipated to witness significant growth during forecast period 2021-2027 driven by the high demand for air release valves due to increasing number of water treatment plants across the globe. Moreover, air release valves are used to minimize several accidents that may cause due to sudden release of high-pressured air through a busted pipeline, and hence it is adopted across various industries to prevent the operators and surroundings from damage. Additionally, rare requirements of maintenance for the air release valves is fueling the adoption, thereby spurring the growth of global air release valves market.

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Key Takeaways from the Study:

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Report Scope:

Report Metric

Details

Market Value in 2019

USD 1,173.1 million

Market Growth Rate (from 2021 to 2027)

7.7%

Historical Data

2017 & 2018

Base Year

2019

Forecast Period

2020 – 2027

Units Considered

Value (USD Million) & Volume (‘000 Units)

Market Segments

By Type, By Application, By Sales Channel

Regional Scope

North America, Europe, Latin America, Asia Pacific, Middle East & Africa (MEA)

Country Scope

U.S., Canada, Brazil, Mexico, Rest of Latin America, India, China, Japan, South Korea, Australia, Rest of Asia Pacific, U.K., France, Germany, Italy, Spain, Russia, Rest of Europe, Saudi Arabia, South Africa, UAE, and Rest of MEA.

Key Companies Profiled

Flomatic Corporation, E. Hawle Armaturenwerke GmbH, AVK Holding A/S, Val-Matic Valve & Mfg. Corporation, Braeco, Bermad Water Technologies, RF Valves, Cla-Val, Tecofi, VAG GmbH

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience:

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