Demand of Valves in Radioactive Waste Management Industry and Increasing Nuclear Plants Due to Huge Demand for Electricity are the factors expected to drive the Global Diaphragm Valves Market in the forecast period of 2019 to 2026

Drivers: Global Diaphragm Valves Market 

DEMAND OF VALVES IN RADIOACTIVE WASTE MANAGEMENT INDUSTRY Access Full Report at https://databridgemarketresearch.com/reports/global-diaphragm-valves-market/ The radioactive waste needs to be diluted or isolated in such a manner that the concentration or rate of any radionuclide returned to the biosphere is harmless. In order to achieve this, all the radioactive waste needs to be contained and managed in a safe manner. Diaphragm valves are used in different steps and processes for determining, managing and disposing the radioactive wastes with the safe methods.

• For an instance, in April 2018, an announcement was made by Ukraine for improving its waste management system by refinement of radioactive waste management legislation and operating with diverse countries, such as Spain, Sweden, France, and Germany; this helped fueling the growth of diaphragm valves market.

Diaphragm valves are used to provide safety and isolation from containment during chemical processing and disposal of the wastes. Therefore, the demand of valves in radioactive waste management is one of the major factors driving the growth of the global diaphragm valves market. INCREASING NUCLEAR PLANTS DUE TO HUGE DEMAND FOR ELECTRICITY Rising demand for electricity is boosting the establishment of nuclear power plants as it is an environmentally benign idea for the large-scale electricity production. The increasing number of nuclear plants is contributing to the growth of diaphragm valves market as they are used in nuclear power plants for water feed, pollution control, chemical treatment, cooling water, and steam turbine control system. For an instance, there are approximately 450 nuclear power plants operating in 30 countries, with a combined capacity of approximately 400 Gigawatt electrical. These reactors provided around 2,506 billion kilowatt-hours of electricity in the year 2017, which was equivalent to over 10% of the global electricity. Around 50 power plants are under construction in 15 countries, notably India, China, United Arab Emirates, and Russia. Approximately hundreds of diaphragm valves are used to manage flows of steam and water, including start/ stop, reduction/ increment, and regulation of the flow and processing the pressure, in a large nuclear power plant. Therefore, increasing nuclear power plants will boost the growth of global diaphragm valves market. Restraint: LIMITING TEMPERATURES AND PRESSURES The diaphragm valves experience the limitations in operation pressures and temperatures based on the diaphragm material. Typically, these valves can only operate in moderate temperature (-60 to 200 degree F) and pressure (approximately 200psi or 1380 Kilopascal). This factor may restrain the growth of the market as diaphragm valves cannot operate beyond these pressure and temperature range. The maximum body temperature limit for various body materials for diaphragm valves are given in the following chart: Note: The minimum temperature is -10° for each material mentioned and -30° for other metals (Carbon Steel, Stainless Steel, & Copper Alloys). Thus, limited ranges for temperatures and pressures restrain the applicability of diaphragm valves based on their body material. This may hinder the growth of the diaphragm valves. EROSION PROBLEMS The most common issue in diaphragm valves used for slurry services is erosion, which produces the valve damage. These valve damages can be in form of large holes worn in the valve plug or substantial damage in the valve seat. This scenario can take place with any of the liquid fluids which contain a substantial quantity of hard or solid particles, such as small particles of coke with a solid petroleum product. This damage caused by erosion may restrain the growth of the diaphragm valves market as it makes the valve to get rebuilt or replaced at some regular time-span. However, manufacturing defect such as metal casting or porosity may be an initial cause of the hole or the damage but it tends to develop bigger holes in valve components inflicted by the user, such as a small crack in the diaphragm valve body caused by any traumatic event. OPPORTUNITY: GROWING POWER CONSUMPTION IN DEVELOPING COUNTRIES As developing countries in Asia-Pacific region, like China, India, Japan, and South Korea have been dominant countries among the largest energy consuming countries, there is a huge scope of diaphragm valves market to grow. For an instance, there are approximately 450 nuclear power plants operating in 30 countries, including Taiwan and around 50 power plants are under construction in 15 countries, notably India, China, United Arab Emirates, and Russia. For an instance, Asia witnessed the significant increase in energy consumption in 2017 and the China alone was the consumer of 5,683 terawatt-hours of electricity. Japan, India, Indonesia, and South Korea also witnessed the growth in energy consumption. Increasing population, enhanced access to electricity, and GDP growth are leading to the growth in energy demand in the emerging countries of Middle East & Africa, and Southeast Asia. Electric vehicles and energy consuming gadgets are also fuelling the demand of electricity. Expansion of nuclear power plants results into an opportunity for diaphragm valves market as they are used in nuclear power plants for water feed, pollution control, chemical treatment, cooling water, and steam turbine control system. CHALLENGE: MINIMIZATION OF LEAD TIMES In diaphragm valves, minimization of lead times has always been a challenge as almost every major company is attempting onto it to address this challenge. Longer lead-times lead to the challenge for diaphragm valves as it increases the total process time of the fluid handling, cleaning, filling and many other processes. However, several companies have introduced the diaphragm valves with shorter lead times by experimenting with the body material or lining options. For an instance, Crane Co. introduced Glass-lined Saunders Diaphragm Valves, which address the challenge of reduced lead times. But it consequently limited the lining options to the glass only. Minimization of lead times in diaphragm valves is a challenge for the diaphragm valves market which is being addressed by several process equipment firms but the best result is yet to be introduced. Market Trends: Global diaphragm valves market is segmented into eight notable segments which are type, valve type, end connection, controller, material, body material, distribution channel, and end user.

• On the basis of type, the market is segmented into weir and straight. In 2019, weir segment is growing with the market share of 62.3% and is expected to reach USD 4,450.93 million in 2026 from USD 2,522.67 million in 2018 with the highest CAGR of 7.5% in the forecast period of 2019 to 2026.
• On the basis of valve type, the market is segmented into two-way valve, forged T-valve, block T-valve, multi-port valve, tandem valve, forged tank outlet valve, block tank outlet valve, and others. In 2019, two way valve is growing with the market share of 36.7% and is expected to reach USD 2,761.37 million in 2026 from USD 1,472.44 million in 2018 with the highest CAGR of 8.3% in the forecast period of 2019 to 2026.
• On the basis of end connection, the market is segmented into screwed, flanged, socket weld, butt weld, union solvent cement and screwed, tri-clamp, and others. In 2019, flanged is growing with the market share of 30.1% and is expected to reach USD 2,229.61 million in 2026 from USD 1,212.00 million in 2018 with the highest CAGR of 8.0% in the forecast period of 2019 to 2026.
• On the basis of controller, the market is segmented into manual, pneumatic, hydraulic, electric, and others. In 2019, manual is growing with the market share of 33.9% and is expected to reach USD 2,410.98 million in 2026 from USD 1,374.63 million in 2018 with a CAGR of 7.4% in the forecast period of 2019 to 2026.
• On the basis of material, the market is segmented into metal, rubber, fluorine plastic, polytetrafluoroethylene (PTFE), and others. In 2019, metal is growing with the market share of 48.3% and is expected to reach USD 3,485.87 million in 2026 from USD 1,949.63 million in 2018 with the highest CAGR of 7.6% in the forecast period of 2019 to 2026.
• On the basis of body material, the market is segmented into unlined body, rubber lined body, plastic lined body, coated body, solid plastic, and others. In 2019, unlined body segment is growing with the market share of 47.4% and is expected to reach 3,532.26 million in 2026 from USD 1,905.63 million in 2018 with the highest CAGR of 8.1% in the forecast period of 2019 to 2026.
• On the basis of distribution channel, the market is segmented into online channel and offline channel. In 2019, offline channel segment is growing with the market share of 64.1% and is expected to reach 4,536.39 million in 2026 from USD 2,597.01 million in 2018 with the highest CAGR of 7.3% in the forecast period of 2019 to 2026.
• On the basis of end-user, the market is segmented into chemical processing, mining and mineral processing, power generation, water treatment & filtration, electroplating, food & beverage, paints & coatings, semiconductors, pharmaceuticals, pulp & paper, and others. In 2019, water treatment and filtration segment is growing with the market share of 24.6% and is expected to reach 1,790.82 million in 2026 from USD 990.78 million in 2018 with the highest CAGR of 7.8% in the forecast period of 2019 to 2026.

Major Players: Global Diaphragm Valves Market 

Some of the prominent participants operating in this market are Fipnet, GEMU Group, NIPPON DAIYA VALVE, Christian Bürkert GmbH & Co. KG, Century Instrument Company, Dymax Corporation, INTERNATIONAL POLYMER SOLUTIONS, Asahi/America, THE PROTECTOSEAL COMPANY, APLUS FINETEK SENSOR, INC., Crane Co., ITT INC., ALFA LAVAL, Emerson Electric Co., GEA Group Aktiengesellschaft, KSB SE & Co. KGaA, The Weir Group PLC, TVI, Diaphragm Direct, Rotarex among others.