Diverter
valve is a processing valve, designed to direct flow from a cove to one of two
or more channels or outlets. It can also be used for flow control and to join
two lines into one. It is primarily used to dry solids and slurries, handle
powders, although some types are available that can handle liquid service. It
is ideal for applications where the conveying & pumping of materials to
multiple vessels or silos is needed. It is classified as two types. One type is
wye line diverter, which comprises a hinged disc at the crossing to close one
of the two outlets. This type of valve is preeminent for handling dry bulk
materials in pressure pneumatic conveying systems or dilute phase vacuum. It is
designed to eliminate material cross contamination & buildup. The second
type of diverter is mainly used for liquid services. Instead of using moving
parts, the flow stream is transformed by pneumatic pressure differential.
According
to study, “Global
Diverter Valves Market 2019 by Manufacturers, Regions, Type and Application,
Forecast to 2024” the key companies operating in the global diverter
valves market are Emerson, Clyde Process Limited, ANDRITZ Group, Spartan
Controls, ACS Valves, VDL Industrial Products, Coperion, Lorenz Conveying
Products, GEA, Schaffer Verfahrenstechnik GmbH, DMN-Westinghouse, Donaldson
Company, Pelletron Corporation, Britton Procol Valves, Bush Wilton, Schenck Process, Gericke USA, Young
Industrie, Salina Vortex, Scheuch, The SchuF Group, Bezares, FLSmidth, Gemco
Valve. The key companies are exploring the market by adopting mergers &
acquisitions (M&A), investments, expansions, new service launches and
collaborations as their preferred strategies. The players are also exploring
new geographies through expansions & acquisitions to avail a competitive
advantage through combined synergies.
Based
on type, diverter valves market is segmented into two-way diverter valves and
multi-way diverter valves. Based on product type, market is segmented into
hydraulic diverter valves, manual diverter valves and electric diverter valves.
Based on structure type, market is segmented into Type R, Type T, Type Y and
others. Based on application, market is segmented into combining, splitting and
others. In addition, based on end-use
industry, market is segmented into automotive, construction, machinery
equipment, chemical industrial, power industry, medical devices and others.
The
diverter valves market is driven by rise in demand for upgrading waste
management facilities, followed by growth in investment in fluid handling
technology in pharmaceutical and oil & gas industries. However, stringent
regulations regarding environmental pollution are being imposed in the
designing may impact the market. Moreover, rise in demand for diverter valve
from end-use industry is a key opportunity for market. Furthermore, growth in
technological improvements in diverter valve is a major trend for market.
In
upcoming years, it is predicted that future of the diverter valves market will
be optimistic as a result of rise in demand from small-medium enterprises
(SMEs) and various industry verticals during the forecast period. The worldwide
market is expected to grow at a CAGR of approximately 4.5% over the next five
years, will reach US $210 million in 2024, from US $170 million in 2019.
To know more, click on
the link below:-
Related Reports:-
Global
Diverter Valves Market 2018 by Manufacturers, Regions, Type and Application,
Forecast to 2023
Contact Us:-
Ken
Research
Ankur
Gupta, Head Marketing & Communications
+91-9015378249