The Poland valves market was valued at USD 385.9 Mn in 2019 and is projected to reach USD 558.8 Mn by 2027, expanding at a CAGR of 5.8% during the forecast period. Improvement of valves in terms of integrated processor and network capability for oil & gas industry has increased the reliability and responsiveness of the systems, which is expected drive the Poland valves market.
Rising demand for establishing flow control equipment as a result of growth in end-use industries such as energy & power, oil & gas, food & beverages, and chemical processing spurred the demand for valves with technological innovations, ability to withstand high temperatures and high-pressures, and is expected to drive the market over the forecast period.
Increasing prevalence of diseases and rapid spread of Covid-19 in Poland geared up the production of all critical medical devices to cure the patients. Medical and diagnostic devices require valves for precise control of the flow, temperature or pressure. For instance, anesthesia & ventilator gas mixing, Positive End-Expiratory Pressure (PEEP) control, leak testing of medical components & packaging, patient simulators, oxygen concentrators, surgical instruments & patient monitoring, and shock wave therapy are valve applications in the healthcare and pharmaceutical industries.
New hospital beds consist of air bladders that are actuated pneumatically and manufactured to increase patient comfort. Valves such as pinch and solenoid valves are required in manufacturing of the air beds. Rising applications of valves in healthcare and pharmaceutical industries in Poland is estimated to drive the industrial valves market, owing to the benefits such as automated functions, reliability, portability, and scalability in medical devices.
Technological advancements paved the way to improve predictive insights of industrial equipment through connected networks. The valve monitoring system helps in collection of data from valve positioners and makes it accessible for data analysis. Analysts involved in valve monitoring assess the valve current, condition, and history to predict impending valve deterioration, which enables arranging maintenance before an operator alarm is activated.
Valve monitoring is designed in order to increase plant uptime by avoiding unexpected valve failures and reduce maintenance costs through predictive maintenance, thereby helping plan efficient and cost-effective plant maintenance. For example, manufacturers in Poland are developing integrated smart devices into valve drivers and network nodes, which offer integrated sensing safety network for hidden problems in valves. High-cost savings and low expense and effort associated with the connected networks and valve monitoring systems are anticipated to fuel the Poland valve market.
Valve manufacturers across various regions need to follow to certain norms and regulations. Different regions have several standards, certifications, and policies for valves. This generates assortment in demand, due to the extensive application of valves in industries such as oil & gas, food & beverages, pharmaceuticals, energy & power, water & wastewater treatment, building & construction, chemicals, and pulp & paper.
The diversity is hampering the growth of the valves market, as industry players have to revise the same product according to different regional policies, which makes it challenging for valve manufacturers in Poland to accomplish an ideal installation cost of valves. In order to resolve this issue, they are investing to set up different manufacturing facilities for different type of industries, which increases the cost of capital. Therefore, the lack of governing policies and standardized norms are acting as restraints in the market.
3D printing technology in manufacturing helps change how engineers develop and refine valves. 3D printers offer creation of unique designs of valves without a large capital investment. It eliminates time-consuming post-processing activities such as removing burrs from holes. Moreover, fabrication of digitally designed parts using 3D printers requires lesser time as compared to the conventional manufacturing methods. 3D design files of valves are easily shared online, which facilitates collaboration of new designs that can be 3D printed on site at low costs. Hence, rising application of 3D printing technology in manufacturing of valves is estimated to provide lucrative opportunities in the Poland valves market.
On the basis of product types, the Poland valves market is fragmented into pressure reducing valves, control valves, safety/relief valves, globe valves, gate valves, plug valves, butterfly valves, diaphragm valves, ball valves, and other valves. The Plug Valves segment held significant share of the market in 2019, owing to increasing R&D expenditure, government investments in valve manufacturing, and increasing technology developments. The segment is anticipated to expand at an exponential CAGR during the forecast period.
Based on valve types, the Poland valves market is fragmented into forged t-valve, two-way valve, block t-valve, tandem valve, multi-port valve, and others. The Multi-Port Valve segment accounted for considerable share of the market in 2019 and is expected to expand at a substantial CAGR during the forecast period. The segment is expected to grow, due to significant investments by the oil & gas industry, which increases the need for efficient valve systems.
Based on controllers, the Poland valves market is fragmented into pneumatic, hydraulic, manual, and electric. Pneumatic segment accounted for a substantial market share in 2019 and is expected to expand at a substantial CAGR, as it helps in providing safe and precise control of valves in a compressed air system. Increasing investment in the water treatment & filtration industry is expected to boost the demand for the hydraulic segment.
On the basis of end-use industries, the Poland valves market is segmented into chemical processing, cosmetics, pharmaceuticals & biotechnology, water treatment & filtration, oil & gas, energy & power, food & beverage, paints & coatings, and others. The water treatment & filtration segment is estimated to grow significantly during the forecast period, owing to increasing use of valves in regulation of the deaerator level for the heater.
Based on distribution channels, the Poland valves market is fragmented into online and offline. Rising e-commerce platforms for the sale of valves allows manufacturers & suppliers to connect with customers all around the world.
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