Press release
Global Nuclear Check Valve Market Size, Share - Industry Trend and Forecast 2016 - 2024
A nuclear check valve is a one-way valve that allows a fluid to flow in a single direction with minimum resistance. The fluid could contain either liquid or gas. A nuclear check valve consists of a body, bonnet, and disc. The body comprises two ports: one for the fluid to enter and the other for it to exit. Nuclear check valves are used in various nuclear power plant applications such as cooling water circuits, preheaters, vaporizers, and turbines. They are employed in the nuclear industry to control feed water systems, as well as in dump lines, miscellaneous process systems, and monitoring and sampling systems. Nuclear check valves also help avoid reverse flow with minimal leakage. They prevent excessive heat transfer between two fluids and play a pivotal role in providing safety against explosion and meltdowns in the nuclear power industry. Installing them not only aids the protection of sensitive components such as pumps, but also inhibits the inadvertent draining of tanks.
Straight-way swing and angle are the two primary types of check valves used in nuclear power plants. The former is likely to dominate the nuclear check valve market during the forecast period primarily due to its simple design, low pressure drop, low cost, reliable sealing, and availability in a wide range of sizes. Swing check valves offer better leak tightness compared to angle check valves. Furthermore, they have advantages such as a good closing and throttling feature. These valves are employed widely in high-pressure service applications.
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Check valve failures can result in increased costs, significant operating transients, and reduced system availability. The nuclear check valves market is primarily driven by stringent regulations on the spillage of dangerous chemicals and the maintenance of safety features of the plant and equipment. The growing capacities of nuclear power and the upgrading and renovation of existing plants are other features propelling this market. An increasing need to isolate pumps & equipment and to control feed flow is also projected to boost the requirement for nuclear check valves. The escalating incidence of non-safety systems such as check valves facing failure has been a concern for the nuclear power industry. Therefore, introducing improvements in the operational efficiency of nuclear check valves provides new opportunities for manufacturers to develop smarter valves that can be controlled by solenoid, digital, hydraulic, electric, or pneumatic energy.
The global market for nuclear check valves is distributed over North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific, Europe, and North America are predicted to be the dominant regions during the forecast period, principally due to the rapid industrialization in the developing economies of India and China. The overall rise in demand for energy as well as in foreign investments in developing countries is also motivating the nuclear valve market. The U.S. and Russia offer significant potential due to technological innovations in the field of check valves taking place in these regions. Thus, a surge in upgrading activities due to substantial investments in nuclear power plants is anticipated to add to the demand for nuclear check valves.
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Key players operating in this market include Crane Nuclear, Inc, Velan Inc, BNL Industries.Inc, Daher, ValvTechnologies, Valcor Engineering Corporation, MSA, a.s., and Pentair Ltd.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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