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.
Diverter valves are extensively used in a wide range of commercial applications such as aviation & aerospace, agriculture & farming, chemical manufacturing & processing, Heating, ventilation, and air conditioning (HVAC), construction, coolant, and cryogenic distribution, food processing, sanitation & waste processing, medical & pharmaceutical services, and water delivery.
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.
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Ankur Gupta, Head Marketing & Communications