Region : Global | Format: PDF | Report ID: BRI101181 | SKU ID: 19889826
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The global water control gate market size was USD 558.9 million in 2021 and is expected to touch USD 882.83 million by 2031, exhibiting a CAGR of 4.7% during the period.
Water control gates shut water flow in dams, reservoir spillways, and irrigation canals. These are operated with a motorized or hand-driven screw rod hoisting arrangement. The main components of the control gate are the groove channel, screw rod, headset, and an operating lever. All these components are coated with primer, coal tar, and unique paint coats to protect them from corrosion. These control gates are made with fiber polymers or steel depending on the water pressure and have applications in various sectors.
Fiber polymers are superior to steel as they are lightweight and more potent in weight ratio. Therefore, these devices are light to lift and easy to maintain. The product is divided into type and application segments. The type segment consists of stainless steel and iron cast gates, whereas the application segment consists of water supply & drainage systems and wastewater & sewage treatment systems. The control gates have applications in various environmental and process applications. These products are generally made of stainless steel and galvanized aluminum.
The global COVID-19 pandemic was unprecedented & staggering, with water control gates experiencing lower-than-anticipated demand across all regions compared to pre-pandemic times. The sudden spike in CAGR can be attributed to demand returning to pre-pandemic levels after the pandemic is over.
The pandemic-induced restrictions and lockdowns worldwide halted the production and manufacturing of water control gates in every region, thus affecting the demand and supply of the product severely. Rising inflation and prices of raw materials further disrupted the market's supply chain, leading to losses for investors and manufacturers worldwide. Hence, these factors impeded the market growth and share heavily.
"Post-Pandemic Boom to Fuel Market Growth "
The rapid increase in production and manufacturing activities post the pandemic, along with decreasing inflation and rising disposable incomes worldwide, will fuel the demand for water control gates. This rise can be attributed to the exponential boom in the production processes and the restoration of supply chains in key regions such as North America, Europe, and the Asia Pacific. Therefore, these developments will lead to massive profits and revenues for investors and manufacturers worldwide.
The market is categorized based on types into stainless steel gates, cast iron gates, and others.
The market is subcategorized based on applications in water supply and drainage systems, wastewater and sewage treatment systems, and others.
"Technology Driven Features to Drive Market Growth"
Product features such as low fluid resistance, superior sealing performance, and dual-flowing directions will drive the water control gate market growth. Thus, the use of the product will increase in pipelines where the movement flow changes frequently. Along with this, easy installation of control gates and fluid resistance of the machinery will propel the worldwide market growth and share of the industry.
"Wide-Ranging Applications to Propel Market Growth"
Water control gates have wide-ranging applications in manufacturing, industrial processes, water drainage systems, sewage treatment, and others. The mediums used for these applications include steam, oil, steel, or iron-clad devices. Therefore, the product's versatility makes it more desirable, thus driving market growth and demand in the industry exponentially.
"Slow Processing and Material Sensitivity May Hamper Market Growth"
During the opening, the control gate must be lifted to the upper part of the chamber. During the closing, it needs to fall into the seat. The distance the plate should move to open or close is considerable, causing a lengthy opening and closing time. This disadvantage makes water control gates less useful for sectors that require rapid actuation. Additionally, the opening and closing processes can create excess friction, leading to scratches on the surface body and impacting the performance and the product service life. Hence, these factors may impede market growth worldwide.
"Europe to Lead Market Share Owing to Increase in Manufacturing Capacities"
The European region will lead the water control gate market share due to an increase in the manufacturing capacities owing to a leading industrial presence in the area. Advancements in technology, decreasing inflation, favorable prices of metals, and various other factors will lead the market growth and share in the region. The U.K. and Germany are projected to owe the maximum market share in the area. Therefore, the region is a potential hotspot for investments.
"Prominent Industry Players in the Industry to Promote Market Expansion"
The report analyzes various market players in the industry, and the information is published after proper research, analysis of trends, key developments, new initiatives, and technological developments and innovations. The report also includes thorough research on companies, regions, technical and environmental outcomes, and newly emerging industries' impact and risks. The study considers all the points after a comprehensive analysis, thus generating future possibilities for the market. Therefore, the factors mentioned in the report are subject to change as the dynamics and situation of the market change. Europe will lead the market share with the U.K. and Germany leading the regional growth.
The report examines elements that affect the demand and supply factors and estimates dynamic market forces for the forecast period. It also offers drivers, restraints, the latest trends, and critical industrial developments. After evaluating the market factors, the report provides an extensive SWOT analysis. The research is subject to alteration if leading players and analysis of market dynamics change. The information estimates the factors mentioned, taken into consideration after thorough research. The report also provides information on segmentation, key industry developments, and an analysis of risks in the industry.
The global water control gate market is expected to touch USD 882.83 million by 2031.
The water control gate market is expected to exhibit a CAGR of 4.7% by 2031.
Post-pandemic boom, wide-ranging applications in various sectors, and boom in production and manufacturing capacities due to rising demand are the driving factors of the water control gate market.
Orbinox (AVK Group), BÜSCH Technology GmbH, VAG GmbH, Waterman Valve, LLC, Jash Engineering Ltd, Mueller, Golden Harvest, Inc., Ventim Ventil & Instrument AB, ABS-Armaturen GmbH, ERHARD (TALIS), Ham Baker Limited, and Tianjin Tanggu Jinbin Valve Co., Ltd. are the leading players operating in the water control gate market.
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