Valves Market

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VALVE MARKET ANALYSIS

• Valves Market, by Product type (Pressure
  Reducing Valves, Safety/Relief Valves, Control
  Valves, Globe Valves, Plug Valves, Gate Valves,
  Ball Valves, Butterfly Valves, Diaphragm Valves
  and Other Valves), by Industry(Oil Gas,(LNG,
  Petroleum (Upstream, Midstream,
  Downstream,(Petrochemical)), Power(Fossils(Coal
  Oil, Natural Gas, Nuclear Power, Other
  Power)),Chemicals, Marine, Construction, Pulp
  Paper, Mining, Water Waste Water Treatment and
  Others), by Screen Size (below 8 and 8 and
  above), and by Region (North America, Latin
  America, Europe, Asia Pacific, Middle East and
  Africa) - Size, Share, Outlook, and Opportunity
  Analysis, 2019 - 2027

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• Market Overview
• The global Valve Market was accounted for US
  72,862.8 Mn in terms of value in 2019 and is
  expected to grow at CAGR of 6.8 for the period
  2019-2027.
• Market Dynamics Drivers
• Increasing number of oil gas exploration
  activities are expected to drive growth of the
  global valves market during the forecast period
• High growth in pipelines sector is expected to
  propel growth of the global valves market over
  the forecast period

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Figure 1. Market Share
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• Market Dynamics Restraints
• Increasing cost of raw materials and lack of
  innovations are expected to hinder the global
  valves market growth over the forecast period
• Growing competition from unorganized valves
  manufacturers is expected to hamper the global
  valves market growth over the forecast period

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• Market Opportunities
• High growth of refining and power generation
  industries can provide major growth opportunities
• Rising demand for valves in water treatment is
  expected to present major business opportunities

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Figure 2. Market Opportunity Analysis
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• Market Trends
• Growing plant automation
• Extensive use of valves in a plethora of
  applications
• Regulations
• Adoption of valves has elevated with introduction
  of governmental regulations towards environment
  and pollution control. Furthermore, some of the
  regulations and acts introduced by ASEAN
  countries for waste and wastewater management are

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Figure 3 Value Chain Analysis
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• Competitive Section
• In global Valves Market, by product type, Ball
  Valves sub-segment dominated the global market in
  2019, accounting for 15.0 share in terms of
  volume, followed by Butterfly Valves, globe
  Valves, Gate Valves, Pressure Reducing Valves and
  Safety/Relief Valves respectively.
• Key Developments
• Key players in the market are focused on capacity
  expansion, in order to enhance the market
  presence. For instance, in February 2020,
  Schlumberger Limited, a U.S.-based oilfield
  service company, inaugurated its new
  manufacturing center for manufacturing of
  isolation valve technologies such as GROVE valves
  and ORBIT rising stem ball valves in the King
  Salman Energy Park (SPARK), Saudi Arabia.
• Major companies in the market are involved in
  mergers and acquisitions, in order to gain a
  competitive edge in the market. For instance, in
  Emerson Electric Co. acquired General Electrics
  Intelligent Platform business, enabling Emerson a
  global leader in automation for processes and
  industrial customers

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