The “Industrial Valves Market With COVID-19 & Oil Price Crisis Impact Analysis By Function (On-off/Isolation, Control), Material, Type, Size, End-User (Oil & Gas, Energy & Power, Water & Wastewater Treatment), and Region – Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
The global industrial valves market was valued at USD 74.2 billion in 2019 and is projected to reach USD 85.7 billion by 2025. It is expected to grow at a CAGR of 12.3% during the forecast period.
Control valves to witness a higher CAGR during the forecast period
Rapid developments in electronics have resulted in the introduction of advanced control systems and state-of-the-art actuator/valve combinations that are now installed in new plants. Through connected networks, monitoring of valve conditions, and predicting impending valve deterioration is possible.
This, in turn, reduces the unplanned/accidental shutdown of plants and leads to the rising adoption of control valves. Various critical /severe service applications make use of control valves where manual operation is either not safe or requires more effort and time. Hence, the market for control valves is expected to grow at a higher CAGR during the forecast period.
Based on the size, valves sized up to 1 and 1 to 6 to account for the largest share during 2020-2025.
Valves sized up to 1 and 1 to 6 together account for a larger share of the overall industrial valves market in 2019. A similar trend is likely to be observed during the forecast period. This growth can be attributed to the rising adoption of these valves in various critical and severe service applications in multiple industries, such as oil & gas, energy & power, water & wastewater treatment, chemicals, food & beverages, and pulp & paper.
Energy & power end-use industry to witness the highest CAGR during the forecast period.
Energy & power end-use industry is expected to witness the highest CAGR during the forecast period. In the energy & power industry, there is a strong need to develop infrastructure to balance the future demand for energy. This trend is creating an opportunity for manufacturers to design and develop their products as per the requirements and standards of the industry. Valves, specifically with digital capabilities, are in demand for safety applications and critical operations.
APAC to record the highest growth rate in industrial valves market during the forecast period
North America is likely to be the highest growing market for industrial valves market in the coming years North America is a key market for industrial valves as the region is home to a few of the largest multinational corporations, such as Emerson (US), Cameron-Schlumberger (US), Flowserve Corporation (US), Crane Co. (US).
The increasing R&D activities in the region pertaining to the use of actuators in the valves for automation and the rising demand for safety applications are among the crucial factors driving the market in North America. R&D at industry levels is broadening the application areas of industrial valves in different industries, such as energy & power and chemicals, in the US. Control valves are used in the oil & gas, energy & power, and water & wastewater treatment industries to control media flow through a system, as well as to start, stop, or throttle the flow and ensure safe and efficient process automation.
The report defines, describes, and forecasts the industrial valves market based on function, type, material, size, end-users, and geography. It provides detailed information regarding factors such as drivers, restraints, opportunities, and challenges influencing the growth of the industrial valves market.
It also analyzes competitive developments such as product launches, acquisitions, expansions, contracts, partnerships, and developments carried out by the key players to grow in the market. The industrial valves market comprises major players such as Emerson (US), Cameron – Schlumberger (US), Flowserve (US), IMI Plc. (UK), Metso (Europe), Spirax Sarco (UK), Crane Co. (US), KITZ Corporation (Japan), Trillium Flow Technologies (UK), and BRAY International (US). The study includes an in-depth competitive analysis of these key players in the industrial valves market, with their company profiles, recent developments, and key market strategies.
Key Topics Covered
2 Research Methodology
3 Executive Summary
3.1 Industrial Valves Market: Realistic Scenario
3.2 Industrial Valves Market: Optimistic Scenario
3.3 Industrial Valves Market: Pessimistic Scenario
4 Premium Insights
5 Market Overview
5.2 Market Dynamics
220.127.116.11 Increasing Demand for Valves from Healthcare and Pharmaceuticals Industries due to Outbreak of COVID-19 Pandemic
18.104.22.168 Growing Focus on Development of Smart Cities Globally
22.214.171.124 Rising Need for Connected Networks to Maintain and Monitor Industrial Equipment
126.96.36.199 Surging Requirement for Establishing New Nuclear Power Plants and Revamping Existing Ones
188.8.131.52 Lack of Standardized Norms and Governing Policies
184.108.40.206 Implementation of Valves in Water & Wastewater Treatment Plants to Handle Sanitation-Related Issues With Rapid Spread of COVID-19
220.127.116.11 Utilization of IIoT and Industry 4.0 in Industrial Plants
18.104.22.168 Application of 3D Printing Technology in Manufacturing Valves
22.214.171.124 Need for Replacement of Outdated Valves and Adoption of Smart Valves
126.96.36.199 Focus of Industry Players on Offering Improved Customer Services
188.8.131.52 Adverse Impact of COVID-19 Pandemic on Key End-User Industries such as Oil & Gas and Energy & Power
184.108.40.206 Slowdown in Oil & Gas Sector due to Oil Price Crisis
220.127.116.11 Rise in Collaboration Activities Among Industry Players
18.104.22.168 Unplanned Downtime due to Malfunctioning or Failure of Valves
6 Industry Trends
6.2 Value Chain Analysis
6.3 Impact of COVID-19 on Valve Ecosystem and Extended Ecosystem (Adjacent Markets)
6.3.1 Raw Material and Component Suppliers
6.3.2 OEM Manufacturers
6.3.3 System Integrators
6.3.4 Sales Consultants and Distributors
6.4 Consumer Buying Process
6.4.1 Online Valve Purchase Trend to Disrupt Traditional Consumer Buying Process of Valve Industry
6.5 Industry Trends
6.5.1 Digitization AN+D125D Integration of Advanced Technologies such as Artificial Intelligence into Industrial Valves
6.5.2 Impact of IoT on Industrial Valves Market
7 Industrial Valves Market, by Function
7.2 On-Off/Isolation Valves
7.3 Control Valves
7.4 The Author’s View Point (Impact of COVID-19 & Oil Price Crisis)
8 Industrial Valves Market, by Material
8.3 Cast Iron
8.4 Alloy Based
9 Industrial Valves Market, by Type
9.2 Ball Valves
9.3 Butterfly Valves
9.4 Check Valves
9.5 Diaphragm Valves
9.6 Gate Valves
9.7 Globe Valves
9.8 Plug Valves
9.9 Safety Valves
9.10 The Author’s Viewpoint (Impact of COVID-19 & Oil Price Crisis)
10 Industrial Valve Market, by Size
10.2 Up to 1
10.6 50 and Larger
11 Industrial Valves Market, by End-User Industry
11.2 Oil & Gas
11.3 Water & Wastewater Treatment
11.4 Energy & Power
11.6 Food & Beverages
11.8 Building & Construction
11.9 Pulp & Paper
11.10 Metals & Mining
12 Geographic Analysis
12.2 North America
12.4 Asia-Pacific (APAC)
12.5 Rest of the World (RoW)
13 Competitive Landscape
13.2 Market Player Ranking Analysis
13.3 Competitive Scenario
13.3.1 Acquisitions and Agreements
13.3.2 Key Product Developments/Launches and Expansions
13.4 Competitive Leadership Mapping
13.4.1 Visionary Leaders
13.4.3 Dynamic Differentiators
13.4.4 Emerging Companies
13.5 Strength of Product Portfolio
13.6 Business Strategy Excellence
14 Company Profiles
14.2 Key Players
14.2.2 Cameron – Schlumberger
14.2.3 Flowserve Corporation
14.2.4 IMI plc
14.2.5 Metso Corporation (Future Neles Corporation)
14.2.6 Spirax Sarco
14.2.7 Crane Co.
14.2.8 Kitz Corporation
14.2.9 Trillium Flow Technologies (Weir Flow Control)
14.2.10 Bray International
14.3 Right to Win
14.4 Other Important Players
14.4.1 Neway Valve Co.
14.4.2 Velan Inc.
14.4.3 Samson Controls
14.4.4 AVK Holding A/S
14.4.5 Avcon Controls
14.4.6 Forbes Marshall
14.4.9 Dwyer Instruments
14.4.10 Apollo Valves
For more information about this report visit https://www.researchandmarkets.com/r/2f2bdk