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Industrial Valves - Market Analysis, Trends, and Forecasts

  • ID: 338760
  • Report
  • March 2020
  • Region: Global
  • 973 Pages
  • Global Industry Analysts, Inc
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The Industrial Valves market worldwide is projected to grow by US$25.7 Billion, driven by a compounded growth of 4%. Ball Valves, one of the segments analyzed and sized in this study, displays the potential to grow at over 4.2%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$35 Billion by the year 2025, Ball Valves will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 3.2% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$721.6 Million to the region's size and clout in the next 5 to 6 years. Over US$1 Billion worth of projected demand in the region will come from Rest of Europe markets. In Japan, Ball Valves will reach a market size of US$1.3 Billion by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 5% over the next couple of years and add approximately US$6.6 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others:
  • AVK Holding A/S
  • Anvil International
  • Baker Hughes Company
  • Cameron
  • Crane Co.
  • Emerson Electric Co.
  • Flowserve Corp.
  • Ham-Let Group
  • IMI Critical Engineering
  • ITT Engineered Valves
  • KITZ Corp.
  • KSB AG
  • SPX Flow, Inc.
  • The Weir Group PLC
  • Velan, Inc.
  • Watts Water Technologies, Inc.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
An Introduction to Industrial Valves
Select Industrial Valves and their Characteristics
Major Industrial Valves and Their End-Use Industries
Parameters Considered for Selection of a Valve
Industrial Valves: Current Market Scenario and Outlook
Product Segment Analysis
Ball Valves: Largest Product Segment
Butterfly Valves Remain a Major Category
Sustained Demand for Check Valves
Diaphragm Valves Continue to Gain Traction
Slowing Demand for Gate Valves
Globe Valves Continue to Make Gains
Plug Valves Emerge as Fastest Growing Category
Safety Valves: Niche Segment
Developing Economies Provide Major Impetus to the Market Expansion
EXHIBIT 1: World Industrial Valves Market by Region (2019 & 2025): Percentage Breakdown of Revenues for Developed and Developing Regions
EXHIBIT 2: World Industrial Valves Market - Geographic Regions Ranked by % CAGR (Revenues) for 2018-2025: Asia-Pacific, China, Latin America, Middle East, Africa, Canada, USA, Europe, and Japan
Relative Stability in Economic Environment Bodes Well for Industrial Valves Market
EXHIBIT 3: Global Economic Outlook: Real GDP Growth Rates in % by Country/Region for the Years 2018 through 2021
Competitive Scenario
Industrial Valves: Fragmented Marketplace
Vendors Emphasize Reducing Lead Time
Consolidation Gathers Steam
Recent Market Activity
Global Competitor Market Shares
EXHIBIT 4: Industrial Valves Competitor Market Share Scenario Worldwide (in %): 2019
EXHIBIT 5: Leading Players in the Global Control Valves Market: Percentage Breakdown of Value Sales by Company for 2019

2. FOCUS ON SELECT PLAYERS
Anvil International (USA)
AVK Holding A/S (Denmark)
Baker Hughes Company (USA)
Cameron (USA)
Crane Co. (USA)
Barksdale, Inc. (USA)
CRANE ChemPharma & Energy (USA)
Crane Nuclear, Inc. (USA)
Emerson Electric Co. (USA)
Flowserve Corp. (USA)
Ham-Let Group (Israel)
IMI Critical Engineering (UK)
ITT Engineered Valves (USA)
KITZ Corp. (Japan)
KSB AG (Germany)
SPX Flow, Inc. (USA)
The Weir Group PLC (UK)
Velan, Inc. (Canada)
Watts Water Technologies, Inc. (USA)

3. MARKET TRENDS & DRIVERS
Prevailing Scenario in the Industrial Manufacturing Sector Revs Up Demand for Industrial Valves
EXHIBIT 6: Industrial Production in Select Countries (In US$ Billion) As of January 2020
Established Use Case Across Diverse Sectors Sustains Market Expansion
Oil & Gas Industry: Major End-Use Sector
Critical Importance of Transmission Processes Extends Robust Opportunities
EXHIBIT 7: Breakdown of Pipeline Miles for Under Construction and Planned Projects Worldwide (in %): 2019
EXHIBIT 8: Worldwide Planned and Under Construction Pipeline Projects (2019): Percentage Breakdown of Pipeline Miles by Geographic Region
Healthy Trajectory in Oil & Gas Sector Favors Growth
Increasing Subsea Activities Augur Well
EXHIBIT 9: Worldwide E&P Capital Spending in $ Billion by Region and Type of Company for the Period 2017-2019
EXHIBIT 10: Global Subsea Systems Market in US$ Million: 2018-2025
EXHIBIT 11: Breakdown of Global Oil Production Volume by Onshore, Offshore, and Offshore Deepwater Activity for the Years 2011, 2015 and 2019
Electric Power Generation Emerges as Fastest Growing End-Use Sector
EXHIBIT 12: Global Electricity Generation in Billion kWh by Fuel Type for the Years 2010, 2020, 2030, 2040 and 2050
EXHIBIT 13: Electricity Consumption in Trillion kWh by Region for the Years 2010, 2012, 2014, 2016 and 2018
EXHIBIT 14: China and India Lead the Global Rise in Demand for Electricity: Change in Gross Electricity Demand in TWh for 2017-50
Growing Focus on Renewable Energy to Spur Demand
Sustained Opportunities in Nuclear Power Sector
EXHIBIT 15: Global Nuclear Power Current Capacity by Country (2019): Percentage Breakdown of Plant Capacity (GWe) for Canada, China, France, Japan, Russia, South Korea, USA, and Others
EXHIBIT 16: Operational and Under Construction Nuclear Power Reactors Worldwide by Country: 2018
Water & Wastewater Industry: Infrastructure Development Drives Need for Valves
Strong Prospects in Petroleum Refining Bode Well for Valves Market
Pulp & Paper Industry: Unique Needs of Mills Set Demand Trends for Valves
Despite Challenging Conditions, Uptake Remains Intact in Iron & Steel Industry
Widespread Adoption of Industrial Automation Creates Fertile Environment
Valves Market Gears Up for Industry 4.0 Environments
EXHIBIT 17: Global Spending on Industry 4.0 Technologies (in US$ Billion) for the Years 2019, 2021, and 2023
Urban Sprawl Extends Broad-based Opportunities
EXHIBIT 18: World Urban Population in Thousands: 1950-2050
EXHIBIT 19: Percentage of Urban Population in Select Countries for 2018, 2020, 2030, 2040 and 2050
Smart City, the New Urban Infrastructure Concept, to Fuel Fresh Wave of Growth
EXHIBIT 20: World Smart City Investments (in US$ Billion) for the Years 2018 through 2025
EXHIBIT 21: Breakdown of World Smart City Investments (in %) by Country/Region for the Year 2019
Bright Future Ahead for Plastic Valves
Fluid Power Valves Poised to Post Growth
Water and Gas Valves Seek Opportunities
Industrial Spray Valves Remain Highly Relevant
Thermostatic Valves Make Gains
Solenoid Valves: Continuous Evolution and Expansion
Technological Innovations & Improvements Sustain Market Momentum
Technology Advancements Spur Progressive Evolution in Product Design & Efficiency
Rise of IoT Seeks Additional Improvements to Valve Technology
Technology Advancements Strive to Curb Fugitive Emissions
A Note on Novel Trends in Valve Design Across Valve Types
Regulations, Codes and Standards Governing Industrial Valves Market: An Overview
List of Specifications Considered for International Standards Accreditation
Issues & Challenges
Dearth of Favorable Governmental Policies and Lack of Certifications
Fluctuations in Raw Material Prices
High Fabrication Costs
Volatile Oil Prices

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
The United States: Major Market for Industrial Valves
Surging Investments in Pipeline Infrastructure Development Rev Up Demand
EXHIBIT 22: US Crude Transport by Mode (2015, 2020 & 2025): Percentage Share Breakdown for Pipeline, Railroads, and Others
Market Analytics
CANADA
Market Overview
Pipeline Programs Favor Growth
Market Analytics
JAPAN
CHINA
China: Major Consumer of Industrial Valves
Infrastructure Investments Favor Market Expansion
Oil & Gas Sector Emerges as New Growth Vertical
Electric Power Industry Propels Overall Demand
Renewed Emphasis on Nuclear Power Plants Fuels Demand for Nuclear Reactor Valves
Outshining Standard Valves, Automatic Valves Gain Traction
Competitive Scenario
Chinese Industrial Valves Market: A Highly Fragmented Marketplace
EXHIBIT 23: Leading Players in the Chinese Control Valves Market: 2019
EXHIBIT 24: Chinese Valve Production Output by Province (in %) for the Year 2019
Imports Continue to Deter Prospects of Domestic Manufacturers
Market Analytics
EUROPE
Market Overview
EXHIBIT 25: European Valve Industry by Category (2019): Percentage Breakdown of Production Value for Industrial Valves and Building Valves
Emphasis on Oil & Gas Pipeline Networks Augurs Well
Regulatory Compliance to Trigger Growth
Market Analytics
FRANCE
GERMANY
Market Overview
Market Analytics
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
Market Overview
Market Analytics
REST OF EUROPE
ASIA-PACIFIC
Industrial Valves Market in Asia-Pacific: A Brief Overview
Market Analytics
AUSTRALIA
INDIA
India: A Lucrative Market
Growing Automation Investments Steer Demand
Intelligent Valves Make a Cut
Expansion of Natural Gas Network to Benefit Industrial Valves Market
Competitive Scenario
A Fragmented Marketplace
A Note on Leading Players
Small Scale Manufacturers Expand Capacities
Growing Opportunities in Foreign Markets
EXHIBIT 26: Indian Industrial Valves Market by Distribution Channel (in % Value) for 2019
Market Analytics
SOUTH KOREA
Market Overview
Market Analytics
REST OF ASIA-PACIFIC
Focus on Select Markets
Singapore
The Philippines
Market Analytics
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
Robust Opportunities for Industrial Valves Market
Market Analytics
REST OF LATIN AMERICA
MIDDLE EAST
Middle East: Increasing Demand for Industrial Valves
Opportunities Rife in the Sprawling Oil & Gas Sector
Market Analytics
IRAN
ISRAEL
SAUDI ARABIA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AFRICA
South Africa: Prominent Consumer of Industrial Valves
Market Analytics

IV. COMPETITION
Total Companies Profiled : 326 (including Divisions/Subsidiaries - 365)
Note: Product cover images may vary from those shown
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