Industrial Valves Market - Segmented by Type (Butterfly Valve, Ball Valve, Globe Valve, Gate Valve, Plug Valve), by Product (Quarter-turn Valve, Multi-turn Valve), by Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)

  • ID: 4514972
  • Report
  • 186 pages
  • Mordor Intelligence
UP TO OFF
until Dec 31st 2018
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FEATURED COMPANIES

  • Alfa Laval
  • Crane Co.
  • Emerson Electric Co.
  • Hitachi Metals Ltd.
  • KITZ Corporation
  • Saint-Gobain
  • MORE
The global industrial valve market is expected to reach a size of USD 68,324.43 million in 2018, and USD 88,585.74 million by 2023, at an estimated CAGR of 5.33%, during the forecast period (2018 - 2023). The market is majorly driven by factors such as growing demand from the power industry, increase in demand for desalination activity, and increase in demand from the chemicals industry.

Increase in Demand from the Chemicals Industry

In chemical processing, valves help in handling various toxic chemicals at different temperature and pressure situations. Valves help in controlling the dosage of various chemicals. Almost all variants of valves, such as the gate, globe, and butterfly, are used in the chemical industry. Valves play a key role in the chemical industry in various applications, such as plugging, venting, and draining. The global chemical industry has grown rapidly over the past several decades, generating a revenue of about USD 5197.6 billion in 2016. The chemical industry produces precursors and intermediates for most other consumer industries. The chemical industry is highly regulated, with major contributing regions being Asia, Europe, and North America. The industry framework is changing to adapt to innovative solutions, due to new regulations, such as REACH. Despite the limitations, such as energy costs, feedstock changes, labor costs, and regulations, the global chemical industry is expected to grow at a fairly high rate during the forecast period. The surging demand for investments in the chemical industry is due to the consolidations around coherent business portfolios. The industry is expected to witness more mergers and acquisitions in 2018. The majority of the raw materials in the chemicals industry are derived from oil and natural gas. Therefore, such robust growth in the chemical industry anticipated during the forecast period is also expected to drive the demand for industrial valves in the coming years.

Globe Valves to Contribute Significantly to the Market Growth

Globe valves are linear motion valves, which ensure a smooth flow of the fluid without any sharp turns and the flow is controlled through a stem-mounted disc or inserted plug placed inside the valve. The flow through the pipe is generally through plug seat arrangement. As the plug moves toward the seat, the flow gradually decreases and closes, and as the plug moves away from the seat the flow increases. In general, globe valves are designed for use in high-pressure environments. However, manual globe valves are generally applied at low pressures, owing to the thrust limitations. Due to its top entry access, globe valves are widely preferred in power industries for steam applications. However, there are some disadvantages of globe valves, such as the creation of pulsation, due to dynamics, noise in high-pressure environments, and large size. In general, globe valves are used in various applications, such as cooling water systems, fuel oil systems, feed water, and various feeds for processing operations, turbine lube oils, etc. The rising water treatment applications, coupled with increasing refinery capacities are boosting the demand for globe valves. The increasing demand for petroleum products in developing nations is driving the demand for globe valves. Furthermore, increasing demand for water and wastewater treatment activities in the United States and Germany is another factor boosting the globe valves market.

Asia-Pacific to Dominate the Market

Asia-Pacific region dominated the global market share in 2017. With growing oil and gas industrial activities and the increasing need for water treatment in countries such as China, India, and Japan, the usage of industrial valves is increasing in the region. The consumption of industrial valves is high in oil and gas, and the downstream production has increased in the country, further increasing the production capacities of petrochemicals, thus augmenting the consumption of industrial valves in the country. The chemical plants is another prominent end-user industry in China. Many major companies in the market have their chemical plants in China. These companies increased their production capacities, in order to increase the consumption of industrial valves. The other major industry in the country is the water treatment facility, which is used in different industries. The growing fuel demand is augmenting the demand to increase the refining capacity, due to increased sales of passenger cars, replacement of LPG as a cooking fuel, increasing urbanization, along with the demand for infrastructure and consumer goods. Indian Oil Corporation, Hindustan Petroleum Corp., and Bharat Petroleum signed a USD 40 billion project to build the world’s largest refinery-cum-petrochemicals complex in Ratnagiri district of Maharashtra, with the capacity of 60 million metric ton per annum. The aforementioned factors, coupled with government support, are contributing to the increasing demand for industrial valves consumption in the region during the forecast period.

Major Players: Schlumberger Limited (previously Cameron International), Emerson Electric Co., Flowserve Corporation, IMI PLC, and Crane Co ., among others.

Reasons to Purchase the Report
  • Impact of the growth of industrial & infrastructural activities in developing economies on the market
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The type, product, and application that are expected to dominate the market
  • The region that is expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3 months analyst support, along with the Market Estimate sheet (in Excel)
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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Alfa Laval
  • Crane Co.
  • Emerson Electric Co.
  • Hitachi Metals Ltd.
  • KITZ Corporation
  • Saint-Gobain
  • MORE
1. Introduction
1.1 Scope of the Report
1.2 Study Assumptions
1.3 Study Deliverables
1.4 Research Phases

2. Executive Summary

3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Buyers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition

4. Market Dynamics
4.1 Drivers
4.1.1 Growing Demand from the Power Industry
4.1.2 Increase in Demand for Desalination Activity
4.1.3 Increase in Demand from the Chemical Industry
4.2 Restraints
4.2.1 Stagnant Industrial Growth in Developed Countries
4.3 Opportunities
4.3.1 Increase in Demand for Automatic Valves

5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Type
5.1.1 Butterfly Valve
5.1.2 Ball Valve
5.1.3 Globe Valve
5.1.4 Gate Valve
5.1.5 Plug Valve
5.1.6 Other Types
5.2 By Product
5.2.1 Quarter-turn Valve
5.2.2 Multi-turn Valve
5.2.3 Other Products (Control Valves)
5.3 By Application
5.3.1 Power
5.3.2 Water & Wastewater Management (including Desalination)
5.3.3 Chemicals
5.3.4 Oil & Gas
5.3.4.1 Upstream
5.3.4.2 Midstream
5.3.4.3 Downstream
5.3.5 Food Processing
5.3.6 Other Applications

6. Regional Analysis (Market Size, Growth, and Forecast)
6.1 Asia-Pacific
6.1.1 China
6.1.2 India
6.1.3 Japan
6.1.4 South Korea
6.1.5 Australia & New Zealand
6.1.6 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.2 Canada
6.2.3 Mexico
6.2.4 Rest of North America
6.3 Europe
6.3.1 Germany
6.3.2 United Kingdom
6.3.3 Italy
6.3.4 France
6.3.5 Russia
6.3.6 Rest of Europe
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa

7. Competitive Landscape
7.1 Mergers and Acquisitions, Joint Ventures, Collaborations and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players

8. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
8.1 Alfa Laval
8.2 AVK Holding A/S
8.3 Bröer Group
8.4 CIRCOR International, Inc.
8.5 Crane Co.
8.6 Curtiss-Wright Corporation
8.7 Danfoss AS
8.8 Emerson Electric Co.
8.9 Georg Fischer Ltd.
8.10 Flowserve Corporation
8.11 General Electric (Baker Hughes)
8.12 Hitachi Metals Ltd.
8.13 Honeywell International Inc.
8.14 IMI PLC
8.15 ITT Inc.
8.16 KITZ Corporation
8.17 Mueller Water Products, Inc.
8.18 NIBCO INC.
8.19 Okano Valve Mfg. Co. Ltd
8.20 Saint-Gobain
8.21 Schlumberger Limited
8.22 TechnipFMC PLC
8.23 The Weir Group PLC
8.24 Valvitalia SpA
8.25 Xylem
8.26 DUNAN

9. Disclaimer

**Subject to availability on public domain

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  • Alfa Laval
  • AVK Holding A/S
  • Bröer Group
  • CIRCOR International, Inc.
  • Crane Co.
  • Curtiss-Wright Corporation
  • Danfoss AS
  • Emerson Electric Co.
  • Georg Fischer Ltd.
  • Flowserve Corporation
  • General Electric (Baker Hughes)
  • Hitachi Metals Ltd.
  • Honeywell International Inc.
  • IMI PLC
  • ITT Inc.
  • KITZ Corporation
  • Mueller Water Products, Inc.
  • NIBCO INC.
  • Okano Valve Mfg. Co. Ltd
  • Saint-Gobain
  • Schlumberger Limited
  • TechnipFMC PLC
  • The Weir Group PLC
  • Valvitalia SpA
  • Xylem
  • DUNAN
Note: Product cover images may vary from those shown
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