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

2020-07-28
Price :
Published : Jul-2020
No. of Pages : 234

“Control valves to witness a higher CAGR during the forecast period.”

The global industrial valves market size was valued at USD 48.1 billion in 2020 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. 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 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), Flow serve 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.

In-depth interviews have been conducted with chief executive officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the industrial valves market place.

  • By Company Type: Tier 1-56%, Tier 2–23%, and Tier 3-21%
  • By Designation: C-Level Executives-75%and Managers-25%
  • By Region: North America-40%, Europe-23%, APAC-26%,and RoW -11%

The industrial valves market comprises major players such as Emerson (US), Cameron – Schlumberger (US), Flowserve (US), IMI Plc. (UK), Metso (Europe), SpiraxSarco (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.

Research Coverage

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.

Key Benefits of Buying the Report

The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall industrial valves market and the sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Filed in: Manufacturing
Publisher : marketsandmarkets
More Reports
Title Price Buy Now

Automated Guided Vehicle (AGV) Market with COVID-19 Impact Analysis, by Type (Tow Vehicles, Unit Load Carriers, Forklift Trucks, Assembly Line Vehicles, Pallet Trucks), Navigation Technology, Industry, and Geography – Global Forecast to 2025

“The AGV market is projected to grow at a significant rate from 2020 to 2025.” The AGV market is projected to grow from USD 2.3 billion in 2020 to USD 3.6 billion by 2025; it is expected to grow at a CAGR of 9.3% from 2020 to 2025. The growth of the AGV market is driven by growing demand for automation in material handling across industries, improved safety standards at workplaces, rising popularity of e-commerce owing to COVID-19, and shift in demand from mass production to mass customization. COVID-19 has emerged as a global pandemic that has spread across 215 countries worldwide and disrupted various industries around the world. The prominent players across industries have been affected by this pandemic. The foreseeable decline in the growth of end-user industries may have a c......
$4950

Process Automation & Instrumentation Market by Instrument (Field Instrument, Control Valve, Analytical Instrument), Solution (APC, DCS, HMI, MES, PLC, Functional Safety, SCADA), Industry, and Geography – Global Forecast to 2025

“Process automation and instrumentation market to exhibit significant growth potential from 2020 to 2025” The process automation and instrumentation market is expected to be valued at USD 67.4 billion in 2020 and is projected to reach USD 76.8 billion by 2025, at a CAGR of 2.6%. Increasing importance of reduced operating costs and production efficiency, adoption of digital technologies such as IIoT, increased adoption of industrial automation and process control, and optimum utilization of resources are expected to be the key factors propelling the growth of the process automation and instrumentation market. “DCS segment to account for largest share in global process automation and instrumentation market” DCS is a digital automated industrial control system (ICS) that uses......
$4950

Modular Construction Market by Type (Permanent, Relocatable), Material (Steel, Concrete, Wood), Modules, End-Use (Residential, Retail & Commercial, Education, Healthcare, Office, Hospitality), and Region – Global Forecast to 2025

“The growth of modular construction market is attributed to increase in concern towards work-zone safety, need for lower environmental impacts, and supportive government initiatives.” The global modular construction market size is projected to grow from USD 85.4billion in 2020 to USD 107.9billion by 2025, at a Compound Annual Growth Rate (CAGR) of 5.7%. Critical trends in the construction industry, such as shorter project schedules, housing shortage in many countries, economic construction demand, and workforce shortages, are the factors that are driving the growth of the volumetric modular construction method. “In terms of value & volume, Permanent modular building is estimated to dominate the modular construction market in 2019.” Permanent modular construction (PMC) ......
$4950

Biodegradable Films Market by Type (PLA, Starch Blends, Biodegradable Polyesters, PHA), Applications (Food Packaging, Agriculture & Horticulture, Cosmetic & Personal Care Products Packaging, Industrial Packaging), and Region – Global Forecast to 2025

High demand from food packaging industry and shift in consumer preference toward eco-friendly plastic products is driving the demand for biodegradable films market The global biodegradable films market size is estimated to be USD 1.1 billion in 2020 and projected to reach USD 1.5 billion by 2025, at a CAGR of 6.6%. The growing awareness regarding plastic waste and its adverse impact on the environment is one the primary factors driving market growth. Moreover, factors like growing demand from the food packaging industry, and high demand from the agriculture & horticulture sector are also contributing toward the market growth of biodegradable films. “PLA is estimated to lead the biodegradable films market, by type in terms of volume during the forecast period By type, PLA is ......
$5650

Manufacturing Execution System Market with COVID-19 Impact by Offering (Software, Services), Deployment (On-premises, On-demand, Hybrid), Process Industry (Food & Beverages, Pharmaceuticals & Life Sciences), Discrete Industry, Geography – Global Forecast to 2025

“Manufacturing execution system market to grow at a CAGR of 4.5% from 2020 to 2025” The manufacturing execution system market is expected to grow from USD 11.9 billion by 2020 to USD 14.5 billion by 2025 at a CAGR of 4.5% from 2020 to 2025. A few key factors driving the growth of this market include increasing use of industrial automation in process and discrete industries,growing importance of regulatory compliance, fiscal policies formulated by regional financial institutions to keep manufacturing facilities floating amidst COVID-19 crisis,and low deployment cost of MES solutions. “Manufacturing execution system market for on-premise deployment to hold larger share during forecast period” The manufacturing execution system market for on-premise deployment holds a larger ......
$4950

Synthetic Paper Market by Raw Material (BOPP, HDPE), Application (Printing, Paper Bags, Labels), End-use Industry (Paper, Packaging), and Region (APAC, Europe, North America, Middle East & Africa, South America) – Global Forecast to 2025

The global synthetic paper market is projected to register a CAGR of 9.2% between 2020 and 2025, in terms of value. The global global synthetic paper market size is projected to grow from USD 526 million in 2020 to USD 819 million by 2025, at a CAGR of 9.2% between 2020 and 2025. Eco-friendly synthetic paper and wide application areas of synthetic paper are driving the market. However, limited plastics material available for synthetic paper is expected to restrain this market. Increasing concerns of pulp paper for environment pollution is expected to offer significant growth opportunities to the synthetic paper manufacturers. A major challenge faced by the players in this market is the cost of synthetic paper being higher than pulp paper. The BOPP segment is expected to grow at the h......
$4950

Diesel Power Engine Market by Operation (Standby, Prime, and Peak Shaving), Power Rating (Below 0.5 MW, 0.5-1 MW, 1.0-2 MW, 2.0–5 MW, and Above 5 MW), End User (Industrial, Commercial, and Residential), Speed, and Region – Global Forecast to 2025

“Increased industrialization, growing demand for reliable backup power supply, and data center investments are set to drive the diesel power engine market” The global diesel power engine market is estimated to be USD 6.3 billion in 2020 and projected to reach USD 7.9 billion by 2025, at a CAGR of 4.6%. The market has a promising growth potential due to several factors, including increasing industrialization, growing demand for reliable backup power solutions, and data center investments especially in Europe and North America. Diesel power engines are compression ignition, reciprocating engines and are considered one of the most reliable and capable fossil fuel-based power generation technologies. These engines are coupled with an alternator to generate power as and when demanded.......
$4950

Packaging Preferences for Safety and Sustainability – Coronavirus (COVID-19) Consumer Survey Insights

Packaging Preferences for Safety and Sustainability - Coronavirus (COVID-19) Consumer Survey Insights Summary "Packaging Preferences for Safety and Sustainability - Coronavirus (COVID-19) Consumer Survey Insights" identifies consumer reactions to packaging as lockdowns ease amid the COVID-19 pandemic. Sustainable packaging has been popular with consumers for many years. However, the COVID-19 pandemic has boosted immediate desires for access to quickly produced convenient materials. Whilst sustainability remains a long-term objective, manufacturers and brands have increased the use of single-use packaging to assuage consumer concerns and aid convenience. Brands will need to devise longer-term compromises to packaging that meet demand for both sustainability and hygiene. Scope - Panic b......
$1450

Fiber Cement Market by Material (Portland Cement, Application (Siding, Molding & Trim, Backer boards, Flooring, Roofing, Wall Partitions), End use (Residential, Non-residential) and Region – Global Forecast To 2025

“Increase in the demand for non-residential construction activities is projected to drive the over all growth of the fiber cement market across the globe from 2020 to 2025.” The global fiber cement market size is projected to grow from USD 16.4 billion in 2020 to USD 20.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 4.4%. The global fiber cement industry has witnessed high growth primarily because of the increasing demand for energy-efficient buildings worldwide. Increase in the government regulations on use of asbestos is another key factor contributing to the rising growth of the fiber cement market over the next few years. “In terms of both volume, cellulosic material (fiber) segment to lead the fiber cement market by 2025.” Cellulosic material (fiber)seg......
$4950

Global Construction Outlook to 2024 (Q2 2020 Update)

Global Construction Outlook to 2024 (Q2 2020 Update) Summary The global construction industry has been under intense stress in recent months amid the COVID-19 crisis and associated containments measures to prevent the continued spread of the virus. Even in countries where the construction industry has been permitted to continue, being exempt from restrictions on general business activity, there has still been widespread disruption and temporary shut downs of construction sites. Reflecting the severe impact on the industry, rovisional data for some major markets in Europe reveal that construction output plummeted in April during the peak of the pandemic in the region, with Italy recording a 68% year-on-year drop, and France a 60% decline. Such unprecedented declines are expected in other......
$4950
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy