Industrial Valve Market

Industrial Valve Market: Oil & Gas End Use Industry Segment to Hold Maximum Revenue Share Throughout the Forecast Period: Global Industry Analysis (2012–2016) and Opportunity Assessment (2017-2027)

Oil & Gas to dominate the Global Industrial Valve Market by end use

The demand for petroleum products has skyrocketed across the globe, both in developed and emerging economies. With the introduction of newer technologies, there has been growth in subsea oil and shale gas extraction in diverse regions such as North America and Europe. According to the U.S. Energy Information Administration's International Energy Outlook 2016 (IEO2016) and Annual Energy Outlook 2016, shale gas production comprised more than 50% of natural gas production in the country and it is anticipated to double by the year 2040 to 79 bcf/d by the year 2040. An increasing number of projects in the global Oil & Gas industry should bring about rapid momentum in the pipeline installation and construction industry. These pipelines are laid down over extremely long distances and fitted with a number of valves from the industrial valve market to regulate hydrocarbon flow.

Increased exploration activities for new sources of Oil & Gas to boost sector growth

There has been a noticeable spike in oil & gas exploration activities both offshore and onshore to cater to the ever-increasing need for oil & gas production. New refineries have been built while existing ones have been upgraded or modernised and this is expected to boost demand in the global industrial valve market. Countries in Latin America such as Argentina, Brazil, and Peru, in particular, have seen a massive boost in offshore O&G exploration activities. The industrial valve market growth is directly connected to these upstream and downstream activities. For e.g., Total SA has pledged to spend half a billion dollars over a period of 4 years to develop a shale gas field in Argentina as the national government has promised investors a minimum price.

Greater subsea activities to be a major driver of the industrial valve market

European nations such as Russia and Poland have been investing substantially in subsea exploration. Russia has also looked to the Arctic Circle to extract precious natural resources. The installation of such subsea stations and the processing of minerals along with the installation of temporary setups is predicted to fuel the growth of the global industrial valve market. According to a PennWell Corporation report, Nord Stream 2 AG contracted Allseas in 2016 for the Nord Stream 2 natural gas offshore pipeline in the Baltic Sea. These pipelines are forecast to expand the capacity along the Baltic route from Germany to Russia.

industrial valve market

Decline in oil prices to be a key challenge for the Oil & Gas industry

The glut in oil prices has brought about an element of uncertainty in the Oil & Gas industry, leading to a pause in innovations and R&D activities. This directly impacts the industrial valve market, as Oil & Gas is the largest end-user of the industrial valve market. For the next few years, the chance of new projects being approved across different countries appears quite slim. This will likely hamper the profitable growth of the global industrial valve market.

China and India to drive the APEJ boom in the Oil & Gas industry

Rapid economic growth and rising disposable income has led to improved infrastructure and the need for personal mobility in the APEJ region. This should definitely help the APEJ industrial valve market. The Oil & Gas end use industry segment in the APEJ industrial valve market is anticipated to grow 1.6X over the forecast period. From a market valuation of around US$ 7.6 Bn in 2016, the Oil & Gas end use industry segment in the APEJ industrial valve market is forecast to rise to nearly US$ 12.7 Bn by the end of 2027, registering a CAGR of 4.7%. In terms of volume, it should be just below 89,000,000 pieces by the end of the forecast period from approximately 54,550,000 pieces in 2016 with a CAGR of 4.5%.

Report Description

Industrial valves, as the name suggests, are primarily used to carry reactive gases, acids, water, slurry, and powder. The main functions of industrial valves are 1) Stop/ Start, 2) Throttle and 3) Non-return. In the Future Market Insights report ‘Industrial Valve Market: Global Industry Analysis (2012–2016) and Opportunity Assessment (2017-2027)’, we have studied the global industrial valve market on the basis of important characteristics and provided an in-depth analysis of the industrial valve market at a global level. We have also put forth our assessment of the ample opportunities that can be availed in the global industrial valve market for the decadal study period 2017-2027.

Market Taxonomy

Industrial Valve Type

Function Type

Make Type

Raw Material  Type

End-Use Industries

Regions

  •  Gate

    •  Parallel Shape

    •  Wedge Shape

  •  Globe

    •  Tee

    •  Angle

    •  Wye

  •  Ball

    •  Trunion

    •  Floating

    •  Threaded Series

  •  Butterfly

    •  High Performance

    •  Lined

  •  Plug

    •  Lined

    •  Lubricated

    •  Non-Lubricated

  •  Check

    •  Dual Plate

    •  Piston (Lift)

    •  Spring Loaded Disk

    •  Swing Check

    •  Tilting Check

    •  Y-Pattern

    •  T-Pattern

  •  Safety Relief

    •  Spring Loaded

    •  Pilot Operated

    •  Others (Customised Valves)

  • Automatic Valves

  • Manual Valves

  • Forging

  • Casting

  • Cast Steel

  • Carbon Steel

  • Stainless Steel

  • Bronze

  • Other Alloys

  • Oil & Gas

  • Chemical

  • Water Treatment

  • Power Plants

  • Paper & Pulp

  • Others ( Manufacturing, Textile)

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • APEJ

  • MEA

  • Japan

In the competitive assessment section, we have taken an in-depth look at the competition landscape that potential stakeholders can expect to face in the global industrial valve market. We have given the market structure, market share analysis, and competition intensity mapping based on the industrial valve market taxonomy. 20 key players operating in the global industrial valve market have been analysed in our report. We have provided a brief overview and mentioned key facts, strategies adopted, and recent developments of these companies. Financial metrics can be invaluable for a potential SWOT analysis.

Our report on the global industrial valve market begins with an executive summary that is a concise yet comprehensive first glance of the industrial valve market. It includes a critical market overview and analysis. Our expert analysts have studied the industrial valve market extensively and have certain views and recommendations based on their knowledge. Our report readers would be well advised to refer to this highly critical section of the global industrial valve market report. The executive summary is complemented by the industrial valve market introduction chapter wherein we have given the industrial valve market taxonomy and key market definitions. This section is recommended for those readers who wish to understand the industrial valve market at a grassroots level. The parent market overview concludes this key section of the industrial valve market report.

An important section of the industrial valve market report is the Global Market Analysis 2012–2016 and Forecast 2017–2027. In this chapter, we begin with the industrial valve market volume projections and the market size based on key metrics such as Y-o-Y growth and absolute dollar opportunity. The Product-Cost structure analysis and Porter’s Five Forces model can be extremely beneficial for all relevant stakeholders in the global industrial valve market.

Class-leading Research Methodology

Future Market Insights has devised a research methodology that stands head and shoulders above its immediate rivals in the industry. Our analysts begin by conducting exhaustive primary and secondary research to formulate a market player list. The list comprises every node in the value chain following which a questionnaire is prepared to extract all relevant data pertaining to the industrial valve market. The data thus acquired is then thoroughly validated using the triangulation method wherein primary and secondary data are merged with our analysis to arrive at the final data points. This data is finally scrutinised using advanced tools to gain both qualitative and quantitative insights into the global industrial valve market.