According to the latest market research study by Technavio, the global industrial valves market in the oil and gas industry is expected to grow at a CAGR of close to 6% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global industrial valves market in the oil and gas industry in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the product
Click here to request a free sample of this report
The top three revenue contributing product segments are discussed below:
Ball valves: The ball valves segment is expected to grow steadily during the forecast period. Based on the body size of the ball valve such as fully welded, side or end-entry, split body and top-entry valves are available in the market for the oil and gas industry.
“The fully welded ball valves, due to maximum strength, minimum weight, and resistance to pressure and stress, find high application in the oil and gas industry. Moreover, due to the benefits of leak protection, low wear and tear, and longer service life, ball valves are increasingly being deployed in subsea applications for oil and gas recovery,” says Bharath Kanniappan, a lead analyst at Technavio for research on automation.
Plug valves: Ability to perform under pressure and temperature variations is one of the most important factors that will fuel the demand for plug valves in the oil and gas industry. Plug valves are deployed in operations that require quick and frequent control.
Gate Valves: Gate valves are the most commonly used linear motion valves. Gate valves are expected to witness rising demand over other industrial valves in the oil and gas industry due to the simplicity of function and advantages of minimum restriction in fluid movement.
Ask an analyst to know more about this report
The top vendors operating in the global industrial valves market in the oil and gas industry are:
- Cameron
- Emerson
- Flowserve
- Pentair
- AVK
The other prominent vendors in the market include 4matic, A V Valves, Alfa Laval, Brooksbank, Cameroon, Camtech Valves, CIRCOR Energy, Crane, Crescent Valves, Curtiss-Wright, Fluuitek Orsenigo Valves, FMC, GE, Honeywell International, IMI, ITT, KITZ, KSB, CVC Valves, Microfinish Valves, MIR VALVE, MRC Global, Neway, Oliver Valves, OMB Valve, Pentair, Rotork, SAMSON Controls, Teji Valve, Valmax, Valvitalia, Velan, Weir, and Wuzhou Valve.
A more detailed analysis is available in the Technavio market research report titled, ‘Global Industrial Valves Market in the Oil And Gas Industry 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
