Market Research Logo

Global Oil and Gas Storage Valves Market 2017-2021

About Oil and Gas Storage Valves

Crude oil, natural gas, and petroleum products are stored in large tanks or underground storage facilities. Valves are installed on the inlet and outlet lines of storage facilities for controlling the flow of hydrocarbons and to shut-off the lines as required. Based on storage type, the global oil and gas storage valves market is segmented into two types namely Aboveground storage, and Underground storage.

Technavio’s analysts forecast the global oil and gas storage valves market to grow at a CAGR of 3.22% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global oil and gas storage valves market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Oil and Gas Storage Valves Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • AVK Holding
  • Cameron
  • Emerson
  • Flowserve
  • KSB
  • Master Flo Valve
Other prominent vendors
  • AAI - American Aaron International
  • Actuation Valve and Control
  • Advance Valves
  • AMCO INDUSTRIAL VALVES
  • ASW and D&R
  • Delpro Automation
  • Hatfield and Company
  • MaiTuo Valve
  • Pacific Oilfield
  • Power Valves International
  • Severe Service Valve
  • Velan
  • Wärtsilä
  • Xiamen Bofa Valve
  • Zhejiang Xinhai Valve Manufacturing
  • The Weir Group
  • Curtiss-Wright
  • Camtech Manufacturing FZCO
  • CIRCOR Energy
  • TechnipFMC
  • Crane
  • Honeywell
  • Brooksbank Valves
  • Crescent Valves Manufacturing
Market driver
  • Rise in global refinery capacity expansion
  • For a full, detailed list, view our report
Market challenge
  • Corrosion in storage tank valves
  • For a full, detailed list, view our report
Market trend
  • Market consolidation of major vendors
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Oil and Gas Storage Valves Market 2017-2021

Technavio recognizes the following companies as the key players in the global oil and gas storage valves market: AVK Holding, Cameron, Emerson, Flowserve, KSB, and Master Flo Valve.

Other Prominent Vendors in the market are: AAI - American Aaron International, Actuation Valve and Control, Advance Valves, AMCO INDUSTRIAL VALVES, ASW and D&R, Delpro Automation, Hatfield and Company, MaiTuo Valve, Pacific Oilfield, Power Valves International, Severe Service Valve, Velan, Wärtsilä, Xiamen Bofa Valve, Zhejiang Xinhai Valve Manufacturing, The Weir Group, Curtiss-Wright, Camtech Manufacturing FZCO, CIRCOR Energy, TechnipFMC, Crane, Honeywell, Brooksbank Valves, and Crescent Valves Manufacturing.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is market consolidation of major vendors. For the oil and gas industry, the journey over the past decade has been a roller coaster ride owing to fluctuations in crude oil price. As per the US Energy Information Administration, crude oil prices were hovering over $111.80/bbl. in June 2014 and fell to $47.76/bbl. in January 2015 in a span of just seven months.”

According to the report, one driver in the market is rise in global refinery capacity expansion. Crude oil refineries are the backbone of the oil and gas industry. They process raw crude oil into valuable consumable petroleum products. Refineries consist of large tank farms that have storage tanks for storage of crude oil, natural gas, petroleum products, and intermediates. The recent crude oil price slump has greatly benefitted the downstream industry, which has resulted in increased investments in the downstream sector of the oil and gas industry.

Further, the report states that one challenge in the market is corrosion in storage tank valves. The consequences of corrosion have become a grave problem in the oil and gas industry. This form of degradation occurs in all modes of transportation and storage in the hydrocarbon supply chain. Hydrocarbon streams contain some amount of sulfur, which is a potent corrosive agent for pipelines and other equipment in the oil and gas industry. Valves installed in process pipelines are prone to corrosion and fouling. This may lead to valve malfunctioning or failure, which allows oil and gas to leak and increase the risk of fire.

Companies Mentioned

AVK Holding, Cameron, Emerson, Flowserve, KSB, Master Flo Valve, AAI - American Aaron International, Actuation Valve and Control, Advance Valves, AMCO INDUSTRIAL VALVES, ASW and D&R, Delpro Automation, Hatfield and Company, MaiTuo Valve, Pacific Oilfield, Power Valves International, Severe Service Valve, Velan, Wärtsilä, Xiamen Bofa Valve, Zhejiang Xinhai Valve Manufacturing, The Weir Group, Curtiss-Wright, Camtech Manufacturing FZCO, CIRCOR Energy, TechnipFMC, Crane, Honeywell, Brooksbank Valves, and Crescent Valves Manufacturing.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Overview of the oil and gas value chain
  • Market landscape
    • Market overview
      • Table Global oil and gas storage valves market overview
    • Market size and forecast
      • Table Global oil and gas storage valves market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global oil and gas storage valves market by application
      • Table Global oil and gas storage valves market by application 2016 and 2021 (%)
      • Table Global oil and gas storage valves market by application 2016-2021 ($ millions)
    • Global oil and gas storage valves market by aboveground storage
      • Table Global oil and gas storage valves market by aboveground storage 2016-2021 ($ millions)
    • Global oil and gas storage valves market by underground storage
      • Table Global oil and gas storage valves market by underground storage 2016-2021 ($ millions)
      • Table Annual average emergency stock in days equivalent 2013-2016
  • Geographical segmentation
    • Global oil and gas storage valves market by geography
      • Table Global oil and gas storage valves market by geography 2016 and 2021 (%)
      • Table Global oil and gas storage valves market by geography 2016-2021 ($ millions)
    • Oil and gas storage valves market in the Americas
      • Table Oil and gas storage valves market in Americas 2016-2021 ($ millions)
      • Table Petroleum consumption in Americas 2010-2015 (mbpd)
      • Table Global rig count 2014-2017
    • Oil and gas storage valves market in EMEA
      • Table Oil and gas storage valves market in EMEA 2016-2021 ($ millions)
    • Oil and gas storage valves market in APAC
      • Table Oil and gas storage valves market in APAC 2016-2021 ($ millions)
      • Table Consumption of petroleum in APAC 2005-2015 (mbpd)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Cumulative retirement of coal and nuclear power capacity in the US 2017-2020 (GW)
    • Market challenges
      • Table Global renewable investments 2002-2016 ($ billions)
  • Market trends
    • Market consolidation of major vendors
    • Rise in global rig count
      • Table Rig count 2016-2017
    • Big data analytics in the oil and gas industry
  • Vendor landscape
    • Competitive Scenario
    • Other prominent vendors
      • Table Other prominent vendors (Indicative list)
  • Key vendor analysis
    • AVK Holding
      • Table AVK Holding: Industrial valve companies
      • Table AVK Holding: Key products
    • Cameron
      • Table Cameron: Key product applications
      • Table Cameron: Key products
    • Emerson
      • Table Emerson: Industries Served
      • Table Emerson: Key products
    • Flowserve
      • Table Flowserve: Industries served
      • Table Flowserve: Key products
    • KSB
      • Table KSB: Industries served and services offered
      • Table KSB: Key products
    • Master Flo Valve
      • Table Master Flo Valve: Business offering
      • Table Master Flo Valve: Key products
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report