About the Water and Gas Valves Market
Valves are present in virtually any industrial process, including water and wastewater treatment, oil and gas production, mining, power generation, food and beverage, chemicals and petrochemicals, food manufacturing, paper and pulp, and plastic manufacturing. The various types of valves include quarter-turn valves (ball valves, butterfly valves, and plug valves), multi-turn valves (gate valves, globe valves, and needle valves), and control valves.
Valves can be actuated and vary depending on the types such as hydraulic, pneumatic, motorized, solenoid, and manual. Previously, industries used a significant number of manually operated valves. However, with the development of technology, valves have gradually evolved with remote actuation technology, thereby increasing their efficiency.
Technavio’s analysts forecast the global water and gas valves market to grow at a CAGR of 4.5% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global water and gas valves market for 2016-2020. The market size has calculated is based on sales of water and gas valves during the historic period.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Water and Gas Valves Market 2016-2020
Technavio recognizes the following companies as the key players in the global water and gas valves market: Cameron, Emerson Electric, Flowserve, KSB, and Pentair.
Other Prominent Vendors in the market are: Alfa Laval, AVK Group, Crane, Curtiss-Wright, and Honeywell International.
Commenting on the report, an analyst from Technavio’s team said: “One trend that is boosting market growth is the increased demand for quarter-turn valves. Some end-users of industrial valves are increasingly adopting quarter-turn valves. The closure shaft of these valves needs to be rotated 90 degrees. Butterfly, ball, and plug valves are the main types of quarter-turn valves. These quarter-turn valves are gaining importance as the closure shaft ensures quick opening or closing of valves. The growth of the water industry, especially in APAC and EMEA has increased the demand for quarter-turn valves, as valves are used in this industry to control and regulate the flow of water through pipelines. Quarter-turn valves also find high application in the oil and gas, power, pharmaceutical, food and beverage, pulp and paper, and oil refinery industries.”
According to the report, a key growth driver is the rising demand from water and wastewater treatment industry. There is increased demand for high quality and uncontaminated water for domestic consumption purposes. Though advanced economies have a well-developed infrastructure for water production, they lack effective supply facilities, resulting in impurities polluting the water during conveyance. This has led to several European countries shifting their focus toward improving municipal water treatment infrastructure. These countries have already employed technologically advanced industrial water treatment infrastructure.
Further, the report states that one challenge that could restrict market growth is the escalation in price wars among vendors. The threat of losing market share to local vendors is also quite high.
Cameron, Emerson Electric, Flowserve, KSB, Pentair, Alfa Laval, AVK Group, Crane, Curtiss-Wright, Honeywell International.