
Latin America LPG Gas Valves and Accessories Market
Description
Latin America LPG Gas Valves and Accessories Market
Latin America LPG valves and accessories market was valued at approximately USD 302 million in 2023 and is projected to indicate a CAGR of around 3.6% from 2024 to 2032. The growing preference for LPG, recognized for its efficiency and lower carbon footprint than other fossil fuels, drives the demand for high-quality valves and accessories. This demand is further strengthened by the region's economic growth. As urbanization accelerates, a hallmark of infrastructure development, there's a pressing need to expand and modernize LPG distribution networks. Countries like Brazil and Mexico, experiencing notable industrial growth, highlight the increasing reliance on robust LPG systems.
The overall Latin America LPG valves and accessories industry is classified based on product type, pressure range, application, end-use, distribution channel, and country.
The market is divided into valves and accessories based on product type. In 2023, the valves segment generated approximately USD 172 million in revenue, with expectations to grow to USD 231 million by 2032. Valves are crucial in LPG systems, managing flow, pressure, and safety in gas distribution. Their importance is underscored by their roles in regulating, stopping, and directing LPG flow. As LPG's applications expand across residential, commercial, and industrial sectors, the demand for various valve types remains strong.
The market segments applications into cooking, heating, power generation, medical gas delivery, compressed air storage, LPG bulk storage, pneumatic systems, and more. In 2023, the cooking segment led with a market share of about 33%, projected to grow to 34% by 2032. LPG is a dominant energy source for cooking in Latin America, especially in residential and commercial kitchens. Its efficiency often makes it the preferred choice over other fuels, driving up the demand for related valves and accessories. As urbanization progresses and lifestyles evolve, the appetite for LPG in home cooking intensifies. This growing adoption in households and commercial spaces amplifies the demand for premium valves and accessories.
Brazil, with a market share of around 30% in 2023, is projected to reach USD 130 million by 2032. As one of the top LPG consumers in Latin America, Brazil utilizes LPG extensively for residential cooking, industrial needs, and commercial activities. This robust demand highlights the necessity for valves and accessories to ensure safe gas management. LPG's versatility spans residential kitchens, commercial food services, manufacturing, and energy production. Such diverse applications necessitate a broad range of LPG valves and accessories.
Table of Contents
161 Pages
- Chapter 1 Methodology & Scope
- 1.1 Market Definitions
- 1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
- 1.3 Base estimates and calculations
- 1.3.1 Base year calculation
- 1.3.2.1 Key trends for market estimates
- 1.4 Forecast model
- 1.5 Primary research & validation
- 1.5.1 Primary sources
- 1.5.2 Data mining sources
- Chapter 2 Executive Summary
- 2.1 Latin America LPG Gas Valves and Accessories industry 360° synopsis, 2023 - 2032
- 2.2 Business trends
- 2.3 Product type trends
- 2.4 Pressure range trends
- 2.5 Application trends
- 2.6 End-use trends
- 2.7 Distribution channel trends
- 2.8 Country trends
- Chapter 3 Latin America LPG Gas Valves and Accessories Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Factors affecting the value chain.
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
- 3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.1.1 Increasing demand for AI integrated Valves
- 3.2.1.2 Rapid Industrialization
- 3.2.1.3 Stringent laws and regulations for valve safety
- 3.2.2 Pitfalls & Challenges
- 3.2.2.1 High initial costs
- 3.3 Growth potential analysis
- 3.4 Future Market Trends
- 3.5 Regulatory landscape
- 3.5.1 Brail
- 3.5.2 Mexico
- 3.5.3 Argentina
- 3.5.4 Peru
- 3.6 Technological Overview
- 3.7 Porter's analysis
- 3.7.1 Supplier power (moderate to high)
- 3.7.2 Buyer power (low to moderate)
- 3.7.3 Threat of new entrants (low)
- 3.7.4 Threat of substitutes (moderate)
- 3.8 PESTEL analysis
- Chapter 4 Competitive Landscape
- 4.1 Introduction
- 4.2 Latin America company market share analysis, 2023
- 4.3 Competitive analysis of major market players
- 4.4 Competitive positioning matrix
- 4.5 Strategic outlook matrix
- Chapter 5 Latin America LPG Gas Valves and Accessories Market, By Product Type
- 5.1 Key product type trends
- 5.2 Valves
- 5.2.1 Latin America LPG Gas Valves and Accessories market, by valves, 2021 - 2032 (Thousand Units) (USD Million)
- 5.2.2 Ball valves
- 5.2.2.1 Latin America LPG Gas Valves and Accessories market, by ball valves, 2021 - 2032 (Thousand Units) (USD Million)
- 5.2.3 Globe valves
- 5.2.3.1 Latin America LPG Gas Valves and Accessories market, by globe valves, 2021 - 2032 (Thousand Units) (USD Million)
- 5.2.4 Check valves
- 5.2.4.1 Latin America LPG Gas Valves and Accessories market, by check valves, 2021 - 2032 (Thousand Units) (USD Million)
- 5.2.5 Safety valves
- 5.2.5.1 Latin America LPG Gas Valves and Accessories market, by safety valves, 2021 - 2032 (Thousand Units) (USD Million)
- 5.2.6 Shut-off valves
- 5.2.6.1 Latin America LPG Gas Valves and Accessories market, by shut-off valves, 2021 - 2032 (Thousand Units) (USD Million)
- 5.2.7 Pressure relief & regulator valves
- 5.2.7.1 Latin America LPG Gas Valves and Accessories market, by pressure relief & regulator valves, 2021 - 2032 (Thousand Units) (USD Million)
- 5.2.8 Others
- 5.2.8.1 Latin America LPG Gas Valves and Accessories market, by others, 2021 - 2032 (Thousand Units) (USD Million)
- 5.3 Accessories
- 5.3.1 Latin America LPG Gas Valves and Accessories market, by accessories, 2021 - 2032 (Thousand Units) (USD Million)
- 5.3.2 Quick-connect couplings
- 5.3.2.1 Latin America LPG Gas Valves and Accessories market, by quick-connect couplings, 2021 - 2032 (Thousand Units) (USD Million)
- 5.3.3 Flexible hoses
- 5.3.3.1 Latin America LPG Gas Valves and Accessories market, by flexible hoses, 2021 - 2032 (Thousand Units) (USD Million)
- 5.3.4 Pressure gauge & flow meters
- 5.3.4.1 Latin America LPG Gas Valves and Accessories market, by pressure gauge & flow meters, 2021 - 2032 (Thousand Units) (USD Million)
- 5.3.5 Others
- 5.3.5.1 Latin America LPG Gas Valves and Accessories market, by others, 2021 - 2032 (Thousand Units) (USD Million)
- Chapter 6 Latin America LPG Gas Valves and Accessories Market, By Pressure Range
- 6.1 Key pressure range trends
- 6.2 High pressure (upto 5000 psi)
- 6.2.1 Latin America LPG Gas Valves and Accessories market, by high pressure (upto 5000 psi), 2021 - 2032 (Thousand Units) (USD Million)
- 6.3 Ultra-high pressure (above 5000 psi)
- 6.3.1 Latin America LPG Gas Valves and Accessories market, by ultra-high pressure (above 5000 psi), 2021 - 2032 (Thousand Units) (USD Million)
- Chapter 7 Latin America LPG Gas Valves and Accessories Market, By Application
- 7.1 Key application trends
- 7.2 Cooking
- 7.2.1 Latin America LPG Gas Valves and Accessories market, by cooking, 2021 - 2032 (Thousand Units) (USD Million)
- 7.3 Heating
- 7.3.1 Latin America LPG Gas Valves and Accessories market, by heating, 2021 - 2032 (Thousand Units) (USD Million)
- 7.4 Power generation
- 7.4.1 Latin America LPG Gas Valves and Accessories market, by power generation, 2021 - 2032 (Thousand Units) (USD Million)
- 7.5 Medical gas delivery
- 7.5.1 Latin America LPG Gas Valves and Accessories market, by medical gas delivery, 2021 - 2032 (Thousand Units) (USD Million)
- 7.6 Compressed air storage
- 7.6.1 Latin America LPG Gas Valves and Accessories market, by compressed air storage, 2021 - 2032 (Thousand Units) (USD Million)
- 7.7 LPG bulk storage
- 7.7.1 Latin America LPG Gas Valves and Accessories market, by LPG bulk storage, 2021 - 2032 (Thousand Units) (USD Million)
- 7.8 Pneumatic system
- 7.8.1 Latin America LPG Gas Valves and Accessories market, by pneumatic system, 2021 - 2032 (Thousand Units) (USD Million)
- 7.9 Others
- 7.9.1 Latin America LPG Gas Valves and Accessories market, by others, 2021 - 2032 (Thousand Units) (USD Million)
- Chapter 8 Latin America LPG Gas Valves and Accessories Market, By End-Use
- 8.1 Key end-use trends
- 8.2 Manufacturing industries
- 8.2.1 Latin America LPG Gas Valves and Accessories market, by manufacturing industries, 2021 - 2032 (Thousand Units) (USD Million)
- 8.3 Healthcare
- 8.3.1 Latin America LPG Gas Valves and Accessories market, by healthcare, 2021 - 2032 (Thousand Units) (USD Million)
- 8.4 Energy
- 8.4.1 Latin America LPG Gas Valves and Accessories market, by energy, 2021 - 2032 (Thousand Units) (USD Million)
- 8.5 LPG transportation
- 8.5.1 Latin America LPG Gas Valves and Accessories market, by LPG transportation, 2021 - 2032 (Thousand Units) (USD Million)
- 8.6 Commercial kitchens and food service providers
- 8.6.1 Latin America LPG Gas Valves and Accessories market, by commercial kitchens and food service providers, 2021 - 2032 (Thousand Units) (USD Million)
- 8.7 Workshop and maintenance services
- 8.7.1 Latin America LPG Gas Valves and Accessories market, by workshop and maintenance services, 2021 - 2032 (Thousand Units) (USD Million)
- 8.8 Others
- 8.8.1 Latin America LPG Gas Valves and Accessories market, by others, 2021 - 2032 (Thousand Units) (USD Million)
- Chapter 9 Latin America LPG Gas Valves and Accessories Market, By Distribution Channel
- 9.1 Key distribution channel trends
- 9.2 Direct
- 9.2.1 Latin America LPG Gas Valves and Accessories market, by direct, 2021 - 2032 (Thousand Units) (USD Million)
- 9.3 Indirect
- 9.3.1 Latin America LPG Gas Valves and Accessories market, by indirect, 2021 - 2032 (Thousand Units) (USD Million)
- Chapter 10 Latin America LPG Gas Valves and Accessories Market, By Country
- 10.1 Key country trends
- 10.2 Brazil
- 10.2.1 Brazil LPG Gas Valves and Accessories market, 2021 - 2032 (Thousand Units) (USD Million)
- 10.2.2 Brazil LPG Gas Valves and Accessories market, product type, 2021 - 2032 (Thousand Units) (USD Million)
- 10.2.3 Brazil LPG Gas Valves and Accessories market, pressure range, 2021 - 2032 (Thousand Units) (USD Million)
- 10.2.4 Brazil LPG Gas Valves and Accessories market, application, 2021 - 2032 (Thousand Units) (USD Million)
- 10.2.5 Brazil LPG Gas Valves and Accessories market, end-use, 2021 - 2032 (Thousand Units) (USD Million)
- 10.2.6 Brazil LPG Gas Valves and Accessories market, distribution channel, 2021 - 2032 (Thousand Units) (USD Million)
- 10.2.7 Brazil LPG Gas Valves and Accessories market, region, 2021 - 2032 (Thousand Units) (USD Million)
- 10.3 Mexico
- 10.3.1 Mexico LPG Gas Valves and Accessories market, 2021 - 2032 (Thousand Units) (USD Million)
- 10.3.2 Mexico LPG Gas Valves and Accessories market, product type, 2021 - 2032 (Thousand Units) (USD Million)
- 10.3.3 Mexico LPG Gas Valves and Accessories market, pressure range, 2021 - 2032 (Thousand Units) (USD Million)
- 10.3.4 Mexico LPG Gas Valves and Accessories market, application, 2021 - 2032 (Thousand Units) (USD Million)
- 10.3.5 Mexico LPG Gas Valves and Accessories market, end-use, 2021 - 2032 (Thousand Units) (USD Million)
- 10.3.6 Mexico LPG Gas Valves and Accessories market, distribution channel, 2021 - 2032 (Thousand Units) (USD Million)
- 10.4 Argentina
- 10.4.1 Argentina LPG Gas Valves and Accessories market, 2021 - 2032 (Thousand Units) (USD Million)
- 10.4.2 Argentina LPG Gas Valves and Accessories market, product type, 2021 - 2032 (Thousand Units) (USD Million)
- 10.4.3 Argentina LPG Gas Valves and Accessories market, pressure range, 2021 - 2032 (Thousand Units) (USD Million)
- 10.4.4 Argentina LPG Gas Valves and Accessories market, application, 2021 - 2032 (Thousand Units) (USD Million)
- 10.4.5 Argentina LPG Gas Valves and Accessories market, end-use, 2021 - 2032 (Thousand Units) (USD Million)
- 10.4.6 Argentina LPG Gas Valves and Accessories market, distribution channel, 2021 - 2032 (Thousand Units) (USD Million)
- 10.5 Peru
- 10.5.1 Peru LPG Gas Valves and Accessories market, 2021 - 2032 (Thousand Units) (USD Million)
- 10.5.2 Peru LPG Gas Valves and Accessories market, product type, 2021 - 2032 (Thousand Units) (USD Million)
- 10.5.3 Peru LPG Gas Valves and Accessories market, pressure range, 2021 - 2032 (Thousand Units) (USD Million)
- 10.5.4 Peru LPG Gas Valves and Accessories market, application, 2021 - 2032 (Thousand Units) (USD Million)
- 10.5.5 Peru LPG Gas Valves and Accessories market, end-use, 2021 - 2032 (Thousand Units) (USD Million)
- 10.5.6 Peru LPG Gas Valves and Accessories market, distribution channel, 2021 - 2032 (Thousand Units) (USD Million)
- Chapter 11 Company Profiles
- 11.1 Honeywell International Inc.
- 11.1.1 Global overview
- 11.1.2 Market/Business overview
- 11.1.3 Financial data
- 11.1.3.1 Sales revenue, 2021-2023
- 11.1.4 Product landscape
- 11.1.5 Strategic outlook
- 11.1.6 SWOT analysis
- 11.2 Cameron International Corporation (Schlumberger)
- 11.2.1 Global overview
- 11.2.2 Market/Business overview
- 11.2.3 Financial data
- 11.2.3.1 Sales revenue, 2021-2023
- 11.2.4 Product landscape
- 11.2.5 SWOT analysis
- 11.3 Parker Hannifin Corporation
- 11.3.1 Global overview
- 11.3.2 Market/Business overview
- 11.3.3 Financial data
- 11.3.3.1 Sales revenue, 2021-2023
- 11.3.4 Product landscape
- 11.3.5 Strategic outlook
- 11.3.6 SWOT analysis
- 11.4 Cavagna Group S.p.A.
- 11.4.1 Global overview
- 11.4.2 Market/Business overview
- 11.4.3 Financial data
- 11.4.4 Product landscape
- 11.4.5 Strategic outlook
- 11.4.6 SWOT analysis
- 11.5 Flowserve Corporation
- 11.5.1 Global overview
- 11.5.2 Market/Business overview
- 11.5.3 Financial data
- 11.5.3.1 Sales revenue, 2021-2023
- 11.5.4 Product landscape
- 11.5.5 Strategic outlook
- 11.5.6 SWOT analysis
- 11.6 Emerson Electric Co.
- 11.6.1 Global overview
- 11.6.2 Market/Business overview
- 11.6.3 Financial data
- 11.6.3.1 Sales revenue, 2021-2023
- 11.6.4 Product landscape
- 11.6.5 Strategic outlook
- 11.6.6 SWOT analysis
- 11.7 IMPCO by EControls
- 11.7.1 Global overview
- 11.7.2 Market/Business overview
- 11.7.3 Financial data
- 11.7.4 Product landscape
- 11.7.5 SWOT analysis
- 11.8 Rochester Sensors
- 11.8.1 Global overview
- 11.8.2 Market/Business overview
- 11.8.3 Financial data
- 11.8.4 Product landscape
- 11.8.5 Strategic outlook
- 11.8.6 SWOT analysis
- 11.9 Rotarex
- 11.9.1 Global overview
- 11.9.2 Market/Business overview
- 11.9.3 Financial data
- 11.9.4 Product landscape
- 11.9.5 Strategic outlook
- 11.9.6 SWOT analysis
- 11.10 Orson Holdings Company Ltd
- 11.10.1 Global overview
- 11.10.2 Market/Business overview
- 11.10.3 Financial data
- 11.10.4 Product landscape
- 11.10.5 SWOT analysis
- 11.11 OPW, A Dover Company
- 11.11.1 Global overview
- 11.11.2 Market/Business overview
- 11.11.3 Financial data
- 11.11.3.1 Sales revenue, 2021-2023
- 11.11.4 Product landscape
- 11.11.5 Strategic outlook
- 11.11.6 SWOT analysis
- 11.12 GOK Regler- und Armaturen-Gesellschaft mbH & Co. KG
- 11.12.1 Global overview
- 11.12.2 Market/Business overview
- 11.12.3 Financial data
- 11.12.4 Product landscape
- 11.12.5 Strategic outlook
- 11.12.6 SWOT analysis
- 11.13 KROHNE Messtechnik GmbH
- 11.13.1 Global overview
- 11.13.2 Market/Business overview
- 11.13.3 Financial data
- 11.13.4 Product landscape
- 11.13.5 SWOT analysis
- 11.14 LESER GmbH & Co. KG
- 11.14.1 Global overview
- 11.14.2 Market/Business overview
- 11.14.3 Financial data
- 11.14.4 Product landscape
- 11.14.5 SWOT analysis
- 11.15 Sherwood
- 11.15.1 Global overview
- 11.15.2 Market/Business overview
- 11.15.3 Financial data
- 11.15.4 Product landscape
- 11.15.5 SWOT analysis
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