Industrial Valves Industry Strengths And Weaknesses Of The Key Vendors

Industrialvalves market is increasingly growing due to latest induction of advanced technology in valves like intelligent control systems, which transforms the valves into “Smart” valves. Also, due to surge in demand for oil around the world, demand for valves has grown favorably for the market.

Growth Overview

Market has been experiencing growth from recent years and is expected to keep on growing due to emergence of several new factors in the arena. The market is segmented by product types such as ball, butterfly, gate, globe and check valves. Among these products ball type valve leads with high market share and high rate of growth. Ball valves are used in places where tight sealing is required and are in huge demand from shipping, oil & gas, and wastewater treatment facilities among others. Rise in ever growing demand for oil and gas around the world is fueling the growth of this market. Apart from this, butterfly and check valves has also benefitted from the rise in demand for oil & gas.

Recently, cryogenic valves also came in the picture. These valves have unique ability to be functional not only at low temperature but also at high pressure. This makes it different from the standard valves and are in high demand in the companies that work in Compressed natural gas (CNG) and Liquified Natural Gas (LNG).

Oil & Gas- prominent user of valves.

Oil & Gas sector is the major user of the valves, due to rising need of exploration, deeper wells, longer pipelines and the need to reduce the production costs along with the technological advancements in processing, production and transportation. Apart from this, increasing automation and long-distance monitoring needs, pushes the demand to a higher level.

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Rising water stress pushes the need.

All over the world, water is the most precious resource for humankind and most wasted one as well. Due to this, decrease in the availability of water has given rise to the need of using it cautiously. Valves are used to stop the fluids, in this case water, from getting spilt and wasted. Therefore, rise in demand for valves in the market is supported by rising awareness and need to save water. Apart from this, it is also used in disposing and treating wastewater at wastewater treatment facilities.

Market players.

Industrial valves market is intensely competitive and dynamic research and development is part of the normal. Companies like Flowserve Corporation, Kitz Corp., Curtiss-Wright Corp., Emerson Electric, KSB AG and Pentair PLC are dominant players in this sector.

Other players include CIRCOR International, Cameron International, AlfaLaval AB, AVK Group, Camtech Manufacturing FZCO, Delta-Pacific Valves Ltd., Goodwin PLC, GWC Valve International Inc., and Watts Water Technologies, Inc.