Industrial Valves Market By Key vendors, Size, Share, Analysis and Forecasts To 2021
Market Research analysts forecast the global industrial valves market in oil and gas industry to grow at a CAGR of 5.69% during the period 2017-2021.
According to the report, one of the major drivers for this market is government regulations to curb environmental degradation. Several European and American governments have imposed regulations on the oil and gas industry to safeguard the interests of both environment and human life. The European Union has formulated strict guidelines to ensure that these industries incorporate operational safety and reduction in emission. Leakage and spilling of harmful and toxic substances are being curbed to prevent the detrimental effect on human life and the environment.
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Further, the report states that one of the major factors hindering the growth of this market is uncertainties in oil and gas sector due to price fluctuation. The 2014 dip in oil prices has affected the global market considerably, especially in countries that are major exporters, such as Mexico, Venezuela, Colombia, Russia and the Middle East countries. Thus, these economies took a hit in terms of the revenue earned. The increase of shale gas exploration in the US, the Middle East did not reduce output due to the fear of losing market share resulting in the declining oil and gas prices, from $97 per barrel in 2014 to $48 per barrel in 2015.
About Industrial Valves
The oil and gas industry is one of the major end-users of industrial valves. The industry contributes a significant share in terms of the overall market revenue. Owing to the criticality of processes carried out in the oil and gas sector and the need to transport fluids from one stage of the process to another, industrial valves find increased applications in this sector. The industrial valves ensure smooth operations by regulating and controlling the movement of fluids.
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Covered in this report
The report covers the present scenario and the growth prospects of the global industrial valves market in oil and gas industry for 2017-2021. To calculate the market size, the report includes revenue generated through the sales made by the products, by end users, and by geography. It also includes the revenue generated through the maintenance and after-sales services carried out by the market vendors.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Global Industrial Valves Market in Oil and Gas Industry 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
Cameron
Emerson
Flowserve
Pentair
AVK
Other prominent vendors
4matic
A V Valves
Alfa Laval
Brooksbank
Cameroon
Camtech Valves
CIRCOR Energy
Crane
Crescent Valves
Curtiss-Wright
Fluuitek Orsenigo Valves
Market driver
Government regulations to curb environmental degradation
For a full, detailed list, view our report
Market challenge
Uncertainties in oil and gas sector due to price fluctuation
For a full, detailed list, view our report
Market trend
Rising number of mergers and acquisitions
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?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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