PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1462533
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1462533
Gas Valve Market - By Product Type (Gate Valves, Control Valves, Ball Valves, Butterfly Valve, Plug Valves), By Application (Oil & Gas Production, Gas Pipeline Transportation, Municipal Gas), By End User & Forecast, 2024 - 2032
Global Gas Valve Market size will demonstrate a 4.5% CAGR from 2024 to 2032, owing to advancements in valve technology coupled with a growing emphasis on safety regulations. As industries prioritize safety in gas handling, the demand for more sophisticated valves with enhanced safety features rises. Manufacturers are innovating with smart valves, offering remote monitoring and control capabilities. These technological advancements improve operational efficiency and ensure compliance with stringent safety standards. The combination of safety-focused innovations and technological progress will expand the gas valve industry.
For instance, in November 2023, Flowserve introduced its latest innovation, the Worcester Cryogenic series, comprising quarter-turn, reduced-port, floating ball valves. These valves are specifically designed for industries such as LNG, hydrogen, and other sectors dealing with industrial gases.
The gas valve industry is segmented based on product type, application, end-user, and region.
The municipal gas segment will accumulate substantial gains by 2032, fueled by the crucial role gas valves play in regulating gas flow in urban settings and ensuring safety in public buildings, streets, and pipelines. With governments worldwide prioritizing infrastructure development and citizen welfare, the demand for gas valves in municipal applications is rising. These valves facilitate efficient gas distribution and minimize the risk of leaks. As urbanization continues, the municipal gas segment will emerge as a pivotal contributor to the gas valve industry.
The ball valves segment will capture a considerable gas valve market share through 2032, driven by its versatility and reliability. Industries such as oil and gas, water treatment, and chemicals favor ball valves for their efficient flow control and durability. Withstanding high pressure and temperature, these valves offer exceptional performance. As companies prioritize safety and operational efficiency, the demand for ball valves continues to rise. Their widespread adoption across various sectors will position the ball valves segment as a dominant force in the market, shaping its trajectory significantly.
Europe gas valve market will secure a notable CAGR by 2032. The region's stringent safety standards, technological advancements, and diverse industrial landscape drive this trend. Countries like Germany and Italy are leading in adopting innovative valve solutions, particularly in the oil & gas and chemical sectors. Moreover, Europe's focus on sustainability and efficiency propels the demand for high-quality gas valves. With its proactive approach and robust manufacturing base, Europe will stand as a primary contributor to the gas valve industry expansion.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast calculations
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360 degree synopsis, 2018-2032
Chapter 3 Market Insights
- 3.1 Industry ecosystem analysis
- 3.2 Raw material analysis
- 3.3 Key news and initiatives
- 3.3.1 Partnership/Collaboration
- 3.3.2 Merger/Acquisition
- 3.3.3 Investment
- 3.3.4 Product launch & innovation
- 3.4 Regulatory landscape
- 3.5 Impact forces
- 3.5.1 Growth drivers
- 3.5.2 Industry pitfalls & challenges
- 3.6 Consumer buying behavior analysis
- 3.7 Growth potential analysis
- 3.8 Porter's analysis
- 3.9 PESTEL analysis
- 3.10 Trade analysis
- 3.10.1 Export data
- 3.10.2 Import data
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share, 2023
- 4.3 Competitive analysis of major market players, 2023
- 4.4 Competitive positioning matrix, 2023
- 4.5 Strategic outlook matrix, 2023
Chapter 5 Market Estimates & Forecast, By Product Type, 2018-2032, (USD Billion; Million Units)
- 5.1 Key trends
- 5.2 Gate valves
- 5.3 Control valves
- 5.4 Ball valves
- 5.5 Butterfly valve
- 5.6 Plug valves
- 5.7 Others
Chapter 6 Market Estimates & Forecast, By Application, 2018-2032, (USD Billion; Million Units)
- 6.1 Key trends
- 6.2 Oil & gas production
- 6.3 Gas pipeline transportation
- 6.4 Municipal gas
- 6.5 Others
Chapter 7 Market Estimates & Forecast, By End User, 2018-2032, (USD Billion; Million Units)
- 7.1 Key trends
- 7.2 Aerospace & defense
- 7.3 Food processing
- 7.4 Automotive
- 7.5 Chemical & petroleum
- 7.6 Others
Chapter 8 Market Estimates & Forecast, By Region, 2018-2032, (USD Billion; Million Units)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.2.3 Rest of North America
- 8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 Australia
- 8.4.6 Malaysia
- 8.4.7 Indonesia
- 8.4.8 Rest of Asia Pacific
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Rest of Latin America
- 8.6 MEA
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 South Africa
- 8.6.4 Rest of MEA
Chapter 9 Company Profiles
- 9.1 ARIS Stellantriebe GmbH
- 9.2 Emerson Electric Co.
- 9.3 Danfoss A/S
- 9.4 Dwyer Instruments LTD
- 9.5 China Yuanda Valve Group
- 9.6 CNNC Sufa Technology Industry
- 9.7 Dalian DV Valve
- 9.8 Schlumberger Limited
- 9.9 Shandong Yidu Valve Group
- 9.10 Flowserve Corporation
- 9.11 Tyco International
- 9.12 Pentair
- 9.13 Watts
- 9.14 Velan
- 9.15 SWI Valve
- 9.16 Kitz Group
- 9.17 Neway
- 9.18 Henan Kaifeng High Pressure Valve
