"Increasing Adoption Across Oil & Gas Industry Is Driving The Pressure Reducing Valve Market"
Globally, the pressure reducing valve market is expected to grow with a CAGR of 4.2% through the forecast period, up from US$1.50 Bn in 2018. The growth of the market is attributed to the increasing adoption of the pressure reducing valves across the wide range of application across several industry verticals. The valves are widely used to maintain and relieve the pressure of the gas and fluids. The valve reduces the frequency of the unstable pressure and maintains a constant pressure via spring mechanism.
Furthermore, the demand for the pressure reducing valves is driven by ability to operate in the harsh industrial environment. The growing demand across the industrial facilities to monitor the performance of the valve is driving the market growth. Additionally, the growing automation across the industrial facilities and the integration of the IoT devices is further accelerating the demand for the pressure reducing valve market.
Market Synopsis
Get a sample copy for more information
"Steam Application Dominated the Pressure Reducing Valve Market"
Steam application sector was the leading sector in the pressure reducing valve market with the majority share of 38% of the revenue in 2018. The increasing application of the pressure reducing valve in the steam application due to their capability to control pressure via fully automatic and no external power source is driving the market growth. Whereas, the liquid segment is projected to grow at a substantial rate due to wide-scale adoption of valve among the wastewater management application.
Get a sample copy for more information
"North America Led the Pressure Reducing Valve Market"
North America led the pressure reducing valve market with over 35% share in the revenue in 2018. The large scale adoption of the pressure reducing valve across the oil & gas industry in the region is supporting the market growth. The increasing automation in the oil & gas industry in the region is developing numerous opportunities for the growth of the market. Furthermore, the presence of large power generation plants also supports the growth of the market in the region.
Get a sample copy for more information
The major players in the pressure reducing valve domain are Armstrong International Inc., Caleffi S.P.A., CIRCOR International Inc., Forbes Marshall, Fushiman Co. Ltd., Genebre SA, HAWE Hydraulik SE, HYDAC, Spirax Sarco Engineering PLC, TLV, Itap Spa, Watts Water Technologies, Inc., and Yoshitake Inc.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The pressure reducing valve market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global pressure reducing valve market based on material, pressure, application, industry verticals and geography. Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Billion |
| Segmentation |
Material Segment (2017–2027; US$ Bn)
• Bronze
• Carbon steel
• Cast Iron
• Cast steel
• Ductile Iron
• Stainless steel
|
|
Pressure Segment (2017–2027; US$ Bn)
•50-200 psig
•201-500 psig
•501-800 psig
•Over 800 psig
|
|
Application Segment (2017–2027; US$ Bn)
• Steam application
• Gas application
• Liquid application
|
|
Industry Verticals Segment (2017–2027; US$ Bn)
• Chemical
• Food & Beverage
• Hospitality
• Oil & Gas
• Pharmaceuticals
• Power generation
• Pulp & Paper
|
|
Geography Segment (2017–2027; US$ Bn)
•North America (U.S., Rest of North America)
•Europe (U.K., Germany, France, Rest of Europe)
•Asia Pacific (China, Japan, India)
•Rest of Asia Pacific (Rest of the World, Middle East & Africa, Latin America)
|
Key questions answered in this report
- What was the market size of pressure reducing valve in 2018 and forecast up to 2027?
- Which is the largest regional market for pressure reducing valve?
- What are the major trends followed in pressure reducing valve market across different regions?
- Who are the key companies in the pressure reducing valve market?
- What are the key strategies adopted by the leading pressure reducing valve companies in market?
Unique data points of this report
- Statistics on pressure reducing valve and spending worldwide
- Recent trends across different regions in terms of adoption of pressure reducing valve for industry verticals
- Notable developments going on in the industry
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
