Industrial Valves Market Intelligence

Industry Outlook & Drivers

Global Industrial Valve Outlook

• The global industrial valve market is estimated at approximately $83.5 billion in 2016, and it is expected to grow at a CAGR of 4–5 percent to $101 billion by 2020
• Increase in oil price has created avenues for the growth in the oil producing nations in the Middle East, along with growing demand for valves in the petrochemical industries
• North America nearly had a flat growth in 2016, decreased oil production in the US and Canada, which is expected to revive by 2018, and low prospects of new business in the power sector will affect the market growth, whereas process efficiency taking the center stage in industries will propel the growth
• The key drivers of the global industrial valves market: Increasing requirements for water, waste water and power plants in the emerging countries valves replacement and transition to smart valve in the developed countries.
• The Main industrial valves cost components: direct material constitutes 50–53 percent of total cost.
• The valve industry trends show that the main Engagement models used are preferred supplier and multiple supplier models. The main pricing models used are cost plus model and fixed price model. 

Global Industrial Valves: Market Maturity 

Smart valves are increasingly being adopted in North America and Europe because of their ability to control fugitive emissions which are required for compliance to environmental regulations, and also to ensure better health of the buyer's employees.

Global Industrial Valves Trends

Developing regions such as LATAM, Middle East, Africa and APAC will boost the growth of industrial valves globally due to increased investment in infrastructure (power plants, water supply lines, sewage water treatment facilities, etc.).

Global Industrial Valves: Drivers and Constraints

• Emerging countries provide a low-cost manufacturing base
• These countries are also the potential demand markets due to the need for considerable investments in key areas like water, power, municipal waste water treatment, pipelines, etc

Drivers

Market growth 

• Immense rise in demand for power in developing regions has given rise to the need for power plant investments, leading to an increase in demand for industrial valves
• Replacement of manual valves with smart valves drives the market in the developed regions
• Process-oriented manufacturing units strive to continuously increase their operating efficiencies, resulting in increase in demand for valves

Stringent environmental and  safety regulations 

• Environmental, health and safety regulations such as Volatile Organic Compound (VOC) limitations require the end-user industries to upgrade to new and better valves

Constraints

Duplication of technology 

• Patent violations and copies of the original by the local players would hamper the growth of the valves market due to the copies being relatively cheaper

Labour disturbance 

• The labour market in emerging countries are mostly unorganised, and there are increasing occurrences of shutdowns leading to loss of productivity

Drop in requirement from petrochemical industries 

• The drop in oil prices has resulted in deteriorating margins, thus requiring petrochemical industries to reconsider capital spend, which led to a decrease in valve requirements from this sector

Why You Should Buy This Report

• It details the global industrial valves market size, maturity, valve industry trends, drivers and constraints, etc.
• It provides the regional market outlook on North America, Asia, Middle East, Europe, Africa and LATAM regions. 
• The report does Porter’s five force analysis of emerging and developed industrial valves market.
• It gives insight into supplier trends and does a SWOT analysis of major players like Flowserve, KITZ, Metso, etc.
• It breaks down the cost structure and gives the pricing analysis and price forecast for industrial valves. 
• The report gives information about the best sourcing and pricing models for the industrial valve market.