Global Alloy Safety Valve Market, By Size (Less than 1”, 1” to 10”, 11” to 20” and 20’ & above), End-use (Oil & Gas, Energy and Power, Chemicals, Food and Beverage, Water and Wastewater Treatment, Others) – Industry Trends and Forecast to 2029.
Alloy Safety Valve Market Analysis and Size
Rising demand for valves from the pharmaceutical industry as a result of the COVID-19 pandemic, a growing focus on the development of smart cities globally, a growing need for connected networks to maintain and monitor industrial equipment, and a surge in the requirement for establishing new nuclear power plants and revamping existing ones are driving the alloy safety valve market.
Data Bridge Market Research analyses that the alloy safety valve market was valued at USD 3.69 billion in 2021 and is expected to reach the value of USD 5.75 billion by 2029, at a CAGR of 5.70% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Alloy Safety Valve Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD billion, Volumes in Units, Pricing in USD
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Segments Covered
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Size (Less than 1”, 1” to 10”, 11” to 20” and 20’ & above), End-use (Oil & Gas, Energy and Power, Chemicals, Food and Beverage, Water and Wastewater Treatment, Others),
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Emerson Electric Co. (U.S.), Schlumberger Limited. (U.S.), Flowserve Corporation (US), IMI (India), Metso Corporation (Finland), GE VALVE (India), Curtiss-Wright Corporation (U.S.), Crane Co. (U.S.), Neway Valve. (China), McWane, Inc. (U.S.), ALFA LAVAL (Sweden), Rotork (U.K.), KITZ Corporation (Japan), KSB SE & Co. KGaA (Germany), Velan Inc. (Canada), Spirax-Sarco Engineering plc (U.K.), SAMSON AG (Germany), Forbes Marshall (India), and Swagelok Company (U.S.)
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Market Opportunities
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Market Definition
Safety valves are also known as precautionary and preventive valves because they activate automatically when the current safety valve pressure and temperature are exceeded. Valves are critical in protecting both employees and the environment around plants. These primarily operate at a predetermined pressure to protect equipment from unsafe pressure. Furthermore, these valves protect the employees and the environment around the plants.
Drivers
- High need for flow control equipment
The strong demand for industrial valves in oil and gas production, as well as the increasing demand for flow control equipment globally, are significant factors driving the growth of the global alloy safety valve market. The emerging demand for automation resulting from rapid industrialization and the expansion of existing facilities will strengthen the market's growing demand. End-users are increasingly using smart valves with intelligent control systems to improve efficiency. Simultaneously, the rapid adoption of diagnostics and smart technologies in industrial valves is generating enormous growth opportunities for the market. These valves allow for the monitoring of variables like upstream and downstream pressure, steam position, flow rate, and temperature measurement.
- Expansion of pipelines across the world
End-users will be drawn into the market by the increasing installation of pipelines and the rapid growth in unconventional oil and gas applications, as well as the continuous technological advancement in industrial valves, such as the introduction of smart valves with an integrated embedded processor and network capability. The market is expanding due to the increased construction of nuclear power plants. The rise in accidental incidents and soaring demand for alloy safety valves in a variety of industrial sectors are propelling the global market forward.
Opportunity
- Integration with IoT technologies
The integration of alloy safety valves into the internet of things (IoT) environment is creating an opportunity for the alloy safety valve market industry to grow. Alloy safety valve system innovations are expected to fuel the market's rapid growth.
Restraints
- High cost and low profit
Rising fabrication costs and low profit margins for companies are the major restraints that will continue to challenge the Alloy Safety Valve market during the forecast period. High costs will create obstructions for the developing economies to accept the new technologies, thereby creating obstructions in the long run.
This alloy safety valve market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the alloy safety valve market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Alloy Safety Valve Market
A large number of people have been affected by the global COVID-19 epidemic. As a result of this global epidemic, many people have died. It has had an impact on the adaptability and growth of several industries. Various industrial activities of end users were suspended during the ban, resulting in a decrease in market demand for alloy safety valve and a decrease in sales revenue. Supply chain networks have also been disrupted, causing interest rates to fall. However, by strategizing according to market needs, the alloy safety valve market is expected to recover from this global epidemic by the end of the third quarter of next year.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In 2020 Crane Co. purchased CIRCOR International's instrumentation and sampling business. This transaction will allow CIRCOR to streamline their strategies and concentrate on their core mission-critical flow control platforms.
Global Alloy Safety Valve Market Scope
The alloy safety valve market is segmented on the basis of product size and end use. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Size
- Less than 1”
- 1” to 10”
- 11” to 20”
- 20’ & above
End User Industry
- Oil and Gas
- Energy and Power
- Chemicals
- Water and Wastewater
- Building and Construction
- Food and Beverages
- Others
Alloy Safety Valve Market Regional Analysis/Insights
The alloy safety valve market is analysed and market size insights and trends are provided by country, product size and end use as referenced above.
The countries covered in the alloy safety valve market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is expected to grow at a faster growth rate during the forecast period due to rapid population growth, particularly in developing economies such as China and India, as well as rapid urbanisation. Furthermore, the high demand for industrial valves in the energy & power, water & wastewater treatment, construction, chemicals, and pharmaceuticals sectors is propelling the market in this region forward.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Alloy Safety Valve Market Share Analysis
The alloy safety valve market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to alloy safety valve market.
Some of the major players operating in the alloy safety valve market are:
- Emerson Electric Co. (U.S.)
- Schlumberger Limited. (U.S.)
- Flowserve Corporation (U.S)
- IMI (India) .
- Metso Corporation (Finland)
- GE VALVE (India)
- Curtiss-Wright Corporation (U.S.)
- Crane Co. (U.S.)
- Neway valve. (China)
- McWane, Inc. (U.S.)
- ALFA LAVAL (Sweden)
- Rotork (U.K.)
- KITZ Corporation (Japan)
- KSB SE & Co. KGaA (Germany)
- Velan Inc. (Canada)
- Spirax-Sarco Engineering plc (U.K.)
- SAMSON AG (Germany)
- Forbes Marshall (India)
- Swagelok Company (U.S.)
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