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Global Valves Market for Power Industry 2016-2020

  • Published: Oct 2016
  • Pages: 87
  • SKU: IRTNTR10587
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This market research report analyzes the key players in the global valves market for power industry such as Curtiss-Wright, Cameron, Emerson Electric, Flowserve, and Weir Group. The report also presents a competitive analysis of the market by product type (globe valve, gate valve, butterfly valve, ball valve, industrial plug valve, and others) and by geography (the Americas, APAC, and EMEA).

Global outlook of the valves market for power industry

Technavio’s market research analysts predict the global valves market for power industry to grow steadily during the next four years and post a CAGR of almost 4% by 2020. This industry research report identifies the increase in number of combined cycle gas turbine (CCGT) power plants to be one of the major factors that will have a positive impact on the growth of this market in the coming years. Coal is the most commonly used fuel for power production. Though coal power plants are preferred over other power plants due to the cost factor, the increasing focus of governments and environmentalists in reducing the emission of greenhouse gases, has resulted in the rise in number of natural gas-based power plants. The increased production of natural gas, the decrease in its prices, and stringent emission norms implemented in several developed countries, will compel the power sector to transition from fossil fuel power generation to CCGT technology that also has benefits such as less emission of CO2, NOx, and SO₂ when compared to coal-powered plants. Since gas turbines use valves in several applications including fuel control, false start drain, intel guide vane actuation, air purge control, and reverse flow prevention, the expected increase in the number of CCGT gas turbines in the coming years, will drive the growth of this market.

The increasing adoption of 3D printing in industrail valves market is one of the major trends that will gain traction in this market in the next four years. Pump and valve manufacturers will start combining 3D printing technology with digital advances in modeling software and this will greatly help in the repair, replacement, and designing of pumps and valves. The use of 3D printing techniques will also offer increased precision and allow end-users to prefer advanced methods while manufacturing valve components such as discs for butterfly valves or plug in globe valves.

Competitive landscape and key vendors

The market appears to be fragmented due to the presence of several well-diversified international, regional, and local valve manufacturers and is highly competitive. The rise in product extensions, innovations in technology, and M&A, will further intensify the level of competition in the market. International players will grow inorganically during the next four years by acquiring regional or local players. Acquiring regional vendors will not only help global players to expand their global presence but also assist them in expanding their product portfolio and in turn, enter new markets.

The leading vendors in the market are -

  • Curtiss-Wright
  • Cameron
  • Emerson Electric
  • Flowserve
  • Weir Group

The other prominent vendors in the market are Alfa Laval, IMI Critical Engineering, KSB, Neway Valve (Suzhou), Valvitalia, Velan, Watts Water Technologies, L&T Valves, and GE.

Segmentation by product type and analysis of the valves market for power industry

Due to the constant demand from various application sectors such as natural gas, fossil fuel, renewables, and nuclear power generation, the globe valves segment dominated the market during 2015. Benefits such as excellent leak tightness, good closing and throttling, and easier body ring seating surface, will drive the demand for globe valves. Factors such as the increase in new gas and nuclear power capacities and the replacement of existing power plants, will also fuel the growth of this market segment.

Geographical segmentation and analysis of the valves market for power industry

  • Americas
  • APAC
  • EMEA

According to this market study, the Americas will be the major revenue contributors to the market throughout the next four years. The current focus of the US in expanding its power infrastructure, the introduction of stringent emission laws, and the need for efficient power generation in countries such as the US and Canada, will bolster the market’s growth prospects in this region.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global valves market for power industry?
  • What are the key market trends impacting the growth of the global valves market for power industry?
  • What are the challenges to market growth?
  • Who are the key vendors in the global valves market for power industry?
  • What are the market opportunities and threats faced by the vendors in the global valves market for power industry?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global valves market for power industry?

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Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of the report

  • Market overview

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Global power outlook
  • Valves in power industry
  • Market size and forecast
  • Five forces analysis

PART 06: Market drivers

  • Rise in number of coal-fired power stations in Japan
  • Increase in CCGT power plants
  • Capacity expansion in geothermal power

PART 07: Market challenges

  • Dip in US valves market
  • Growing environment concerns
  • Increased price war and threat from local vendors

PART 08: Impact of drivers and challenges

PART 09: Market trends

  • Growth in nuclear power sector
  • Targets set by governments worldwide for expanding renewable energy
  • Growing application of 3D printing in valves industry

PART 10: Market segmentation by product

  • Market overview
  • Globe valves segment
  • Gate valves segment
  • Butterfly valves segment
  • Ball valves segment
  • Industrial plug valves segment

PART 11: Geographical segmentation

  • Market overview
  • Valves market for power industry in Americas
  • Valves market for power industry in APAC
  • Valves market for power industry in EMEA

PART 12: Vendor landscape

  • Competitive landscape
  • Vendor mapping
  • Other prominent vendors

PART 13: Key vendor analysis

  • Curtiss-Wright
  • Cameron (a Schlumberger company)
  • Emerson Electric
  • Flowserve
  • Weir Group

PART 14: Appendix

  • List of abbreviations

PART 15: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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