Global Valves and Manifolds Market 2016-2020

Market outlook of the global valves and manifolds market

Technavio research analyst predicts the global valves and manifolds market to grow steadily at a CAGR of 7% during the forecast period. The increased application of valves and manifolds in the oil and gas, process, and power industries is expected to fuel the market growth. The power sector is one of the prominent end-users of the market. The increase in setting up of new nuclear power plants has also fuelled the demand for valves and manifolds. For instance, China is very ambitious in adding nuclear capacities to its power mix and has added seven nuclear reactors during 2015. There are 21 nuclear reactors under construction, and many are in the planning stages.

With growing environmental concerns worldwide, many countries are encouraging the usage of renewable energy sources. It was observed that the global hydropower capacity increased from 1,018 gigawatts during 2013 to 1,055 gigawatts during 2014, and the global geothermal power capacity increased from 12.1 gigawatts in 2013 to 12.8 gigawatts in 2014. China accounts for 280 GW of total installed capacity of hydropower capacity and has 57 GW of hydropower capacity under construction.  The increasing capacities of renewable energy sources such as the geothermal and hydropower will drive the global valves and manifold market over the next four years.

Product segmentation and analysis of the valves and manifolds market

• Ball valves
• Needle valves
• Check and relief valves
• Manifolds

Ball valves accounted for 34% of the market share during 2015. The increase in the construction of new industrial plants especially in oil and gas and process industries has led to high demand for ball valves. Industries worldwide are upgrading their existing facilities to increase the production capabilities. These industries are also trying to improve their efficiencies and reduce labor costs, which has led to increased installation of such valves. The availability of new and innovative quarter-turn valves has enabled end-users to carry out production in an efficient manner.

Geographic segmentation and analysis of the valves and manifolds market

• EMEA
• APAC
• Americas

EMEA accounted for the highest market share during 2015. Stabilization of oil prices and the increased usage of natural gas will boost investments in oil and gas applications in the Middle East, which contribute to the largest portion of end-user revenues. Sales of replacement products and accessories are also expected to contribute considerably to the total revenue.  

Competitive landscape and key vendors

The end-user industries of valves and manifolds are seeking vendors that can provide complete solutions rather than following the traditional multi-vendor approach to meet requirements. As a result, valve manufacturers are increasingly trying to enhance their product portfolio either through strategic M&A or by developing new products themselves. For instance, Rotork had acquired Bifold Group, Young Tech, and G.T. Attuatori in the past two years as an initiative to expand their geographical reach.

The leading vendors in the market include -

• Circor Instrumentation
• DK-Lok
• Ham-let
• SSP Corporation
• Swagelok

The other prominent vendors of the market include 3M, Filtration Systems Products, GE, Hascon Filtration, Kalthoff, Midwesco Filter Resources, Omega Air, PALL, Parker Hannifin, and Tomkins.

Key questions answered in the report

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

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