Water and Gas Valves Market to garner USD 7.44 Billion with over 5% CAGR during 2021-2025: Technavio

News provided by

Mar 25, 2021, 04:10 ET

NEW YORK, March 25, 2021 /PRNewswire/ -- The water and gas valves market is expected to post a CAGR of over 6% during the period 2021-2025, according to the recently published market research report by Technavio. This report offers a detailed analysis of key factors responsible for the current and potential growth of the market. Furthermore, it provides extensive, value-driven data insights pertaining to water and gas valves market aiding customers to make informed business decisions.

Download Sample Report

The water and gas valves market size has the potential to grow by USD 7.44 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 5.20%.

Prominent Take-aways from this Report

Gradual recovery in upstream activities and expansion of oil terminals will drive market growth.
Oil and gas industry will witness the highest end-user share in the market.
40% of the market growth will originate from APAC with China holding the largest country share.
Rugged IC market is highly competitive and fragmented with vendors deploying innovative strategies to continue maintaining and expanding their customer base.
The market is anticipated to have negative impact due to the COVID-19 pandemic.

View Technavio's 120-page research report with ToC on "Water and Gas valves Market by End-user (oil and gas industry and water and wastewater treatment industry), Type (quarter-turn valves, multi-turn valves, and control valves), Geography (APAC, Europe, North America, MEA, and South America) and Vendor Forecasts, 2021 - 2025"

https://www.technavio.com/report/water and gas valves-market-industry-analysis

Water and Gas Valves Market: Driver and Trend Analysis
The expansion of oil terminals is one of the prominent factors responsible for the growth of water and gas valves market. Oil and gas terminals function efficiently when a robust pipeline infrastructure equipped with appropriate water and gas valves is in place. These terminals support the oil and gas supply chain while being used for storing crude oil and petroleum products. Furthermore, the deployment of pipelines with water and gas valves is most preferred in the oil and gas industry as they can be transported continuously and ramped up at the end-users' convenience. Thus, with the expansion of oil terminals, the demand for water and gas valves is likely to surge in the forthcoming years.

There has been an increasing focus on new oil terminal construction due to the rising global demand for energy. Furthermore, a significant rise in seaborne trade owing to the fall in global crude oil prices is another key factor attributing to the construction of new terminals. This has in turn resulted in the demand for industry check valves for oil and gas transportation. This will further drive the demand for water and gas valves during the next few years.

Download PDF about drivers, restraints, and opportunities for water and gas valves market,

Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR70309

Water and Gas Valves Market: Segmentation Analysis
This market research report fragments the global water and gas valves market by end-user (oil and gas industry and water and wastewater treatment industry), type (quarter-turn valves, multi-turn valves, and control valves), geography (APAC, Europe, North America, MEA, and South America).

The oil and gas industry segment held the largest water and gas valves market share in 2020 due to their significant applications in this industry. The simple design and ability to perform complex functions coupled with increased investments and exploration of new oil and gas fields will result in the high adoption of water and gas valves in the oil and gas sector.

In terms of geographical analysis, 40% of the market's growth will originate from APAC during the forecast period. China, India, Japan, and Australia are the major revenue-generating countries in the water and gas valves market in APAC. Increasing investments in oil production in China and the commencement of several oil and gas projects in the region are likely to drive the growth of water and gas valves market during the forecast period.

Water and Gas Valves Market: Vendor Analysis
The water and gas valves market is highly competitive and fragmented. Several players in the market striving to provide superior products by differentiating them either based on quality or service. Vendors are deploying various organic and inorganic growth strategies to survive market competition. This report classifies key market players as dominant, pure-play and industry-focused players to offer effective investment opportunities and allow clients to make informed decisions. Prominent water and gas valves market players include:

Alfa Laval AB
Crane Co.
Curtiss-Wright Corp.
Emerson Electric Co.
Flowserve Corp.
KSB SE & Co. KGaA
Rotork Plc
Schlumberger Ltd.
The Weir Group Plc
Watts Water Technologies Inc.

For customized and tailor-made specifications to be done for this report, Speak to our Analysts

Find more research reports on Industrials Industry, by Technavio

Industry Check Valves Market by End-user and Geography 2021-2025 - The rugged devices market size will grow by USD 2.50 billion during 2021-2025, growing at a CAGR of over 4% over the forecast period.

Download Sample for More Details

Industrial Valves Market in Oil and Gas Industry 2020-2024 - The industrial valves market in oil and gas industry will grow by USD 4.20 billion during 2020-2024, growing at a CAGR of almost 5% over the forecast period.

Download Sample for More Details

Water and Gas Valves Market 2021-2025: Key Highlights

CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist water and gas valves market growth during the next five years
Estimation of the water and gas valves market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the water and gas valves market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of water and gas valves market vendors

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
Follow Us: Twitter | LinkedIn

SOURCE Technavio