The global oil and gas valves market is expected to grow from USD 10.84 billion in 2019 to USD 17.67 billion by 2027, at a CAGR of 6.33% during the forecast period 2020-2027.
Valves play an essential role in the piping system. It helps to control the flow of fluid. It either opens, closes or partially obstruct various ways for the liquid to flow. Valves have a variety of uses. It is used for irrigation, residential applications and industrial purpose as well. They are widely available in different form and sizes. Valves can be either disposable or specialized based upon the need. It can be operated manually or with the help of a wheel, pedal and handle. The oil and gas sector has replaced drilling operations with efficient valves owing to the harsh operating environment. The expansion of power grade industry and robust industrialization is expected to drive the oil and gas valves market growth. Further, the rising usage of oil and gas projects in the pipeline will contribute to the market demand in the upcoming years.
This study delivers a comprehensive analysis of body material, valve type, valve size, applications and regions. The body material segment includes forged and cast. Cast holds the majority of the market share. Caste uses the liquid form for manufacturing of valve. It is more popular than forging as it helps to create valves of different patterns, sizes and shapes. Casting is more cost-effective than forging. Also, it takes less manufacturing time and less labour. The valve type segment includes ball, globe, butterfly, gate, check, plug, pressure reducing and others. Ball valves are the dominant sub-segment. These valves are efficient for controlling the flow. Also, they are easy to operate. The valve size segment includes 0.25 to 8 inches, 8 to 20 inches and above 20 inches. The 0.25 to 8 inches size holds a significant market share. The smaller the size easier is to fit the valve into a different system. Further, the application of this particular size is increasing in the oil and gas sector. The applications segment includes upstream, midstream and downstream. Downstream holds the largest market share. Downstream is the region where the temperature and pressure is minimum. Valves are mainly used for reducing the pressure in the oil and gas industries in order to make a safe environment.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America dominates the oil and gas valves market in terms of revenue. The growth can be attributed to the rising usage of automated valves in the industries. The focus on fluid treatment in the pharmaceutical industry has increased the use of oil and gas valves. Further, the mass production of shale gas has tripled the market demand for these valves.
Some of the notable players of the oil and gas valves market are CIRCOR International, Metso Corporation, Emerson Electric, Watts Water Technologies, The Weir Group, Parker Hannifin, Schlumberger, National Oilwell Varco, Armstrong, BHGE, HYDAC, IMI, AVK Holding, Flowserve, ITT and others.
This study forecasts revenue growth at global, regional, and country levels from 2020 to 2027. Fior Markets has segmented the market based on below-mentioned segments:
Global Oil and Gas Valves Market Analysis And Forecast, By Body Material
Global Oil and Gas Valves Market Analysis And Forecast, By Valve Type
Global Oil and Gas Valves Market Analysis And Forecast, By Valve Size
Global Oil and Gas Valves Market Analysis And Forecast, By Applications
Global Oil and Gas Valves Market Analysis And Forecast, By Region
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Body Material
4.3.2. Market Attractiveness Analysis By Valve Type
4.3.3. Market Attractiveness Analysis By Valve Size
4.3.4. Market Attractiveness Analysis By Application
4.3.5. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.3. Restrains
5.4. Opportunities
5.5. Challenges
6. Global Oil and Gas Valves Market Analysis and Forecast, By Body Material
6.1. Segment Overview
6.2. Forged
6.3. Cast
7. Global Oil and Gas Valves Market Analysis and Forecast, By Valve Type
7.1. Segment Overview
7.2. Ball
7.3. Globe
7.4. Butterfly
7.5. Gate
7.6. Check
7.7. Plug
7.8. Pressure Reducing
7.9. Others
8. Global Oil and Gas Valves Market Analysis and Forecast, By Valve Size
8.1. Segment Overview
8.2. 0.25 to 8 inches
8.3. 8 to 20 inches
8.4. Above 20 inches
9. Global Oil and Gas Valves Market Analysis and Forecast, By Application
9.1. Segment Overview
9.2. Upstream
9.3. Midstream
9.4. Downstream
10. Global Oil and Gas Valves Market Analysis and Forecast, By Regional Analysis
10.1. Segment Overview
10.2. North America
10.2.1. U.S.
10.2.2. Canada
10.2.3. Mexico
10.3. Europe
10.3.1. Germany
10.3.2. France
10.3.3. U.K.
10.3.4. Italy
10.3.5. Spain
10.4. Asia-Pacific
10.4.1. Japan
10.4.2. China
10.4.3. India
10.5. South America
10.5.1. Brazil
10.6. Middle East and Africa
10.6.1. UAE
10.6.2. South Africa
11. Global Oil and Gas Valves Market-Competitive Landscape
11.1. Overview
11.2. Market Share of Key Players in Global Oil and Gas Valves Market
11.2.1. Global Company Market Share
11.2.2. North America Company Market Share
11.2.3. Europe Company Market Share
11.2.4. APAC Company Market Share
11.3. Competitive Situations and Trends
11.3.1. Product Launches and Developments
11.3.2. Partnerships, Collaborations, and Agreements
11.3.3. Mergers & Acquisitions
11.3.4. Expansions
12. Company Profiles
12.1. CIRCOR International
12.1.1. Business Overview
12.1.2. Company Snapshot
12.1.3. Company Market Share Analysis
12.1.4. Company Product Portfolio
12.1.5. Recent Developments
12.1.6. SWOT Analysis
12.2. Metso Corporation
12.2.1. Business Overview
12.2.2. Company Snapshot
12.2.3. Company Market Share Analysis
12.2.4. Company Product Portfolio
12.2.5. Recent Developments
12.2.6. SWOT Analysis
12.3. Emerson Electric
12.3.1. Business Overview
12.3.2. Company Snapshot
12.3.3. Company Market Share Analysis
12.3.4. Company Product Portfolio
12.3.5. Recent Developments
12.3.6. SWOT Analysis
12.4. Watts Water Technologies
12.4.1. Business Overview
12.4.2. Company Snapshot
12.4.3. Company Market Share Analysis
12.4.4. Company Product Portfolio
12.4.5. Recent Developments
12.4.6. SWOT Analysis
12.5. The Weir Group
12.5.1. Business Overview
12.5.2. Company Snapshot
12.5.3. Company Market Share Analysis
12.5.4. Company Product Portfolio
12.5.5. Recent Developments
12.5.6. SWOT Analysis
12.6. Parker Hannifin
12.6.1. Business Overview
12.6.2. Company Snapshot
12.6.3. Company Market Share Analysis
12.6.4. Company Product Portfolio
12.6.5. Recent Developments
12.6.6. SWOT Analysis
12.7. Schlumberger
12.7.1. Business Overview
12.7.2. Company Snapshot
12.7.3. Company Market Share Analysis
12.7.4. Company Product Portfolio
12.7.5. Recent Developments
12.7.6. SWOT Analysis
12.8. National Oilwell Varco
12.8.1. Business Overview
12.8.2. Company Snapshot
12.8.3. Company Market Share Analysis
12.8.4. Company Product Portfolio
12.8.5. Recent Developments
12.8.6. SWOT Analysis
12.9. Armstrong
12.9.1. Business Overview
12.9.2. Company Snapshot
12.9.3. Company Market Share Analysis
12.9.4. Company Product Portfolio
12.9.5. Recent Developments
12.9.6. SWOT Analysis
12.10. BHGE
12.10.1. Business Overview
12.10.2. Company Snapshot
12.10.3. Company Market Share Analysis
12.10.4. Company Product Portfolio
12.10.5. Recent Developments
12.10.6. SWOT Analysis
12.11. HYDAC
12.11.1. Business Overview
12.11.2. Company Snapshot
12.11.3. Company Market Share Analysis
12.11.4. Company Product Portfolio
12.11.5. Recent Developments
12.11.6. SWOT Analysis
12.12. IMI
12.12.1. Business Overview
12.12.2. Company Snapshot
12.12.3. Company Market Share Analysis
12.12.4. Company Product Portfolio
12.12.5. Recent Developments
12.12.6. SWOT Analysis
12.13. AVK Holidings
12.13.1. Business Overview
12.13.2. Company Snapshot
12.13.3. Company Market Share Analysis
12.13.4. Company Product Portfolio
12.13.5. Recent Developments
12.13.6. SWOT Analysis
12.14. Flowserve
12.14.1. Business Overview
12.14.2. Company Snapshot
12.14.3. Company Market Share Analysis
12.14.4. Company Product Portfolio
12.14.5. Recent Developments
12.14.6. SWOT Analysis
12.15. ITT
12.15.1. Business Overview
12.15.2. Company Snapshot
12.15.3. Company Market Share Analysis
12.15.4. Company Product Portfolio
12.15.5. Recent Developments
12.15.6. SWOT Analysis
List of Table
1. Global Oil and Gas Valves Market, By Body Material, 2017–2027(USD Billion)
2. Global Forged Market, By Region, 2017–2027(USD Billion)
3. Global Cast Market, By Region, 2017–2027(USD Billion)
4. Global Oil and Gas Valves Market, By Valve Type, 2017–2027(USD Billion)
5. Global Ball Oil and Gas Valves Market, By Region, 2017–2027(USD Billion)
6. Global Globe Oil and Gas Valves Market, By Region, 2017–2027(USD Billion)
7. Global Butterfly Oil and Gas Valves Market, By Region, 2017–2027(USD Billion)
8. Global Gate Oil and Gas Valves Market, By Region, 2017–2027(USD Billion)
9. Global Check Oil and Gas Valves Market, By Region, 2017–2027(USD Billion)
10. Global Plug Oil and Gas Valves Market, By Region, 2017–2027(USD Billion)
11. Global Pressure Reducing Oil and Gas Valves Market, By Region, 2017–2027(USD Billion)
12. Global Others Oil and Gas Valves Market, By Region, 2017–2027(USD Billion)
13. Global Oil and Gas Valves Market, By Valve Size, 2017–2027(USD Billion)
14. Global 0.25 to 8 inches Oil and Gas Valves Market, By Region, 2017–2027(USD Billion)
15. Global 8 to 20 inches Oil and Gas Valves Market, By Region, 2017–2027(USD Billion)
16. Global Above 20 inches Oil and Gas Valves Market, By Region, 2017–2027(USD Billion)
17. Global Oil and Gas Valves Market, By Application, 2017–2027(USD Billion)
18. Global Upstream Market, By Region, 2017–2027(USD Billion)
19. Global Midstream Oil and Gas Valves Market, By Region, 2017–2027(USD Billion)
20. Global Downstream Oil and Gas Valves Market, By Region, 2017–2027(USD Billion)
21. Global Oil and Gas Valves Market, By Region, 2017–2027(USD Billion)
22. Global Oil and Gas Valves Market, By North America, 2017–2027(USD Billion)
23. North America Oil and Gas Valves Market, By Body Material, 2017–2027(USD Billion)
24. North America Oil and Gas Valves Market, By Valve Type, 2017–2027(USD Billion)
25. North America Oil and Gas Valves Market, By Valve Size, 2017–2027(USD Billion)
26. North America Oil and Gas Valves Market, By Application, 2017–2027(USD Billion)
27. U.S. Oil and Gas Valves Market, By Body Material, 2017–2027(USD Billion)
28. U.S. Oil and Gas Valves Market, By Valve Type, 2017–2027(USD Billion)
29. U.S. Oil and Gas Valves Market, By Valve Size, 2017–2027(USD Billion)
30. U.S. Oil and Gas Valves Market, By Application, 2017–2027(USD Billion)
31. Canada Oil and Gas Valves Market, By Body Material, 2017–2027(USD Billion)
32. Canada Oil and Gas Valves Market, By Valve Type, 2017–2027(USD Billion)
33. Canada Oil and Gas Valves Market, By Valve Size, 2017–2027(USD Billion)
34. Canada Oil and Gas Valves Market, By Application, 2017–2027(USD Billion)
35. Mexico Oil and Gas Valves Market, By Body Material, 2017–2027(USD Billion)
36. Mexico Oil and Gas Valves Market, By Valve Type, 2017–2027(USD Billion)
37. Mexico Oil and Gas Valves Market, By Valve Size, 2017–2027(USD Billion)
38. Mexico Oil and Gas Valves Market, By Application, 2017–2027(USD Billion)
39. Europe Oil and Gas Valves Market, By Body Material, 2017–2027(USD Billion)
40. Europe Oil and Gas Valves Market, By Valve Type, 2017–2027(USD Billion)
41. Europe Oil and Gas Valves Market, By Valve Size, 2017–2027(USD Billion)
42. Europe Oil and Gas Valves Market, By Application, 2017–2027(USD Billion)
43. Germany Oil and Gas Valves Market, By Body Material, 2017–2027(USD Billion)
44. Germany Oil and Gas Valves Market, By Valve Type, 2017–2027(USD Billion)
45. Germany Oil and Gas Valves Market, By Valve Size, 2017–2027(USD Billion)
46. Germany Oil and Gas Valves Market, By Application, 2017–2027(USD Billion)
47. France Oil and Gas Valves Market, By Body Material, 2017–2027(USD Billion)
48. France Oil and Gas Valves Market, By Valve Type, 2017–2027(USD Billion)
49. France Oil and Gas Valves Market, By Valve Size, 2017–2027(USD Billion)
50. France Oil and Gas Valves Market, By Application, 2017–2027(USD Billion)
51. U.K. Oil and Gas Valves Market, By Body Material, 2017–2027(USD Billion)
52. U.K. Oil and Gas Valves Market, By Valve Type, 2017–2027(USD Billion)
53. U.K. Oil and Gas Valves Market, By Valve Size, 2017–2027(USD Billion)
54. U.K. Oil and Gas Valves Market, By Application, 2017–2027(USD Billion)
55. Italy Oil and Gas Valves Market, By Body Material, 2017–2027(USD Billion)
56. Italy Oil and Gas Valves Market, By Valve Type, 2017–2027(USD Billion)
57. Italy Oil and Gas Valves Market, By Valve Size, 2017–2027(USD Billion)
58. Italy Oil and Gas Valves Market, By Application, 2017–2027(USD Billion)
59. Spain Oil and Gas Valves Market, By Body Material, 2017–2027(USD Billion)
60. Spain Oil and Gas Valves Market, By Valve Type, 2017–2027(USD Billion)
61. Spain Oil and Gas Valves Market, By Valve Size, 2017–2027(USD Billion)
62. Spain Oil and Gas Valves Market, By Application, 2017–2027(USD Billion)
63. Asia Pacific Oil and Gas Valves Market, By Body Material, 2017–2027(USD Billion)
64. Asia Pacific Oil and Gas Valves Market, By Valve Type, 2017–2027(USD Billion)
65. Asia Pacific Oil and Gas Valves Market, By Valve Size, 2017–2027(USD Billion)
66. Asia Pacific Oil and Gas Valves Market, By Application, 2017–2027(USD Billion)
67. Japan Oil and Gas Valves Market, By Body Material, 2017–2027(USD Billion)
68. Japan Oil and Gas Valves Market, By Valve Type, 2017–2027(USD Billion)
69. Japan Oil and Gas Valves Market, By Valve Size, 2017–2027(USD Billion)
70. Japan Oil and Gas Valves Market, By Application, 2017–2027(USD Billion)
71. China Oil and Gas Valves Market, By Body Material, 2017–2027(USD Billion)
72. China Oil and Gas Valves Market, By Valve Type, 2017–2027(USD Billion)
73. China Oil and Gas Valves Market, By Valve Size, 2017–2027(USD Billion)
74. China Oil and Gas Valves Market, By Application, 2017–2027(USD Billion)
75. India Oil and Gas Valves Market, By Body Material, 2017–2027(USD Billion)
76. India Oil and Gas Valves Market, By Valve Type, 2017–2027(USD Billion)
77. India Oil and Gas Valves Market, By Valve Size, 2017–2027(USD Billion)
78. India Oil and Gas Valves Market, By Application, 2017–2027(USD Billion)
79. South America Oil and Gas Valves Market, By Body Material, 2017–2027(USD Billion)
80. South America Oil and Gas Valves Market, By Valve Type, 2017–2027(USD Billion)
81. South America Oil and Gas Valves Market, By Valve Size, 2017–2027(USD Billion)
82. South America Oil and Gas Valves Market, By Application, 2017–2027(USD Billion)
83. Brazil Oil and Gas Valves Market, By Body Material, 2017–2027(USD Billion)
84. Brazil Oil and Gas Valves Market, By Valve Type, 2017–2027(USD Billion)
85. Brazil Oil and Gas Valves Market, By Valve Size, 2017–2027(USD Billion)
86. Brazil Oil and Gas Valves Market, By Application, 2017–2027(USD Billion)
87. Middle East and Africa Oil and Gas Valves Market, By Body Material, 2017–2027(USD Billion)
88. Middle East and Africa Oil and Gas Valves Market, By Valve Type, 2017–2027(USD Billion)
89. Middle East and Africa Oil and Gas Valves Market, By Valve Size, 2017–2027(USD Billion)
90. Middle East and Africa Oil and Gas Valves Market, By Application, 2017–2027(USD Billion)
91. UAE Oil and Gas Valves Market, By Body Material, 2017–2027(USD Billion)
92. UAE Oil and Gas Valves Market, By Valve Type, 2017–2027(USD Billion)
93. UAE Oil and Gas Valves Market, By Valve Size, 2017–2027(USD Billion)
94. UAE Oil and Gas Valves Market, By Application, 2017–2027(USD Billion)
95. South Africa Oil and Gas Valves Market, By Body Material, 2017–2027(USD Billion)
96. South Africa Oil and Gas Valves Market, By Valve Type, 2017–2027(USD Billion)
97. South Africa Oil and Gas Valves Market, By Valve Size, 2017–2027(USD Billion)
98. South Africa Oil and Gas Valves Market, By Application, 2017–2027(USD Billion)
List of Figures
1. Global Oil and Gas Valves Market Segmentation
2. Oil and Gas Valves Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Oil and Gas Valves Market Attractiveness Analysis By Body Material
9. Global Oil and Gas Valves Market Attractiveness Analysis By Valve Type
10. Global Oil and Gas Valves Market Attractiveness Analysis By Valve Size
11. Global Oil and Gas Valves Market Attractiveness Analysis By Application
12. Global Oil and Gas Valves Market Attractiveness Analysis By Region
13. Global Oil and Gas Valves Market: Dynamics
14. Global Oil and Gas Valves Market Share By Body Material (2019 & 2027)
15. Global Oil and Gas Valves Market Share By Valve Type (2019 & 2027)
16. Global Oil and Gas Valves Market Share By Valve Size (2019 & 2027)
17. Global Oil and Gas Valves Market Share By Application (2019 & 2027)
18. Global Oil and Gas Valves Market Share by Regions (2019 & 2027)
19. Global Oil and Gas Valves Market Share by Company (2019)
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