Global Industrial Valves Market Analysis the in Oil & Gas Industry 2019-2023 - Rise in Demand for More Efficient Valves - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Feb 13, 2019--The “Global Industrial Valves Market in Oil and Gas Industry 2019-2023” report has been added to ResearchAndMarkets.com’s offering.
The global industrial valves market at a CAGR of over 6% during the forecast years.
Valves are undergoing change to suit the growing requirements of end-users for data analytics. Whether it is an oil and gas upstream facility or a refinery, there are many valves that are used in multiple processes and operations.
Valve diagnosis can help in attaining preventive maintenance by offering clear, real-time data regarding valve performance. In addition, by assessing the results from diagnosis at regular intervals, end-users can analyze trends in valve performance, which can later be used for improving the valves or maintenance.
With the help of diagnostic services for valves, end-users can reduce operation and maintenance costs while improving process reliability. End-users can also take advantage of new advanced technology for diagnostic purposes without the need to invest in any hardware or software.
Rise in demand for more efficient valves
The growth of unconventional hydrocarbon resources, such as shale oil and gas as well as oil tar sands, has also provided new opportunities for the industrial valves in the oil and gas industry. These valves are used for enhanced oil recovery and also for artificial lifts in such unconventional oil and gas fields. The high investments in shale fields will also contribute to the demand for more efficient valves in the oil and gas industry.
Price fluctuations of raw materials
The high market competition also implies a small price rise can tilt the competition. Derivative instruments can hedge the risk of price volatility. However, fluctuating prices will continue to represent a significant challenge for the industrial valves market in the oil and gas industry during the forecast period.
The industrial valves market in the oil and gas industry is moderately fragmented owing to the presence of several market players. A strong focus by vendors has also resulted in the development of additive manufacturing as vendors are moving from testing and pilot projects to mass production of products through additive manufacturing.
This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Key PlayersAVK Holding Emerson Electric Flowserve ITT Schlumberger The Weir Group
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPEMarket ecosystem Market characteristics Market segmentation analysis
PART 04: MARKET SIZINGMarket definition Market sizing 2018 Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSISBargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry
PART 06: MARKET SEGMENTATION BY PRODUCTComparison by product Ball valves - Market size and forecast 2018-2023 Plug valves - Market size and forecast 2018-2023 Gate valves - Market size and forecast 2018-2023 Globe valves - Market size and forecast 2018-2023 Butterfly valves - Market size and forecast 2018-2023 Other valves - Market size and forecast 2018-2023 Market opportunity by product
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPEGeographic comparison EMEA - Market size and forecast 2018-2023 Americas - Market size and forecast 2018-2023 APAC - Market size and forecast 2018-2023 Key leading countries Market opportunity
PART 09: DRIVERS AND CHALLENGES
PART 10: MARKET TRENDS
PART 11: VENDOR LANDSCAPEOverview Landscape disruption Competitive scenario
PART 12: VENDOR ANALYSISVendors covered Vendor classification Market positioning of vendors AVK Holding Emerson Electric Flowserve ITT Schlumberger The Weir Group
For more information about this report visit https://www.researchandmarkets.com/research/wpgqvl/global_industrial?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190213005488/en/
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INDUSTRY KEYWORD: ENERGY OIL/GAS MANUFACTURING ENGINEERING OTHER MANUFACTURING
SOURCE: Research and Markets
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PUB: 02/13/2019 10:00 AM/DISC: 02/13/2019 10:01 AM