The industrial valves market is highly competitive with the presence of many established and emerging players. This market is expected to grow at a CAGR of 3.6% during the forecast period.
The industrial valves market is expected to be valued at USD 84.30 Billion by 2023, growing at a CAGR of 3.6% between 2017 and 2023.
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Product launches and acquisitions have been the key strategies adopted by the market players to grow in the industrial valves market. The strategy of product launches accounted for a share of ~37% while the acquisition strategy accounted for ~20% of the overall growth strategies adopted by the market players between January 2014 and March 2017.
The increasing concern for lead time and high cost of fabrication has encouraged the companies to adopt these strategies. Besides product launches and acquisitions, the companies have also adopted the strategies of partnerships, expansions, demonstrations, contracts, and exhibitions to expand their business operations, product portfolio, and distribution network as well as strengthen their position and share in this market.
The competitive landscape of the market presents an interesting picture where a large number of players have become a force to reckon with.
The key players in this market are AVK Holding (Denmark), Avcon Controls Private Limited (India), Cameron — Schlumberger (US), Crane Co. (US), Emerson (US), Flowserve (US), Forbes Marshall (India), IMI Plc. (UK), Metso (Europe), Neway Valves (China), Velan Inc. (Canada), Samson AG(Germany), Spirax Sarco (UK), and The Weir Group Plc. (UK).
Emerson Electric (US) is one of the leading manufacturers of industrial valves.
The company provides industry-specific engineering, consulting, project management, and maintenance services to industries such as alternative energy, chemical, food & beverages, industrial energy, life sciences, marine, metals & mining, oil & gas, power, pulp & paper, refining, and water treatment.
The company offers diversified industrial valves such as glove valves, angle valves, segmented ball valves, three-way valves, ball valves, eccentric plug valves, high-performance butterfly valves, and actuators.
Emerson has achieved a market leadership position in the industrial valves market by developing and deploying cutting-edge technologies and gaining outstanding customer support globally. In the fourth quarter of 2016, the company entered into an agreement to purchase Pentair’s Valves & Controls (UK) business unit for USD 3.15 Billion.
This acquisition helped Emerson to expand its business position and create new growth capabilities as well as deliver wide-ranging valve solutions to customers with the most extensive service network.
Flowserve Corporation (US) is one of the leading manufacturers of industrial valves in the world. Flowserve Corporation designs, manufactures, and distributes industrial flow management equipment and provides related services.
The Engineered Product Division (EPD) of Flowserve offers pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, and related equipment as well as offers related services.
Its Industrial Product Division (IPD) provides engineered and preconfigured industrial pumps and pump systems, including submersible motors and specialty products.
The company‘s Flow Control Division (FCD) offers industrial valves and automation solutions including isolation and control valves; actuation, controls, and related equipment; and energy management products, such as steam traps, boiler controls, and condensate, and energy recovery systems.
The company distributes its products through direct sales, distributors, and sales representatives worldwide. In May 2016, Flowserve Corporation launched forged Equiwedge gate valve, which has features such as increased wall thickness based on US standards, reduced weight according to the European standards.
This helped the valve to perform under challenging pressure and temperature conditions and also increased power plant productivity, profit margins by maximizing safety and reliability.
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Mr. Shelly singh
MarketsandMarkets™
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
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