industrial Valves Market | who are the key players and what are the strategies adopted by them?

The overall industrial valve market is expected to grow from USD 70.53 billion in 2018 to USD 85.19 billion by 2023, at a CAGR of 3.96% between 2018 and 2023. The increased need for industrial valves from oil and gas production-related facilities in GCC countries, elevated energy demand in APAC, smart city development initiative across the world, high demand for predictive maintenance techniques from manufacturing industries, and stringent environmental and safety regulations to make the energy sector more resilient are the factors that drive the growth of the industrial valve market.

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Emerson (US), Cameron – Schlumberger (US), IMI PLC (US), Flowserve (US), and Weir Group (UK) are among the major players in the industrial valve market. Product launches and developments, mergers and acquisitions, expansions, agreements, collaborations, joint ventures, and partnerships are a few key strategies adopted by the players to gain a competitive edge in the market.

Emerson (US) is a leading manufacturer of industrial valves and provider of process management products and solutions, such as valves, transmitters, analyzers, regulators, and automation systems. Additionally, the company provides industry-specific engineering, consulting, and maintenance services to industries such as chemicals, food & beverages, industrial energy and onsite utilities, life sciences and medical, marine, metals & mining, oil & gas, power, pulp & paper, and water and wastewater treatment. The company‘s automation technologies, such as PlantWeb, have helped several organizations to improve their plant performance at a reduced cost. The company looks at acquisitions to enhance its product offerings for its customers. For example, in October 2016, Emerson agreed to acquire Permasense Limited, a UK-based leading provider of non-intrusive corrosion monitoring technologies for the offshore and onshore oil production, refining, chemicals, power, pipelines, metals & mining, and other industries.

Cameron Schlumberger (US) designs, manufactures, and markets pressure control, processing, flow control, and compression systems, as well as project management and aftermarket services for the oil & gas and process industries. Several types of valves, including gate, ball, butterfly, double block and bleed, plug and globe, and check valves, along with totalizers, turbine meters, flow computers, chart recorders, ultrasonic flow meters, and sampling systems, are provided by the company through various brands, such as Cameron, Cooper-Bessemer, Willis, Ajax, W-K-M, NATCO, and LeTourneau. The acquisition is one of the key strategies adopted by the company to enhance its product portfolio and reach out to newer customers in emerging markets. In April 2016, Schlumberger Limited acquired Cameron International Corporation (US). In this acquisition, the Schlumberger reservoir and well technology was integrated with Cameron wellhead and surface equipment, flow control, and processing technology necessary for pore-to-pipeline products and services offered to the global oil & gas industry. Through this acquisition, Schlumberger developed the industry’s first complete drilling and production systems by utilizing its expertise in instrumentation, data processing, control software, and system integration.

Flowserve Corporation designs, manufactures, and distributes industrial flow management equipment, as well as offers related services. The company operates through 3 major divisions: Engineered Product Division (EPD), Industrial Product Division (IPD), and Flow Control Division (FCD). The company‘s Flow Control Division (FCD) offers industrial valves and automation solutions, including isolation and control valves, actuators, controlling equipment, and energy management products that include steam traps, boiler controls, and condensate and energy recovery systems. Flowserve serves industries such as oil & gas, chemicals, water and wastewater treatment, power generation, mining, pharmaceuticals, pulp & paper, and food & beverages. The company distributes its products across the world through direct sales channels, distributors, and sales representatives. The company adopts product development and acquisitions as growth strategies to enhance its presence in the industrial valve market. In May 2016, the company launched Equiwedge, a new forged gate valve design with enhanced features such as increased wall thicknesses with US standards, reduced weight benefits of European standards. This will help the valve to perform under the challenging pressure and temperature conditions and will also increase power plant productivity, profit margins by maximizing safety and reliability.

Other major companies operating in the industrial valve market are Metso (Finland), Neway Valves (China), Spirax Sarco (UK), Kitz Corporation (Japan), Samson AG (Germany), Crane Co (US), and Velan Inc. (Canada), among others.

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