Compressor Valves Market (By Type: Plate Valves, Ring Valves, High-Speed Valves, Poppet Valves, Channel Valves, Other; By End Use: Oil and Gas, Ships, Mechanical Field, Metallurgy, Other) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027
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Acumen Research and Consulting estimates that global Compressor Valves market is expected to reach the market value of around US$ 400 Mn by 2027 and is anticipated to grow at a CAGR of around 5.9% in terms of revenue during the forecast period 2020 – 2027.
The valves of the compressor are circular and have a rings or plates placed between the valve cover and the sitting. With every pressure differential, rings and plates are pulled into the larger pressure range and thus, when the pressure returns to normal, spring is used to return to their initial position.
The report provides analysis of global Compressor Valves market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2019 is considered as the base year.
Market Dynamics
The increased use of compressors in different end-use industries drives growth in the market. Continuing streaming is boosting demand on the market in the oil and gas sector. Rising demand for electricity and upgrading the wastewater treatment systems will likely accelerate the business growth in the forecast timeframe,. However, high competition on the market, leading to lower compressor valve costs can hamper business development.
Oil & Gas Sector plays an Important Role in Market Growth
The demand in the oil and gas sector for compressor valves is primarily due to its extensive use in upstream, downstream and mid-stream oil sector services. The petroleum and gas industries remain the main source of energy, with a significant increase in demand for oil and gas products. In 2016, the Petroleum Producing Country Organization’s decision to slash crude oil demand led to the initial stabilization of prices. Investment in oil and gas output has been increased and the key economies has become one of the leading sales markets for companies as crude oil prices have decreased in Europe.
Regional Stance
North America to account for large market shares owing to increased power projects and increased demand in the region. Asia Pacific is predicted to be the most rapidly developed and industrialized sector in the world. Industries including oil and gas, food and drinks, power stations, and pharmaceuticals are growing and renovating their plants in this region. These process industries are always expanding and therefore require compressors driven by compressor valves. It is projected that plate valves are the fastest-growing business segment. This growth is due to its increased strength in a variety of high temperature and durability applications. Even, in the global economy, the poppet valve business is rising significantly.
Report coverage
The market research study on “Compressor Valves Market (Compressor Valves Market By Type: Plate Valves, Ring Valves, High-Speed Valves, Poppet Valves, Channel Valves, Other; Compressor Valves Market By End Use: Oil and Gas, Ships, Mechanical Field, Metallurgy, Other) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers a detailed insights on the global Compressor Valves market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report covers global Compressor Valves market size, and segment markets by type, application, and geography along with the information on companies operating in the market. The Compressor Valves market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
The global Compressor Valves market is segmented as below:
Market Segmentation
Compressor Valves Market By Type
Plate Valves
Ring Valves
High-Speed Valves
Poppet Valves
Channel Valves
Other
Compressor Valves Market By End Use
Oil and Gas
Ships
Mechanical Field
Metallurgy
Other
Compressor Valves Market By Geography
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Mexico
- Brazil
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of MEA
Key Players and Market Situation
Participants include major global players Compressor Engineering Corporation, H&S Valve, Inc., Burckhardt Compression, Compressor Products International, Cozzani, Cook Compression, Dresser-Rand, and Others.
In recent years, the global market for compressor valves has matured. The reciprocal compressor was one of the earliest compressors to have been invented and the valve was extremely easy to damage and the screw compressor was slowly becoming a mainstream part of the reciprocal compressor.