Global Valves for Power Market Research Report 2022
Valves are devices that are used to control, direct, and regulate the flow and pressure of gases, liquids, and fluidized solids.These valves can be operated electrically, pneumatically, and hydraulically.
Market Analysis and Insights: Global Valves for Power Market
Due to the COVID-19 pandemic, the global Valves for Power market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Quarter-Turn Valves accounting for % of the Valves for Power global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Power Station segment is altered to an % CAGR throughout this forecast period.
This industry research report identifies the increase in number of combined cycle gas turbine (CCGT) power plants to be one of the major factors that will have a positive impact on the growth of this market in the coming years. Coal is the most commonly used fuel for power production. Though coal power plants are preferred over other power plants due to the cost factor, the increasing focus of governments and environmentalists in reducing the emission of greenhouse gases, has resulted in the rise in number of natural gas-based power plants. The increased production of natural gas, the decrease in its prices, and stringent emission norms implemented in several developed countries, will compel the power sector to transition from fossil fuel power generation to CCGT technology that also has benefits such as less emission of CO2, NOx, and SO₂ when compared to coal-powered plants. Since gas turbines use valves in several applications including fuel control, false start drain, intel guide vane actuation, air purge control, and reverse flow prevention, the expected increase in the number of CCGT gas turbines in the coming years, will drive the growth of this market.
Global Valves for Power Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Valves for Power Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Quarter-Turn Valves
Multi-Turn Valves
Control Valves
Others
Segment by Application
Power Station
Ower Transmission Station
Others
By Company
Curtiss-Wright
Cameron
Emerson Electric
Flowserve
Weir
Alfa Laval
IMI Critical Engineering
KSB
Neway Valve
Valvitalia
Velan
Watts Water Technologies
L&T Valves
GE
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Market Analysis and Insights: Global Valves for Power Market
Due to the COVID-19 pandemic, the global Valves for Power market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Quarter-Turn Valves accounting for % of the Valves for Power global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Power Station segment is altered to an % CAGR throughout this forecast period.
This industry research report identifies the increase in number of combined cycle gas turbine (CCGT) power plants to be one of the major factors that will have a positive impact on the growth of this market in the coming years. Coal is the most commonly used fuel for power production. Though coal power plants are preferred over other power plants due to the cost factor, the increasing focus of governments and environmentalists in reducing the emission of greenhouse gases, has resulted in the rise in number of natural gas-based power plants. The increased production of natural gas, the decrease in its prices, and stringent emission norms implemented in several developed countries, will compel the power sector to transition from fossil fuel power generation to CCGT technology that also has benefits such as less emission of CO2, NOx, and SO₂ when compared to coal-powered plants. Since gas turbines use valves in several applications including fuel control, false start drain, intel guide vane actuation, air purge control, and reverse flow prevention, the expected increase in the number of CCGT gas turbines in the coming years, will drive the growth of this market.
Global Valves for Power Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Valves for Power Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Quarter-Turn Valves
Multi-Turn Valves
Control Valves
Others
Segment by Application
Power Station
Ower Transmission Station
Others
By Company
Curtiss-Wright
Cameron
Emerson Electric
Flowserve
Weir
Alfa Laval
IMI Critical Engineering
KSB
Neway Valve
Valvitalia
Velan
Watts Water Technologies
L&T Valves
GE
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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