Press release
Compressor Valves Market to Reach $591.5 Million, Globally, by 2031 at 5.2% CAGR: Transparency Market Research
Compressor Valves
At its core, the TMR report strives to deliver a comprehensive appraisal of the global market landscape, spotlighting major frontrunners in the Automotive Solar Sunroof domain. Through this assessment, an easily understandable depiction of both historical and current market conditions is offered, alongside projections regarding market dimensions and evolving patterns. Additionally, the report provides an extensive dataset covering market volume, share, revenue, production, and sales.
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Requirement for compressor valves in the oil & gas industry is largely attributable to their extensive usage in upstream, downstream, and midstream operations. The oil & gas industry remains the most significant primary source of energy and the demand for oil and gas products is increasing at a significant rate. Growth of the compressor valves market is directly related to the performance of end-use industries such as oil & gas, power, and metal & mining. Demand for compressor valves is expected to rise in the near future, due to expansion of downstream networks and increase in the adoption of pipelines for transportation. Asia Pacific has been identified as one of those regions in the world that have witnessed high growth of the oil & gas industry. This is because of favorable demographic profiles, low-cost labor, and economic growth of countries in the region, with a focus on manufacturing with advanced technologies. The Asia Pacific market is expected to grow at a CAGR of 5.8% over the forecast period. This growth is attributed to growing manufacturing facilities and infrastructure spending. The growth of the compressor valves market in Asia Pacific is attributed to increasing population and rising focus of emerging economies to invest in various end-use industries in which compressor valves are used. Rising demand for power as well as better wastewater management facilities are also expected to positively impact the compressor valves market.
Moreover, incorporation of advanced technologies is helping various small- and medium-sized enterprises to gain popularity in the global compressor valves market. Governments of countries across different regions are taking initiatives to introduce and develop new and advanced technologies. This is compelling key manufacturers of compressor valves to produce specialized valves, which are relatively expensive.
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The compressor valves market is now at a mature stage, and the degree of increase in consumption will witness a smooth curve. The compressor valve is mainly used to support the production and maintenance of the compressors. Hence, its usage is primarily concentrated in Europe and North America. European consumption accounts for about 32% of the total market. Asia Pacific is witnessing significant growth due to the growth of various end-use industries in this region.
By type, the plate valves segmentis expected to have the highest CAGR of 5.6% from 2018 to 2026. This growth is attributed to its increased resistance power in various applications involving high temperature and higher durability. Burckhardt Compression AG, a key player in the global market has a unique advantage of converting metallic plate valves to non-metallic plate valves. Poppet valves segment is expected to have a CAGR of 5.5% over the forecast timeframe.
Europe accounted for 32.0% of the global compressor valves marketin 2016 and is anticipated to continue its dominance over the forecast timeline. Asia Pacific region is witnessing a significant growth with highest CAGR due to strong demand from applications in the oil and gas industry, growing healthcare industry, and power plants. The Asia Pacific market is expected to lead other regions in terms of growth over the forecast period.
The compressor valves industry is partially fragmented across the world. Some of the industry participants of the global compressor valves market are Burckhardt Compression, Compressor Engineering Corporation (CECO), Compressor Products International, Cook Compression, Cozzani, Dresser-Rand, H&S Valve, Inc., HOERBIGE, KB Delta, and ASI Services.
The key stakeholders within the Automotive Solar Sunroof market comprise the following names:
ACI Service Inc.
Burckhardt Compression
Compressor Engineering Corporation (CECO)
Compressor Products International
Cozzani
Dover Precision Components
Dresser-Rand (Siemens AG)
H&S Valve, Inc.
Hoerbiger Holding
KB Delta
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Market Segmentation
Global Compressor Valves Market, by Type
Ring Valves
Plate Valves
Poppet Valves
Others (Concentric Valves, Channel Valves etc.)
Global Compressor Valves Market, by Application
Oil and Gas
Power Plants/Stations
Metal and Mining
Others (Food and Beverage, Ships, Chemical, Pharmaceutical etc.)
Global Compressor Valves Market, by Geography
North America
Compressor Valves Market, by Type
Compressor Valves Market, by Application
Compressor Valves Market, by Country
U.S.
Canada
Rest of North America
Europe
Compressor Valves Market, by Type
Compressor Valves Market, by Application
Compressor Valves Market, by Country
Germany
United Kingdom
France
Rest of Europe
Asia Pacific
Compressor Valves Market, by Type
Compressor Valves Market, by Application
Compressor Valves Market, by Country
China
India
Japan
Rest of Asia Pacific
Middle East & Africa
Compressor Valves Market, by Type
Compressor Valves Market, by Application
Compressor Valves Market, by Country
GCC
South Africa
Rest of Middle East & Africa
South America
Compressor Valves Market, by Type
Compressor Valves Market, by Application
Compressor Valves Market, by Country
Brazil
Rest of South America
The study unveils and carefully analyzes:
Which regions are witnessing rise in investments in the supply chain networks?
Which countries seems to have benefitted from recent import and export policies?
Which regions have witnessed decline in consumer demand due to economic and political upheavals?
Which are some the key geographies that are likely to emerge as lucrative markets?
Which regions are expected to lose shares due to pricing pressures?
Which regions leading players are expected to expand their footprints in the near future?
What are some the sustainability trends impacting the logistics and supply chain dynamics in the Compressor Valves market?
What are some of the demographic and economic environments that create new demand in developing economies?
How are changing government regulations shaping business strategies and practices?
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Transparency Market Research Inc.
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About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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