Gas Valve Market - By Product Type (Gate Valves, Control Valves, Ball Valves, Butterfly Valve, Plug Valves), By Application (Oil & Gas Production, Gas Pipeline Transportation, Municipal Gas), By End User & Forecast, 2024 – 2032

Published Date: July - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Industrial-Machinery | Format: Report available in PDF / Excel Format

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Gas Valve Market - By Product Type (Gate Valves, Control Valves, Ball Valves, Butterfly Valve, Plug Valves), By Application (Oil & Gas Production, Gas Pipeline Transportation, Municipal Gas), By End User & Forecast, 2024 – 2032

Gas Valve Market Size

Gas Valve Market was valued at USD 6 billion in 2023 and is anticipated to register a CAGR of over 4.5% between 2024 & 2032. Gas valves are mechanical devices used to control the flow of gases in various applications, including residential, commercial, and industrial settings. These valves play a critical role in regulating the distribution of gases such as natural gas, propane, methane, and others, ensuring safe and efficient operation of gas systems. Increasing emphasis on energy conservation and sustainability is driving the demand for energy-efficient gas valve solutions.

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Increasing demand for customized solutions and modular valve designs to suit specific applications and accommodate diverse operational requirements. d for smart gas valves equipped with sensors and connectivity features. These valves enable remote monitoring, control, and diagnostics, enhancing efficiency and safety while enabling predictive maintenance. Additionally, gas valve systems are being integrated with renewable energy sources such as biogas and hydrogen, facilitating the transition towards cleaner energy solutions. Exploration of new markets and applications such as LNG terminals, petrochemical plants, and offshore oil and gas platforms, driven by evolving industry requirements and technological advancements is driving the market.
 

Gas Valve Market Report Attributes
Report Attribute Details
Base Year 2023
Gas Valve Market Size in 2023 USD 6 Billion
Forecast Period 2024 – 2032
Forecast Period 2024 – 2032 CAGR 4.5%
2024 – 2032 Value Projection USD 10 Billion
Historical Data for 2018 – 2023
No. of Pages 161
Tables, Charts & Figures 232
Segments covered Product Type, Application, and End User
Growth Drivers
  • Increasing demand for natural gas
  • Rapid industrialization
  • Renewable energy integration
Pitfalls & Challenges
  • Regulatory compliance
  • Price volatility of raw materials

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The growing adoption of renewable gases, such as biogas and hydrogen, as alternative energy sources is influencing the development of specialized valves designed to handle these gases safely and efficiently. This trend aligns with global efforts to decarbonize energy systems and reduce greenhouse gas emissions.

Hey there! So, gas valve makers have it tough. They've got to follow all these rules from the government to make sure their valves are safe, don't pollute too much, and work like they're supposed to. This can make it more costly to build them, and it also limits how much they can come up with new and better valves. Plus, valves are usually made from stuff like brass, stainless steel, and cast iron. The cost of these materials can go up and down, which means the cost of making valves can also change. One more thing that's not so great is that more and more people are switching to renewable energy like solar and wind. This means they need less gas, which means they need fewer gas valves. So, even though valves are still important for industries, the demand for them in homes and businesses might not be as strong in the future.

Gas Valve Market Trends

Stringent safety regulations and standards governing gas equipment are propelling advancements in valve technology. Manufacturers are investing in R&D to develop valves that meet or exceed safety standards, such as ANSI, CSA, and UL certifications, ensuring reliable performance and compliance with regulatory requirements. With the advent of IoT (Internet of Things) technology and Industry, there's a growing demand for smart gas valves equipped with sensors and connectivity features. These valves enable remote monitoring, control, and diagnostics, enhancing efficiency and safety while enabling predictive maintenance.

Businesses need gas valves that can fit their unique needs and easily work with their existing systems. To meet this demand, valve makers are designing products that are like building blocks. This "modular" approach makes it simple to set up, fix, and update the valves because you can just add or switch out different parts. There's also a growing call for gas valves made from materials that won't harm the environment, like lead-free brass or stainless steel. This helps protect the planet and keeps people from being exposed to harmful chemicals. To stay ahead in the gas valve market, big companies are buying each other. This helps them offer more products, reach more customers, and come up with better technology. It's changing the industry and leading to new and improved gas valve designs that meet the changing needs of businesses.

Gas Valve Market Analysis

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The types of valves used in the gas industry include gate valves, control valves, ball valves, butterfly valves, plug valves, and others. The most common type is the gate valve, which accounted for $1.7 billion in sales in 2023. This popularity stems from several key features. When fully open, gate valves allow gas to flow almost without any hindrance. This helps maintain a strong flow rate, which is crucial in gas applications where efficiency is important. When fully closed, gate valves create a tight seal, ensuring that no gas leaks out when the valve is not in use. This is essential for safety and prevents the loss of valuable gas. Gate valves are also very versatile and can be used in various gas distribution systems, such as pipelines, industrial plants, and even residential applications. This wide range of applications makes gate valves a popular choice across the gas industry.

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When it comes to gas and oil, the market is divided into different areas based on how it's used. These areas include pumping oil and gas, moving gas through pipelines, and supplying gas to cities. In 2023, most of the market (about 39%) was for pumping oil and gas. Gas valves are like the gatekeepers of oil and gas production. They control the flow of gas in pipelines and equipment, making sure it gets where it needs to go. They let workers fine-tune the amount of gas flowing, so they can match what's needed, make the most of production, and avoid any problems with too much or too little gas. And these valves are tough! They can handle the rough conditions of the oil and gas world, like high pressure, extreme heat and cold, rust-causing chemicals, and gritty stuff. They're built to last and work reliably, so everything keeps running smoothly.

Imagine you're in a big market filled with all kinds of products and services. Now, let's categorize these products based on who's going to use them. There's the aerospace and defense section, where they've got everything from planes to missiles. Then, you have food processing, where they make all the delicious food we eat. And let's not forget about our cars and trucks, which are in the automotive section. Oh, and hold on, there's also chemical and petroleum, which is a huge part of this market. In 2023, chemical and petroleum ruled the roost, with about 35% of the market share. Now, let's talk about gas valves. These are super important in the chemical and petroleum industries because they deal with all sorts of gases like natural gas, propane, hydrogen, and even oxygen. They make sure these gases flow smoothly through pipes and other equipment. And here's a cool thingmany of these gas valves are now automatic. That means people can control them from a central spot, which makes everything safer and way more efficient.

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Asia Pacific dominated the global gas valve market, generating USD 2 billion in 2023. This leading position is attributed to the increasing interest in gas valves with the rising electrification and urbanization in the region. This region will command a significant share of the global market, propelled by rapid urbanization and economic growth. As urbanization gains momentum, a growing number of individuals are migrating to cities, elevating living standards, and presenting lucrative opportunities for the expansion of gas valves. The rise in disposable income further contributes to this regional market trend.

Gas Valve Market Share

In 2023, dominant market players, including ARIS Stellantriebe GmbH, Emerson Electric Co., Danfoss A/S, Dwyer Instruments LTD, and China Yuanda Valve Group collectively held a substantial 15%-25% market share. The market is highly fragmented. These industry leaders are actively engaged in strategic initiatives such as mergers & acquisitions, facility expansions, and partnerships to broaden their product portfolios, reach a wider customer base, and strengthen their market presence. These companies continuously invest in research & development to improve their electronic products and incorporate new technologies, allowing them to stay ahead of the competition.

Gas Valve Market Companies

Major players operating in the gas valve industry include

  • ARIS Stellantriebe GmbH
  • Emerson Electric Co.
  • Danfoss A/S
  • Dwyer Instruments LTD
  • China Yuanda Valve Group
  • CNNC Sufa Technology Industry
  • Dalian DV Valve
  • Schlumberger Limited
  • Shandong Yidu Valve Group
  • Flowserve Corporation
  • Tyco International
  • Pentair
  • Watts
  • Velan
  • SWI Valve
  • Kitz Group
  • Neway
  • Henan Kaifeng High Pressure Valve

Gas Valve Industry News

  • In May 2022, Web stone, a brand of NIBCO, announced the launch of ball valves with reversible handles, elbows, and couplings. The product that is available in the press ball valve with bleeder and reversible handle and large Pro-Pal Union Ball that are of sizes 1 1/4' and 1 1/2') in FIP, sweat, and press.
  • in January 2022, AMPO POYAM VALVES signed a corporate procurement agreement with Aramco in the 6th edition of the In-Kingdom Total Value Add Forum to supply engineered valves as well as ad-hoc and added value services. AMPO has been in Saudi Arabia and has supplied more than 20,000 valves for strategic projects in the oil and gas industries.
  • In August 2021, Dixon announced the launch of 2-piece stainless steel ball valves for the oil and gas industry that can replace 6 different common ball valve ranges. Such innovations reduce the burden of re-investments or service investments from the industries and drive the market studied.

The gas valve market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Billion) and volume (Million Units) from 2018 to 2032, for the following segments

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Market, By Product Type

 

  • Gate Valves
  • Control Valves
  • Ball Valves
  • Butterfly Valve
  • Plug Valves
  • Others (needle valves, globe valves, drain valves, etc.)

Market, By Application

  • Oil & Gas Production
  • Gas Pipeline Transportation
  • Municipal Gas
  • Others (power generator, irrigation, etc.)

Market, By End User

  • Aerospace & Defense
  • Food Processing
  • Automotive
  • Chemical & Petroleum
  • Others (semiconductor, paper & pulp, mining, construction., etc.,)

The above information is provided for the following regions and countries

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Malaysia    
    • Indonesia
  • Rest of Asia Pacific
    • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA

 

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