DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/w9d2rb/north_american) has announced the addition of the "North American Industrial Valves Market in Oil and Gas Midstream Sector 2014-2018" report to their offering.
The Industrial Valves market in North American Oil and Gas Midstream Sector will grow at a CAGR of 6.27% to 2018
The Oil and Gas industry in North America has been successful in extraction large scale production of natural gas. Heavy expansion in oil and gas extraction has led to the growth of the Midstream segment, enhancing the demand for industrial valves used in midstream application. The valves used in the Midstream sector depend on the application, nature of medium and flow attributes. The types of valves covered in this report are ball valves, control valves, gate/globe/check valves and other valves (butterfly and plug valves).
Automation in Oil and Gas Production plants is one of the key emerging trends in this market. One of the key trends observed lately is the replacement of manually operated valves with fully automated isolation and control valves, which are interconnected to a monitoring and operating system for process controls. This is likely to enhance the demand for automated valves over manual valves along with actuators and other control accessories.
According to the report, the development of the sectors has been mainly influenced by the rise of shale gas and tight oil production in the US and bitumen mining from Canadian oil sands reserves. Depreciating natural gas prices as a result of excess production has raised an urgent requirement for the development of new large-scale liquefaction and micro LNG terminals for LNG export. This is expected to drive demand for industrial valves, which can create better opportunities for the players in the North American Industrial Valves market in the Oil and Gas Midstream sector.
Further, the report states that certain environmental regulations and the promotion of renewable energy resources hinder the immediate growth of the market and curb the further expansion of certain high-stake midstream projects.
Key Vendors
- Cameron International
- Emerson Electric
- Flowserve
- Pentair
Other Prominent Vendors
- GE (Dresser- Rand Group)
- Metso
- Velan
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Market Segmentation by Application
- Market Segmentation by Product
- Market Size and Forecast
- Buying Criteria
- Market Growth Drivers
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
- Business Overview
For more information visit http://www.researchandmarkets.com/research/w9d2rb/north_american
