LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global industrial valves market in the oil and gas industry report until 2021. This research report also lists 34 other prominent vendors that are expected to impact the market during the forecast period.
The research study by Technavio on the global industrial valves market in the oil and gas industry for 2017-2021 provides detailed industry analysis based on the product (ball valves, plug valves, gate valves, globe valves, and butterfly valves) and geography (EMEA, the Americas, and APAC).
“The global industrial valves market for the oil and gas industry is projected to be worth USD 14.5 billion by 2021, growing at a CAGR of close to 6% over the forecast period. The increasing implementation of government regulations to curb environmental degradation is one of the key drivers of the market,” says Bharath Kanniappan, one of the lead analysts at Technavio for automation research.
Competitive vendor landscape
The global industrial valves market in the oil and gas industry is characterized by the presence of several small, medium and large multi-national players who offer a range of industrial valves to the oil and gas industries. Vendors incorporating customization options and offering complete automation requirements of end-users are witnessing a better foothold on the market. In this market, horizontal integration is the key to retaining market shares. Technological innovations to introduce value-added product features will have a further impact on the market share of vendors.
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Top five vendors in the global industrial valves market in the oil and gas industry
Cameron engages in the manufacturing of industrial products including pressure control, flow control, processing, and compression systems. Besides, industrial products manufacturing, the company also provides project consulting and aftermarket support services for the oil and gas industry. It is one of the global leaders in the flow control systems including valves and valve automation technologies that are deployed in the oil and gas industry.
Emerson is a diverse company that provides technology and solutions including design, engineering of products, services, and solutions for a wide range of industries globally. The oil and gas segments served to include onshore, offshore, transportation and storage, gas processing and LPG, and oilfield services.
Flowserve engages in the manufacturing, sales, and services of motion control systems for industrial applications. The company offers pumps, seals, valves, and automation services to end-user industries like the chemical, oil and gas, power generation, and water management. Value added products and services are also provided to the general industrial markets.
Pentair is a diverse industrial vendor that engages in the manufacturing of innovative products and solutions for the energy and industrial sector. The company focuses on process technologies and products including flow control, valves, actuators, and other automation products for its end-user industries.
AVK is a manufacturer of industrial control and monitoring systems for both the process and discrete industries. AVK Valves, the flow control division of AVK, manufactures a range of industrial valves for water treatment, power generation, pulp and paper, chemical, steel, and the oil and gas industries. AVK owns several subsidiaries that engage in the manufacturing of valves for specific user segments.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
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