7:42 AM Isolation Valves Market Size to reach US$ 38.6 billion in 2025 |
| An isolation valve is a mechanical device, used to open and shut the flow of fluid via pipeline. A valve is classified as an isolation valve solely due to its desired function/role to isolate the flow of fluid in a process pipe loop. This type of valve is generally used for maintenance and safety purposes in industries such as oil & gas, water & wastewater, and chemical & petrochemicals. In order to select a valve for isolation of flow of fluid, following criteria need to be taken into consideration: operating pressure and temperature range, shut-off (classification and direction), process conditions, flow capacity, pipe connections, manual or automated, required service life, industry standards, system performance, and total cost of ownership.
The isolation valves market is projected to grow at a healthy rate over the next five years to reach an estimated value of US$ 38.6 billion in 2025. The year 2020 is expected to be extremely challenging for almost all the markets including isolation valves, due to the outbreak of COVID-19 across the world. The growth of the isolation valves market is highly dependent upon the performance of various industrial sectors with the oil & gas industry being the major one. Click here to get a Free Sample of the report (with additional insights) Or Read the summary of the report here Isolation Valves Market Insights: By Valve Type: Based on the valve type, the isolation valves market is segmented into ball valve; plug valve; gate, globe & check valve; butterfly valve; and other valves. The gate, globe & check valve is likely to remain the dominant segment of the market during the forecast period, owing to its benefits such as good isolation properties, shorter strokes, and minimum pressure loss. These benefits have led to its wide adoption in almost all end-use industries. By End-Use Industry Type: Based on the end-use industry type, the market is segmented into oil & gas, power generation, chemical & petrochemical, water & wastewater, and others. Oil & gas is expected to remain the dominant and fastest-growing segment of the market during the forecast period, driven by an expected surge in oil production in 2020. Russia has already announced to increase the production to crude oils from April this year. The recent decline in the crude oil prices due to breach of the three-year-old pact between Russia and OPEC may dwindle the demand for isolation valves in the year 2020. However, the demand for isolation valves in the oil & gas industry is estimated to invigorate after 2020 and create healthy growth opportunities for the market participants. By Operation Type: Based on the operation type, the isolation valves market is segmented into automated valve and manual valve. The manual valve is expected to remain the larger segment, whereas the automated valve is expected to be the faster-growing segment during the forecast period. Gaining momentum of automation valves is due to their various advantages such as precise flow modulation with improved accuracy and efficiency, advanced preventive maintenance ability, and an option to change the flow path between the continuous and batch process. Owing to these benefits along with rapid advancements in valve control technologies, the automated isolation valves market is subjected to offer high-growth opportunities in the years to come. By Region: In terms of region, Asia-Pacific is projected to remain the largest as well as the fastest-growing market for isolation valves during the forecast period. The region is among the largest market for the chemical & petrochemical and power generation industries with China being the largest market in the world. Industrialization, urbanization, and water & wastewater treatment activities coupled with the expected rebound of key economies across the region are the major factors propelling the growth of the region’s market over the forecast period. North America is projected to remain the second-largest market for isolation valves during the forecast period, mainly driven by the USA. The region is the largest market for oil & gas products and water & water treatment activities. Increasing spending by utilities on pipe rehabilitation for reducing water loss and increasing electricity generation and chemical production is pushing the demand for isolation valves in the region. Click below to run through the detailed ToC of the report Features of the Report This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. Based on the research, a proper report is crafted with the following key features:
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