Le Lézard
Classified in: Oil industry
Subject: SVY

Pressure Reducing Valve Market to Reach $3.61 Billion, Globally, by 2026 at 4.5% CAGR: Allied Market Research


Surge in demand from the oil & gas industry, rise in industrial processes, and increase in number of industrial infrastructures drive the growth of the global pressure reducing valve market

PORTLAND, Oregon, Dec. 13, 2019 /PRNewswire/ -- Allied Market Research published a report, titled, "Pressure Reducing Valve Market by Type (Direct Acting, and Pilot Operated), Operating Pressure (Below 300 Psig, 301-600 Psig, and Above 600 Psig), and End-User (Oil & Gas, Power Generation, Chemical, Water & Wastewater, Metals & Mining, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026." According to the report, the global pressure reducing valve industry was estimated at $2.50 billion in 2018 and is expected to hit $3.61 billion by 2026, registering a CAGR of 4.5% from 2019 to 2026.

Allied Market Research Logo

Drivers, restraints and opportunities-

Rise in demand from the oil & gas industry, surge in industrial processes, increase in number of industrial infrastructures, and upsurge in need for automation in the process industries propel the growth of the global pressure reducing valve market. On the other hand, competition from domestic manufacturers and rise in prices of raw materials curtail down the growth to some extent. However, investments in oil & gas industry from emerging economies are anticipated to create an array of opportunities in the near future.

Download Sample Report: https://www.alliedmarketresearch.com/request-sample/6209

The pilot-operated pressure reducing valve segment to dominate by 2026-

Based on type, the pilot-operated pressure reducing valve segment contributed to nearly three-fifths of the global pressure reducing valve market share in 2018, and is anticipated to maintain the lion's share by the end of 2026. This is due to these valves reduces the flow of fluids. Simultaneously, the direct-acting pressure reducing valve segment would cite the fastest CAGR of 5.0% throughout the forecast period. Features like easy pressure setting, compact design, simple operation, accurate control, and others drive its demand for small scale operation, which has boosted the growth of the segment.

The oil & gas segment to retain the lion's share during the estimated period-

Based on end-user, the oil & gas segment held the major share in 2018, generating nearly two-fifths of the global pressure reducing valve market in 2018, and is expected to retain its dominance during the study period. New oil & gas exploration activities coupled with heavy investments in refineries and pipelines in the Americas, the Middle East, Africa, and APAC are the major factors that drive the market growth. The chemical segment, on the other hand, would register the fastest CAGR of 5.6% from 2019 to 2026. This is attributed to increase in consumption, rapid urbanization in developing countries, and rise in demand for chemicals used in the various levels of applications in oil & gas industry such as fracking.

Get upto 30% Discount- Enquire Now @ https://www.alliedmarketresearch.com/purchase-enquiry/6209

Asia-Pacific, followed by Europe and North America, to rule the roost-

Based on geography, the Asia-Pacific region accounted for more than one-third of the global pressure reducing valve market revenue in 2018, and is projected to maintain its top status by 2026. At the same time, the region would also showcase the fastest CAGR of 5.6% throughout the estimated period. This is due to emerging countries such as China and India are facing the need to diversify and increase their energy sources. However, North America held the third largest share in 2018.

Key players in the industry-

Access KNOWLEDGE TREE (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/knowledgetree

Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas.

Similar Reports:

Global Butterfly Valves Market Expected to Reach $13,667.0 Million by 2025

Australian Pressure Safety Valve Market Expected to Reach $65.38 Million, by 2025

Actuators & Valves Market to Reach $125 Billion by 2022, Globally

Control Valve Market - Global Opportunity Analysis and Industry Forecast, 2019-2026

Pre-book Offer 12% Discount:

Industrial Valves Market - Global Opportunity Analysis and Industry Forecast, 2019-2026

Explosion Proof Solenoid Valves Market - Global Opportunity Analysis and Industry Forecast, 2019-2026

About us:

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client's insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

Contact us:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
[email protected]

Web: www.alliedmarketresearch.com

Follow us on: https://www.linkedin.com/company/allied-market-research/

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg  

 


These press releases may also interest you

28 mar 2024
Curio Legacy Ventures (Curio), a frontrunner in nuclear technology innovation, proudly announces a strategic partnership with Navarro Research and Engineering, Inc. (Navarro). This collaboration signals a significant step forward in advancing nuclear...

28 mar 2024
Arctech has recently signed a contract for the 500MW Manah I power plant project in Oman, following its successful bid for the 588MW Manah II PV project in Oman earlier in 2023. This consecutive project win showcases Arctech's customized solutions...

28 mar 2024
The "Fuel Cells - Global Strategic Business Report" has been added to  ResearchAndMarkets.com's offering. The global market for Fuel Cells estimated at US$11.4 Billion in the year 2023, is projected to reach a revised size of US$40.7 Billion by...

28 mar 2024
Peabody today filed its Proxy Statement for its 2024 Annual Meeting of Stockholders to be held on May 9, 2024, which disclosed that current members of Peabody's Board of Directors Samantha B. Algaze and David J. Miller have determined that they will...

28 mar 2024
Quanta Services, Inc. announced today that its Board of Directors has declared a quarterly cash dividend to stockholders of $0.09 per share, or a rate of $0.36 per share on an annualized basis. The dividend is payable on April 17, 2024, to...

28 mar 2024
ONEOK, Inc. will release first quarter 2024 earnings after the market closes on April 30, 2024. ONEOK's executive management will participate in a conference call the following day.      What:              ONEOK first quarter 2024 earnings...



News published on and distributed by: