Anti-Surge Valves Market

Anti-surge valves are the control valves equipped in the compressor that prevent the compressor from any damage. The anti-surge valves exhaust the vapor from the compressor to the atmosphere and recirculate it back to the compressor inlet. They can deliver accurate control without overshoot and immediately respond back to avoid compressor surge. Theseare protection valves generally used in the steam turbines and gas turbines in the oil & gas industries. The anti-surge valves are categorized into three types on the basis of actuation that is hydraulic, electric, and pneumatic. The manufacturers of anti-surge valves provide two types of services to their customers such as testing and maintenance.

COVID-19 scenario analysis:

• The demand for the Anti-Surge Valves Market is expected to decrease in the year 2020 due to lockdown imposed by the government and low demand form construction and electrical industries.
• COVID-19 pandemic has shut-down the production of various products in the Anti-Surge Valves, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of the boom truck market significantly form last few months, as is likely to continue during 2020.
• COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020 and is likely to cause a negative impact on the market growth throughout the year.
• The major demand for equipment and machinery was previously noticed form giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which is badly affected by the spread of coronavirus, thereby halting the demand for equipment and machinery.
• Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.
• Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19 infection cases start to decrease.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The growing industrialization and infrastructural development across various countries is expected to fuel the demand for the anti-surge valves. The rising demand for the automatic & electric anti-surge valves in the oil & gas industries is expected to drive the anti-surge valve market. The anti-surge valves can resist high pressure & temperature, acidic products, abrasive contaminants and other conditions. The anti-surge valves are used to reduce the suction pressure of the compressor, which increases due to reverse air flow in the compressor. These features are expected to fuel the growth of the anti-surge valve market. The increase in compressors across industries and growing compressor blockage due to improper exhaustion of vapor or gases, is expected to boost the anti-surge valve market. Countries in Asia-Pacific such as China, India, and Japan, are expected to hold a major share in the anti-surge valve market due their growing economy and increasing industrialization. However, high noise and vibration generated by anti-surge valve can hamper the growth of the anti-surge valve market.

New product launches to flourish the market

Thelaunch of new generation technologically advanced anti-surge valves can boost the growth of the market. In the past few years, the demand for anti-surge valves in various end user industries has been significantly increasing. In August 2018, one of the global leader in anti-surge valves Mokveld has launched recycle control valves of 16 Megawatt. The Mokveld antisurge valves are energy efficient and can help in protection of compressors from critical surge conditions. These control valves are installed outdoors as it exhibits a noise level of 85dBA.

High demand from application:

The anti-surge valves are used when surge occur in an application. The anti-surge valve is generally used in the compressors to prevent critical surge conditions. The anti-surge valve can be used as a recycle control valve to control the reverse flow of the gases into the compressor. The anti-surge valves can deliver accurate control without overshoot and also responds immediately to avoid surge conditions in compressor. The anti-surge valves are especially used in the steam and gas turbines in oil & gas industries. Further, the surge in compressor occurs when the downstream flow demand quickly decreases. Thus, causing a rapid increase in downstream pressure. The anti-surge valve is equipped in the compressor to protect it from the damage caused due to downstream pressure and maintain the stable working condition of the compressors.

Key benefits of the report:

• This study presents the analytical depiction of the boom truck market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the boom truck market share.
• The current market is quantitatively analyzed to highlight the boom truck market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed Market analysis based on competitive intensity and how the competition will take shape in coming years.

 Anti-Surge Valves Market Report Highlights