The double block and bleed valves constitutes valves with double seating surface in closed position that provide assistance in sealing pressure on both side of the valve. These valves provide sufficient mechanical seal for upstream as well as downstream simultaneously and are not affected by the vibration and fast movement of the machineries and equipment.
The factors that drive the growth of the global double block & bleed valves market include superior performance in terms of pressure drop, leakage points, and cost savings. Further, low risk associated with vibration is also expected to fuel the adoption of these valves in the coming years. However, slow replacement and adoption of these valves in the oil & gas industry hinder the growth of the market during the forecast period.
The global double block & bleed valves market is segmented on the basis of type, material used, application, end-user industry, and geography. By type, the market is divided into ball valves, needle valves, and others. By material used, the market in classified into stainless steel, alloys, and others. By application, the market is categorized into chemical injection & isolation, pressure transmission, pressure gauges & switches, ping/instrument interfaces, and others. By end-user industry, the market is divided into chemical, power generation, oil & gas, petrochemical, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players profiled in the report include Alco Valves Group, Schneider Electric SE, B.F.E. R.R.L., Flowserve Corporation, Haskel, Oliver Valves Limited, Parker Hannifin, Swagelok Company, Vimec S.R.L., and Walter Stauffenberg GmbH & Co. Kg.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the global double block & bleed valves market and current & future trends to elucidate the imminent investment pockets.
- Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided.
- Porters Five Forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the global market from 2016 to 2023 is provided to determine the market potential.
Double Block & Bleed Valves Market Report Highlights
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