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2019

Pressure Reducing Valve Market

Pressure Reducing Valve Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type, Operating Pressure and End-User : Global Opportunity Analysis and Industry Forecast, 2019-2026

CM : Engineering, Equipment and Machinery

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Author's: Priyanka Khandelwal | Sonia Mutreja
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Pressure Reducing Valve Market Outlook - 2026

The global pressure reducing valve market size was valued at $2,501.7 million in 2018, and is projected to reach $3,617.7 million by 2026, registering a CAGR of 4.5% from 2019 to 2026. The pressure reducing valve are designed to lower the incoming gas, fluid, and steam pressure. In addition, it monitors downstream pressure to protect against changes in flowing conditions. High-performance pressure reducing valve are majorly designed for precise throttling control or for on-off service in lighter weight piping systems. The functional features of these valves such as rugged reliability, cheaper cost, high energy-efficiency, and easy maintenance, are majorly driving demand for these valves. 

There is an increase in the demand for high performance pressure reducing valve in the oil & gas industry, owing to the high capacity, straight through flow path, and ability to pass solid & viscous media. In addition, rapid advancements in valve technologies also contributes toward the pressure reducing valve market growth. Manufacturers such as Honeywell, Apollo Valves, Eaton, Parker, and others, are offering wide range of high-performance pressure reducing valve for diverse applications. However, the uncertainty in raw material price may hamper the market growth.

Pressure Reducing Valve Market

Furthermore, the oil & gas sector is experiencing tremendous growth in the recent few years with the discovery of oil & gas reserves worldwide. The pressure reducing valve are needed in the oil & gas sector from the upstream exploration and production to midstream transmission and downstream refining. These valves are used in onshore and offshore oil & gas production that are both designed as per their requirement. Middle East nations, which are major oil producing countries are driving the growth of the pressure reducing valve market share for oil & gas segment.  

The heavy investments in new oil & gas exploration activities, and expansion of new pipelines and refineries in the Middle East, Americas, Africa, and Asia-Pacific are the major factors that will fuel the pressure reducing valve market growth in near future.

Pressure Reducing Valve Market
By Type
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Direct-acting pressure reducing valve segment is projected to grow at a significant CAGR

The global pressure reducing valve market is segmented based on type, operating pressure, and end-user, and region. Based on type, the market is bifurcated into direct acting, and pilot operated. Based on operating pressure, the market is divided into Below 300 Psig, 301-600 Psig, and Above 600 Psig. Based on end-user, the pressure reducing valve market is segmented as oil & gas, power generation, chemical, water & wastewater, metals & mining, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific garner major share in terms of revenue in 2018. China, India, and Japan are the major economies, which are contributing toward the growth of the pressure reducing valve market during the forecast period due to increase in adoption of pipeline transportation and power projects.  

The Asia-Pacific region is projected to experience growth during the forecast period owing to expansion of the oil and gas sector in the region. Moreover, growth in investment in oil & gas activities, investment in the new refineries, and modernization of the existing facilities in the emerging markets in Africa and Latin America, are also expected to fuel the pressure reducing valve market growth in the region. Furthermore, the Middle East countries, which are the major oil producing countries are responsible for the growth of the pressure reducing valve market during the forecast period.

Pressure Reducing Valve Market
By End-user
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Oil and gas segment holds dominant position in 2018

Competition Analysis

The key market players profiled in the report of the pressure reducing valve market include Apollo Valves, Eaton, Honeywell International Inc., KSB, Parker, Reliance Worldwide Corp. Ltd., Singer Valve, Spirax-Sarco Engineering plc, TALIS Management Holding GmbH, and WATTS Industries. The major players operating in the global market have adopted key strategies such as acquisitions, and product launch to strengthen their market outreach and sustain the stiff competition in the pressure reducing valve market. For instance, in June 2016, KSB Group announced new BOAX-B FM valve, which is used in fire-protection applications. The elastomer enables efficient use of these valves and better water tightness. Similarly, in June 2017, Velan introduced the new Securaseal R-series cast metal-seated quarter turn ball valve at Valve World Expo in Houston, Texas.

Pressure Reducing Valve Market
By Region
2026
Asia-pacific 
North America
Europe
LAMEA

Asia-Pacific holds a dominant position in 2018 and is expected to grow at a highest rate during the forecast period.

Key Benefits for Pressure Reducing Valve Market:

  • The report provides an extensive analysis of the current and emerging pressure reducing valve market trends and dynamics.  
  • In-depth pressure reducing valve market analysis is conducted by constructing estimations for the key segments between 2018 and 2026. 
  • Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
  • A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
  • The global pressure reducing valve market forecast analysis from 2018 to 2026 is included in the report.
  • Key market players operating in the market are profiled in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the pressure reducing valve industry. 

Pressure Reducing Valve Market Segments:

By Type

  • Direct acting  
  • Pilot operated

By Operating Pressure

  • Below 300 Psig
  • 301-600 Psig
  • Above 600 Psig

By End-user

  • Oil & Gas
  • Power Generation
  • Chemical
  • Water & Wastewater
  • Metals & Mining
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East 
    • Africa

Key Players

  • Apollo Valves
  • Eaton
  • Honeywell International Inc.
  • KSB
  • Parker 
  • Reliance Worldwide Corp. Ltd.
  • Singer Valve
  • Spirax-Sarco Engineering plc
  • TALIS Management Holding GmbH
  • WATTS Industries

Pressure Reducing Valve Market Report Highlights

Aspects Details
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By Type
  • Direct-acting pressure reducing valve
  • Pilot-operated pressure reducing valve
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By Operating Pressure
  • Below 300 Psig
  • 301-600 Psig
  • Above 600 Psig
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By End-user
  • Oil & Gas
  • Power Generation
  • Chemical
  • Water & Wastewater
  • Metals & Mining
  • Others
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
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Key Market Players

Parker-Hannifin Corporation, TALIS Management Holding GmbH, Reliance Worldwide Corporation Limited, Aalberts Industries N.V., Eaton Corporation plc, Watts Water Technologies, Inc., KSB SE & Co. KGaA, Honeywell International Inc., Mueller Water Products, Inc., Spirax-Sarco Engineering plc

Analyst Review

The pressure reducing valves are widely used in various industries, which include chemical and oil industries, fuel handling systems, water supply, wastewater treatment, fire protection, and gas supply. The pressure reducing valve market is projected to depict a prominent growth during the forecast period, owing to various factors, such as rise in number of industrial infrastructures, and increase in demand from the oil & gas industry. In addition, increase in investment in the power generation and chemical industry is also expected to boost the demand for pressure reducing valve  in various processes in the developing economies such as Brazil, China, and India.

The oil & gas industry is currently creating the highest demand for pilot operated pressure reducing valve. Direct acting pressure reducing valves  are more efficient and enable greater level of controls as compared to the other type of valves. Various leading manufacturers such as Apollo Valves, Eaton, Honeywell International Inc., KSB, and Reliance Worldwide Corp. Ltd., occupy a prominent revenue share in the market.

Based on end-user, the oil and gas segment garnered the highest market share in 2018, as the demand for pressure reducing valve is increasing in the oil and gas industry. Moreover, by type, direct acting is expected to generate the maximum revenue share throughout the forecast period.

Among the analyzed regions, Asia-Pacific is expected to account for the highest CAGR in the global market throughout the forecast period.

 

Author Name(s) : Priyanka Khandelwal | Sonia Mutreja
Frequently Asked Questions?

The factors that drive pressure reducing valve market growth are an increase in the demand for high-performance pressure reducing valve in the oil & gas industry and rapid advancements in valve technologies.

The market share of pressure reducing valve market in 2018 was $2,501.7 million.

To get latest version of pressure reducing valve market report

The key trends in the pressure reducing valve market are growing investments in the oil & gas industry from emerging economies.

Asia-Pacific will provide more business opportunities for the pressure reducing valve market in the future.

On the basis of top growing big corporation, we select top 10 players.

The key growth strategies adopted by pressure reducing valve market players are product launches and acquisition.

The leading players in the pressure reducing valve market are Apollo Valves, Eaton, Honeywell International Inc., KSB, Parker, Reliance Worldwide Corp. Ltd., Singer Valve, Spirax-Sarco Engineering plc,

By end-user, the oil & gas segment holds the maximum share of the pressure reducing valve market in 2018.

The potential customers of pressure reducing valve industry are the chemical industry, metal & mining industry, and the oil & gas industry.

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Pressure Reducing Valve Market

Global Opportunity Analysis and Industry Forecast, 2019-2026