Global Hybrid Valve Market, By Material (Steel, Tungsten Carbide, Duplex Nickel, Titanium, Alloy, Others), Valve Size (Up to 1”, 1”–6”, 6’’–25’’, 25’’ to 50’’, 50’’ & Larger), Industry (Oil & Gas, Energy & Power, Water & Wastewater, Building & Construction, Chemicals, Pharmaceuticals, Agriculture, Metal & Mining, Paper & Pulp, Food & Beverages, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
The hybrid valve market is expected to witness market growth at a rate of 6.5% in the forecast period of 2021 to 2028, and is estimated to reach the value of USD 1.69 billion by 2028. Data Bridge Market Research report on hybrid valve market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in the use of product in various industries globally is escalating the growth of hybrid valve market.
The hybrid valves refer to the mechanically and electrically operating valves for smooth flow solutions. These valves are used for smooth flow of liquid for enhancing efficiency of metering pumps. These valves are operated electrically and manually that ensure extra facility and reliability with the use of hybrid technology. They are mostly installed in chemical plants and petrochemical refineries.
The rise in demand for energy & power generation, especially in developing regions acts as one of the major factors driving the growth of hybrid valve market. The increase in need for controlling excessive noise, vibration, pressure, and cavitation in critical processes, and surge in the oil & gas production rising demand for hybrid valves in Gcc countries accelerate the market growth. The high demand for hybrid valve made of steel/alloy/carbide materials owning to the corrosion problems in the oil & gas industry and rise in need for wireless/remote infrastructure to monitor equipment in various plants along with an high focus on technology advancements further influence the market. Additionally, increase in investments, networking capability to work alongside sophisticated monitoring technology, and increase in chemicals used by the consumers positively affect the hybrid valve market. Furthermore, use of 3D printers in valve manufacturing and increase in the number of refineries and petrochemical & chemical plants extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, high fabrication cost of valves and rise in instances of downtime to increase the repairing and maintenance expenditures of valves are expected to obstruct the market growth. Lack of standardized certifications and government policies to increase the production cost are projected to challenge the hybrid valve market in the forecast period of 2021-2028.
This hybrid valve market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info hybrid valve market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Hybrid Valve Market Scope and Market Size
The hybrid valve market is segmented on the basis of material, valve size and industry. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of material, the hybrid valve market is segmented into steel, tungsten carbide, duplex nickel, titanium, alloy and others.
- On the basis of valve size, the hybrid valve market is segmented into p to 1”, 1”–6”, 6’’–25’’, 25’’ to 50’’, and 50’’ & larger.
- On the basis of industry, the hybrid valve market is segmented into oil & gas, energy & power, water & wastewater, building & construction, chemicals, pharmaceuticals, agriculture, metal & mining, paper & pulp, food & beverages and others.
Hybrid Valve Market Country Level Analysis
The hybrid valve market is segmented on the basis of material, valve size and industry.
The countries covered in the global hybrid valve market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the hybrid valve market due to the availability of natural gas and expanding power generation infrastructure in the United States. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 because of the rapid urbanization in developing economies, such as China and India.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Hybrid Valve Market Share Analysis
The hybrid valve market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to hybrid valve market.
The major players covered in the hybrid valve market report are Emerson Electric Co., IMI Plc., Trillium Flow Technologies, Chemtrols EMET Private Limited., Dymet Alloys, Carter Process Control GmbH, Penn United Technologies, Inc. MASCOT, Automat Industries Ltd., Flowserve Corporation, L&T Valves Limited, BLACOH Fluid Controls, Inc., Circor International Inc., KOSO INDIA, and Wuxi Smart Auto-Control Engineering Co. LTD., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.