Market Overview:
The global gas shut-off valves market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for gas shut-off valves in residential, commercial and industrial applications. In addition, the growing awareness about safety and security is also propelling the demand for gas shut-off valves across the globe. Based on type, the global gas shut-off valves market can be segmented into motorised valve and solenoid valve. Motorised valve is expected to hold a larger share of the market during the forecast period owing to its advantages such as easy installation, low maintenance cost and high reliability.
Product Definition:
Gas Shut-off Valves are valves that are used to shut off the flow of gas. They are important because they help protect people and property from potential gas leaks.
Motorised Valve:
Motorised valve is a device that controls or regulates the flow of fluids by using mechanical energy generated by an electric motor. It can be used in gas shut-off valves, pressure & vacuum relief valves, and others. The growth factor for this market is increasing demand from end-use industries such as chemical processing, food & beverage processing and water treatment plants among others.
The global motorised valve market was valued at USD 2.5 billion in 2016.
Solenoid Valve:
A solenoid valve is a closed electrical circuit that allows the flow of a single gas or liquid in an open position and prevents the flow of other gases or liquids. It can be used as a control device for switching gas on and off, as well as to restrict the amount of gas entering into certain areas. Solenoid valves are widely used in industrial processes such as chemical plants, oil refineries, power generation plants among others.
Application Insights:
The residential use segment dominated the global gas shut-off valves market in 2017 and is expected to witness a CAGR of XX% over the forecast period. The growing urban population across various regions, such as North America and Asia Pacific, is anticipated to drive demand for natural gas safety valves in homes. In addition, increasing adoption of energy efficient products with features such as automatic restart is expected to drive growth over the forecast period.
Commercial use accounted for a share of 28% in 2017 owing to rising number of commercial buildings across countries including China India Japan Saudi Arabia Uae etc., which require proper installation procedures along with product selection that meets specific requirements from an equipment standpoint are driving factors for market growth at this end-use segment. Increasing industrial production across countries including Russia Mexico Brazil Indonesia etc.
Regional Analysis:
Europe was the dominant regional market in 2017 and is expected to maintain its position over the forecast period. The region accounted for a share of more than 30% of global gas shut-off valves market share in that year owing to increasing demand from commercial and industrial sectors. North America is also projected to witness significant growth over the coming years on account of rising demand for energy efficiency coupled with stringent regulations by U.S.
Growth Factors:
- Increasing demand for gas shut-off valves from the oil and gas industry as a result of increasing exploration and production activities
- Rising demand for gas shut-off valves in the power generation sector, owing to the growing need for reliable and safe equipment
- Growing popularity of smart valves that offer enhanced safety and control over the flow of gases
- Proliferation of stringent safety norms across various industries, which is driving the adoption of gas shut-off valves
- Increasing investments in research & development (R&D) initiatives to develop new technologies and products that can cater to specific needs
Scope Of The Report
Report Attributes
Report Details
Report Title
Gas Shut-off Valves Market Research Report
By Type
Motorised Valve, Solenoid Valve
By Application
Residential Use, Commercial Use, Industrial Use
By Companies
NSF Control, Panasonic, Johnson Electric, Watts, Huake, Emerson, Magnatrol Valve, WannuoBaotong, Huzhou Jinchen
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Gas Shut-off Valves Market Report Segments:
The global Gas Shut-off Valves market is segmented on the basis of:
Types
Motorised Valve, Solenoid Valve
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential Use, Commercial Use, Industrial Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- NSF Control
- Panasonic
- Johnson Electric
- Watts
- Huake
- Emerson
- Magnatrol Valve
- WannuoBaotong
- Huzhou Jinchen
Highlights of The Gas Shut-off Valves Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Motorised Valve
- Solenoid Valve
- By Application:
- Residential Use
- Commercial Use
- Industrial Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Gas Shut-off Valves Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Gas shut-off valves are devices that allow homeowners to turn off their gas supply in the event of an emergency.
Some of the major companies in the gas shut-off valves market are NSF Control, Panasonic, Johnson Electric, Watts, Huake, Emerson, Magnatrol Valve, WannuoBaotong, Huzhou Jinchen.
The gas shut-off valves market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Gas Shut-off Valves Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Gas Shut-off Valves Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Gas Shut-off Valves Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Gas Shut-off Valves Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Gas Shut-off Valves Market Size & Forecast, 2020-2028
4.5.1 Gas Shut-off Valves Market Size and Y-o-Y Growth
4.5.2 Gas Shut-off Valves Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Motorised Valve
5.2.2 Solenoid Valve
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential Use
6.2.2 Commercial Use
6.2.3 Industrial Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Gas Shut-off Valves Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Gas Shut-off Valves Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Motorised Valve
9.6.2 Solenoid Valve
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential Use
9.10.2 Commercial Use
9.10.3 Industrial Use
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Motorised Valve
10.6.2 Solenoid Valve
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential Use
10.10.2 Commercial Use
10.10.3 Industrial Use
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Motorised Valve
11.6.2 Solenoid Valve
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential Use
11.10.2 Commercial Use
11.10.3 Industrial Use
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Motorised Valve
12.6.2 Solenoid Valve
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential Use
12.10.2 Commercial Use
12.10.3 Industrial Use
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Motorised Valve
13.6.2 Solenoid Valve
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential Use
13.10.2 Commercial Use
13.10.3 Industrial Use
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Gas Shut-off Valves Market: Competitive Dashboard
14.2 Global Gas Shut-off Valves Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 NSF Control
14.3.2 Panasonic
14.3.3 Johnson Electric
14.3.4 Watts
14.3.5 Huake
14.3.6 Emerson
14.3.7 Magnatrol Valve
14.3.8 WannuoBaotong
14.3.9 Huzhou Jinchen
