Market Overview:
The global gas shutoff valve 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 shutoff valves in commercial, residential and industrial applications. In addition, the growing awareness about safety and security is also propelling the demand for gas shutoff valves across the globe. Cast steel is expected to be the most popular type of gas shutoff valve during the forecast period owing to its low cost and durability. Stainless steel is also anticipated to witness high growth due its properties such as corrosion resistance and strength. By application, commercial use is projected to account for a major share of the global gas shutoff valve market during 2018-2030 owing to rising construction activities across regions such as North America, Latin America, Europe and Asia Pacific.
Product Definition:
A gas shutoff valve is a type of valve used to turn off the flow of gas in a pipeline. The importance of gas shutoff valves is twofold: first, they provide an emergency means of stopping the flow of gas in the event of an accident or leak; and second, they allow for routine maintenance and repairs to be carried out on the pipeline without having to shutdown service completely.
Cast Steel:
Cast steel is a type of steel alloy, which is mainly used in manufacturing gas shut-off valves. These products are widely used for controlling the flow of gases in numerous industries such as chemical, petrochemical and oil & gas. The growth factor for cast steel is high demand from end-use industries and growing energy crisis which has led to an increase in the usage of natural gas across the globe.
Stainless Steel:
Stainless steel is a durable type of metal that has high corrosion resistance. It is used in various industries including chemical, oil & gas, construction and automotive. The demand for stainless steel depends on the end-use industry it is being used for. In the valve industry, it is widely used to make ball valves and gate valves as they are corrosion resistant and can withstand harsh operating conditions including high temperature and pressure.
The global market size was valued at USD 1.
Application Insights:
The commercial use segment dominated the global gas shutoff valve market in 2017, accounting for over 60% of the overall revenue. The growth can be attributed to increasing demand from petrochemical plants, chemical refineries and power generation plants across various industries.
Residential applications are expected to witness significant growth over the forecast period owing to rising disposable income among consumers in emerging economies such as China and India. Furthermore, growing urbanization coupled with a rise in residential construction activities is anticipated to boost product demand over the next eight years.
Regional Analysis:
North America dominated the global market in 2017. The U.S., in particular, is one of the largest consumers of natural gas across the globe as it is a major producer as well. Increasing demand for natural gas from end-use industries such as residential and commercial sectors has led to an increase in its consumption across North America, which will result in growing requirement for shutoff valves over the forecast period.
Asia Pacific region accounted for over 20% share of total revenue and is expected to witness significant growth over the forecast period owing to increasing number of LNG terminals being built along with growing industrialization across countries such as China, India, Indonesia among others will drive market growth further.
Middle East & Africa region are anticipated to grow at a CAGR exceeding 5% from 2018 till 2030 due to rapid development taking place especially within UAE.
Growth Factors:
- Increasing demand for gas shutoff valves from the oil and gas industry as a result of increasing exploration and production activities
- Rising demand for gas shutoff 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 features and can be operated remotely
- Proliferation of LNG (liquefied natural gas) terminals across the world as a result of rising demand for this cleaner fuel source
- Technological advancements that have led to the development of more sophisticated and reliable gas shutoff valves
Scope Of The Report
Report Attributes
Report Details
Report Title
Gas Shutoff Valve Market Research Report
By Type
Cast Steel, Stainless Steel, Special Alloy, Forged Brass, Others
By Application
Commercial Use, Residential Use, Industrial Use, Others
By Companies
Emerson, Watts, Bundor, Zhejiang Xinniu Pipe Industry Co., Ltd., Didtek, Blue Flame Products, JKlong, Autower
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
147
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Gas Shutoff Valve Market Report Segments:
The global Gas Shutoff Valve market is segmented on the basis of:
Types
Cast Steel, Stainless Steel, Special Alloy, Forged Brass, Others
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
Commercial Use, Residential Use, Industrial Use, Others
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:
- Emerson
- Watts
- Bundor
- Zhejiang Xinniu Pipe Industry Co., Ltd.
- Didtek
- Blue Flame Products
- JKlong
- Autower
Highlights of The Gas Shutoff Valve 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:
- Cast Steel
- Stainless Steel
- Special Alloy
- Forged Brass
- Others
- By Application:
- Commercial Use
- Residential Use
- Industrial Use
- Others
- 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 Shutoff Valve 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
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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?
A gas shutoff valve is a device used to turn off the supply of natural gas to a home or business.
Some of the major companies in the gas shutoff valve market are Emerson, Watts, Bundor, Zhejiang Xinniu Pipe Industry Co., Ltd., Didtek, Blue Flame Products, JKlong, Autower.
The gas shutoff valve 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 Shutoff Valve 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 Shutoff Valve Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Gas Shutoff Valve 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 Shutoff Valve 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 Shutoff Valve Market Size & Forecast, 2020-2028 4.5.1 Gas Shutoff Valve Market Size and Y-o-Y Growth 4.5.2 Gas Shutoff Valve 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 Cast Steel
5.2.2 Stainless Steel
5.2.3 Special Alloy
5.2.4 Forged Brass
5.2.5 Others
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 Commercial Use
6.2.2 Residential Use
6.2.3 Industrial Use
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Gas Shutoff Valve 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 Shutoff Valve 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 Cast Steel
9.6.2 Stainless Steel
9.6.3 Special Alloy
9.6.4 Forged Brass
9.6.5 Others
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 Commercial Use
9.10.2 Residential Use
9.10.3 Industrial Use
9.10.4 Others
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 Cast Steel
10.6.2 Stainless Steel
10.6.3 Special Alloy
10.6.4 Forged Brass
10.6.5 Others
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 Commercial Use
10.10.2 Residential Use
10.10.3 Industrial Use
10.10.4 Others
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 Cast Steel
11.6.2 Stainless Steel
11.6.3 Special Alloy
11.6.4 Forged Brass
11.6.5 Others
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 Commercial Use
11.10.2 Residential Use
11.10.3 Industrial Use
11.10.4 Others
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 Cast Steel
12.6.2 Stainless Steel
12.6.3 Special Alloy
12.6.4 Forged Brass
12.6.5 Others
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 Commercial Use
12.10.2 Residential Use
12.10.3 Industrial Use
12.10.4 Others
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 Cast Steel
13.6.2 Stainless Steel
13.6.3 Special Alloy
13.6.4 Forged Brass
13.6.5 Others
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 Commercial Use
13.10.2 Residential Use
13.10.3 Industrial Use
13.10.4 Others
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 Shutoff Valve Market: Competitive Dashboard
14.2 Global Gas Shutoff Valve Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Emerson
14.3.2 Watts
14.3.3 Bundor
14.3.4 Zhejiang Xinniu Pipe Industry Co., Ltd.
14.3.5 Didtek
14.3.6 Blue Flame Products
14.3.7 JKlong
14.3.8 Autower