Market Overview:
The global needle valves market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for needle valves from various end-use industries, such as oil and gas, chemical, metallurgical and others. In addition, the growing demand for automatic type needle valves is also contributing to the growth of this market.
Product Definition:
A needle valve is a valve with a long, thin stem resembling a needle. It is used to regulate the flow of fluids through pipes by controlling the size of the opening at the end of the valve. Needle valves are important because they can be opened and closed very quickly, which makes them ideal for use in systems where precise control over fluid flow is important.
Automatic Type:
Automatic type is a technology that enables the production of printed circuit boards (PCB) without the need for manual intervention. It uses an automated system to place components on the PCB with high accuracy and speed. The technology has been around for more than two decades but its application was limited to low volume manufacturing until recently when it started gaining popularity due to its cost-effectiveness, efficiency and flexibility in manufacturing large volumes of complex products such as connectors, sockets, IC’s etc.
Power Drive Type:
The power drive type is used in the needle valves to provide a constant flow of fluid. The main function of these devices is to control and monitor the pressure loss that occurs when a valve opens, and it does not allow surge in pressure. These are mainly used for controlling high-pressure situations that cannot be managed by conventional systems or methods.
Application Insights:
The other application segment includes food & beverage, chemical processing, oil refining device and others. The product demand in this segment is expected to grow at a significant rate over the forecast period owing to its ability to process high flow rates with ease. In addition, it has a compact design which makes it suitable for installation in tight spaces between sections of piping systems.
Needle valves are used as an integral part of low temperature piping systems that are primarily used for heat transfer applications from power generation plants or industrial furnaces where temperatures range between 0°C and 300°C. These products have been witnessing growing adoption across various industries due to their ability to withstand high pressure without getting damaged thereby making them ideal for use in such applications.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of manufacturers, which can be attributed to low manufacturing cost as compared to other regions. In addition, increasing demand for pharmaceutical products coupled with growing medical tourism in developing economies such as China and India is expected to drive the product demand in this region.
The Middle East & Africa (MEA) market was valued at USD X million in 2017 owing to rising oil production activities across countries such as Saudi Arabia and Iran. In addition, increasing construction activities due to rapid urbanization are also driving product demand across this region over the forecast period.
Growth Factors:
- Increasing demand for precision control valves in various process industries
- Growing popularity of needle valves as a throttling device
- Rising investments in oil & gas and chemical processing industries
- Technological advancements in needle valve design and manufacturing processes
- Growing demand for high-performance valves from end-use industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Needle Valves Market Research Report
By Type
Automatic Type, Power Drive Type, Manual Type
By Application
Low Temperature Piping System, Oil Refining Device, Chemical Piping, Metallurgical System, Product Delivery, Other
By Companies
Cameron, Emerson Electric, Flowserve, KSB, Pentair, Alfa Laval, AVK Group
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
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Needle Valves Market Report Segments:
The global Needle Valves market is segmented on the basis of:
Types
Automatic Type, Power Drive Type, Manual Type
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
Low Temperature Piping System, Oil Refining Device, Chemical Piping, Metallurgical System, Product Delivery, Other
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:
- Cameron
- Emerson Electric
- Flowserve
- KSB
- Pentair
- Alfa Laval
- AVK Group
Highlights of The Needle 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:
- Automatic Type
- Power Drive Type
- Manual Type
- By Application:
- Low Temperature Piping System
- Oil Refining Device
- Chemical Piping
- Metallurgical System
- Product Delivery
- Other
- 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 Needle 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
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- Product & Brand Management
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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?
Needle valves are used in medical devices to control the flow of fluid. They are also used in industrial applications, such as oil and gas production.
Some of the key players operating in the needle valves market are Cameron, Emerson Electric, Flowserve, KSB, Pentair, Alfa Laval, AVK Group.
The needle valves market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Needle 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 Needle Valves Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Needle 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 Needle 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 Needle Valves Market Size & Forecast, 2018-2028
4.5.1 Needle Valves Market Size and Y-o-Y Growth
4.5.2 Needle Valves Market Absolute $ Opportunity
Chapter 5 Global Needle Valves 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 Needle Valves Market Size Forecast by Type
5.2.1 Automatic Type
5.2.2 Power Drive Type
5.2.3 Manual Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Needle Valves 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 Needle Valves Market Size Forecast by Applications
6.2.1 Low Temperature Piping System
6.2.2 Oil Refining Device
6.2.3 Chemical Piping
6.2.4 Metallurgical System
6.2.5 Product Delivery
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Needle 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 Needle 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 Needle Valves Analysis and Forecast
9.1 Introduction
9.2 North America Needle Valves 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 Needle Valves Market Size Forecast by Type
9.6.1 Automatic Type
9.6.2 Power Drive Type
9.6.3 Manual Type
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 Needle Valves Market Size Forecast by Applications
9.10.1 Low Temperature Piping System
9.10.2 Oil Refining Device
9.10.3 Chemical Piping
9.10.4 Metallurgical System
9.10.5 Product Delivery
9.10.6 Other
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 Needle Valves Analysis and Forecast
10.1 Introduction
10.2 Europe Needle Valves 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 Needle Valves Market Size Forecast by Type
10.6.1 Automatic Type
10.6.2 Power Drive Type
10.6.3 Manual Type
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 Needle Valves Market Size Forecast by Applications
10.10.1 Low Temperature Piping System
10.10.2 Oil Refining Device
10.10.3 Chemical Piping
10.10.4 Metallurgical System
10.10.5 Product Delivery
10.10.6 Other
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 Needle Valves Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Needle Valves 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 Needle Valves Market Size Forecast by Type
11.6.1 Automatic Type
11.6.2 Power Drive Type
11.6.3 Manual Type
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 Needle Valves Market Size Forecast by Applications
11.10.1 Low Temperature Piping System
11.10.2 Oil Refining Device
11.10.3 Chemical Piping
11.10.4 Metallurgical System
11.10.5 Product Delivery
11.10.6 Other
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 Needle Valves Analysis and Forecast
12.1 Introduction
12.2 Latin America Needle Valves 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 Needle Valves Market Size Forecast by Type
12.6.1 Automatic Type
12.6.2 Power Drive Type
12.6.3 Manual Type
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 Needle Valves Market Size Forecast by Applications
12.10.1 Low Temperature Piping System
12.10.2 Oil Refining Device
12.10.3 Chemical Piping
12.10.4 Metallurgical System
12.10.5 Product Delivery
12.10.6 Other
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) Needle Valves Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Needle Valves 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) Needle Valves Market Size Forecast by Type
13.6.1 Automatic Type
13.6.2 Power Drive Type
13.6.3 Manual Type
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) Needle Valves Market Size Forecast by Applications
13.10.1 Low Temperature Piping System
13.10.2 Oil Refining Device
13.10.3 Chemical Piping
13.10.4 Metallurgical System
13.10.5 Product Delivery
13.10.6 Other
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 Needle Valves Market: Competitive Dashboard
14.2 Global Needle Valves Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cameron
14.3.2 Emerson Electric
14.3.3 Flowserve
14.3.4 KSB
14.3.5 Pentair
14.3.6 Alfa Laval
14.3.7 AVK Group
