Market Overview:
The global trunnion valves market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for trunnion valves from the oil and gas industry, chemical industry, steel industry, and power industry. Carbon steel is the most commonly used material for manufacturing trunnion valves owing to its low cost and high strength. However, stainless steel and alloy steel are also used in some applications owing to their properties such as corrosion resistance and high strength. North America is expected to lead the global trunnion valves market during the forecast period followed by Europe due to rising demand from various industries in these regions.
Product Definition:
A trunnion valve is a type of valve that uses a pair of pivoting posts (trunnions) to support the weight of the valve body. The use of trunnions allows for a much larger valve body than would be possible if the body were to rest on the flanges alone. This design also allows for a more compact packing gland and easier maintenance. Trunnion valves are often used in high-pressure or high-temperature applications.
Carbon Steel:
Carbon steel is a form of iron alloy containing carbon and other metals, such as nickel, chromium, molybdenum and tungsten. The product has high demand in the manufacturing of ball valves owing to its characteristics including corrosion resistance & good sealing properties along with high operating temperature. It also has low water absorption ability which makes it suitable for use in oil & gas applications where there is a possibility of contamination by water or moisture.
Stainless Steel:
Stainless steel is a type of alloy which consists of iron, chromium, nickel and titanium. The combination of these metals gives it an exceptional corrosion resistance. It has high strength and excellent ductility due to the presence of iron and low carbon content. Due to its malleable nature it can be easily formed into various shapes without any welding or heating.
Application Insights:
The oil and gas industry was the largest application segment in 2017. The global demand for various products, including trunnion valves, is expected to increase as a result of rising production activities in Saudi Arabia, Russia, U.S., Canada and China. In addition, growing investments by foreign players are anticipated to augment the growth over the forecast period.
Chemical industry is another key application segment owing to increasing product demand from companies manufacturing chemicals such as polyurethane foams and pharmaceuticals on a commercial scale for the first time ever in history of China and India respectively. Growing chemical industries at both domestic as well as international level are likely to boost product demand over next seven years or so with high growth rate globally estimated around 8% from 2018-2030 which will be followed by Europe (7%), North America (6%) then Asia Pacific (5%).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region, owing to rapid industrialization and increasing energy demand. The Asia Pacific was followed by Latin America and the Middle East Africa in terms of growth rate. The Asia Pacific held a major share in 2016 as China accounted for more than 30% of global steel production capacity at the time. However, due to overcapacity situation China has been cutting down on its steel production capacity since 2017 which resulted into lower product demand from other countries such as India and Japan who were earlier buying Chinese produced trunnion valves.
Europe is also anticipated to witness sluggish growth rate over the forecast period owing to stringent government regulations regarding carbon emissions coupled with rising environmental awareness among end-users of valve products thus resulting into slower market growth rates compared with North America or Asia Pacific regions.
Growth Factors:
- Increasing demand from the oil and gas industry for Trunnion Valves as they are used in critical applications such as regulating and shutting off the flow of fluids.
- Growing investments in infrastructure development, which is expected to lead to an increase in demand for Trunnion Valves over the forecast period.
- Rising awareness about the benefits of using Trunnion Valves, which is likely to result in an increase in their adoption across various industries.
- Technological advancements that have led to the development of new and innovative types of Trunnion Valves, thereby widening their scope of application.
Scope Of The Report
Report Attributes
Report Details
Report Title
Trunnion Valves Market Research Report
By Type
Carbon Steel, Stainless Steel, Alloy Steel, Other
By Application
Oil and Gas Industry, Chemical Industry, Steel Industry, Power Industry
By Companies
Fujikin, Samuel Industries, METSO, KITZ, CHAODA VALVES GROUP, Bonney Forge, Xiamen Fuvalve, Mogas Industries, SAMSON
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
198
Number of Tables & Figures
139
Customization Available
Yes, the report can be customized as per your need.
Global Trunnion Valves Market Report Segments:
The global Trunnion Valves market is segmented on the basis of:
Types
Carbon Steel, Stainless Steel, Alloy Steel, Other
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
Oil and Gas Industry, Chemical Industry, Steel Industry, Power Industry
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:
- Fujikin
- Samuel Industries
- METSO
- KITZ
- CHAODA VALVES GROUP
- Bonney Forge
- Xiamen Fuvalve
- Mogas Industries
- SAMSON
Highlights of The Trunnion 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:
- Carbon Steel
- Stainless Steel
- Alloy Steel
- Other
- By Application:
- Oil and Gas Industry
- Chemical Industry
- Steel Industry
- Power Industry
- 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 Trunnion 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?
Trunnion valves are a type of valve used on pipelines. They allow the flow of fluid through the pipeline while preventing the escape of gas or oil.
Some of the major players in the trunnion valves market are Fujikin, Samuel Industries, METSO, KITZ, CHAODA VALVES GROUP, Bonney Forge, Xiamen Fuvalve, Mogas Industries, SAMSON.
The trunnion 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 Trunnion 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 Trunnion Valves Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Trunnion 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 Trunnion 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 Trunnion Valves Market Size & Forecast, 2020-2028 4.5.1 Trunnion Valves Market Size and Y-o-Y Growth 4.5.2 Trunnion 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 Carbon Steel
5.2.2 Stainless Steel
5.2.3 Alloy Steel
5.2.4 Other
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 Oil and Gas Industry
6.2.2 Chemical Industry
6.2.3 Steel Industry
6.2.4 Power Industry
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Trunnion 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 Trunnion 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 Carbon Steel
9.6.2 Stainless Steel
9.6.3 Alloy Steel
9.6.4 Other
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 Oil and Gas Industry
9.10.2 Chemical Industry
9.10.3 Steel Industry
9.10.4 Power Industry
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 Carbon Steel
10.6.2 Stainless Steel
10.6.3 Alloy Steel
10.6.4 Other
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 Oil and Gas Industry
10.10.2 Chemical Industry
10.10.3 Steel Industry
10.10.4 Power Industry
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 Carbon Steel
11.6.2 Stainless Steel
11.6.3 Alloy Steel
11.6.4 Other
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 Oil and Gas Industry
11.10.2 Chemical Industry
11.10.3 Steel Industry
11.10.4 Power Industry
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 Carbon Steel
12.6.2 Stainless Steel
12.6.3 Alloy Steel
12.6.4 Other
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 Oil and Gas Industry
12.10.2 Chemical Industry
12.10.3 Steel Industry
12.10.4 Power Industry
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 Carbon Steel
13.6.2 Stainless Steel
13.6.3 Alloy Steel
13.6.4 Other
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 Oil and Gas Industry
13.10.2 Chemical Industry
13.10.3 Steel Industry
13.10.4 Power Industry
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 Trunnion Valves Market: Competitive Dashboard
14.2 Global Trunnion Valves Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Fujikin
14.3.2 Samuel Industries
14.3.3 METSO
14.3.4 KITZ
14.3.5 CHAODA VALVES GROUP
14.3.6 Bonney Forge
14.3.7 Xiamen Fuvalve
14.3.8 Mogas Industries
14.3.9 SAMSON