Market Overview:
The global globe 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 globe valves from various end-use industries, such as oil & gas, power generation, water & wastewater, mining and chemical. In addition, the growing infrastructure development in emerging economies is also contributing to the growth of this market. Based on type, forged steel Globe Valves are expected to account for a major share of the global Globe Valves Market during 2018-2030. Cast Steel Globe Valves are also projected to witness significant growth over next few years due their properties such as corrosion resistance and high strength that make them suitable for use in critical applications across various industries. Regionally North America dominates Global Globe Valve Market with highest revenue share followed by Europe.
Product Definition:
A Globe Valve is a type of valve that is used to control the flow of fluid through a pipeline. It has a round body and a disk-shaped closure element that rests in the middle of the pipe. When open, the disk allows fluid to flow through; when closed, it blocks the flow.
Forged Steel:
Forged steel is a type of steel that is produced through the process of heating and holding at a temperature above 800 degrees Celsius. The carbon in the iron ore gets transformed into carbonite, which aids in increasing the hardness and strength of the metal. The metal remains hot enough to maintain this transformation until it is removed from the furnace.
The global forged steel market size was valued at USD 6,1050 million in 2016.
Cast Steel:
Cast steel is a type of steel alloy that is obtained by melting iron and carbon together. The product has high carbon content ranging from 0.8% to 2%. It also contains manganese, silicon, sulfur, and phosphorus in the right proportion which makes it suitable for manufacturing globe valves.
The global market for cast steel is expected to witness significant growth over the forecast period owing to its increasing demand in manufacturing globe valves along with other industrial applications such as pipes & tanks.
Application Insights:
The oil & gas segment accounted for the largest revenue share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing production of crude oil and natural gas across various regions, including North America, Asia Pacific, Middle East & Africa. Furthermore, growing demand for crude oil and natural gas from emerging economies such as India, China and Brazil is expected to drive the global globe valves market in this sector over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of increasing industrial activities, especially in China and India. Growing energy demand from emerging economies, such as India and China, is likely to drive oil & gas industry expansion over the coming years. In addition, robust construction sector growth across Asia Pacific countries including Indonesia, Malaysia and Vietnam is anticipated to augment water & wastewater treatment application segment growth over the next eight years.
Europe accounted for a significant share of revenue in 2017 owing to early adoption of some or other version Globe valves globally coupled with presence of major valve manufacturing companies including Valves Ltd., Schott AG etc.; Also; Europe being a maritime region has stronger penetration rate compared with other regions which further drives its demand Oil & gas industry thereby driving regional market growth.
Growth Factors:
- Increasing demand from oil and gas industry for globe valves due to their high performance and reliability.
- Rising investments in the water and wastewater treatment sector, which is expected to drive the demand for globe valves in the near future.
- Growing popularity of smart grid technology, which is likely to create new opportunities for the growth of Globe Valves market in coming years.
- Rapid expansion of infrastructure development projects across emerging economies, such as China and India, is anticipated to boost the demand for Globe Valves over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Globe Valves Market Research Report
By Type
Forged Steel, Cast Steel, Others
By Application
Oil & Gas, Power Generation, Water & Wastewater, Mining, Chemical, Others
By Companies
Emerson, Flowserve, Cameron, KITZ, KSB, AVK, Crane, IMI, Bray, Watts Canada, Circor, Kirloskar, GWC Valve, Babcock Valves, Orion Valves, Beric Davis, KOJO Valve
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Globe Valves Market Report Segments:
The global Globe Valves market is segmented on the basis of:
Types
Forged Steel, Cast Steel, 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
Oil & Gas, Power Generation, Water & Wastewater, Mining, Chemical, 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
- Flowserve
- Cameron
- KITZ
- KSB
- AVK
- Crane
- IMI
- Bray
- Watts Canada
- Circor
- Kirloskar
- GWC Valve
- Babcock Valves
- Orion Valves
- Beric Davis
- KOJO Valve
Highlights of The Globe 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:
- Forged Steel
- Cast Steel
- Others
- By Application:
- Oil & Gas
- Power Generation
- Water & Wastewater
- Mining
- Chemical
- 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 Globe 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?
A Globe Valve is a valve that has a spherical shape. It is used to control the flow of water, gas, or oil.
Some of the major companies in the globe valves market are Emerson, Flowserve, Cameron, KITZ, KSB, AVK, Crane, IMI, Bray, Watts Canada, Circor, Kirloskar, GWC Valve, Babcock Valves, Orion Valves, Beric Davis, KOJO Valve.
The globe valves market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Globe Valves Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Globe Valves Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Globe Valves Market - Supply Chain
4.5. Global Globe Valves Market Forecast
4.5.1. Globe Valves Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Globe Valves Market Size (000 Units) and Y-o-Y Growth
4.5.3. Globe Valves Market Absolute $ Opportunity
5. Global Globe Valves Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Globe Valves Market Size and Volume Forecast by Type
5.3.1. Forged Steel
5.3.2. Cast Steel
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Globe Valves Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Globe Valves Market Size and Volume Forecast by Application
6.3.1. Oil & Gas
6.3.2. Power Generation
6.3.3. Water & Wastewater
6.3.4. Mining
6.3.5. Chemical
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Globe Valves Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Globe Valves Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Globe Valves Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Globe Valves Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Globe Valves Demand Share Forecast, 2019-2026
9. North America Globe Valves Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Globe Valves Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Globe Valves Market Size and Volume Forecast by Application
9.4.1. Oil & Gas
9.4.2. Power Generation
9.4.3. Water & Wastewater
9.4.4. Mining
9.4.5. Chemical
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Globe Valves Market Size and Volume Forecast by Type
9.7.1. Forged Steel
9.7.2. Cast Steel
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Globe Valves Demand Share Forecast, 2019-2026
10. Latin America Globe Valves Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Globe Valves Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Globe Valves Market Size and Volume Forecast by Application
10.4.1. Oil & Gas
10.4.2. Power Generation
10.4.3. Water & Wastewater
10.4.4. Mining
10.4.5. Chemical
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Globe Valves Market Size and Volume Forecast by Type
10.7.1. Forged Steel
10.7.2. Cast Steel
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Globe Valves Demand Share Forecast, 2019-2026
11. Europe Globe Valves Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Globe Valves Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Globe Valves Market Size and Volume Forecast by Application
11.4.1. Oil & Gas
11.4.2. Power Generation
11.4.3. Water & Wastewater
11.4.4. Mining
11.4.5. Chemical
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Globe Valves Market Size and Volume Forecast by Type
11.7.1. Forged Steel
11.7.2. Cast Steel
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Globe Valves Demand Share, 2019-2026
12. Asia Pacific Globe Valves Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Globe Valves Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Globe Valves Market Size and Volume Forecast by Application
12.4.1. Oil & Gas
12.4.2. Power Generation
12.4.3. Water & Wastewater
12.4.4. Mining
12.4.5. Chemical
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Globe Valves Market Size and Volume Forecast by Type
12.7.1. Forged Steel
12.7.2. Cast Steel
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Globe Valves Demand Share, 2019-2026
13. Middle East & Africa Globe Valves Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Globe Valves Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Globe Valves Market Size and Volume Forecast by Application
13.4.1. Oil & Gas
13.4.2. Power Generation
13.4.3. Water & Wastewater
13.4.4. Mining
13.4.5. Chemical
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Globe Valves Market Size and Volume Forecast by Type
13.7.1. Forged Steel
13.7.2. Cast Steel
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Globe Valves Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Globe Valves Market: Market Share Analysis
14.2. Globe Valves Distributors and Customers
14.3. Globe Valves Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Emerson
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Flowserve
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Cameron
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. KITZ
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. KSB
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. AVK
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Crane
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. IMI
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Bray
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Watts Canada
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Circor
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Kirloskar
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. GWC Valve
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Babcock Valves
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Orion Valves
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Beric Davis
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. KOJO Valve
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
