Market Overview:
The global thermal 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 thermal shut off valves in oil refining, paper manufacturing, chemical facilities, pharmaceuticals and power plants applications. In addition, the growing awareness about safety and security is also propelling the demand for thermal shut off valves across different regions. Based on type, ball valve segment is expected to hold a dominant position in the global thermal shut off valves market during the forecast period from 2018 to 2030. This can be attributed to its features such as low pressure drop and high flow rate which make it suitable for various applications such as oil refining and chemical facilities among others. Based on application, oil refining segment is anticipated to witness highest growth during the forecast period owing to increasing demand for petroleum products globally.
Product Definition:
Thermal Shut Off Valves are valves that open to release pressure and then close when the pressure has been released. Thermal Shut Off Valves are important because they prevent the system from over heating.
Ball Valve:
The ball valve is a closed type of valve, which is used for controlling or monitoring the flow rate in process industries. It can be either manual or motor driven and has no moving parts, hence it offers high reliability and efficiency. The growth factor for this market would be due to its increasing demand in petrochemical plants as they are widely used to control feed water pressure & temperature and also because of their compact size they can easily fit into small places where other valves cannot reach.
Butterfly Valve:
Butterfly valve is a one-way valve that consists of a flexible diaphragm and seats against two plates. The diaphragm can be moved between the two positions by applying pressure to it. It is mainly used in thermal shut off valves as it provides positive & negative pressure control for controlling fluid flow through the valve.
The product has applications in various industries such as chemical, oil & gas, power generation, pharmaceuticals.
Application Insights:
The global demand for the product has witnessed a paradigm shift due to rising awareness among consumers. Global demand for oil refining was the largest application segment in 2017 and is expected to continue its dominance over the forecast period.
Oil refineries require a large number of these products as they have multiple processes taking place at different temperatures simultaneously which requires precise control of flow rates during processing operations. These products help achieve this goal as they offer an adjustable range from 0°C to 100°C with setpoints between 32°F and 172°F thus ensuring process accuracy across all temperature levels required by refineries worldwide.
Regional Analysis:
Asia Pacific regional market accounted for the largest share in 2017 and is expected to witness significant growth over the forecast period. The region has been witnessing strong economic growth on account of increasing foreign investments coupled with rising industrial activities. In addition, growing population and rapid urbanization have resulted in an increased demand for energy, which is anticipated to drive thermal shut off valves market over the forecast period.
The Middle East & Africa (MEA) region also held a considerable revenue share in 2017 owing to large oil & gas reserves present across countries such as Saudi Arabia and UAE.
Latin America is another promising regional market that holds immense potential for valve manufacturing companies owing to high construction rates associated with various pipeline projects taking place across Brazil, Argentina, Venezuela etc.
Growth Factors:
- Increasing demand for thermal shut off valves in oil and gas industry for safety purposes
- Rising awareness about the benefits of using thermal shut off valves in various industries
- Technological advancements in the design and manufacturing of thermal shut off valves
- Growing demand from emerging markets such as Asia Pacific and Latin America
- Increasing adoption of smart technologies in thermal shut off valves
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermal Shut Off Valves Market Research Report
By Type
Ball Valve, Butterfly Valve, Others
By Application
Oil Refining, Paper Manufacturing, Chemical Facilities, Pharmaceutical, Power Plants
By Companies
Steam Equipments, Sentry Equipment, Watts Industries, ThermOmegaTech, Emerson, Varec Biogas
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Thermal Shut Off Valves Market Report Segments:
The global Thermal Shut Off Valves market is segmented on the basis of:
Types
Ball Valve, Butterfly Valve, 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 Refining, Paper Manufacturing, Chemical Facilities, Pharmaceutical, Power Plants
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:
- Steam Equipments
- Sentry Equipment
- Watts Industries
- ThermOmegaTech
- Emerson
- Varec Biogas
Highlights of The Thermal 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:
- Ball Valve
- Butterfly Valve
- Others
- By Application:
- Oil Refining
- Paper Manufacturing
- Chemical Facilities
- Pharmaceutical
- Power Plants
- 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 Thermal 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?
Thermal shut off valves are used to turn off a heating or cooling system when the temperature reaches a set point.
Some of the key players operating in the thermal shut off valves market are Steam Equipments, Sentry Equipment, Watts Industries, ThermOmegaTech, Emerson, Varec Biogas.
The thermal shut off valves market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Thermal Shut Off 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. Thermal Shut Off Valves Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Thermal Shut Off Valves Market - Supply Chain
4.5. Global Thermal Shut Off Valves Market Forecast
4.5.1. Thermal Shut Off Valves Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Thermal Shut Off Valves Market Size (000 Units) and Y-o-Y Growth
4.5.3. Thermal Shut Off Valves Market Absolute $ Opportunity
5. Global Thermal Shut Off 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. Thermal Shut Off Valves Market Size and Volume Forecast by Type
5.3.1. Ball Valve
5.3.2. Butterfly Valve
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Thermal Shut Off 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. Thermal Shut Off Valves Market Size and Volume Forecast by Application
6.3.1. Oil Refining
6.3.2. Paper Manufacturing
6.3.3. Chemical Facilities
6.3.4. Pharmaceutical
6.3.5. Power Plants
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Thermal Shut Off 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. Thermal Shut Off 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 Thermal Shut Off 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. Thermal Shut Off 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 Thermal Shut Off Valves Demand Share Forecast, 2019-2026
9. North America Thermal Shut Off 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 Thermal Shut Off 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 Thermal Shut Off Valves Market Size and Volume Forecast by Application
9.4.1. Oil Refining
9.4.2. Paper Manufacturing
9.4.3. Chemical Facilities
9.4.4. Pharmaceutical
9.4.5. Power Plants
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Thermal Shut Off Valves Market Size and Volume Forecast by Type
9.7.1. Ball Valve
9.7.2. Butterfly Valve
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 Thermal Shut Off Valves Demand Share Forecast, 2019-2026
10. Latin America Thermal Shut Off 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 Thermal Shut Off 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 Thermal Shut Off Valves Market Size and Volume Forecast by Application
10.4.1. Oil Refining
10.4.2. Paper Manufacturing
10.4.3. Chemical Facilities
10.4.4. Pharmaceutical
10.4.5. Power Plants
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Thermal Shut Off Valves Market Size and Volume Forecast by Type
10.7.1. Ball Valve
10.7.2. Butterfly Valve
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 Thermal Shut Off Valves Demand Share Forecast, 2019-2026
11. Europe Thermal Shut Off 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 Thermal Shut Off 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 Thermal Shut Off Valves Market Size and Volume Forecast by Application
11.4.1. Oil Refining
11.4.2. Paper Manufacturing
11.4.3. Chemical Facilities
11.4.4. Pharmaceutical
11.4.5. Power Plants
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Thermal Shut Off Valves Market Size and Volume Forecast by Type
11.7.1. Ball Valve
11.7.2. Butterfly Valve
11.7.. 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 Thermal Shut Off Valves Demand Share, 2019-2026
12. Asia Pacific Thermal Shut Off 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 Thermal Shut Off 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 Thermal Shut Off Valves Market Size and Volume Forecast by Application
12.4.1. Oil Refining
12.4.2. Paper Manufacturing
12.4.3. Chemical Facilities
12.4.4. Pharmaceutical
12.4.5. Power Plants
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Thermal Shut Off Valves Market Size and Volume Forecast by Type
12.7.1. Ball Valve
12.7.2. Butterfly Valve
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 Thermal Shut Off Valves Demand Share, 2019-2026
13. Middle East & Africa Thermal Shut Off 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 Thermal Shut Off 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 Thermal Shut Off Valves Market Size and Volume Forecast by Application
13.4.1. Oil Refining
13.4.2. Paper Manufacturing
13.4.3. Chemical Facilities
13.4.4. Pharmaceutical
13.4.5. Power Plants
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Thermal Shut Off Valves Market Size and Volume Forecast by Type
13.7.1. Ball Valve
13.7.2. Butterfly Valve
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 Thermal Shut Off Valves Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Thermal Shut Off Valves Market: Market Share Analysis
14.2. Thermal Shut Off Valves Distributors and Customers
14.3. Thermal Shut Off Valves Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Steam Equipments
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Sentry Equipment
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Watts Industries
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. ThermOmegaTech
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Emerson
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Varec Biogas
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
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
