The Global Industrial Valves Market
Over the years, the industrial valve market around the world has witnessed a sky-rocketing growth. According to a recent report conducted, the global industrial valves market accounted for 65 Billion USD in 2015 and is expected to reach USD 88.4 Billion by 2021.
When we talk about industrial valves, we are referring to gate valves, butterfly valves, ball, check and globe valves. India has the largest number of butterfly valve exporters. The market for industrial valves is huge. Some of the industries which need industrial valves all the time are oil & gas, chemical, power, water & wastewater and other applications. The global industrial valves market is expected to grow at a CAGR (Compounded Annual Growth Rate) of around 5.3% between 2016 and 2021.
Industrial valves are used to control the flow of liquids and gases through the pipeline. The size of valve specific and is related to the volume of fluids that expected to flow through it. These valves can be operated manually or automatically. The liquids and gasses industry is hazardous and any mishap leads to environmental degradation and delay in operations.
The growth of the industrial valves market can be attributed to the increasing demand in industries such as oil and gas and water. Furthermore, expanding industrial infrastructure in emerging markets such as Brazil, India and China are increasing offshore oil and gas projects, improved safety and reduced operating cost are some of the major factors that have accelerated the growth of this market. This is the sole reason a great number of butterfly valve manufacturers in India and swing check valve manufacturer are emerging.
As of now, the market is facing no threats or challenges. However, in the future, there is a possibility of a price war to occur among vendors and the government due to the strict regulations and policies. All these things can pose a challenge to market growth. This fact may hamper the market growth over years to come. Nonetheless, rising demand of energy from all sectors across the world is expected to open up new growth opportunities in near future.
The main types of industrial valves are gate valve, butterfly valve, ball valve, check valve and globe valve. The ball valves segment was registered for over 20% revenue in 2015. Ball valves are primarily used for flow control and situations where tight shut-off is required.
There are no two thoughts about the fact that the industrial valve market is growing at a rapid pace due to the increasing energy demand in developing countries such as India, China and Asia-Pacific region. There are several production projects planned in regions such as West Africa and Brazil. West Africa and Brazil are some of the major regions for offshore oil and gas investments.
The 5 basic types of valves
Industrial valves find application in a large number of industries such as oil & gas, power and chemical. Depending on the application, the valve is installed.
In this blog, we will discuss the 5 basic types of valves and their application. You can easily find these valves with industrial valve manufacturers.
‘Gate Valves: Gate valves are designed to operate fully open or fully closed. Since they operate slowly, they prevent fluid hammer, which is detrimental to piping systems. In a gate valve, very little pressure loss occurs. In the fully closed position, gate valves provide a positive seal under pressure. However, under low pressure, light seepage would not be considered abnormal with this kind of valve. In gate valves, there are two main types available, one is resilient gate valves and the other is resilient seated gate valves.
‘Ball valves: Just like gate valves, these also operate fully open or fully closed with any liquid particles that could scratch the balls. Many people use them to throttle clear water. Ball valves have low pressure drops and open and close quickly. They are simple and trouble-free too.
‘Butterfly valves: Butterfly valves operate with a turn. They are generally used to handle large flow of gases or liquids including slurries. They are also very compact relative to flanged gate and ball valves.
‘Globe valves: Globe valves have advantages as well as disadvantages. Like a gate, they close slowly to prevent fluid hammer. You can throttle the flow and they will not leak under low pressure when they are shut off. Flow and pressure control valves as well as hose bibs generally use the globe pattern. The disadvantage of this design is that the “Z” pattern restricts flow more than the gate, ball, or butterfly valves.
‘Plug valves: Like the gate valve, a plug valve has an unobstructed flow, yet requires only a 90 degree turn to open it. It also requires very little headroom. Stem corrosion is minimal because there are no screw threads. Almost all plug valves now are furnished with an elastomer-coated plug and will seal off drip tight. However, plug valves are available in much larger sizes than ball valves and are highly suitable for use in wastewater plants.
Therefore, above are the 5 main types of valves used in most industries.