Compressor Valves Market

Compressor Valves Market- Rising Demand For Power As Well As Better Wastewater
Management Facilities
According to a new market report published by Transparency Market Research
titled “Compressor Valves Market – Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast, 2018 – 2026,” the global compressor valves market is expected to reach
US$ 327.2 Mn by 2026, expanding at a CAGR of 5.4% from 2018 to 2026. Europe held the
highest market share in the compressor valves market in 2017.
Compressor valves are valves used within a compressor to allow gas flow to and from the
cylinder area. They operate based on pressure difference. Compressor valves are circular and
consist of a series of plates or rings sandwiched between the valve seat and cover. When a
pressure difference occurs, the rings or plates are pulled toward the area of greater pressure and
use springs to return to their closed position when pressure normalizes.
Request A Sample
Requirement for compressor valves in the oil & gas industry is largely attributable to their
extensive usage in upstream, downstream, and midstream operations. The oil & gas industry
remains the most significant primary source of energy and the demand for oil and gas products is
increasing at a significant rate. Growth of the compressor valves market is directly related to the
performance of end-use industries such as oil & gas, power, and metal & mining. Demand for
compressor valves is expected to rise in the near future, due to expansion of downstream
networks and increase in the adoption of pipelines for transportation. Asia Pacific has been
identified as one of those regions in the world that have witnessed high growth of the oil & gas
industry. This is because of favorable demographic profiles, low-cost labor, and economic
growth of countries in the region, with a focus on manufacturing with advanced technologies.
The Asia Pacific market is expected to grow at a CAGR of 5.8% over the forecast period. This
growth is attributed to growing manufacturing facilities and infrastructure spending. The growth
of the compressor valves market in Asia Pacific is attributed to increasing population and rising
focus of emerging economies to invest in various end-use industries in which compressor valves
are used. Rising demand for power as well as better wastewater management facilities are also
expected to positively impact the compressor valves market.
Moreover, incorporation of advanced technologies is helping various small- and medium-sized
enterprises to gain popularity in the global compressor valves market. Governments of countries
across different regions are taking initiatives to introduce and develop new and advanced
technologies. This is compelling key manufacturers of compressor valves to produce specialized
valves, which are relatively expensive.
The compressor valves market is now at a mature stage, and the degree of increase in
consumption will witness a smooth curve. The compressor valve is mainly used to support the
production and maintenance of the compressors. Hence, its usage is primarily concentrated in
Europe and North America. European consumption accounts for about 32% of the total market.
Asia Pacific is witnessing significant growth due to the growth of various end-use industries in
this region.
By type, the plate valves segmentis expected to have the highest CAGR of 5.6% from 2018 to
2026. This growth is attributed to its increased resistance power in various applications involving
high temperature and higher durability. Burckhardt Compression AG, a key player in the global
market has a unique advantage of converting metallic plate valves to non-metallic plate valves.
Poppet valves segment is expected to have a CAGR of 5.5% over the forecast timeframe.
Europe accounted for 32.0% of the global compressor valves marketin 2016 and is anticipated to
continue its dominance over the forecast timeline. Asia Pacific region is witnessing a significant
growth with highest CAGR due to strong demand from applications in the oil and gas industry,
growing healthcare industry, and power plants. The Asia Pacific market is expected to lead other
regions in terms of growth over the forecast period.
The compressor valves industry is partially fragmented across the world. Some of the industry
participants of the global compressor valves market are Burckhardt Compression, Compressor
Engineering Corporation (CECO), Compressor Products International, Cook Compression,
Cozzani, Dresser-Rand, H&S Valve, Inc., HOERBIGE, KB Delta, and ASI Services.