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Global Subsea Valves Market Report By Type (Ball, Gate, Needle, Check And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2028
ID:VMR11210105
March 2022
Report Formats: Electronic (PDF), MS EXCEL
Growing global demand for energy is predominantly driving the market growth. Increasing count of subsea, submarine and oil and gas projects is again fueling the market growth. Additionally, high demand from the manufacturing sector is pushing the market growth uphill. Growing investment for the development of innovative products by major vendors is further boosting market growth. Moreover, owing to the ability to impart resistance from salt-water corrosion, and improved performance in extreme temperature and pressure conditions has widened its application in subsea and marine industry.
The latest report by Value Market Research expects the Global Subsea Valve Market was valued USD 290 million in 2017 and is likely to reach at USD 370 million by 2024 with CAGR of 3.5%.
BALL VALVE LED THE TYPE SEGMENT
In 2017, ball valve led the segment and has accounted for over XX.X% of the total market share. Use of ball valve in transportation and storage, gas processing, subsea hydraulic manifold, and other marine application is driving the segment growth. Also, owing to the ability to impart bubble tight sealing and reliable leak protection it is extensively used in gas application.
MIDDLE EAST AND AFRICA DOMINATED THE REGIONAL MARKET
Geographically, Middle East and Africa led the market by accounting over XX.X% of the total market share in 2017. Rising offshore oil and gas projects in countries such as Ethiopia, Angola, Nigeria, and Egypt is driving the market growth.
KEY PLAYERS OF THE MARKET
BuTech, Oliver Valves Ltd., Cameron, Cortec LLC, DAFRAM S.p.A., Flowserve Corporation, L.B. Bentley Ltd., Perar S.p.A. and PetrolValves are the major players of the market.
As per this study the Global Subsea Valves Market was valued USD 434.4 MN (by revenue) in 2021 and is anticipated to reach USD 516.36 MN by 2028 with a CAGR of 2.5%.
Subsea valves are used for isolation, extraction and to meet processing requirements within underwater mining, offshore wind power, and oil and gas. Basically, it controls the flow of components from the submarine pipeline. Subsea values are designed to impart resistance from salt-water corrosion, water leakage and to sustain in a high external pressure environment. These are extensively used in the submarine environment for transportation of oil and gas in an effective manner.
Market Dynamics
Rising demand for energy across the globe and increasing investment in offshore investment are the prominent factors driving the market growth. Rising subsea, submarine and oil & gas projects to fulfill the global energy demand is further boosting the market growth. The rise in investment by key players for the development of innovative products to serve end-use industries is presumed to foster the market growth. However, fluctuating crude oil prices is restraining the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of subsea valves.
Market Segmentation
The broad subsea valves market has been sub-grouped into type. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Type
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for subsea valves in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Subsea Valves Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the subsea valves market includes BuTech, Oliver Valves Ltd., Cameron, Cortec LLC, DAFRAM S.p.A., Flowserve Corporation, L.B. Bentley Ltd., Perar S.p.A. and PetrolValves. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
Subsea valves are used for isolation, extraction and to meet processing requirements within underwater mining, offshore wind power, and oil and gas. Basically, it controls the flow of components from the submarine pipeline. Subsea values are designed to impart resistance from salt-water corrosion, water leakage and to sustain in a high external pressure environment. These are extensively used in the submarine environment for transportation of oil and gas in an effective manner.
Market Dynamics
Rising demand for energy across the globe and increasing investment in offshore investment are the prominent factors driving the market growth. Rising subsea, submarine and oil & gas projects to fulfill the global energy demand is further boosting the market growth. The rise in investment by key players for the development of innovative products to serve end-use industries is presumed to foster the market growth. However, fluctuating crude oil prices is restraining the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of subsea valves.
Market Segmentation
The broad subsea valves market has been sub-grouped into type. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Type
- Ball
- Gate
- Needle
- Check
- Others
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for subsea valves in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Subsea Valves Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the subsea valves market includes BuTech, Oliver Valves Ltd., Cameron, Cortec LLC, DAFRAM S.p.A., Flowserve Corporation, L.B. Bentley Ltd., Perar S.p.A. and PetrolValves. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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Frequently Asked Questions (FAQs) about this Report
b. For the year 2021, the global market size for subsea valves was valued at USD 434.4 Million.
b. The global subsea valves market growth is estimated to be close to 2.5% between 2023 and 2028.
b. In the global subsea valves market, Latin America holds the largest market share.
b. The global subsea valves market is segmented by Type (Ball, Gate, Needle, Check And Others).
b. The leading players in the global subsea valves market are BuTech, Oliver Valves Ltd., Cameron, Cortec LLC, DAFRAM S.p.A., Flowserve Corporation, L.B. Bentley Ltd., Perar S.p.A. and PetrolValves.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . SUBSEA VALVES – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Type
3.7.2 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
5.1. Impact Analysis of Covid-19 Outbreak
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
5.3. Market: Pre V/S Post COVID-19
5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
5.5. COVID-19: Micro and Macro Factor Analysis
6 . GLOBAL SUBSEA VALVES MARKET ANALYSIS BY TYPE
6.1 Overview by Type
6.2 Historical and Forecast Data
6.3 Analysis by Type
6.4 Ball Historic and Forecast Sales by Regions
6.5 Gate Historic and Forecast Sales by Regions
6.6 Needle Historic and Forecast Sales by Regions
6.7 Check Historic and Forecast Sales by Regions
6.8 Others Historic and Forecast Sales by Regions
7 . GLOBAL SUBSEA VALVES MARKET ANALYSIS BY GEOGRAPHY
7.1. Regional Outlook
7.2. Introduction
7.3. North America Sales Analysis
7.3.1. Overview, Historic and Forecast Sales Analysis
7.3.2. North America By Segment Sales Analysis
7.3.3. North America By Country Sales Analysis
7.3.4. United State Sales Analysis
7.3.5. Canada Sales Analysis
7.3.6. Mexico Sales Analysis
7.4. Europe Sales Analysis
7.4.1. Overview, Historic and Forecast Sales Analysis
7.4.2. Europe by Segment Sales Analysis
7.4.3. Europe by Country Sales Analysis
7.4.4. United Kingdom Sales Analysis
7.4.5. France Sales Analysis
7.4.6. Germany Sales Analysis
7.4.7. Italy Sales Analysis
7.4.8. Russia Sales Analysis
7.4.9. Rest Of Europe Sales Analysis
7.5. Asia Pacific Sales Analysis
7.5.1. Overview, Historic and Forecast Sales Analysis
7.5.2. Asia Pacific by Segment Sales Analysis
7.5.3. Asia Pacific by Country Sales Analysis
7.5.4. China Sales Analysis
7.5.5. India Sales Analysis
7.5.6. Japan Sales Analysis
7.5.7. South Korea Sales Analysis
7.5.8. Australia Sales Analysis
7.5.9. Rest Of Asia Pacific Sales Analysis
7.6. Latin America Sales Analysis
7.6.1. Overview, Historic and Forecast Sales Analysis
7.6.2. Latin America by Segment Sales Analysis
7.6.3. Latin America by Country Sales Analysis
7.6.4. Brazil Sales Analysis
7.6.5. Argentina Sales Analysis
7.6.6. Peru Sales Analysis
7.6.7. Chile Sales Analysis
7.6.8. Rest of Latin America Sales Analysis
7.7. Middle East & Africa Sales Analysis
7.7.1. Overview, Historic and Forecast Sales Analysis
7.7.2. Middle East & Africa by Segment Sales Analysis
7.7.3. Middle East & Africa by Country Sales Analysis
7.7.4. Saudi Arabia Sales Analysis
7.7.5. UAE Sales Analysis
7.7.6. Israel Sales Analysis
7.7.7. South Africa Sales Analysis
7.7.8. Rest Of Middle East And Africa Sales Analysis
8 . COMPETITIVE LANDSCAPE OF THE SUBSEA VALVES COMPANIES
8.1. Subsea Valves Market Competition
8.2. Partnership/Collaboration/Agreement
8.3. Merger And Acquisitions
8.4. New Product Launch
8.5. Other Developments
9 . COMPANY PROFILES OF SUBSEA VALVES INDUSTRY
9.1. Top 10 Company Share Analysis
9.2. Market Concentration Rate
9.3. BuTech
9.3.1. Company Overview
9.3.2. Company Revenue
9.3.3. Products
9.3.4. Recent Developments
9.4. Oliver Valves Ltd.
9.4.1. Company Overview
9.4.2. Company Revenue
9.4.3. Products
9.4.4. Recent Developments
9.5. Cameron
9.5.1. Company Overview
9.5.2. Company Revenue
9.5.3. Products
9.5.4. Recent Developments
9.6. Cortec LLC
9.6.1. Company Overview
9.6.2. Company Revenue
9.6.3. Products
9.6.4. Recent Developments
9.7. DAFRAM S.p.A.
9.7.1. Company Overview
9.7.2. Company Revenue
9.7.3. Products
9.7.4. Recent Developments
9.8. Flowserve Corporation
9.8.1. Company Overview
9.8.2. Company Revenue
9.8.3. Products
9.8.4. Recent Developments
9.9. L.B. Bentley Ltd.
9.9.1. Company Overview
9.9.2. Company Revenue
9.9.3. Products
9.9.4. Recent Developments
9.10. Perar S.p.A. PetrolValves
9.10.1. Company Overview
9.10.2. Company Revenue
9.10.3. Products
9.10.4. Recent Developments
*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
LIST OF TABLES
- Market Snapshot
- Drivers : Impact Analysis
- Restraints : Impact Analysis
- List of Raw Material
- List of Raw Material Manufactures
- List of Potential Buyers
- COVID-19 Impact Analysis by Production, Import, Export and Demand
- Pre V/S Post COVID-19
- Estimated Impact Of The Coronavirus (Covid-19) Epidemic
- COVID-19: Micro and Macro Factor Analysis
- Analysis by Type (USD MN)
- Ball Market Sales by Geography (USD MN)
- Gate Market Sales by Geography (USD MN)
- Needle Market Sales by Geography (USD MN)
- Check Market Sales by Geography (USD MN)
- Others Market Sales by Geography (USD MN)
- Global Subsea Valves Market Sales by Geography (USD MN)
- North America Market Analysis (USD MN)
- United State Market Analysis (USD MN)
- Canada Market Analysis (USD MN)
- Mexico Market Analysis (USD MN)
- Europe Market Analysis (USD MN)
- Europe Market Estimate by Country (USD MN)
- United Kingdom Market Analysis (USD MN)
- France Market Analysis (USD MN)
- Germany Market Analysis (USD MN)
- Italy Market Analysis (USD MN)
- Russia Market Analysis (USD MN)
- Spain Market Analysis (USD MN)
- Rest of Europe Market Analysis (USD MN)
- Asia Pacific Market Analysis (USD MN)
- China Market Analysis (USD MN)
- Japan Market Analysis (USD MN)
- India Market Analysis (USD MN)
- South Korea Market Analysis (USD MN)
- Australia Market Analysis (USD MN)
- Rest of Asia Pacific Market Analysis (USD MN)
- Latin America Market Analysis (USD MN)
- Brazil Market Analysis (USD MN)
- Argentina Market Analysis (USD MN)
- Peru Market Analysis (USD MN)
- Chile Market Analysis (USD MN)
- Rest of Latin America Market Analysis (USD MN)
- Middle East & Africa Market Analysis (USD MN)
- Saudi Arabia Market Analysis (USD MN)
- UAE Market Analysis (USD MN)
- Israel Market Analysis (USD MN)
- South Africa Market Analysis (USD MN)
- Rest of Middle East and Africa Market Analysis (USD MN)
- Partnership/Collaboration/Agreement
- Mergers And Acquisiton
LIST OF FIGURES
- Research Scope of Subsea Valves Report
- Market Research Process
- Market Research Methodology
- Global Subsea Valves Market Size, by Region (USD MN)
- Porters Five Forces Analysis
- Market Attractiveness Analysis by Type
- Market Attractiveness Analysis by Region
- Value Chain Analysis
- Global Market Analysis Type (USD MN)
- Ball Market Sales by Geography (USD MN)
- Gate Market Sales by Geography (USD MN)
- Needle Market Sales by Geography (USD MN)
- Check Market Sales by Geography (USD MN)
- Others Market Sales by Geography (USD MN)
- Global Market by Revenue
- North America Market by Revenue
- Europe Market by Revenue
- Asia Pacific Market by Revenue
- Latin America Market by Revenue
- Middle East & Africa Market by Revenue
- Recent Development in Industry
- Top Companies Market Share Analysis
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.
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Objectives of Study
- Define and measure the global market
- Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
- Analyze and identify major market trends along with the factors driving or inhibiting the market growth
- Study the company profiles of the major market players with their market share
- Analyze competitive developments