유럽의 밸브 : 시장 점유율 분석, 산업 동향 및 통계, 성장 예측(2025-2030년)

The Europe Valves Market is expected to register a CAGR of 4.4% during the forecast period.

Key Highlights

• Industrial valves play a vital role in the increasingly complex industrial and working world. Pipelines and hose pipes are necessary everywhere, in crude oil and natural gas production and in nearly all areas of industry, including medicine and water treatment, as well as in engines, machinery, and plant engineering, the conveyance of gas, fluids, and free-flowing solids.
• Advancements in technology have shaped innovative solutions that can improve process plants to become increasingly efficient by streamlining their operations. As industry requirements evolve and change, valve suppliers are expected to continue developing products and processes that address these new challenges.
• The Government in the region is taking various initiatives and opting for different strategies to boost the demand for valves. For instance, in June 2022, the new EU solar strategy published by the European Commission stated that the rooftop solar photovoltaic(PV) would help in turning the gas valves off.
• Moreover, companies are regulalry coming up with new innovations to keep up with the market demand. For instance, in Feb 2021, COSMOIND Co. Ltd, a PE pipe manufacturer has launched new products of BF fitting, EF fitting and ball valves. The company is also fully certified to ISO 9001, ISO 14001, CE, GB, TUV, NSF, KS, KC, KFI and G-Pass.
• Further, the outbreak of COVID-19 has resulted in an economic crisis across the world. The pandemic severely affected the oil and gas industry, with oil prices slashed. Significant oil producers are running out of storage space for extracted oil, and the demand is declining. According to BP's Statistical Review of World Energy 2021, gasoline demand decreased by around 13% (3.1 Mb/d) due to road mobility measures. Moreover, products closely related to the petrochemicals sector (ethane, naphtha, and LPG) were largely flat, supported partly by increasing demand for medical and hygiene-related supplies such as PPE.

Europe Valves Market Trends

Control Valves to Hold a Significant Market Share

• The control valve manipulates the flowing fluid, such as gas, steam, water, or chemical compounds, to compensate for the load disturbance and keeps the regulated process variable as close as possible to the desired set point. Control valves are the most important part of any process control loop, as they are critical to the overall performance of the process, especially when reliability and productivity are the primary goals.
• The growth of the control valve market is driven by factors such as the increasing need for wireless infrastructure to monitor equipment in various plants, augmented focus on automation, and expanding number of process industry establishments.
• Further, companies are looking for various acquisitions and partnerships in order to stronghold their market presence. For instance, in June 2021, Helios Technologies signed a definitive agreement to acquire NEM s.r.l. NEM produces cartridge, parts-in-body and directional control valves.
• In August 2021, Burkert Fluid Control Systems announced to offer durable and low maintenance on/off and control valves for switching and controlling gases, liquids, and steam in the process and food industries, suitable for media pressures up to 25 bar and temperatures up to 230°C. The service life at 200°C is more than one million switching cycles.

Oil & Gas Segment is Expected to Register Significant Growth

• To ensure the continuation of efficient operations, significant countries in the European region have increased focus on renovating existing refineries and expanding their oil refineries to meet the growing demand for crude oil. This scenario is expected to increase investments toward the pipeline and infrastructural development, augmenting the demand for valves over the forecast period.
• In June 2022, Nigerian state oil firm Nigerian National Petroleum Corporation (NNPC) received permission from the Nigerian Government to sign an agreement on constructing a 5,660-km gas pipeline from Morocco to Europe. These initiatives further boost the studied market.
• Moreover, in May 2022, Italy's Snam and Spain's Enagas explored the construction of a gas pipeline. The proposed pipeline between Spain and Italy is expected to have an annual capacity of up to 30 billion cubic meters. This comes after Europe's efforts to diversify its energy supply mix and cut its reliance on Russian gas in the wake of Russia's invasion of Ukraine.
• Further, in June 2022, Netherlands and Germany announced jointly developing and exploiting a new gas field in the North Sea to help secure gas supply as Europe tries to wean itself from Russian fossil fuels. The permit was granted due to the war in Ukraine, and the production at the field is expected to start by the end of 2024.

Europe Valves Industry Overview

The Europe valves market is witnessing a rise in competitiveness among companies. The market consists of major players, such as ITT Inc., Emerson Electric Co, and General Electric. In terms of market share, these significant players currently dominate the market. However, with increasing technology innovations, many companies are increasing their market presence by securing new contracts and tapping new markets.

• October 2021 - Armstrong International completed the acquisition of Leslie Controls, a manufacturer of control systems, industrial pumps, water heaters, and steam regulators. The acquisition included Leslie's broad range of control valves and steam water heaters.
• September 2021 - FloWorks acquired Genesis Systems, a control valve, regulator, and valve automation products and systems distributor. Genesis Systems serves a range of commercial and industrial markets, including power generation, semiconductor, petrochemical, OEM, pharma, building automation, and food and beverage industries.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET INSIGHTS

• 4.1 Market Overview
• 4.2 Industry Attractiveness - Porter's Five Forces Analysis
  • 4.2.1 Bargaining Power of Suppliers
  • 4.2.2 Bargaining Power of Buyers
  • 4.2.3 Threat of New Entrants
  • 4.2.4 Threat of Substitutes
  • 4.2.5 Intensity of Competitive Rivalry
• 4.3 Industry Value Chain Analysis
• 4.4 Assessment of Impact of COVID-19 on the Market

5 MARKET DYNAMICS

• 5.1 Market Drivers
  • 5.1.1 Growing emphasis on Power and Water & Wastewater in Emerging Markets
  • 5.1.2 Focus of End Users on Environmental Issues and Refurbishment of Aging Infrastructure to Stay Competitive
• 5.2 Market Challenges
  • 5.2.1 High Levels of Competition Leading To Price Pressures For Manufacturers

6 MARKET SEGMENTATION

• 6.1 By Type
  • 6.1.1 Ball
  • 6.1.2 Butterfly
  • 6.1.3 Gate/Globe/Check
  • 6.1.4 Plug
  • 6.1.5 Control
  • 6.1.6 Other Types
• 6.2 By End-user Industry
  • 6.2.1 Oil & Gas
  • 6.2.2 Chemicals
  • 6.2.3 Water & Wastewater
  • 6.2.4 Power Generation
  • 6.2.5 Mining
  • 6.2.6 Other End-user Industries
• 6.3 By Country
  • 6.3.1 United Kingdom
  • 6.3.2 Germany
  • 6.3.3 France
  • 6.3.4 Rest of the Europe

7 COMPETITIVE LANDSCAPE

• 7.1 Company Profiles
  • 7.1.1 Danfoss A/S
  • 7.1.2 Flowserve Corporation
  • 7.1.3 Emerson Electric Co.
  • 7.1.4 ITT INC.
  • 7.1.5 Honeywell International Inc.
  • 7.1.6 KITZ Corporation
  • 7.1.7 Hitachi Ltd
  • 7.1.8 Pentair PLC
  • 7.1.9 Schlumberger Limited
  • 7.1.10 The Weir Group PLC
  • 7.1.11 Xylem Inc.
  • 7.1.12 AVK Holding A/S

8 INVESTMENT ANALYSIS

9 FUTURE OF THE MARKET