MARKET REPORT
Power , Oil , Gas , Refining Valve Market 2027 vere service valve specialist in the energy and industrials sectors . ValvTechnologies retained its operational independence , and has since benefited from a broader pool of expertise and resources as part of the wider Group , alongside Severn and LB Bentley .
The use of ValvTechnologies design , which uses an integral seat rather than loose seats , provides Severn the opportunity to avoid the learning curb associated with sever services . Since the demand for this type of valve will be growing at double digit rates , the acquisition is attractive .
Effects on Valve Market
By 2027 the power , oil , gas , and refining market for valves will be $ 30 billion . 1 27 % will be for severe service valves . Valves for carbon neutral applications will account for 2.3 % of the total , whereas carbon negative valves will account for 1 %.
In the period 2027-2023 there is likely to be a surge in carbon negative technologies as the only positive option to reduce CO2 . It is anticipated that the severe service carbon negative segment of the market will therefore increase at 25 % per annum versus 9 % for carbon neutral severe service .
Final Thoughts
Figure 2 .
Acquisitions are being justified to expand markets and to acquire new technologies . In both cases the focus is on gaining market share in specific niches that are projected to grow over the next 20-30 years .
Your Turnaround Valve Solution
Power , Oil , Gas , Refining Valve Revenue CAGR % 2027 - 2033
MASTER DISTRIBUTOR
NEWCO Gate , Globe , and Check Valves POWELL Pressure Seal Gate , Globe and Tilting Disk Check Valves
FIRST CALL , FIRST-CLASS CUSTOMER SERVICE Expertise , competitive pricing and rapid response set us apart
When you need a valve , contact us first .
Call 24 / 7 : 832-944-5930 Email : Sales @ NewmansValves . com
Figure 3 .
REFERENCE
1 . Industrial Valves : World Markets published by the McIlvaine Company
ABOUT THE AUTHOR
Bob McIlvaine founded the McIlvaine Company in 1974 and oversees the work of 30 analysts and researchers . He has a BA degree from Princeton University . www . NewmansValves . com www . valve-world-americas . net • September 2022 | Valve World Americas 23