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Subsea Valves Market - Global Industry Analysis

Subsea Valves Market (Subsea Gate Valves, Subsea Needle Valves, Subsea Ball Valves, Subsea Check Valves, And Others): Global Market Perspective, Comprehensive Analysis And Forecast, 2020 – 2028

Published Date: 18-Aug-2021 Category: Energy & Mining Report Format : PDF Pages: 140 Report Code: ZMR-23 Status : Published

The Global Subsea Valves Market was accounted for USD 323.8 Million in 2020 and is expected to reach USD 366.5 Million by 2028, growing at a CAGR of around 1.5% between 2021 and 2028.

Description

Market Overview     

The Global Subsea Valves Market was accounted for USD 323.8 Million in 2020 and is expected to reach USD 366.5 Million by 2028, growing at a CAGR of around 1.5% between 2021 and 2028.    

Increasing the requirement for energy may be a major factor that reinforces the event of the subsea valves market. Coal, oil, and gas are the main sources of worldwide primary energy usage. Hence, the assembly and exploration process needs the subsea valve in the gas & oil sector, boosting the subsea valves market. Additionally, increasing oil & gas and subsea projects is predicted to power the event for the subsea valves market within the years to return. On the opposite hand, unstable petroleum might hinder the expansion of the subsea valves market.

However, technological advancement is expected to offer new opportunities for the market players in the subsea valves market over the years to come. In addition to this, increasing M&A by market players are set to bolster the development of the subsea valves market in the years to come. For example, in May 2018, Neway Valve inked a supply deal with Offshore Oil Engineering for a gas field cluster initiative. The project comprises a subsea gate valve and subsea ball valve, thereby boosting the subsea valves market.

Global Subsea Valves Market Size

COVID-19 Impact Analysis

The COVID-19 outbreak has hit industries hard which could stall development in emerging markets. As a result, oil & gas, aviation, railways, and roadways have fallen sharply, which has prompted to chop capacity. Many are closed by governments to contain the spread of the virus. The result's a pointy fall in revenues of Subsea Valves market. Given the importance to all to the economic development of cities, countries, and regions, the broader impact of COVID-19 on the worldwide economy is enormous.

Growth Factors

Growing global demand for energy is mainly boosting the market growth. The increasing count of subsea, submarine, and oil and gas projects is further 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 the 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 the subsea and marine industry.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Segment Analysis Preview   

Based on the type, the global subsea valves market is divided into subsea gate valves, subsea ball valves, subsea check valves, subsea needle valves, and others. Subsea ball valve was the biggest section of the subsea valve market in 2018 and in the same year it added up for over 33% share of the entire market.

Regional Segment Analysis Preview   

Latin America spearheaded the worldwide subsea valves market in 2017 with over 30% share. Moreover, it's expected to undergo lucrative development within the subsea valves market during the years to return thanks to increasing investments for subsea and offshore initiatives. the center East & Africa is probably going to be the quickest developing region within the forecast period for the subsea valve market thanks to numerous forthcoming subsea and offshore projects. Most of those subsea and offshore projects are likely to seem near West Africa. Nations like Nigeria, Angola, Ethiopia, and Ghana among others are likely to spice up the subsea and offshore projects during this region and boost the subsea valves market during the forecast period.

Global Subsea Valves Market Share

Key Market Players & Competitive Landscape

The major players of global subsea valves include Perar S.p.A., Flowserve Corporation, BuTech, Oliver Valves Ltd., Cameron, L.B. Bentley Ltd, Cortec LLC, DAFRAM S.p.A., PetrolValves and amongst others.

Global Subsea Valves Market Regional Analysis

The global Subsea Valves Market is segmented as follows:

By Type

  • Subsea Gate Valve
  • Subsea Needle Valve
  • Subsea Ball Valve
  • Subsea Check Valve
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1: Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2: Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Type
        • 2.1.1.2. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Subsea Valves Market , 2016 – 2028 (USD Billion)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3: COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4: Subsea Valves Market – Technology Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Type, 2020 & 2028
    • 4.2. Subsea Gate Valves
      • 4.2.1. Market Size and Forecast, By Region (USD Billion)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Subsea Needle Valve
      • 4.3.1. Market Size and Forecast, By Region (USD Billion)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Subsea Ball Valve
      • 4.4.1. Market Size and Forecast, By Region (USD Billion)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.5. Subsea Check Valve
      • 4.5.1. Market Size and Forecast, By Region (USD Billion)
      • 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.6. Others
      • 4.6.1. Market Size and Forecast, By Region (USD Billion)
      • 4.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.6.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5: Subsea Valves Market – Region Segment Analysis
    • 5.1. Overview
      • 5.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 5.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
    • 5.2. North America
      • 5.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 5.2.2. North America Market Revenue, By Type, 2016 – 2028
      • 5.2.5. U.S.
        • 5.2.5.1. U.S. Market Revenue, By Type, 2016 – 2028
      • 5.2.6. Canada
        • 5.2.6.1. Canada Market Revenue, By Type, 2016 – 2028
      • 5.2.7. Mexico
        • 5.2.7.1. Mexico Market Revenue, By Type, 2016 – 2028
    • 5.3. Europe
      • 5.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 5.3.2. Europe Market Revenue, By Type, 2016 – 2028
      • 5.3.5. Germany
        • 5.3.5.1. Germany Market Revenue, By Type, 2016 – 2028
      • 5.3.6. France
        • 5.3.6.1. France Market Revenue, By Type, 2016 – 2028
      • 5.3.7. U.K.
        • 5.3.7.1. U.K. Market Revenue, By Type, 2016 – 2028
      • 5.3.8. Italy
        • 5.3.8.1. Italy Market Revenue, By Type, 2016 – 2028
      • 5.3.9. Spain
        • 5.3.9.1. Spain Market Revenue, By Type, 2016 – 2028
      • 5.3.10. Rest of Europe
        • 5.3.10.1. Rest of Europe Market Revenue, By Type, 2016 – 2028
    • 5.4. Asia Pacific
      • 5.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 5.4.2. Asia Pacific Market Revenue, By Type, 2016 – 2028
      • 5.4.5. China
        • 5.4.5.1. China Market Revenue, By Type, 2016 – 2028
      • 5.4.6. Japan
        • 5.4.6.1. Japan Market Revenue, By Type, 2016 – 2028
      • 5.4.7. India
        • 5.4.7.1. India Market Revenue, By Type, 2016 – 2028
      • 5.4.8. South Korea
        • 5.4.8.1. South Korea Market Revenue, By Type, 2016 – 2028
      • 5.4.9. South-East Asia
        • 5.4.9.1. South-East Asia Market Revenue, By Type, 2016 – 2028
      • 5.4.10. Rest of Asia Pacific
        • 5.4.10.1. Rest of Asia Pacific Market Revenue, By Type, 2016 – 2028
    • 5.5. Latin America
      • 5.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 5.5.2. Latin America Market Revenue, By Type, 2016 – 2028
      • 5.5.5. Brazil
        • 5.5.5.1. Brazil Market Revenue, By Type, 2016 – 2028
      • 5.5.6. Argentina
        • 5.5.6.1. Argentina Market Revenue, By Type, 2016 – 2028
      • 5.5.7. Rest of Latin America
        • 5.5.7.2. Rest of Latin America Market Revenue, By Type, 2016 – 20285
    • 5.6. The Middle-East and Africa
      • 5.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 5.6.2. The Middle-East and Africa Market Revenue, By Type, 2016 – 2028
      • 5.6.5. GCC Countries
        • 5.6.5.1. GCC Countries Market Revenue, By Type, 2016 – 2028
      • 5.6.6. South Africa
        • 5.6.6.1. South Africa Market Revenue, By Type, 2016 – 2028
      • 5.6.7. Rest of Middle-East Africa
        • 5.6.7.1. Rest of Middle-East Africa Market Revenue, By Type, 2016 – 2028
  • Chapter No. 6: Subsea Valves Market – Industry Analysis
    • 6.1. Introduction
    • 6.2. Market Drivers
      • 6.2.1. Driving Factor 1 Analysis
      • 6.2.2. Driving Factor 2 Analysis
    • 6.3. Market Restraints
      • 6.3.1. Restraining Factor Analysis
    • 6.4. Market Opportunities
      • 6.4.1. Market Opportunity Analysis
    • 6.5. Porter’s Five Forces Analysis
    • 6.6. PEST Analysis
    • 6.7. Regulatory Landscape
    • 6.8. Technology Landscape
    • 6.9. Regional Market Trends
      • 6.9.1. North America
      • 6.9.2. Europe
      • 6.9.3. Asia Pacific
      • 6.9.4. Latin America
      • 6.9.5. The Middle-East and Africa
    • 6.10. Pricing Analysis
    • 6.11. Value Chain Analysis
    • 6.12. Downstream Buyers
    • 6.13. Distributors/Traders List
  • Chapter No. 7: Competitive Landscape
    • 7.1. Company Market Share Analysis – 2019
      • 7.1.1. Global Subsea Valves Market : Company Market Share, 2019
      • 7.1.2. Global Subsea Valves Market , Company Market Revenue, 2016 – 2019 (USD Billion)
      • 7.1.3. Global Subsea Valves Market , Company Y-o-Y Growth, 2017 – 2028 (%)
      • 7.1.4. Global Subsea Valves Market : Radar Determinant Chart, 2019
    • 7.2. Strategic Developments
      • 7.2.1. Acquisitions & Mergers
      • 7.2.2. New Product Launch
      • 7.2.3. Regional Expansion
    • 7.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 8: Company Profiles
    • 8.1. Perar S.p.A.
      • 8.1.1. Company Overview
      • 8.1.2. Key Executives
      • 8.1.3. Product Portfolio
      • 8.1.4. Financial Overview
      • 8.1.5. Operating Business Segments
      • 8.1.6. Business Performance
      • 8.1.7. Recent Developments
    • 8.2. Flowserve Corporation
    • 8.3. BuTech
    • 8.4. Oliver Valves Ltd.
    • 8.5. Cameron
    • 8.6. L.B. Bentley Ltd
    • 8.7. Cortec LLC
    • 8.8. DAFRAM S.p.A.
    • 8.9. PetrulValves
    • 8.10. Others
  • Chapter No. 9: Marketing Strategy Analysis
    • 9.1. Marketing Channel
    • 9.2. Direct Marketing
    • 9.3. Indirect Marketing
    • 9.4. Marketing Channel Development Trends
    • 9.5. Economic/Pulitical Environmental Change
  • Chapter No. 10: Research Methodology
    • 10.1. Research Methodology
    • 10.2. Phase I - Secondary Research
    • 10.3. Phase II - Data Modeling
      • 10.3.1. Company Share Analysis Model
      • 10.3.2. Revenue Based Modeling
    • 10.4. Phase III - Primary Research
    • 10.5. Research Limitations
      • 10.5.1. Assumptions

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Subsea Valves market. Zion Research has collected and analyzed key data belong to the global Subsea Valves market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Subsea Valves across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Subsea Valves industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases, and market reports

News articles, press releases, and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Subsea Valves market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage, and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

A valve is a tool that normalizes, directs and controls the stream of a fluid by opening, closing, or partially impeding various passageways. The subsea values are special kind of valves, which can be also classified under industrial valves. They are used to control the flow of material through an undersea pipeline mostly used to control the flow of oil and gas. Moreover, the size of the valve is specified and is related to the volume of fluids that are expected to flow through it. The subsea valves find various applications such as oil & gas industry, marine industry, offshore wind power, energy harvesting and production, underwater mining, etc.

The subsea valves market is mostly driven by escalating energy demand along with growing scale of offshore and subsea projects. Secondly, emerging and advancing technologies for exploration and production of oil and gas is likely to fuel the demand for subsea valves during the years to come.  However, unstable prices of crude oil are expected to impede the growth of the market. Nevertheless, growing penetration of new developments in various sectors is likely to set new wings to the market of subsea valves during the coming years.

Global-Subsea-Valves-Marke

The subsea valves are bifurcated into different types such as subsea ball valves, subsea gate valves, subsea check valves, subsea control valves, subsea choke valves and others. Among all, subsea ball valve dominated the global subsea valves market in 2016. It held a significant share of the total market in 2016 and further this trend is expected to continue in the coming years. This growth is attributed to the special characteristics they offer to the end-use industry. These valves are highly appropriate for high-pressure and high-temperature conditions. Therefore, it is also predicted to be one of the fastest-growing segments of the global subsea valves market within the forecast period.

Based on regional segmentation, Latin America was the most attractive market for subsea valves in 2016. It accounted more than 30% share of the entire market and further it is expected to witness significant growth in the near future. Moreover, Middle East & Africa is expected to be the fastest growing market for subsea valves over the next few years. This growth is attributed to the increase in the offshore oil and gas projects especially in countries such as Ethiopia, Angola, Nigeria, and Egypt. Asia Pacific expected to witness moderate growth of the market. North America and Europe are projected to experience sluggish growth over the forthcoming years.

Some of the major players involved in the production of subsea valves across the globe include Perar S.p.A., Flowserve Corporation, BuTech, Oliver Valves Ltd., Cameron, L.B. Bentley Ltd, Cortec LLC, DAFRAM S.p.A., PetrolValves and amongst others.


Frequently Asked Questions

The global Subsea Valves Market was valued at USD 323.8 in 2020.

The global Subsea Valves Market is expected to reach USD 366.5 million by 2028, growing at a CAGR of 1.5% between 2021 to 2028.

Increasing requirement for energy is a major factor that boosts the development of subsea valves market.

Latin America region held a substantial share of the Subsea Valves Market in 2020.

The major players of global subsea valves include Perar S.p.A., Flowserve Corporation, BuTech, Oliver Valves Ltd., Cameron, L.B. Bentley Ltd, Cortec LLC, DAFRAM S.p.A., PetrolValves and amongst others.

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