Global Double Block & Bleed Valves Market Growth 2023-2029

Global Double Block & Bleed Valves Market Growth 2023-2029

A valve is a device that regulates, directs or controls the flow of a fluid by opening, closing, or partially obstructing various passageways. The term Double Block and Bleed initially meant two separate block valves with a pipe and bleed valve between the valves to check for leakage. According to API 6D “Specification for Pipeline Valves” standards, a double block-and-bleed valve is a “single valve with two seating surfaces that, in the closed position, provides a seal against pressure from both ends of the valve, with a means of venting/bleeding the cavity between the seating surfaces.” Double block and bleed valves are used to achieve positive isolation when performing maintenance activities in a live process plant. Typically two block valves and a bleed valve are manufactured as a single assembly and this double block and bleed valve manifold can be readily installed for isolation purpose. Double block and bleed valves are usually used for critical process service, such as high pressure system or toxic, hydrocarbon or hazardous process fluids. For non-critical service, single block and bleed valve assemblies must be used. Double block and bleed valves are also often used with spectacle blind or blind spacers to provide positive isolation. Double block and bleed valve assemblies allow fewer potential leakage paths compared to traditional multiple valve installations, thus increasing safety of the design.

LPI (LP Information)' newest research report, the “Double Block & Bleed Valves Industry Forecast” looks at past sales and reviews total world Double Block & Bleed Valves sales in 2022, providing a comprehensive analysis by region and market sector of projected Double Block & Bleed Valves sales for 2023 through 2029. With Double Block & Bleed Valves sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Double Block & Bleed Valves industry.

This Insight Report provides a comprehensive analysis of the global Double Block & Bleed Valves landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Double Block & Bleed Valves portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Double Block & Bleed Valves market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Double Block & Bleed Valves and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Double Block & Bleed Valves.

The global Double Block & Bleed Valves market size is projected to grow from US$ 426.5 million in 2022 to US$ 543.6 million in 2029; it is expected to grow at a CAGR of 543.6 from 2023 to 2029.

Global Double Block and Bleed Valves key players include Cameron, CIRCOR, Bonney Forge, AS-Schneider, Oliver Valves, etc. Global top five manufacturers hold a share over 35%. North America is the largest market, with a share about 30%, followed by Europe and China, total have a share over 35 percent. In terms of product, Reduced Bore is the largest segment, with a share over 60%. And in terms of application, the largest application is Oil & Gas, followed by Chemical Industry, Power Industry.

This report presents a comprehensive overview, market shares, and growth opportunities of Double Block & Bleed Valves market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Full Bore Valve
Reduced Bore Valve

Segmentation by application
Oil & Gas
Chemical Industry
Power Industry
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Cameron
CIRCOR
Bonney Forge
AS-Schneider
Oliver Valves
Valbart (Flowserve)
L&T Valves
Parker Hannifin
Swagelok
Hy-Lok
DK-Lok
Haskel
Alco Valves (Graco)
Sabre
Western Valve
PBM Valve
Control Seal
Colson

Key Questions Addressed in this Report

What is the 10-year outlook for the global Double Block & Bleed Valves market?

What factors are driving Double Block & Bleed Valves market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Double Block & Bleed Valves market opportunities vary by end market size?

How does Double Block & Bleed Valves break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.