Global Shut-Off Valve Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Shut-Off Valve Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Shut-Off Valve is a kind of valves designed for and capable of positive closure to prevent flow within a piping system. Typical shut-off valves include, but are not limited to, manually-actuated, power-actuated, or spring-actuated fail-safe shutoff valves.

Market Overview:

The latest research study on the global Shut-Off Valve market finds that the global Shut-Off Valve market reached a value of USD 4500.94 million in 2022. It’s expected that the market will achieve USD 6578.61 million by 2028, exhibiting a CAGR of 6.53% during the forecast period.

Competitive products

As the rapid development of sensor technology, many high-tech competing products appear to replace some of the market of the shut-off valves, for example, automatically-adjust pressure valves, automatic - control -flow valves.

Price fluctuations of raw material

The raw material of shut-off valves is mainly copper, however Copper prices fluctuations seasonally, which will give bring some uncertainty for industries.

Opportunities

The continuous penetration of economic globalization, especially the popularization of the Internet and the rapid development of e-commerce express industry make product flow more smoothly, and some economically backward areas can buy the desired product conveniently.
The rapid development of emerging market economy has promoted the demand of shut-off valve. There is a huge potential for consumption in these areas, such as India.

Region Overview:

From 2022-2027, Europe is estimated to witness robust growth prospects.

Company Overview:

Schneider Electric, Johnson Control, Siemens, Honeywell and Emerson are the five key players in the global Shut-Off Valve market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Shut-Off Valve market in the past 5 years.

Schneider Electric

Schneider Electric SE is a European multinational corporation that specializes in energy management, automation solutions, spanning hardware, software, and services. Native of France, the company is headquartered in Rueil-Malmaison and is also based at the World Trade Center of Grenoble with offices throughout the world.

Johnson Control

Johnson Controls is a multinational conglomerate headquartered in Cork, Ireland that produces automotive parts such as batteries and electronics and HVAC equipment for buildings. The company creates intelligent buildings, efficient energy solutions, integrated infrastructure and next generation transportation systems that work seamlessly together to deliver on the promise of smart cities and communities.

Segmentation Overview:

By type, Ball Valve segment accounted for the largest share of market in 2021.

Ball Valve

The working principle of the ball valve is to make the valve open or block by the attachment of the rotary valve. The ball valve switch is light and small, and can be made into a large caliber. It has reliable sealing, simple structure and convenient maintenance. The sealing surface and the spherical surface are often closed, and it is not easy to be eroded by the medium.

Butterfly Valve

Its key component is a disc like butterfly and free gyration. The valve disc revolves around an axis in the seat, and the size of the rotation angle is the opening and closing of the valve. When the disc and the shaft are vertical, the valve is shut-off. Butterfly valve has the features of lightness, saving material than other valves, simple structure, quick opening and closing, cutting and throttle can be used, fluid resistance is small, operation saves labor.

Gate Valve

Its principle of closure is that the sealing surface of the gate and the valve seat is highly clean, smooth, and consistent, which can match each other to prevent the flow of medium, and enhance the sealing effect by the form of the top die, spring or gate. Its advantage is: the fluid resistance is small, and can save energy during opening or closing. Also it can be used in the two-way flow of the medium without directivity. When the fully open, the sealing surface is not easy to be eroded, and the structure length is short. It is not only suitable for small valves, but also suitable for making large valves.

Globe Valve

Its principle of closure is to rely on the pressure of the valve bar to close the valve seal face closely with the seat sealing surface to prevent the circulation of the medium. It is the most widely used valve. Its popularity is due to its small friction force between the sealing surfaces during opening and closing process, so it is relatively durable, and globe valve has small opening height, easy manufacture and convenient maintenance, and can be used not only for medium and low voltage, but also for high voltage.

Application Overview:

By application, the Petroleum Industry segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Shut-Off Valve market covered in Chapter 3:

Bray
IMI
Siemens
Emerson
Schneider Electric
VELAN
Honeywell
Cameron
Talis
Parker
Shandong Yidu Valve
Flowserve
Johnson Control
KITZ
Crane Company

In Chapter 4 and Chapter 14.2, on the basis of types, the Shut-Off Valve market from 2018 to 2029 is primarily split into:

Ball Valve
Butterfly Valve
Gate Valve
Globe Valve
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Shut-Off Valve market from 2018 to 2029 covers:

Construction
Petroleum Industry
Power Industry
Chemical Industry
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)