세계의 하이브리드 밸브 시장 예측(-2030년) : 유형별, 재료별, 기술별, 최종사용자별, 지역별

According to Stratistics MRC, the Global Hybrid Valve Market is accounted for $1.4 billion in 2024 and is expected to reach $2.4 billion by 2030 growing at a CAGR of 8.4% during the forecast period. Hybrid valves combine traditional valve mechanisms with advanced control technologies, offering enhanced performance and efficiency. These valves regulate flow and pressure in industries like oil and gas, water treatment, power generation, and chemicals. They integrate smart features like sensors and actuators for improved monitoring and control. Their popularity stems from their ability to meet evolving industrial demands for reliability, energy efficiency, and compliance with stringent regulations.

According to government data, the North American petrochemical sector expanded by 2.5% in 2020 and grew by 8% in 2022 to fulfill global demand.

Market Dynamics:

Driver:

Growing petrochemical and refinery infrastructure

The market is witnessing significant growth, attributed largely to the expanding petrochemical and refinery infrastructure. This surge is fuelled by escalating demand for refined petroleum products and chemicals worldwide. Hybrid valves, known for their efficiency and reliability in demanding industrial environments, are becoming indispensable in this sector. Their ability to handle extreme temperatures and harsh conditions makes them a preferred choice, driving the market's expansion within the petrochemical and refinery domains.

Restraint:

Limited awareness and adoption

The market faces a significant challenge due to limited awareness and adoption. Despite offering advantages like improved control and efficiency in fluid systems, many potential users remain unaware of their benefits. This lack of awareness contributes to slow adoption rates, hindering market growth. Addressing this challenge requires targeted educational efforts to highlight the advantages of hybrid valves, showcasing their potential to enhance performance and reduce operational costs across various industries.

Opportunity:

Focus on automation and wireless monitoring

Through advanced technologies, valves can now be remotely controlled, allowing for real-time adjustments and efficient management of fluid flow. This automation not only enhances precision but also reduces manual labour and operational costs. Additionally, wireless monitoring systems provide continuous data on valve performance, enabling proactive maintenance and minimizing downtime. These innovations signify a significant leap forward in optimizing industrial processes and ensuring seamless operations in the market.

Threat:

High installation costs

The market faces significant challenges due to high installation costs. These costs stem from the complex technology involved in hybrid valves, which combine traditional valve systems with advanced digital components. The need for specialized equipment, skilled technicians, and extensive testing adds to the expenses. Additionally, the integration of digital interfaces and control systems increases the overall installation complexity, further contributing to the high costs in this market segment.

Covid-19 Impact:

The COVID-19 pandemic significantly impacted the Hybrid Valve Market. Supply chain disruptions, reduced manufacturing capacities, and fluctuating demand due to lockdowns caused a slowdown in market growth. However, the increased focus on healthcare infrastructure, especially in terms of ventilation and respiratory support equipment, led to a surge in demand for hybrid valves. Companies also accelerated digital transformation efforts, adopting remote monitoring solutions, which further influenced market dynamics, albeit with challenges such as cybersecurity concerns.

The butterfly valves segment is expected to be the largest during the forecast period

The butterfly valves segment is expected to be the largest during the forecast period due to their versatility and efficiency. These valves are preferred for applications requiring throttling and flow control in industries like water treatment, HVAC, and oil & gas. Their compact design, low-pressure drop, and quick operation make them suitable for both on/off and modulating services. With advancements in materials and technology, butterfly valves continue to be a popular choice for various fluid handling systems in the sector.

The steel segment is expected to have the highest CAGR during the forecast period

The steel segment is expected to have the highest CAGR during the forecast period due to its exceptional durability and resilience in various industrial applications. The inherent strength of steel ensures reliable performance, even in harsh operating conditions, making it a preferred choice for critical valve components. As industries demand higher performance and longevity from their equipment, steel remains a cornerstone material in the hybrid valve market, ensuring robustness and efficiency.

Region with largest share:

North America is projected to hold the largest market share during the forecast period due to increasing industrial automation and demand for efficient fluid control systems. Factors such as the adoption of advanced manufacturing techniques and stringent environmental regulations are driving market expansion. Key players are focusing on developing innovative hybrid valve solutions to cater to diverse industry requirements, ensuring reliability, durability, and enhanced performance for end-users across various sectors.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period. Advances in valve technology, such as the integration of smart features like sensors and actuators, are driving the adoption of hybrid valves. These advanced functionalities allow for better monitoring, control, and maintenance of valve systems. The region is home to several key players in the valve manufacturing industry. This competition is leading to innovation and the development of more advanced hybrid valve solutions tailored to the specific needs of different industries.

Key players in the market

Some of the key players in Hybrid Valve market include Emerson Electric Co., Parker Hannifin Corporation, Honeywell International Inc., Cameron International Corporation, Crane Co., Weir Group plc, Pentair plc, Hitachi, Ltd., Danfoss Group, Asahi Kasei Corporation, Fujikin Incorporated, CIRCOR International, Inc., Metso Corporation, Watts Water Technologies, Inc., Bonney Forge Corporation and Dwyer Instruments, Inc.

Key Developments:

In August 2022, Aegis Flow Technologies LLC announced its merger with Richter Pumps and Valves Inc. The strategic move is expected to strengthen and expand the company's product offering. This merger also enabled the company to update its product offerings in the valves market for the water and wastewater industry.

In April 2022, Emerson introduced a new three-way Series 090 valve design to its ASCOTM Series 090 range, providing more efficient alternatives for gas regulation in various medical and industrial applications.

Types Covered:

• Ball Valves
• Butterfly Valves
• Check Valves
• Gate Valves
• Globe Valves
• Other Types

Materials Covered:

• Titanium
• Alloy
• Steel
• Tungsten Carbide
• Duplex Nickel
• Other Materials

Technologies Covered:

• Smart Valve Hybrids
• IoT-Enabled Hybrids
• Energy-Efficient Hybrids
• Other Technologies

End Users Covered:

• Water & Wastewater
• Building & Construction
• Chemicals
• Oil & Gas
• Energy & Power
• Pharmaceuticals
• Agriculture
• Metal & Mining
• Paper & Pulp
• Food & Beverages
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Technology Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Hybrid Valve Market, By Type

• 5.1 Introduction
• 5.2 Ball Valves
• 5.3 Butterfly Valves
• 5.4 Check Valves
• 5.5 Gate Valves
• 5.6 Globe Valves
• 5.7 Other Types

6 Global Hybrid Valve Market, By Material

• 6.1 Introduction
• 6.2 Titanium
• 6.3 Alloy
• 6.4 Steel
• 6.5 Tungsten Carbide
• 6.6 Duplex Nickel
• 6.7 Other Materials

7 Global Hybrid Valve Market, By Technology

• 7.1 Introduction
• 7.2 Smart Valve Hybrids
• 7.3 IoT-Enabled Hybrids
• 7.4 Energy-Efficient Hybrids
• 7.5 Other Technologies

8 Global Hybrid Valve Market, By End User

• 8.1 Introduction
• 8.2 Water & Wastewater
• 8.3 Building & Construction
• 8.4 Chemicals
• 8.5 Oil & Gas
• 8.6 Energy & Power
• 8.7 Pharmaceuticals
• 8.8 Agriculture
• 8.9 Metal & Mining
• 8.10 Paper & Pulp
• 8.11 Food & Beverages
• 8.12 Other End Users

9 Global Hybrid Valve Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 Emerson Electric Co.
• 11.2 Parker Hannifin Corporation
• 11.3 Honeywell International Inc.
• 11.4 Cameron International Corporation
• 11.5 Crane Co.
• 11.6 Weir Group plc
• 11.7 Pentair plc
• 11.8 Hitachi, Ltd.
• 11.9 Danfoss Group
• 11.10 Asahi Kasei Corporation
• 11.11 Fujikin Incorporated
• 11.12 CIRCOR International, Inc.
• 11.13 Metso Corporation
• 11.14 Watts Water Technologies, Inc.
• 11.15 Bonney Forge Corporation
• 11.16 Dwyer Instruments, Inc.