About Double Block & Bleed Valves
Double block & bleed valves are used for isolation and the secondary function is provide support in sealing pressure to valves. Double block & bleed valves offer high performance in terms of many factors such as pressure drop, leakage points, and others at a cheaper price. Increasing industrialization and urbanization, particularly in the Asian countries, have been rising the demand for the double block & bleed valves. Additionally, the growing construction industry and rising government initiatives for infrastructure development and increasing adoption of double block & bleed valves in oil & gas industry are considered the major driver for the market. However, the huge initial investment in the operating market and lack of standardization of certifications and policies are limiting the growth of the market. Moreover, a growing number of refineries and chemicals plants across the globe can create a new opportunity in the market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.The Manufacturers having a strong hold in the market are Valves Group, Schneider Electric, Flowserve Corporation, The Haskell Company, Oliver Valves Limited. Analyst at AMA Research estimates that United States, European and Asian Manufacturers will contribute the maximum growth to Global Double Block & Bleed Valves market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Valves Group (United Kingdom), Schneider Electric SE (France), Flowserve Corporation (United States), The Haskell Company (United States), Oliver Valves Limited (United Kingdom), Parker Hannifin (United States), Swagelok Company (United States), Vimec S.R.L. (Italy) and Walter Stauffenberg GmbH & Co. Kg. (Germany) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Crane Co. (United States), IMI Plc. (Finland) and Kitz Corporation (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Double Block & Bleed Valves market by , Application (Ping/Instrument Interfaces, Pressure Transmission, Pressure Gauges & Switches, Chemical Injection & Isolation and Others) and Region.
On the basis of geography, the market of Double Block & Bleed Valves has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User Industry, the sub-segment i.e. Chemical will boost the Double Block & Bleed Valves market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Type, the sub-segment i.e. Floating Type will boost the Double Block & Bleed Valves market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product Type, the sub-segment i.e. Ball Valves will boost the Double Block & Bleed Valves market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Used, the sub-segment i.e. Stainless Steel will boost the Double Block & Bleed Valves market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Adoption of Double Block & Bleed Valves in Oil & Gas Industry
Market Growth Drivers:
Increasing Demand due to High Performance Associated with Pressure Drop, Leakage Points in Low Cost, Lesser Risk Allied with Vibration in Double Block & Bleed Valves and Increasing Demand from Rapidly Growing Construction Industry and Rising Government Initiatives for Infrastructure Development
Challenges:
Continuously Increasing Industrialization and Urbanization Particularly in Asian Countries and Growing Number of Refineries and Chemicals Plants across the Globe
Restraints:
Huge Initial Investment in the Operating Market
Opportunities:
Continuously Increasing Industrialization and Urbanization Particularly in Asian Countries and Growing Number of Refineries and Chemicals Plants across the Globe
Market Leaders and their expansionary development strategies
In July 2022, Emerson has launched the TESCOM Anderson Greenwood Instrumentation H2 Valve Series suitable for hydrogen applications up to 15,000 psi. The new solution reliably isolates process pressure in hydrogen fueling stations and tube trailers, reducing fugitive emissions and improving safety.
In November 2021, Parker Hannifin, the global leader in motion and control technologies, has launched its latest process to instrument valve that fully conforms to EEMUA 182. The new range of EP Series Pro-Bloc valves, has a double block and bleed function and consists of two separate isolating balls and one vent in a single unit. The valve is also available in a block and bleed arrangement.
Key Target Audience
Double Block & Bleed Valves Manufacturers, Raw Material Suppliers, Suppliers and Distributors, Private Research Organization, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.