What is Blast Valve Market Scope?
The blast valve is the system, used to protect a shelter including a bunker, fallout shelter, and others. It is placed in air intake pipes and remains open but it will be closed when high pressure is applied to protect a shelter. Increasing use of blast valves particularly in the defense and military sector for air intake and exhaust application is fueling the growth of the market. Additionally, increasing demand from industrial buildings and new launches of high-performance blast valves have been supplementing the growth of the market. However, the lack of standardized government policies and certifications and continuous fluctuation in the prices of raw materials are the limiting factors for the market.
Influencing Trend:
An Emergence of High-Performance Blast Valves with Features such as Double Acting, Excellent Corrosion Resistance, and Others
Market Growth Drivers:
Increasing Demand from Military and Defense for Air Intake and Exhaust Valve Application and Growing Use of Blast Valves in Industrial Buildings Driving the Market
Challenges:
High Cost Associated with Blast Valves and Increasing Quality Issues and Rising Duplication of Technology
Restraints:
Stringent Regulation Regarding Safety and Cost Associated with Blast Valve
Opportunities:
Increasing Urbanization and Industrialization in Emerging Economies such as India and China and Increasing Investment in Research and Development Activities by Established Key Players
The Blast Valve market study is being classified by Type (Galvanized Valve and Stainless Steel Valve), by Application and major geographies with country level break-up.
In the last couple of decades, the global blast valve market was highly concentrated on very few players including Temet, VENCOTEK, Beth-El Zikhron Yaaqov Industries Ltd., Halton Group, WUXI FUCARE INDUSTRIAL, and a few others. Thus the market was showing strategic monopoly in the moderately competitive environment. However, with respect to minimal initial investments in blast valve manufacturing have favored a number of new entrants to gain market share from the local market. The global leader's business might be affected due to new entrants. Moreover, global leaders will continuously adopt strategic partnerships and technological developments to gain a competitive edge in a moderately competitive environmentThe Manufacturers having a strong hold in the market are Temet, VENCOTEK, Beth-El Zikhron Yaaqov Industries Ltd., Halton Group, WUXI FUCARE INDUSTRIAL. Analysts at AMA predicts that Manufacturers from European will contribute to the maximum growth of Global Blast Valve market throughout the predicted period.
Temet (Finland), VENCOTEK (Turkey), Beth-El Zikhron Yaaqov Industries Ltd. (Israel), Halton Group (Finland), WUXI FUCARE INDUSTRIAL CO., LTD (China), SagiCofim spa (Italy), Suoja-Expert Oy (Finland), FORAN (Spain), Andair AG (Switzerland) and PROTEGO (Germany) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Temet (Finland), VENCOTEK (Turkey), Beth-El Zikhron Yaaqov Industries Ltd. (Israel), Halton Group (Finland), WUXI FUCARE INDUSTRIAL CO., LTD (China), SagiCofim spa (Italy), Suoja-Expert Oy (Finland), FORAN (Spain), Andair AG (Switzerland) and PROTEGO (Germany).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Blast Valve market by Type, Application and Region.
On the basis of geography, the market of Blast Valve 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).
Market Influencers and their Development Strategies
On August 2018, Halton Group announced the completion of its new acquisition, the company acquired U.S. Indoor Air Equipment Manufacturer. The main of the acquisition is to expand its business in air handling systems. The acquisition can create a new opportunity in the United States
Temet´s invested in research and development as well as cooperation with international research and testing laboratories. As a result, they become a leading manufacturer of chemical, biological, radiological, and nuclear (CBRN) filtration systems and shelter technology solutions.
In the United States, organizations such as the Occupational Safety and Health Administration (OSHA) and the National Fire Protection Association (NFPA) provide guidelines and regulations for the use of Blast Valves in industrial settings. In the European Union, regulations regarding Blast Valves fall under the Pressure Equipment Directive (PED) and the ATEX directive, which deals with equipment intended for use in potentially explosive atmospheres. It is important to consult local regulations and guidelines for the specific application of Blast Valves.
Key Target Audience
Blast Valve Manufacturers, Blast Valve Raw Material Suppliers, Blast Valve Suppliers and Distributors, Private Research Organizations, Government Associations and Agencies, Potential Investors and Others
Blast Valve Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Blast Valve Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Blast Valve industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.