Industry Background:
The shut-off valves are functions most commonly by air, there are also two varieties of an air-operated valve. The generally open shut-off valve function, when no air pressure is applied the valve will fail open. There is a rubber tube inside the valve body, this rubber tube, also recognized as a sleeve, bladder, hose or membrane pinches/squeezes together once air pressure is applied shutting off the valve. Depending on the rubber tube inside the valve which is fitted within the shut-off valve then air pressure required to close the valve can vary.This growth is primarily driven by Increasing Investments in the Manufacturing Facilities and Growing Demand for Power and Water.
Globally, a noticeable market trend is evident Increasing Innovation in the Technology of Shut-Off Valves. Major Manufacturers, such as Schneider Electric (France), Johnson Controls (United States), IMI Precision Engineering (United Kingdom), Honeywell (United States), AVK Group (Denmark), Siemens AG (Germany), KITZ Corporation (Japan), Bray International, Inc. (United States), Oventrop (United Kingdom) and Danfoss (Denmark) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On Jan 1, 2019 – AVK announces the completion of the acquisition of the Italian company, ACMO. ACMO has a strong position in the range of needle valves, control valves, check valves and air valves.
Regulatory Insights:
Excess flow valves (EFV), which are safety devices installed on natural gas distribution pipelines to reduce the risk of accidents, are currently required for new or replaced gas service lines servicing single-family residences (SFR), as that phrase is defined in 49 CFR 192.383(a). This final rule makes changes to part 192 to expand this requirement to include new or replaced branched service lines servicing SFRs, multifamily residences, and small commercial entities consuming gas volumes not exceeding 1,000 Standard Cubic Feet per Hour (SCFH).
Market Drivers
- Increasing Investments in the Manufacturing Facilities
- Growing Demand for Power and Water
Market Trend
- Increasing Innovation in the Technology of Shut-Off Valves
Restraints
- High Costs Associated With the Shut-Off Valves
Opportunities
Rapid Growth of Industrialization
Challenges
Strict Government Policies and Regulations Regarding Shut-Off Valves
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Shut-Off Valve Study Sheds Light on
The Shut-Off Valve Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Shut-Off Valve industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Shut-Off Valve industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.