Hybrid Valve - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Hybrid Valve Market is accounted for $0.93 billion in 2018 and is expected to reach $1.84 billion by 2027 growing at a CAGR of 7.9%. High demand for energy & power generation and the increase in the oil & gas production are likely to boost the growth of the hybrid valve market. However, lack of standardized certifications and government policies to increase the production cost are likely to hamper the profit boundaries.
A hybrid valve is specially designed using a disc stack for reducing cavitation, noise, and vibration that occur during high-pressure flow applications. A disc stack is designed with several holes on the periphery for easy transfer of gases and petroleum fluids; this disc stack is used in valves to reduce the flow pressure. Hybrid valves are widely used in various process industries such as oil & gas, energy & power, water & wastewater, chemical, pharmaceutical, metal & mining, and others for reducing pressure/vibration/noise. he need for controlling excessive noise, pressure, vibration, and cavitation in critical processes and corrosion problems in the oil & gas industry are among the key driving factors for the hybrid valve market.
Based on material, the steel segment is estimated to have a lucrative growth due to the huge demand for the material from applications involving high temperature and steam needed for greater flow control and corrosive media handling applications in chemicals and water & wastewater treatment industries. By geography, Asia Pacific is likely to have a huge demand due to the rapid urbanization in developing economies such as China and India which will boost the demand for hybrid valve from several industries such as energy & power, water & wastewater treatment, building & construction, pharmaceuticals, and chemicals.
Some of the key players in the Hybrid Valve market include IMI PLC, Automat Industries, Carter Process Control GmbH, Chemtrols Emet Pvt. Ltd, Circor International Inc., Electronica Tungsten Ltd., Emerson Electric Co., Flowserve Corporation, Koso Kent Introl Pvt Ltd, Mascot Cavflo, Master Flo Valve Inc, Parcol S.P.A, Penn United Technologies Inc, Trillium Flow Technologies, and Wuxi Smart Auto-Control Co Ltd.
• Duplex Nickel
• Tungsten Carbide
• Other Materials
• 25’’ to 50’’
• 50’’ & Larger
• Up to 1”
• Building & Construction
• Energy & Power
• Food & Beverage
• Metals & Mining
• Oil & Gas
• Pulp & Paper
• Water & Wastewater
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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