The Compressor Valves Market Size is valued at USD 1.45 billion in 2023 and is predicted to reach USD 2.01 billion by the year 2031 at a 4.30% CAGR during the forecast period for 2024-2031.
Compressor valves are a crucial part of manufacturing equipment and are widely used in water management, chemical industries, factories, petroleum and natural gas extraction. Essentially, compressor valves are essential for controlling the circulation of air or gasoline through and out of air conditioners, guaranteeing security as well as efficient performance. These valves are necessary because they increase compressor efficiency, lower energy usage, and lessen wear and tear, all of which increase the machinery's longevity.
The increasing need for energy-effective infrastructure, improvements in valve categories, and the growth of downstream industries in developing areas are some of the major factors influencing the industry. Market expansion is also fueled by stricter ecological regulations that demand the use of more dependable and effective compressor equipment.
However, the primary challenge facing the industry for compressor valves is the extreme rivalry. The industry is highly competitive due to the existence of regional manufacturers of compressor valves. The needs and desires of end users influence the dispersed structure of small manufacturers. Earnings for each unit decline in the market when prices are comparable. In order to increase their customer base, inadequate, disorganized enterprises frequently lower their prices, which lowers their total earnings. The high expense of sophisticated compressed-air systems and the volatility of raw material costs are other factors that may hinder industry expansion. Furthermore, there are substantial obstacles to getting started for new businesses due to the complexity of designing and producing customized alternatives.
Competitive Landscape
Some Major Key Players In The Compressor Valves Market:
- Burckhardt Compression AG
- Compressor Products International, Inc.
- Dresser-Rand Group
- H&S Valve, Inc.
- Hoerbiger Holding AG
- KB Delta
- Cook Compression.
- Emerson Electric Co.
- AVK Holding A/S
- Alpha Compressor Valve Pvt. Ltd
- Ing. Mario Cozzani Srl
- ACI Services Inc.
- EnPro Industries, Inc.
- Dover Corporation
- Other Market Players
Market Segmentation:
The compressor valves market is segmented based on type, material, power, pressure, compressor type, end-use, and sales type. Based on type, the market is segmented into plate valves, ring valves, poppet valves, and others. The material segment is further classified into stainless steel, aluminium, cast iron, brass, and others. By power, the market is segmented into suction valves, discharge valves, non-return/check valves, control valves, and others. By pressure, the market is segmented into low-pressure valves (Less than 100 Bar), medium-pressure valves (100-500 Bar), and high-pressure valves (More than 500 Bar). By compressor type, the market is segmented into positive displacement compressors and dynamic compressors. The end-use category includes residential, commercial, and industrial. By sales type, the market is segmented into OEM and aftermarket.
Based On The End-Use, The Residential Compressor Valves Market Segment Is Accounted As A Major Contributor To The Compressor Valves Market
The residential compressor valves market will hold a major global market share in 2023 because of its domestic conditioning techniques, which are driven by factors including rising global temperatures, increased disposable income, and the need for better convenience. The requirement for residential compressor valve systems is influenced by environmental factors in various places, such as new home construction and improvement projects.
Plate Valves Segment To Witness Growth At A Rapid Rate
The plate valve industry uses bulk compressor valves, and because of their simple component construction, plate valves offer greater oversight and control of circulation. Their long lifespan and great dependability minimize maintenance. Furthermore, plate valves may reduce operator power/fuel expenses and upkeep expenditures.
In The Region, The Asia Pacific Compressor Valves Market Holds A Significant Revenue Share.
The Asia Pacific compressor valves market is expected to note the highest market share in revenue in the near future. This can be attributed to this area's strong economic foundation, especially in industries like food and beverages, substances, and energy production. In addition, Europe is projected to grow rapidly in the global compressor valves industry because of rising urbanization and economic growth. In this area, businesses like energy production, nuclear power, dietary supplements, and medicines are expanding and modernizing their facilities. Due to their continuous growth, many process industries require compressors with compressor valves.
Compressor Valves Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 1.45 Bn |
|
Revenue Forecast In 2031 |
USD 2.01 Bn |
|
Growth Rate CAGR |
CAGR of 4.30% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
Type, Material, Power, Pressure, Compressor Type, End-Use, And Sales Type |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
|
Competitive Landscape |
Imperfect Foods, Full Harvest, HelloFresh, Misfits Market, Zero Waste Market, Hungry Harvest, FoodMaven, Green Chef, The Better Fish, Earth Fare, FarmLogix, Ingredion, Too Good To Go, Loliware, Yummly, The Ugly Company, Sweetgreen, and UrbanFarm |
|
Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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