Pigging Valves Market was valued at US$ 4.2 Bn. in 2021. The Global Pigging Valves Market size is estimated to grow at a CAGR of 9.5 % over the forecast period.
Pigging Valves Market Overview:Pigging valves are pipeline instruments for introducing and retrieving pigs, which are pipeline maintenance and cleaning devices. Using an interlock that is integrated on the side of pigging valves and is secured and locked through a bayonet system, these valves are employed as pig launches or receiver valves. The report explores the Pigging Valves market & segments (Valves Type, Technology Application, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all Application sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2020. The report investigates the Pigging Valves market & drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Pigging Valves market & contemporary competitive scenario. To know about the Research Methodology:-Request Free Sample Report 2021 is considered as a base year to forecast the market from 2022 to 2027. 2021’s market size is estimated on real numbers and outputs of the key players and major players across the globe. The past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analysis, especially with the impact of lockdown by region.
Pigging Valves Market Dynamics:Drivers: Oil and gas industries are in high demand The demand for pigging valves is expanding as a result of increased industrial automation in numerous areas such as chemicals, oil, gas, and pharmaceuticals. Pigging valves are in high demand owing to various oil and gas extraction activities being carried out on the international market. The oil and gas industries are also predicted to grow in demand during the projection period. As a result, high costs are the primary driver of growth in the global pigging valve market. Developing economy plays the vital role Demand for oil and gas products is fast expanding across rural areas, particularly in developing economies like China, India, Brazil, and Australia. As a result, governments in a number of nations are focusing their efforts on improving pipeline infrastructure in order to reduce transportation time and costs. Requirement for improved pipeline transportation control through automation Pipeline transportation is critical for transporting key hydrocarbons and petrochemicals. Pigging valves are commonly employed in the pipeline Application to prevent leaks and improve control over fuel transportation through pipes. Also, massive exploration and production operations around the world to fulfill the rising demand for oil and gas are expected to increase the pigging valves market. Restraints: Despite the numerous advantages of pigging valves, high initial costs, high maintenance costs, and a lack of flexibility because they can only pass through bends with large radius pipelines, among other problems, are limiting sales in the global market. Also, pipeline construction operations in many emerging countries are diminishing due to high costs and the necessity for extensive analysis for pipeline construction due to several environmental factors that must be considered before laying pipelines. Pigging valve sales are being hampered as a result of this. Pigging Valves Market Trends: the Middle East and Africa is expected to become lucrative markets for pigging valves. Because of an increase in the global vehicle fleet and growing industrialization, demand for crude oil, natural gas, and petroleum products have increased rapidly in recent years. As a result, important producing and refining countries like Saudi Arabia, Iran, Iraq, the UAE, and Iraq are seeing large increases in exports of the aforementioned items. According to the International Monetary Fund, Saudi Arabia exports over 7.31 million barrels of crude oil per day, an increase of more than 1.1 million barrels per day over 2009. Because of the importance of pigging valves in the export of these oil and gas Application products, increased trade activity is expected to boost sales in the Middle East and Africa markets.
Pigging Valves Market Segment Analysis:Based on Valve Type, the Pigging Valves Market is segmented into Shut off valves, and Bypass Valves. The market leader is Bypass Pigging Valve with 55% of the market share. Shut-off valves are used to properly halt or resume the flow of potentially dangerous fluids or gases. When not in use, they are used to restrict compressed air in an industrial automation processor to isolate sub-systems. A shut-off valve is known by many different names. Lockout valve, cut-off valve, shutdown valve, emergency shutdown valve, ball valve, and exhausting ball valve are other frequent names. To protect equipment from over-pressure, bypass valves redirect steam from one portion of the system (such as power generation or process steam such as paper and pulp production) to reheat or exhaust pipework. They are utilized in a variety of applications to deal with pressure and temperature differentials.
Pigging Valves Market Regional Insights:North America, Europe, Asia Pacific, South America, and the Middle East and Africa make up the pigging valves market. Pipeline development has increased across North America, with the majority of it cantered in the Permian Basin of West Texas and New Mexico, which is the country's largest shale gas basin. For example, a joint venture comprising Dominion Energy, Duke Energy, Piedmont Natural Gas, and Southern Company Gas created the USD 5 billion, 600-mile Atlantic Coast Pipeline. Pipelines are primarily employed in the hydrocarbon, petrochemical, and chemical sectors, all of which are predicted to grow in North America. Major oil and gas pipeline transportation projects are in the works across Europe. Also, rising investment in the petrochemical, pharmaceutical, and power industries is expected to provide a profitable market for market growth. The Asia Pacific's exponential population rise raised the demand for hydrocarbons and petrochemical products. As a result, the pigging valve market is expected to benefit from the developing pipeline infrastructure for efficient oil and gas transportation. Due to increased downstream Capex, the pigging valves market in the Middle East and Africa is experiencing significant growth. The objective of the report is to present a comprehensive analysis of the global Pigging Valves Market to the stakeholders in the Application. The past and current status of the Application with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the Application with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the Application to the decision-makers. The reports also help in understanding the Pigging Valves Market dynamic, and structure by analyzing the market segments and projecting the Pigging Valves Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Pigging Valves Market make the report investor’s guide. Pigging Valves Market Competitive Landscape: To get an advantage in the extremely competitive market, leading competitors are releasing high-performance products and enrolling patients in novel technologies. HARTMANN VALVES GmbH, Argus Machine Co. Ltd., RMA Pipeline Equipment Ltd., PBM Valve, Pigging Solutions, Frontier Valve International, Energas Technologies (Pvt) Limited, Smith Flow Control, Tiger Valve Company (TVC), SAMSON Controls Inc., Jag Valves, and others are some of the leading players in the pigging valves market.
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Global Pigging Valves Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2027 Historical Data: 2017 to 2021 Market Size in 2021: US $ 4.2 Bn. Forecast Period 2022 to 2027 CAGR: 9.5% Market Size in 2027: US $ 7.24 Bn. Segments Covered: by Valves Type • Shut-Off Valve • Bypass Valve by Technology • Ultrasonic Piping • Magnetic Flux Leakage Piping by Application • Oil & Gas • Petrochemicals • Chemicals • Food & Beverages • Others
Pigging Valves Market by Region• North America • Europe • Asia Pacific • Middle East and Africa • South America
Pigging Valves Market Key Players:• Jag Valves • Hartmann Valves GmbH • Tiger Valve Company • CGIS • Sofis valve operation. • Frontier Valve International • PBM Valve • Argus Machine Co. Ltd • SAMSON Controls Inc. • Pipetech Corporation • Master Flo Valve Inc. • RMA Pipeline Equipment • PHOENIX SPECIALTY INC. • Master Flo Valve • Pigging Solutions • Energas Technologies (Pvt) Ltd. Frequently Asked Questions: 1] What is the market size and growth rate of the Global Pigging Valves market as per the forecasting period? Ans. Forecasted market size US$ 7.24 Billion by 2027, with a CAGR of 9.5 %. 2] What are the Restraints in the Global Pigging Valves market? Ans. High initial costs, high maintenance costs, and a lack of flexibility are some of the main restraints of the Pigging Valves market. 3] Which region is expected to hold the highest share in the Global Pigging Valves Market? Ans. The North American region is expected to hold the highest share in the Pigging Valves Market followed by Europe and Asia-Pacific. 4] Which are the leading key players in the Global Pigging Valves market? Ans. Jag Valves, Hartmann Valves GmbH, Tiger Valve Company, CGIS, Sofis valve operation, Frontier Valve International, PBM Valve, Argus Machine Co. Ltd, SAMSON Controls Inc., and Pipetech Corporation, are the some of the leading key players of the Pigging Valves market. 5] What segments are covered in the Global Pigging Valves Market? Ans. The Pigging Valves market is segmented into Valves Type, Technology, Application, and region.
1. Global Pigging Valves Market Size: Research Methodology 2. Global Pigging Valves Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Pigging Valves Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Pigging Valves Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Pigging Valves Market Size Segmentation 4.1. Global Pigging Valves Market Size, by Valves Type (2021-2027) • Shut-Off Valve • Bypass Valve 4.2. Global Pigging Valves Market Size, by Technology (2021-2027) • Ultrasonic Piping • Magnetic Flux Leakage Piping 4.3. Global Pigging Valves Market Size, by Application (2021-2027) • Oil & Gas • Petrochemicals • Chemicals • Food & Beverages • Others 5. North America Pigging Valves Market (2021-2027) 5.1. Global Pigging Valves Market Size, by Valves Type (2021-2027) • Shut-Off Valve • Bypass Valve 5.2. Global Pigging Valves Market Size, by Technology (2021-2027) • Ultrasonic Piping • Magnetic Flux Leakage Piping 5.3. Global Pigging Valves Market Size, by Application (2021-2027) • Oil & Gas • Petrochemicals • Chemicals • Food & Beverages • Others 5.4. North America Pigging Valves Market, by Country (2021-2027) • United States • Canada • Mexico 6. European Pigging Valves Market (2021-2027) 6.1. European Pigging Valves Market, by Valves Type(2021-2027) 6.2. European Pigging Valves Market, by Technology (2021-2027) 6.3. European Pigging Valves Market, by Application (2021-2027) 6.4. European Pigging Valves Market, by Country (2021-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Pigging Valves Market (2021-2027) 7.1. Asia Pacific Pigging Valves Market, by Valves Type(2021-2027) 7.2. Asia Pacific Pigging Valves Market, by Technology (2021-2027) 7.3. Asia Pacific Pigging Valves Market, by Application (2021-2027) 7.4. Asia Pacific Pigging Valves Market, by Country (2021-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Pigging Valves Market (2021-2027) 8.1. Middle East and Africa Pigging Valves Market, by Valves Type(2021-2027) 8.2. Middle East and Africa Pigging Valves Market, by Technology (2021-2027) 8.3. Middle East and Africa Pigging Valves Market, by Application (2021-2027) 8.4. Middle East and Africa Pigging Valves Market, by Country (2021-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Pigging Valves Market (2021-2027) 9.1. South America Pigging Valves Market, by Valves Type(2021-2027) 9.2. South America Pigging Valves Market, by Technology (2021-2027) 9.3. South America Pigging Valves Market, by Application (2021-2027) 9.4. South America Pigging Valves Market, by Country (2021-2027) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. Jag Valves 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Hartmann Valves GmbH 10.3. Tiger Valve Company 10.4. CGIS 10.5. Sofis valve International 10.6. PBM Valve 10.7. Argus Machine Co. Ltd 10.8. SAMSON Controls Inc. 10.9. Pipetech Corporation 10.10. Master Flo Valve Inc. 10.11. RMA Pipeline Equipment 10.12. PHOENIX SPECIALTY INC. 10.13. Master Flo Valve 10.14. Pigging Solutions 10.15. Energas Technologies (Pvt) Ltd.