Hybrid Valve Market

Hybrid Valve Market is anticipated to grow at a CAGR of 4.8% during forecast period and estimated to reach USD 2,010 Million by 2027.

A hybrid valve is a mechanically and electrically operated valve that is used for a smooth flow. The hybrid valve is used to enhance the efficiency of the metering pump. These valves can be operated manually and electrically and offer extra reliability and facility. It is easy to install and used across numerous industries, such as metal and mining, oil and gas, food and beverages, water and wastewater treatment, and other industries.

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The key factors which are responsible for the growth of the Global Hybrid Valve market include the growing demand for controlling excessive noise, pressure, cavitation, and vibration in risky process, increasing requirement for energy & power in Asia-pacific region, rising corrosion problems in oil & gas industry coupled with the increase in the oil & gas production in GCC countries. Moreover, increasing usage of 3D printing in manufacturing lines and the growing number of refineries and petrochemical industries & chemical plants across the globe are further fuelling the growth of the market during the forecast period. On the other end of the spectrum, the lack of standardized certification and increasing downtime incidences are the major factors that will have a negative impact on the growth of the market.

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Based on the material, the steel segment is expected to grow at a higher CAGR during the forecast period owing to the growing demand from industrial production plants for high temperature or pressure application of the hybrid valve. The increasing application of steel hybrid valve involving high steam and temperature due to the growing need for greater flow control and corrosive media handling application in chemical and water & wastewater treatment industry is further propelling the growth of the market during the forecast period.

Based on industry, the chemical segment is projected to grow at a higher CAGR in the market during the forecast period due to increasing usage of hybrid valve for controlling distinctive & complex noises and acoustical challenges produced in chemicals plants, owing to a huge number of possible in-situ noise sources and the size of facilities. Moreover, mixers, centrifuge machines, high-pressure valves, pumps, and related pipelines are generating noise that is detrimental to the employees’ health and disruptive to the local community, which is further encouraging the adoption of hybrid valves. The oil & gas industry is projected to grow at a higher CAGR during the forecast period owing to the growing demand for energy driven by the rising population rate and expansion of consumer base, especially in the developing economies such as China and India.

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Based on the region, Asia-pacific is projected to lead the global Hybrid Valve market over the forecast period owing to various initiatives taken by the government to promote the implementation of IoT in the companies and the rising oil & gas activities along with the increasing need for water treatment solutions in countries such as China and India. Moreover, rapid urbanization and industrialization growth in developing countries of this region are further boosting the growth of the market.

The major key players in the market include IMI plc, Emerson Electric Co., Trillium Flow Technologies, Circor International Inc., Koso Parcol S.r.l., Koso Kent Introl Pvt. Ltd., Wuxi Smart Auto-Control Co. Ltd., Chemtrols Emet Pvt. Ltd, Dymet Alloys, Carter Process Control GmbH, among others.

Key Developments:

• • In Sep 2019, IMI Plc acquired PMP, industrial valves, and flow control products manufacturer. With this acquisition, IMI extends market presence into new, growing segments, including Pharmaceutical or Biotechnology.

The Global Hybrid Valve market has been segmented based on the material, size, industry, and region. Based on material, the market is segmented into Steel, Tungsten Carbide, Duplex Nickel¸ Titanium, Alloy, and Others. Based on the size, the market is segmented into Up to 1”, >1” to 6”, >6” to 25”, >25” to 50”, and 50’’ & Larger. Based on the industry, the market is segmented into Oil & Gas, Water & Wastewater Treatment, Energy & Power, Food & Beverages, Chemicals¸ Building & Construction, Pharmaceuticals, Pulp & Paper, Metals & Mining¸, and Others.

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Key questions answered in this research report:

• • At what pace is the global Hybrid Valve market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global Hybrid Valve market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Hybrid Valve market?
  • What are the various industries of the global Hybrid Valve market, and how are they poised to grow?
  • Which material generated maximum revenues in 2019 and identify the most promising products during the forecast period?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Hybrid Valve Market by Material

• • Steel
  • Tungsten Carbide
  • Duplex Nickel
  • Titanium
  • Alloy
  • Others

Global Hybrid Valve Market by Size

• • Up to 1”
  • >1” to 6”
  • >6” to 25”
  • >25” to 50”
  • 50’’ & Larger

Global Hybrid Valve Market by Industry

• • Oil & Gas
  • Water & Wastewater Treatment
  • Energy & Power
  • Food & Beverages
  • Chemicals
  • Building & Construction
  • Pharmaceuticals
  • Pulp & Paper
  • Metals & Mining
  • Others

Global Hybrid Valve Market by Region

• • North America Hybrid Valve Market
    Option 1: As a part of the free 25% customization
    • North America Hybrid Valve Market by Material
    • North America Hybrid Valve Market by Size
    • North America Hybrid Valve Market by Industry
    • United States of America (US) Hybrid Valve Market All-Up
    • Canada Hybrid Valve Market All-Up
  • Europe Hybrid Valve Market
    Option 2: As a part of the free 25% customization
    • Europe Hybrid Valve Market by Material
    • Europe Hybrid Valve Market by Size
    • Europe Hybrid Valve Market by Industry
    • United Kingdom (UK) Hybrid Valve Market All-Up
    • Germany All-Up Hybrid Valve Market All-Up
    • France Hybrid Valve Market All-Up
    • Spain Hybrid Valve Market All-Up
    • Rest of Europe Hybrid Valve Market All-Up
  • Asia-Pacific Hybrid Valve Market
    Option 3: As a part of the free 25% customization
    • Asia-Pacific Hybrid Valve Market by Material
    • Asia-Pacific Hybrid Valve Market by Size
    • Asia-Pacific Hybrid Valve Market by Industry
    • China Hybrid Valve Market All-Up
    • India Hybrid Valve Market All-Up
    • Japan Hybrid Valve Market All-Up
    • Rest of APAC Hybrid Valve Market All-Up
  • ROW Hybrid Valve Market
    Option 4: As a part of the free 25% customization
    • RoW Hybrid Valve Market by Material
    • RoW Hybrid Valve Market by Size
    • RoW Hybrid Valve Market by Industry
    • Brazil Hybrid Valve Market All-Up
    • South Africa Hybrid Valve Market All-Up
    • Saudi Arabia Hybrid Valve Market All-Up
    • UAE Hybrid Valve Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Hybrid Valve Market All-Up

Leading Market Players (Option 5: As a part of the free 25% customization – Profiles of 5 Additional Companies of your Choice)

• • IMI plc
  • Emerson Electric Co.
  • Trillium Flow Technologies
  • Circor International Inc.
  • Koso Parcol S.r.l.
  • Koso Kent Introl Pvt. Ltd.
  • Wuxi Smart Auto-Control Co. Ltd.
  • Chemtrols Emet Pvt. Ltd.
  • Dymet Alloys
  • Carter Process Control GmbH