Overview of Nuclear Valves Market Research Report – 2019
Valves are devices that regulate, direct or control the flow of a fluid (gases, liquids, fluidized solids) by opening, or partially obstructing various passageways. Valves are used in many applications throughout the industrial, commercial, and residential industries. Nuclear valves refer to the valves especially applied in nuclear power plants.
The global nuclear valves sales is estimated to reach about 1161.5 K Units by the end of 2017, which is expected to get 2048.7 K Units in 2022. Overall, the nuclear valves products performance is positive with the current environment status.
Currently, there are many producing companies in the nuclear valves industry. The main market players internationally are Velan, Emerson (including Pentair Valves & Controls, Fisher Brand and etc.), Copes-Vulcan (SPX FLOW), IMI Nuclear, Henry Pratt, Samshin, Daher-Vanatome, KSB, BNL, Babcock Valves, Vector Valves and etc. Players in China like Jiangsu Shentong Valve, Zhonghe SuFa and Neway Valve are growing fast and achieve more and more nuclear valve orders from overseas market.
There are many different types of nuclear valves. Based on construction, the market can be segmented into: Globe Valve, Ball Valve, Butterfly Valves, Gate Valves, Diaphragm Valves and etc. Globe Valve and Diaphragm Valves are the most commonly used types, with market share of 28.89% and 24.45% separately in 2016 (based on revenue).
In the past few years, the price of nuclear valves show an increasing trend and we expect the price may keep the trend in a short period. However, the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of nuclear valves. Therefore, to some extent, the companies are facing a risk of profit decline.
There are companies adding capacities and aiming at the cost and quality leadership which shall improve profitability. At the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. The total competition market for nuclear valves will become more weakened, while the market is going to be more concentrated for high end nuclear valves.
The worldwide market for Nuclear Valves is expected to grow at a CAGR of roughly 12.2% over the next five years, will reach 6980 million US$ in 2024, from 3500 million US$ in 2019, according to a new GIR (Global Info Research) study.
Market Segment by Manufacturers, this report covers :Velan, Pentair Valves & Controls, Emerson-Fisher, Copes-Vulcan (SPX FLOW), IMI Nuclear, Henry Pratt, Samshin, Metrex Valve, Daher-Vanatome, KSB, BNL, Babcock Valves, Vector Valves, Toa Valve Engineering Inc., Jiangsu Shentong Valve, Zhonghe SuFa, Neway Valve, Shanghai LiangGong, Shanghai EHO Valve, Soovalve
Market Segment by Regions, regional analysis covers :North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers : Globe Valve, Ball Valve, Butterfly Valves, Gate Valves, Diaphragm Valves, Others
Market Segment by Applications, can be divided into : Nuclear Island (NI), Convention Island (CI), Balance of Plant (BOP)
A SWOT analysis and Porter’s Five analysis have been used by analysts of the report to analyze the data effectively. Different dynamic aspects of the businesses such as drivers, challenges, risks, opportunities, and restraints have been scrutinized to get a detailed knowledge for making informed decisions in the businesses. It highlights the statistics of current ‘Nuclear Valves Market’ Report scenario, past progress as well as futuristic progress.
The study objectives of this report are:
- To study and analyze the global Nuclear Valves market size (value & volume) by company, key regions/countries, products and application, history data from 2014 to 2018, and forecast to 2024.
- To understand the structure of Nuclear Valves market by identifying its various sub-segments.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To analyze the Nuclear Valves with respect to individual growth trends, future prospects, and their contribution to the total market.
- To project the value and volume of Nuclear Valves sub-markets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
In the end, It includes the methodical description of the various factors such as the market growth and a detailed information about the different company’s revenue, growth, technological developments, production, and the various other strategic developments.
Thus the Nuclear Valves Market Report serves as a valuable material for all industry competitors and individuals having a keen interest in Nuclear Valves Market study.