Hybrid Valve Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Hybrid Valve Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : October, 2020 | Technology & Media | PPT format

Report Digest


Global Hybrid Valve Market – Overview

Hybrid valves are a new type of valves that help in dampening the pulsation as well as control the back-pressure. Such type of valve are specifically designed for providing maximum efficacy and protect the metering pump systems. The global market for hybrid valve is expected to witness a stellar growth in the coming years of the forecast period. The growing end use applications segments such as chemicals industry are expected to contribute significantly in pushing forward the development of the global market.

Global Hybrid Valve Market – Notable Developments

Some of the key developments in the global hybrid valve market are given below:

  • In September 2019, IMI Plc., a leading name in the global hybrid valve market announced that the company has successfully acquired PBM Inc. This acquisition of PBM will help in bolstering the current product portfolio of IMI Plc. and will allow it reach out to new market segments. The takeover was initially announced in August 2019. PBM Inc., a specialist in manufacturing of specialty and hybrid valves has been taken over in deal worth US$85 million. The company will become a part of IMI’s Critical Engineering Division.
  • In September 2019, Emerson Electric Co. Ltd. announced the launch of their new product called Daniel 3418 Eight Path Gas Ultrasonic Flow Meter valve. This product allows the delivery of highly accurate flow measurement in its application segments.

Global Hybrid Valve Market – Drivers and Restraints

There are several macro and microeconomic factors that are influencing the overall development of the global hybrid valve market. One of the most influential driving factor for market growth has been the increasing end-user application segments. Hybrid valves are primarily used for controlling the excessive vibrations, pressure, cavitation, and noise in important industrial processes. With the rapid development of industries and growing urbanization across the globe, the global hybrid valve market is expected to witness a superior growth in the coming years of the forecast period.

Another key trend that has been observed in the global hybrid valve market is their increasing use in the oil and gas sector. These valves are increasingly used to solve the recurring corrosion problems that arise in the sector. Moreover, in recent years, the development of the oil and gas industry has been quite significant. This has especially worked in favor of the global hybrid valve market as the development in the end-use application sector has led to an increasing demand for hybrid valves.

Global Hybrid Valve Market – Geographical Outlook

The global hybrid valve market features a geographical landscape with five key regional segments. These segments are Middle East and Africa, North America, Asia Pacific, Latin America, and Europe. Currently, the global hybrid valve market has been dominated by the Asia Pacific region.  The growth of the regional segment is expected to continue to flourish over the course of the given forecast period of 2018 to 2028. There are several factors that are influencing the growth of the hybrid valve market in Asia Pacific. One of the primary driving factors is the growing demand for these hybrid valves from emerging economies such as India and China. These countries are spending heavy in the development of their domestic infrastructure with activities such as constructions, industrialization, and urbanization. This has had a direct impact on increasing demand of the hybrid valves. Thus, the growth of the regional segment is expected to touch newer heights in the near future.

The market segmentation is as follows:

Material

  • Steel
  • Tungsten Carbide
  • Duplex Nickel
  • Titanium  
  • Alloy
  • Others (Brass, Bronze, and Plastic)

Valve Size

  • Up To 1”
  • 1” to 6”
  • 6” to 25”
  • 25” to 50”
  • 50” and Larger

Industry

  • Oil & Gas
  • Energy & Power
  • Water & Wastewater
  • Building & Construction
  • Chemicals
  • Pharmaceuticals
  • Agriculture
  • Metal & Mining
  • Paper & Pulp
  • Food & Beverages
  • Others (Semiconductor, Textile, and Glass)

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?