Top 6 Vendors in the Oil and Gas Storage Valves Market – Technavio

September 28, 2017

LONDON–(BUSINESS WIRE)–#OilandGas—Technavio
has announced the top six leading vendors in their recent global
oil and gas storage valves market report from 2017-2021. This
research report also lists 24 other prominent vendors that are expected
to impact the market during the forecast period.

The global oil and gas storage valves market is expected to grow
significantly during the forecast period. The slump in crude oil prices,
which began in July 2014, was the result of crude oil oversupply in the
global market, but of late the prices are recovering. Between 2014-2016,
global crude oil supply exceeded global demand at an average of 1 MBPD
of excess production. Despite the recovering prices of crude oil, which
is the result of consolidated efforts by major oil companies that
decided to cut down on production, there still remains considerable
crude oil in excess.

Competitive vendor landscape

The global oil
and gas storage valves market is fragmented with the presence of
many well-diversified players. In several developing and underdeveloped
economies, regional and local vendors dominate the market. However, as
the international players are strengthening their foothold in the market
with intense R&D and infrastructure support, regional players will find
it increasingly difficult to compete in terms of technology,
reliability, and price. The competitive environment in this market is
likely to intensify further with an increase in technological,
product/service extensions, innovations, and mergers & acquisitions.

Thanikachalam Chandrasekaran, an industry expert at Technavio for
research on oil
and gas, says, “The volatile nature of the crude oil prices can
swing the market in any direction. The oil and gas industry has seen
highs and lows of the crude oil prices, which severely impacted the
upstream oil and gas industry. The crude oil prices are expected to
stabilize in the range of USD 40-50/bbl., which will boost the expansion
programs in the downstream sector, fueling the demand for oil and gas
storage valves during the forecast period.”

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Top six oil and gas storage valves market vendors

AVK Holding

AVK Holding develops, manufactures, and markets valves, hydrants, and
accessories for various industries worldwide. It carries out its
business through three main business division: AVK Water, AVK industrial
valves, and AVK advanced manufacturing. AVK Holding offers its product
through the following segments: Water supply, wastewater, fire
protection, gas supply, industrial valves, and advanced manufacturing.

Cameron

Cameron engineers, designs, and manufactures flow and pressure control
technologies for the oil and gas industry. Cameron has numerous brands
through which it offers different types of valves used in the oil and
gas industry.

Emerson

Emerson manufactures products and provides services to a wide range of
industrial and commercial customers. It works through two business
platforms: Automation solutions, and commercial and residential
solutions. It provides valves, actuators, and regulators via its
automation solutions division.

Flowserve

Flowserve manufactures and provides services for fluid motion control
solutions to various industries globally. Flowserve offers its products
to the following industries: Power, oil and gas, chemical, water, and
general industry that includes pulp and paper, mining, steel and primary
metals, food and beverage, corn wet milling and ethanol, and other
industries.

KSB

KSB is one of the leading manufacturers of pumps, valves, and related
systems. Its products find application in water treatment, energy
conversion, water transport, mining, building services, automation,
process engineering, and solids transport. The company operates through
three segments, namely pumps, valves, and service.

Master Flo Valve

Master Flo Valve is a flow management solutions company providing its
products, solutions, and services for surface and subsea applications in
the oil and gas industry. The company manufactures choke valves, control
valves, actuators, and subsea choke valves for use in the oil and gas
industry.

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