What is Reduction Valve Market?
Reduction valve is a regulating device which is used to reduce the air pressure to required delivery pressure. In other words the reduction valves decreases the frequently and highly unstable pressure to the adjustable constant pressure with the help of spring mechanism. It has wide range of application where there is constant use of chemicals, liquids, steam and gas for industrial purpose. The pressure reducing valve is installed in such a way that it protects diaphragm from high temperature using a condensate with spring cover at the lower half.
The market study is being classified, by Application (Steam application, Gas application and Liquid application) and major geographies with country level break-up.
Watts Water Technologies, Inc. (United States), Spirax Sarco Engineering plc. (United Kingdom), TLV (Canada), Itap Spa (Italy), Caleffi S.p.a (Italy), HAWE Hydraulik SE (Germany), Yoshitake Inc. (Japan), Genebre sa (Spain), HYDAC (Germany) and Forbes Marshall (India) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are CIRCOR International, Inc. (United States), Armstrong International Inc. (United Kingdom) and Fushiman Co., Ltd. (Japan).
The market of Reduction Valve is fragmented as it consists of major as well as emerging players. They are looking for new product launch or expansion to gain competitive advantage in upcoming years. Research Analyst at AMA predicts that Japan Manufacturers will contribute to the maximum growth of Global Reduction Valve market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Reduction Valve market by Type, Application and Region.
On the basis of geography, the market of Reduction Valve has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Benefits Such as Protections against Leakage and Ability to Bring Down the Pressure
- Growing Petroleum and Oil Industry is Fueling the Market
- Growing Usage of Pressure Reducing Valve at Fire Safety Trucks
- Opening and Closing of Valve is not prompt which May Hamper the Market
- Increasing Investments in New Refineries
- Modernization of Existing Facilities in Emerging Markets
- Presence of Major Players is increasing the Competition
Market Leaders and some development strategies
On October 2019, Caleffi has acquired Ekinex. This acquisition will help the company to enter into the Home & Building Automation, which is increasingly linked to the plumbing and heating sector.
Key Target AudienceManufacturers, Raw material suppliers, Government associations, Research organizations and Others