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.
Europe is the biggest production areas for nuclear valves, taking about 26.34% market share in 2016 (based on revenue). North America followed the second, with about 24.85% market share in 2016 (based on revenue). In Consumption market, sales of nuclear valve in China will increases to 385.2 K Units in 2017 from 124.5 K Units in 2012, which is the biggest consumption area in current market pattern. Europe ranks the second largest consumption area, with sales volume and market share of 164.7 K Units and 18.13% in 2016.
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 Nuclear Valves Market report analyses the impact of COVID-19 on this industry. COVID-19 can affect the global market in 3 ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on enterprises and financial markets.
The report offers detailed coverage of Nuclear Valves industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Nuclear Valves by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
The report forecast global Nuclear Valves market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2027.
First, this report covers the present status and the future prospects of the global Nuclear Valves market for 2015-2027.
Nuclear Valves Market by Type
Globe Valve
Ball Valve
Butterfly Valves
Gate Valves
Diaphragm Valves
At the same time, we classify Nuclear Valves according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
The report conveys the entirety of current realities about market definition, orders, applications, and commitment for the Nuclear Valves market that are basic to be victorious inside the market. The principle motivation behind this report is to give a development map with respect to the activities taken by central participants of the Nuclear Valves market like item dispatches, joint endeavors, propensities, consolidations, and acquisitions which is influencing the Nuclear Valves market undertaking in general and furthermore influencing the business, import, fare, income and CAGR values.
Regional Analysis
North America, Latin America, Asia-Pacific countries, Europe, India, China, and over twenty countries have been analyzed based on the different marketing elements such as manufacturing capacity, consumer base, productivity, and profit margin, and ease of business. It is observed that North America, in particular, will show impressive development during the estimated time frame in marketing development. Administration organizations and outsider managers are channelizing their efforts to make client-driven items that will add to the development of an efficient marketing scenario in these regions. As the significant parts of the market business would be all around the globe, Middle East, Africa, North America along with other Asia-Pacific nations shows a great prospect of developing a good market favorable environment.
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Nuclear Valves market for the forecast period 2021 - 2027?
• What are the driving forces in the Nuclear Valves market for the forecast period 2021 - 2027?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Nuclear Valves industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?
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