Emergency Shutdown Valves – Global Market Outlook (2019-2023)

Emergency Shutdown Valves

According to Research for Markets, the Global Emergency Shutdown Valves Market is accounted for $205.19 million in 2016 and is expected to reach $275.95 million by 2023 growing at a CAGR of 4.3% during the forecast period. Factors such as rising awareness to enhance performance of emergency shutdown systems, growing usage of remote shutdown valves and increase in usage of emergency shutdown valves in actuators are fueling market the market growth. However, fluctuating raw material prices is one of the major restraint creating a hurdle in the market.

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Based on end user, oil and gas segment is a most important end user industry in the market owing to the growing number of vehicles in Asia Pacific region which in turn will boost the demand for fuel.

By geography, the key industries in Middle East regions are chemicals, oil & gas and food & beverage industries. In Middle East, emerging countries such as Iran and Saudi Arabian are taking efforts to sustain their global volume market share by focusing on the production of oil.

Some of the key players in this market include Mogas Industries, Inc., Dervos Valve, The PFF Group, Pekos Valves, Rico, Metso, AMOT Company , Accord, MIR Valve, Winn-Marion, J Flow Controls, General Electric, Cameron, Emerson and Flowserve.

End Users Covered:
• Pharmaceutical industry
• Water and wastewater
• Oil and gas
• Chemical and Petrochemical
• Power Industry
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o U.K.
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

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