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Trunnion Valves Market Size, Share & Trends Analysis Report By Type (Carbon Steel, Stainless Steel, Alloy Steel, Others), By Applications (Oil and Gas Industry, Chemical Industry, Steel Industry, Power Industry), Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2028

Categories: Construction and Manufacturing

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Global Trunnion Valves Market Overview:

 

The Global Trunnion Valves Market size is estimated to reach $2.1 Billion by 2026 growing at a CAGR of 3.8% over the forecast period of 2021-2026.

 

Quarter-turn trunnion ball valves are used to stop or start the flow of a medium in a pipe. The trunnion type is a design variation from the most prevalent form of ball valve, which has a "free floating" design. The ball of a trunnion ball valve attaches to the stem on one end and to a shaft called the trunnion on the other. The ball is held firmly in position as a result of this design adjustment. Because the ball is solely linked to the stem in a floating ball valve, it is called floating.

 

COVID 19 Impacts:

The COVID-19 pandemic has impacted every industry sector across the world. Stats and Reports are constantly apprehending the influence of the COVID-19 pandemic on different domains of the industry. Our research reports provide comprehensive research of COVID-19 which will guide you to understand the major growth driving as well as restraining factors. Furthermore, the Global Trunnion Valves Market research report helps you with the statistics, revised government policies, and many other useful understandings.

 

SWOT Analysis:

The report is created based on comprehensive SWOT analysis and Porter’s five force analysis tools, the strengths, weaknesses, opportunities, and combination of key companies are extensively figured out in the report. Furthermore, every single prominent player in the global market is outlined with their associated details such as product types, market overview, marketing strategies, production base, applications, and other specifications.

 

Key Takeaways from Global Trunnion Valves Market Report:

  • Evaluate market potential through analysing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level – for type, applications, and by different industry verticals.
  • Understand the different dynamics influencing the market – key driving factors, challenges, and hidden opportunities.
  • Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.
  • Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
  • Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
  • Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.

 Trunnion Valves Market

By Type, market for Stainless Steel is estimated to grow at the highest CAGR during the forecast period

Based on Nature, Global Trunnion Valves Market is segmented into Stainless Steel, Carbon Steel, Alloy Steel and Others. Stainless Steel dominated the market in 2020 and is set to be the fastest growing CAGR of 4.6% over the period 2021-2026. A key factor driving demand for stainless steel Turnnion valves at the moment is the rising demand for high-quality ball valves in the food & beverage, chemicals, pharmaceuticals, and metals & mining industries to mitigate the threat of contamination, and a similar trend is likely to be observed during the forecast period. Furthermore, rising sanitation concerns will drive demand for stainless steel valves in water and wastewater treatment plants, as longer-lasting stainless steel valves can withstand harsh temperatures, chemicals, and pressures, as well as hard water conditions, thanks to their corrosion resistance quality.

 

By Applications, market for Oil and Gas is estimated to grow at the highest CAGR during the forecast period

Oil and Gas dominated the market in 2020 and is set to be the fastest growing over the period 2021-2026 with CAGR of 4.3%. Because of the widespread use of Trunnion valves in upstream, midstream, and downstream activities. Trunnion valves help process control by regulating and placing actuators properly. They've become essential parts of operations in the offshore and onshore oil and gas end-user industries, where high pressure and corrosive environments are common on production platforms and refineries.

 

North America to account for the largest market share during the forecast period

Asia Pacific dominated the Global Trunnion Valves Market with share of 37.9% in 2020. China, India, Japan, South Korea, and the rest of APAC make up the market in APAC. The many measures implemented by regional governments to stimulate the deployment of IoT in the industrial sector in APAC are mostly responsible for the market's growth in APAC. The ball valves market in APAC is being driven by a dense population, the presence of automotive, chemicals, pharmaceuticals, oil & gas, and metals & mining sectors in the area, rising per capita income, and fast industrialization.

 

However, North America is set to be fastest growing over the forecast period 2021-2026. Increasing R&D efforts in the area relating to the usage of actuators in valves for automation, as well as the increased need for safety applications, are two key drivers driving the market in North America.

 

Market Dynamics

Driver: With the fast development of COVID-19, increased expenditures in water and wastewater treatment plants to address sanitation-related challenges is driving the market growth

In numerous nations, aged water and wastewater treatment sector infrastructure is a major source of worry. Several valves used in outdated infrastructure, notably Trunnion valves, are also on the verge of being replaced since they have outlived their usefulness. As a result, it is critical to replace such valves in order to increase performance and worker safety. As a result, growing concerns about cleanliness and increased investments in water supply and sanitation projects present considerable potential for valve manufacturers that serve the water and wastewater treatment industries.

 

Challenge: Adverse impact of key end use industries limits market growth.

Oil and gas is a crucial industry for Trunnion valves, and it has been badly impacted by the epidemic, with oil prices slashed to levels never seen before. Key oil-producing businesses are running out of storage capacity for produced crude, and demand is dwindling. As a result, there is a significant supply-demand disparity. In the impacted locations, the power demand curve shifted in March and April 2020. Residential electricity consumption was substantial; however, commercial and industrial electricity demand was essentially non-existent, with the exception of critical services. In 2020, industrial production in the energy and power industry will decrease. This in thus will limit market growth over the forecast period.

 

Key Market Players:

Key Players in Global Trunnion Valves Market consist of Fujikin, Mogas Industries, KITZ, Samuel Industries, Xiamen Fuvalve, METSO, Bonney Forge, CHAODA VALVES GROUP and SAMSON among others.

 

Report Coverage and Scope:

The report “Global Trunnion Valves Market”, by Research Informatic covers an in-depth detailed analysis for the following segment which are covered under scope.

 

By Type

  • Carbon Steel
  • Stainless Steel
  • Alloy Steel
  • Others

 

By Applications

  • Oil and Gas Industry
  • Chemical Industry
  • Steel Industry
  • Power Industry

 

Geography

  • North America
  • Europe
  • APAC
  • RoW

 

 

Global Trunnion Valves Market Growth, Trend and Forecast 2021-2028

Chapter 1 Trunnion Valves Market Overview
1.1 Product Overview and Scope of Trunnion Valves
1.2 Trunnion Valves Market Segmentation by Type
1.2.1 Global Production Market Share of Trunnion Valves by Type in 2020
1.2.1 Type 1
1.2.2 Type 2
1.2.3 Type 3
1.3 Trunnion Valves Market Segmentation by Application
1.3.1 Trunnion Valves Consumption Market Share by Application in 2020
1.3.2 Application 1
1.3.3 Application 2
1.3.4 Application 3
1.4 Trunnion Valves Market Segmentation by Regions
1.4.1 North America
1.4.2 China
1.4.3 Europe
1.4.4 Southeast Asia
1.4.5 Japan
1.4.6 India
1.5 Global Market Size (Value) of Trunnion Valves (2014-2028)

Chapter 2 Global Economic Impact on Trunnion Valves Industry
2.1 Global Macroeconomic Environment Analysis
2.1.1 Global Macroeconomic Analysis
2.1.2 Global Macroeconomic Environment Development Trend
2.2 Global Macroeconomic Environment Analysis by Regions

Chapter 3 Global Trunnion Valves Market Competition by Manufacturers
3.1 Global Trunnion Valves Production and Share by Manufacturers (2020 and 2020)
3.2 Global Trunnion Valves Revenue and Share by Manufacturers (2020 and 2020)
3.3 Global Trunnion Valves Average Price by Manufacturers (2020 and 2020)
3.4 Manufacturers Trunnion Valves Manufacturing Base Distribution, Production Area and Product Type
3.5 Trunnion Valves Market Competitive Situation and Trends
3.5.1 Trunnion Valves Market Concentration Rate
3.5.2 Trunnion Valves Market Share of Top 3 and Top 5 Manufacturers
3.5.3 Mergers & Acquisitions, Expansion

Chapter 4 Global Trunnion Valves Production, Revenue (Value) by Region (2014-2021)
4.1 Global Trunnion Valves Production by Region (2014-2021)
4.2 Global Trunnion Valves Production Market Share by Region (2014-2021)
4.3 Global Trunnion Valves Revenue (Value) and Market Share by Region (2014-2021)
4.4 Global Trunnion Valves Production, Revenue, Price and Gross Margin (2014-2021)
4.5 North America Trunnion Valves Production, Revenue, Price and Gross Margin (2014-2021)
4.6 Europe Trunnion Valves Production, Revenue, Price and Gross Margin (2014-2021)
4.7 China Trunnion Valves Production, Revenue, Price and Gross Margin (2014-2021)
4.8 Japan Trunnion Valves Production, Revenue, Price and Gross Margin (2014-2021)
4.9 Southeast Asia Trunnion Valves Production, Revenue, Price and Gross Margin (2014-2021)
4.10 India Trunnion Valves Production, Revenue, Price and Gross Margin (2014-2021)

Chapter 5 Global Trunnion Valves Supply (Production), Consumption, Export, Import by Regions (2014-2021)
5.1 Global Trunnion Valves Consumption by Regions (2014-2021)
5.2 North America Trunnion Valves Production, Consumption, Export, Import by Regions (2014-2021)
5.3 Europe Trunnion Valves Production, Consumption, Export, Import by Regions (2014-2021)
5.4 China Trunnion Valves Production, Consumption, Export, Import by Regions (2014-2021)
5.5 Japan Trunnion Valves Production, Consumption, Export, Import by Regions (2014-2021)
5.6 Southeast Asia Trunnion Valves Production, Consumption, Export, Import by Regions (2014-2021)
5.7 India Trunnion Valves Production, Consumption, Export, Import by Regions (2014-2021)

Chapter 6 Global Trunnion Valves Production, Revenue (Value), Price Trend by Type
6.1 Global Trunnion Valves Production and Market Share by Type (2014-2021)
6.2 Global Trunnion Valves Revenue and Market Share by Type (2014-2021)
6.3 Global Trunnion Valves Price by Type (2014-2021)
6.4 Global Trunnion Valves Production Growth by Type (2014-2021)

Chapter 7 Global Trunnion Valves Market Analysis by Application
7.1 Global Trunnion Valves Consumption and Market Share by Application (2014-2021)
7.2 Global Trunnion Valves Consumption Growth Rate by Application (2014-2021)
7.3 Market Drivers and Opportunities
7.3.1 Potential Applications
7.3.2 Emerging Markets/Countries

Chapter 8 Trunnion Valves Manufacturing Cost Analysis
8.1 Trunnion Valves Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Price Trend of Key Raw Materials
8.1.3 Key Suppliers of Raw Materials
8.1.4 Market Concentration Rate of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.2.1 Raw Materials
8.2.2 Labor Cost
8.2.3 Manufacturing Expenses
8.3 Manufacturing Process Analysis of Trunnion Valves

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
9.1 Trunnion Valves Industrial Chain Analysis
9.2 Upstream Raw Materials Sourcing
9.3 Raw Materials Sources of Trunnion Valves Major Manufacturers in 2020
9.4 Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders
10.1 Marketing Channel
10.1.1 Direct Marketing
10.1.2 Indirect Marketing
10.1.3 Marketing Channel Development Trend
10.2 Market Positioning
10.2.1 Pricing Strategy
10.2.2 Brand Strategy
10.2.3 Target Client
10.3 Distributors/Traders List

Chapter 11 Market Effect Factors Analysis
11.1 Technology Progress/Risk
11.1.1 Substitutes Threat
11.1.2 Technology Progress in Related Industry
11.2 Consumer Needs/Customer Preference Change
11.3 Economic/Political Environmental Change

Chapter 12 Global Trunnion Valves Market Forecast (2021-2028)
12.1 Global Trunnion Valves Production, Revenue Forecast (2021-2028)
12.2 Global Trunnion Valves Production, Consumption Forecast by Regions (2021-2028)
12.3 Global Trunnion Valves Production Forecast by Type (2021-2028)
12.4 Global Trunnion Valves Consumption Forecast by Application (2021-2028)
12.5 Trunnion Valves Price Forecast (2021-2028)

Chapter 13 Appendix

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FAQ

What is the Trunnion Valves market share?

The Global Trunnion Valves Market size is estimated to reach $2.1 Billion by 2026 growing at a CAGR of 3.8% over the forecast period of 2021-2026.

What are the key factors driving the Trunnion Valves Market?

With the fast development of COVID-19, increased expenditures in water and wastewater treatment plants to address sanitation-related challenges is driving the market growth. In numerous nations, aged water and wastewater treatment sector infrastructure is a major source of worry. Several valves used in outdated infrastructure, notably Trunnion valves, are also on the verge of being replaced since they have outlived their usefulness.

What are the top companies in the Trunnion Valves Market?

Fujikin, Mogas Industries, KITZ, Samuel Industries, Xiamen Fuvalve, METSO, Bonney Forge, CHAODA VALVES GROUP and SAMSON among others.

In which Region the market is demanding?

Asia Pacific dominated the Global Trunnion Valves Market with share of 37.9% in 2020. China, India, Japan, South Korea, and the rest of APAC make up the market in APAC.

What is Trunnion Valves?

Quarter-turn trunnion ball valves are used to stop or start the flow of a medium in a pipe. The trunnion type is a design variation from the most prevalent form of ball valve, which has a "free floating" design. The ball of a trunnion ball valve attaches to the stem on one end and to a shaft called the trunnion on the other.

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Personalize this Research

  • Market Size and Share from 2016 - 2027
  • Expected Market Growth Until 2027
  • COVID-19 Impact assessment on the market
  • Market Dynamics and Impact Analysis
  • Segment and region that will drive or lead the market growth and why
  • Industry activity comprising Mergers, Acquisitions, Expansion, etc.
  • Comprehensive Mapping of the Competitive Landscape
  • In-depth analysis of key sustainability strategies adopted by market players
  • Global and regional market trends – Current and Future
  • Value Chain Analysis
  • Porters Five Forces Analysis
  • Historical and Current Product Pricing
  • Country Cross-Segment Analysis
  • Company Profiling
  • Player Comparison Matrix

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Trunnion Valves Market Size, Share & Trends Analys...

RD Code : MC22