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Gas Valve Market Share
In 2023, dominant market players, including ARIS Stellantriebe GmbH, Emerson Electric Co., Danfoss A/S, Dwyer Instruments LTD, and China Yuanda Valve Group collectively held a substantial 15%-25% market share. The market is highly fragmented. These industry leaders are actively engaged in strategic initiatives such as mergers & acquisitions, facility expansions, and partnerships to broaden their product portfolios, reach a wider customer base, and strengthen their market presence. These companies continuously invest in research & development to improve their electronic products and incorporate new technologies, allowing them to stay ahead of the competition.
Gas Valve Market Companies
Major players operating in the gas valve industry include:
- ARIS Stellantriebe GmbH
- Emerson Electric Co.
- Danfoss A/S
- Dwyer Instruments LTD
- China Yuanda Valve Group
- CNNC Sufa Technology Industry
- Dalian DV Valve
- Schlumberger Limited
- Shandong Yidu Valve Group
- Flowserve Corporation
- Tyco International
- Pentair
- Watts
- Velan
- SWI Valve
- Kitz Group
- Neway
- Henan Kaifeng High Pressure Valve
Why is the use of gas valve increasing in oil & gas production sector?
In 2023, the oil & gas production segment accounted for a market share around 39%, and will continue to generate demand as gas valves regulate the flow of gas within pipelines and equipment.
How big is Gas Valve Market?
The market size for gas valve was valued at USD 6 Billion in 2023 and is anticipated to register a CAGR of over 4.5% between 2024 & 2032, driven by increasing emphasis on energy conservation and sustainability.
What is the size of Asis Pacific gas valve market?
Asia Pacific dominated the global gas valve industry, generating USD 2 Billion in 2023, attributed to the increasing interest in gas valves with the rising electrification and urbanization in the region.
Who are the major contenders in the gas valve industry?
ARIS Stellantriebe GmbH, Emerson Electric Co., Danfoss A/S , Dwyer Instruments LTD, China Yuanda Valve Group, CNNC Sufa Technology Industry, Dalian DV Valve, Schlumberger Limited, Shandong Yidu Valve Group, Flowserve Corporation, Tyco International, Pentair, Watts, Velan and SWI Valve