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The Latin America LPG Valves and Accessories industry is fragmented, with several regional companies operating on a global scale. In 2023, Emerson Electric Co., Honeywell International Inc., Cameron International Corporation (Schlumberger), Parker Hannifin Corporation, Flowserve Corporation led the market. To expand their customer base, broaden their product offerings, and establish a stronger foothold in the market, these corporations strategically deploy mergers, acquisitions, partnerships, and facility expansions. They also leverage their vast distribution networks and resources to investigate new markets.
Major players operating in the Latin America LPG Valves and Accessories industry are:
The market size of Latin America LPG valves and accessories was worth over USD 302 million in 2023 and is anticipated to register 3.6% CAGR between 2024 to 2032, owing to increasing demand for AI-integrated valves.
Latin America LPG valves and accessories industry from the cooking segment held 33% revenue share in 2023, due to increasing LPG adoption in residential and commercial kitchens.
Cameron International Corporation (Schlumberger), Cavagna Group S.p.A., Emerson Electric Co., Flowserve Corporation, and GOK Regler- und Armaturen-Gesellschaft mbH & Co. KG, among others.
Brazil LPG valves and accessories industry size held 30% revenue share in 2023 due to its extensive LPG usage across residential, commercial, and industrial sectors.