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In terms of production side, this report researches the Valves for Power capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.
In terms of consumption side, this report focuses on the consumption of Valves for Power by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc.
Valves are devices that are used to control, direct, and regulate the flow and pressure of gases, liquids, and fluidized solids.These valves can be operated electrically, pneumatically, and hydraulically.
This industry research report identifies the increase in number of combined cycle gas turbine (CCGT) power plants to be one of the major factors that will have a positive impact on the growth of this market in the coming years. Coal is the most commonly used fuel for power production. Though coal power plants are preferred over other power plants due to the cost factor, the increasing focus of governments and environmentalists in reducing the emission of greenhouse gases, has resulted in the rise in number of natural gas-based power plants. The increased production of natural gas, the decrease in its prices, and stringent emission norms implemented in several developed countries, will compel the power sector to transition from fossil fuel power generation to CCGT technology that also has benefits such as less emission of CO2, NOx, and SO₂ when compared to coal-powered plants. Since gas turbines use valves in several applications including fuel control, false start drain, intel guide vane actuation, air purge control, and reverse flow prevention, the expected increase in the number of CCGT gas turbines in the coming years, will drive the growth of this market.
The Valves for Power market was valued at xx Million US$ in 2017 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Valves for Power.
This report includes the following manufacturers; we can also add the other companies as you want.
IMI Critical Engineering
Watts Water Technologies
Market Segment by Product Type
Market Segment by Application
Ower Transmission Station
Key Regions split in this report:
Central & South America
Rest of Central & South America
Middle East & Africa
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