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North American valves for upstream oil and gas market: Increased activity in oil and gas exploration driving growth in control valves market
Analysis of North American Valves for Upstream Oil and Gas Applications - a new market research report on 2014-03-12 10:05:03
Both Canada and the United States are heavily investing in natural gas exploration and production activites due to its low price and reduced emissions. Demand from all the end-use sectors in the United States and Canada is driving an all-time high in growth for oil and gas upstream segments.

Both the control valves market and quarter turn valves market are forecast to report strong growth. Control valves are inherently higher priced than the low cost quarter turn valves although the volume of control valves required is less.

In 2013, other key end-user sectors such as petrochemicals, chemicals and power generation will also recover due to the expanding upstream segment of oil and gas. A significant number of projects were placed on hold in 2009 although due to high energy prices and demand over more recent years, these projects were commenced.

The valves sector is not expecting any major technical changes in the near future and so companies are investing in research and development to compete with the low cost imports from Asian manufacturers.

The North American valves market within the oil and gas sector is forecast to expand mainly due to the replacement of old, worn out valves in combination with the increase investment in the oil and gas industry in terms of exploration and production.

A valve is defined in this study as a device that regulates, controls and directs the flow of fluid-like liquids, gases, fluidized solids and slurries. This is done by opening, partially obstructing, or closing the passageways. This study examines quarter turn valves, self-acting valves, and control valves.

A Quarter Turn valve is a valve that operates by turning the handle 90 degrees between the operating positions. They are quick opening/closure valves. This particular study covers choke valves; Quarter Turn Valves; Self-acting Valves and Control Valves. Self-acting valves are controlled automatically due to the flow rate of fluid flowing through them. In this is particular study, we are covering dump valves. Control valves are valves that regulate the flow of fluid in them depending on the signal they receive from an external source.

The end users considered for revenue calculation are defined as follows:

This industry includes companies involved in the exploration and production of oil and gas, including all processes conducted at or before the wellhead. This can include prospecting, drilling, and recovery of conventional and unconventional oil and gas reserves.

This research service identifies the major industry challenges including: market drivers and restraints, and key trends in technology, pricing, and distribution for the North American valves in upstream oil and gas applications market.

Moreover, this research provides comprehensive forecasts for the total market, across the three products segments: Quarter-turn, self-acting, and control valves, as well as forecasts for one major end-user segment: upstream oil and gas. Also included are a competitive analysis and Mega Trends analysis that relate to the market. The regions covered in this study include the United States and Canada. The base year is 2012, and the forecasts run through 2019.Key questions the report will answer:

Is the valves market in upstream oil and gas growing, how long will it continue to grow, and at what rate?
Who are the main competitors in the North American valves market in upstream oil and gas applications?
What are the qualitative and quantitative trends affecting the valves market in upstream oil and gas applications?
How will the structure of the market change with time? Is it ripe for acquisitions/mergers?
Are the products/services offered today meeting customer needs or is additional development needed?
What are the dynamics of this mature market and how will it evolve during the coming years?

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