Pigging Valves Market
Pigging Valves Market Global Industry Assessment & Forecast
- By Type Bypass Pigging Valve, Shut-off Pigging Valve
- By Application Oil and Gas Industries, Mining & Energy Industry, Chemical Industry, Water Treatment Industry, Food-processing industries, Others
|Forecast Years:||2022 - 2028|
|Historical Years:||2016 - 2021|
|Revenue 2021:||3520 Million|
|Revenue 2028:||7169.75 Million|
|Revenue CAGR (2022 - 2028):||9.3|
|Fastest Growing Region (2022 - 2028)||North America|
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
The global Pigging Valves market was valued at USD 3520 Million in 2020 and is projected to reach USD 7169.75 Million by 2028, growing at a CAGR of 9.3% from 2021 to 2028.
|Historical Data (Actual Data)||2016-2020|
|Base Year Data||2020|
|Current Year Date||2021|
|Projected year data||2021-2028|
|Annual Market Size (2028)||7169.75 Million|
|Annual Market Size (2021)|
|CAGR (2021 - 2028)||9.3%|
Overview and Description
Pig valves are implemented within the oil and gas industry. They are used widely on oil and gas pipelines completely. They present an effective way to launch and retrieve pigs in the oil and gas industry, water processing facilities, or wherever critical pipelines need to be maintained.
The global Pigging Valves market is segmented based on products, applications, regions, and countries. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. All the segments have been analyzed based on present and future trends. The research study provides complete assessment of the market on the basis of competition, drivers, restraints, opportunities, trends, and industry-authenticated data. The market is estimated from 2016 to 2020 with forecast from 2021 to 2028.
COVID-19 Impact Analysis
COVID-19 pandemic led to government of numerous countries across the globe to impose strict lockdown restrictions during the preliminary stages. In 2021, numerous countries faced the adverse effects of the pandemic due to the outbreak of second wave, which also led governments to again impose lockdown measures. Business shutdowns, partial business operations, and travel restrictions have led to challenges in supply chain and in turn production. However, it is expected that reopening of trade activities, the market will witness steady growth in the demand in the coming years. Impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.
The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:
o Impact Assessment of COVID-19 Pandemic
o Pre & Post COVID-19 Market Size
o Qualitative analysis on the short term & long term impact of COVID-19 on the market
o The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.
The increasing modernization of existing infrastructure along with growing investments in oil exploration activities and refineries is anticipated to augment the growth of the market over the forecast period.
Furthermore, the increasing import and export of crude oil between various economies is also expected to fuel the growth of the pigging valves market in the years to come.
The lack of comprehensive study for feasible operations is expected to hamper the growth of the pigging valves market over the forecast period.
Global Pigging Valves Market Report Scope
|Market Size Provided for Years||2016-2028|
|Market Size Provided In Terms Of||Revenue & Volume|
|Segments Covered||Type, Application|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Countries Covered||The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Companies Covered||Camtech Manufacturing, Frontier Valve, Master Flo Valve, PBM Valve, Jag Valves, JAG flocomponents USA Inc., Argus Machine Co. Ltd., Pipetech, Tiger Valve, Hartmann Valves.|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis|
Global Pigging Valves Market: Type Segment Analysis
- Bypass Pigging Valve
- Shut-off Pigging Valve
Global Pigging Valves Market: Application Segment Analysis
- Oil and Gas Industries
- Mining & Energy Industry
- Chemical Industry
- Water Treatment Industry
- Food-processing industries
Regional Analysis: Preview
Based on region, the global Pigging Valves market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region led the market with the largest share in 2020. Some of the key countries contributing to the surge in the market are the U.S., U.K., Germany, France, China, India, Japan, and South Korea.
The market comprises of numerous small, medium, and large sized players spread across various geographies. Some of the main competitors in the global Pigging Valves market are Camtech Manufacturing, Frontier Valve, Master Flo Valve, PBM Valve, Jag Valves, JAG flocomponents USA Inc., Argus Machine Co. Ltd., Pipetech, Tiger Valve, Hartmann Valves.. The report covers company market share analysis which gives a comprehensive overview of the main competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.
Market Size, 2021 (USD Billion)
Global Pigging Valves Market: Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
Key Highlights – Global Pigging Valves Market
- Global Pigging Valves Market is projected to reach USD 7169.75 Million by 2028
- North America held the highest share of the Pigging Valves market
- Single Function held the largest share of the product segment in the Pigging Valves market
- Marine Industry held the major share of the application segment in the Pigging Valves market
Frequently Asked Question
The global Pigging Valves valued at 3520 Million in 2020 and is expected to reach 7169.75 Million in 2028 growing at a CAGR of 9.3%.
The prominent players in the market are Camtech Manufacturing, Frontier Valve, Master Flo Valve, PBM Valve, Jag Valves, JAG flocomponents USA Inc., Argus Machine Co. Ltd., Pipetech, Tiger Valve, Hartmann Valves..
The market is project to grow at a CAGR of 9.3% between 2021 and 2028.
The driving factors of the Pigging Valves include
- The increasing modernization of existing infrastructure along with growing investments in oil exploration activities and refineries is anticipated to augment the growth of the market over the forecast period.
- Furthermore, the increasing import and export of crude oil between various economies is also expected to fuel the growth of the pigging valves market in the years to come.
North America was the leading regional segment of the Pigging Valves in 2020.