ARC‘s latest research on Severe Service Valves (SSVs) indicates that digitalization in the process industries is propelling market growth. Digitalization shows end users how condition monitoring and predictive analytics can reduce unplanned downtime and save costs. End users are demanding more information about valve performance and health and want this information to be easier and more intuitive to access. This is leading to increased investments in digital positioners, which provide end users with a window into the health of the valve and the process itself. With more sensors, more automation, more visuals, and lots more data, digitalization will define the factory of the future. This shift will boost demand for SSVs and intelligent remote monitoring systems in both new and retrofit projects, marking the transition to smart, resilient operations.
"Governments around the world are enforcing strict regulations to limit fugitive emissions from process industries with an increasing emphasis toward climate change. As global focus on carbon capture intensifies, the functionality of valves will continue to advance through innovations in materials, design, and control technologies. Integrating valves within carbon capture systems enhances both operational efficiency and safety, serving as a key element in the pursuit of a low-carbon future. The rise in LNG demand, essential for global energy security and a cleaner transition, is leading to the construction of larger liquefaction trains. Producers need to demonstrate strong sustainability, especially in valve technology, which will face intense scrutiny as valves are major sources of fugitive emissions. Crucial in LNG and gas processing, cryogenic valves manage the safe handling of cryogenic fluids by controlling flow, temperature, and pressures from liquefaction to distribution. As clean energy becomes more crucial, these valves will play an increasingly vital role in the energy infrastructure,” according to David Clayton, Research Director and key author of ARC's Severe Service Valves Market Research.
Severe Service Valves Market Trends
In addition to providing detailed competitive market share data, the research also addresses key market trends as follows:
- Industrial 5G
- Adoption of Industrial IoT
- Operations to Adjust to the Dynamics in the Oil & Gas Sector
- Digital Positioners
- Plant Safety and Reliability
Leading Suppliers to the Severe Service Valves Market Identified
In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: Baker Hughes, Circor International, Emerson Automation Solutions, Flowserve, IMI Process Automation.
About the Severe Service Valves Research
The Severe Service Valves research explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, five-year market forecasts, and eight years of historical analysis. The research segmentation includes World Region, Component, Revenue Category, Industry, Control Type, Valve Body Type, Valve Application, Pressure Type, Trim Type, Customer Type, Sales Channel.
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