Global Subsea Valves Market to be Propelled by Rapid Increase in Offshore Oil and Gas

Posted January 12, 2016 by wayne31jan

Subsea Valves Market - Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2015 - 2023

According to the research report, the increase in offshore and subsea oil and gas projects is the main driving force behind the growth of the global subsea valves market. The rising demand for energy, together with rapid depletion of onshore reserves, has compelled companies functioning in the area of oil and gas exploration and production to raise capital and increase development activities in offshore reserves, fueling the demand for subsea valves in the global arena.

In-depth research report on Subsea Valves Market with Full TOC at :

On the other hand, the high cost of these valves and the stern rules and policies regarding the operation of subsea systems are hindering the growth of this market to a significant extent. However, the rising investment in deep and ultra-deep reserves in order to meet the increasing demand for energy as well as to reduce the dependence on onshore reserves is likely to propel the offshore oil and gas industry, which, in turn, is projected to boost the subsea systems market and, eventually, the demand for subsea valves over the forecast period, says the study.

The report studies the global market for subsea valves on the basis of the type of products and its regional distribution. Subsea ball valves, subsea gate valves, subsea check valves, and subsea needle valves are the main types of valves available in the market.

Subsea needle valves are employed on Christmas trees to separate downhole safety valve lines from gasket test lines. Subsea ball valves are utilized to isolate chemical and hydraulic fluids. Subsea gate valves are appropriate for high-pressure and high-temperature conditions, such as the ones found in the Gulf of Mexico and the North Sea.

The global subsea valves market has been segmented into North America, Latin America, Asia Pacific, Europe, the Middle East and Africa, and the Rest of the World in this research report. The Middle East and Africa and Latin America are anticipated to lead the worldwide subsea valves market during the forecast period, on account of the high number of new exploration and production projects on the horizon in these regions. The increasing investment in the offshore oil and gas industry in Latin America and the Middle East Africa is also expected to propel these regional markets for subsea valves in the coming years, notes the study.

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The worldwide subsea valves market is consolidated in nature. Oliver Valves Ltd., BuTech, PetrolValves, DAFRAM S.p.A., Flowserve Corp., Perar S.p.A, Cameron, Cortec LLC, and L.B. Bentley Ltd. are key players operating in this market, states the research report.

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Issued By Wayne collins
Website Subsea Valves Market
Phone 1-518-618-1030
Business Address 90 State Street, Suite 700 Albany, NY 12207
Country United States
Categories Business , Marketing , Publishing
Tags subsea valves , subsea valves market , subsea valves market share
Last Updated January 12, 2016