Market Snapshot

Market Overview

A relatively simple and widely used globe Valve is the single seat valve. The internal components of these valves are minimal. They also have a higher shut-off capacity and are smaller than two-seat valves. They are also easier to maintain as the components of the valve can be accessed from above. According to our research, the main driver for Market growth is the increasing demand for oil and gas: global oil consumption is expected to be around 103 mb/d in 2026. This represents an increase of approximately 3 mb/d from 2019 levels. Oil demand is expected to almost double by 2025. This is increasing the demand for single seat valves as they are proving beneficial in regulating and controlling the flow of fluids in tanks and pipelines.

Key Trends in the Single Seat Valve Market

On 22 November 2022, Emerson Electric Co. announced the availability of a new Clean In Place (CIP) utility and automated report analysis package on its industrial edge controls via the PACEdge and Movicon platform Did. The programme supports the digital transformation of manual and semi-automatic systems by benchmarking against known cycles, optimising utility usage and generating automated reports. These capabilities can be used to reduce energy consumption and increase productivity in single systems or across entire facilities.

Growth Factors in the Single Seat Valve Market

According to our research, the demand for electricity in global power generation has increased by 52%. Today, 772 million people in the world still live without electricity. The world’s population is projected to grow from 8 billion today to 9.7 billion in 2050, more than 2 billion in the next 30 years and 10.4 billion in the mid-2080s. Potential to peak at more than 2 billion people Approximately 56% of the world’s population, or 4.4 billion people, live in cities. This trend is expected to continue, with the urban population more than doubling by 2050, by which time more than seven in ten people will live in cities By 2021, more than 3 terawatts of renewable energy generation capacity will be available globally. However, this is still well below the 4.4 terawatts of capacity of all fossil fuel-based energy sources. Coal remains the world’s largest source of electricity generation, followed by natural gas.

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