The global double block & bleed valves market is estimated to grow at a CAGR of xx% during the forecast period 2018-2025. Double block & bleed valves are used in oil & gas, power generation, petrochemical, water treatment, and other industries to maintain a zero leakage system. The double block & bleed valves have two separate shut-off valves and one bleeding valve in-between them to provide a zero leakage system.
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In the oil & gas industry, double block & bleed valves are used in upstream, midstream, and downstream processes. These valves are used in the production, transportation, and storage of oil & gas. It is used to control the flow of the fluid, check the pressure and temperature, and reduce the risk of explosion in the pipelines. The power industry is using double block & bleed valves for the safe and efficient operation of the power plants. The valves are used to control the flow of steam, water, and other fluids in the turbines and generators.
The petrochemical industry is using double block & bleed valves for the production of petrochemicals like ethylene, propylene, styrene, and butadiene. These valves are used to control the flow of petrochemicals such as crude oil, natural gas, and other chemicals. The water treatment industry is using double block & bleed valves to maintain the pressure and temperature of the water and reduce the risk of contamination.
The major drivers for the double block & bleed valves market are the rising demand for energy and the increasing investments in the oil & gas and power industries. The tightening of the regulations for safety and environmental concerns is also driving the demand for double block & bleed valves. The rising demand from the emerging markets like China, India, and Brazil is also expected to boost the market growth.
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The major players in the double block & bleed valves market are Flowserve, Emerson Electric, Cameron International, Tyco Valves, Velan, Kitz Corporation, Crane, ITT Corporation, and Walworth. These companies are focusing on product innovation, strategic collaborations, and mergers & acquisitions to increase their market share.
In conclusion, the global double block & bleed valves market is expected to witness steady growth during the forecast period due to the increasing demand from the oil & gas and power industries. The rising investments in the emerging markets are also driving the market growth. The major players in the market are focusing on product innovation and strategic collaborations to increase their market share.