MARKET OVERVIEW
The demand for switchable valves is gaining traction with the increasing sales of automobiles. Switchable valves are attached to the inside of air spring. It serves to adjust the air spring load by connecting or disconnecting two chambers according to the valve operation. Switch valves are also used in operations control and regulate multiple pipe routes heading to different reception points. The constant need for valve replacement and positive growth of refineries and petrochemical plants are foreseen to bring significant opportunities for the market players in the future.
MARKET SCOPE
The "Global Switchable Valves Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the switchable valves market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading switchable valves market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global switchable valves market is segmented into horizontal valves and vertical valves.
- On the basis of application, the market is segmented into machinery and equipment, automotive and others.
MARKET DYNAMICS
Drivers:
- The switchable valves market is anticipated to grow in the forecast period owing to high demand from the automotive industry.
- Also, these valves find extensive applications in the manufacturing of machinery and other equipment.
- Rapid industrialization in developing nations is expected to influence the market growth in the coming years positively.
Restraints:
- The sluggish growth of the automotive sector may negatively influence the growth of the switchable valves market during the forecast period.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The switchable valves market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the switchable valves market in these regions.
IMPACT OF COVID-19 ON SWITCHABLE VALVES MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The switchable valves market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the switchable valves market in these regions.
IMPACT OF COVID-19 ON SWITCHABLE VALVES MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the switchable valves market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from switchable valves market are anticipated to lucrative growth opportunities in the future with the rising demand for switchable valves in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the switchable valves market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Eaton Corporation
- Emerson Electric Co.
- INFAC Corporation
- Kawasaki Heavy Industries, Ltd.
- KITZ Corporation
- Schaeffler Group
- Schlumberger Limited
- The Weir Group PLC
- ValvTechnologies
- Walvoil S.p.A.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Switchable Valves Market - By Type
1.3.2Switchable Valves Market - By Application
1.3.3Switchable Valves Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.SWITCHABLE VALVES MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTER'S FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.SWITCHABLE VALVES MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.SWITCHABLE VALVES MARKET - GLOBAL MARKET ANALYSIS
6.1.SWITCHABLE VALVES - GLOBAL MARKET OVERVIEW
6.2.SWITCHABLE VALVES - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.SWITCHABLE VALVES MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.HORIZONTAL VALVES
7.3.1.Overview
7.3.2.Horizontal Valves Market Forecast and Analysis
7.4.VERTICAL VALVES
7.4.1.Overview
7.4.2.Vertical Valves Market Forecast and Analysis
8.SWITCHABLE VALVES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1.OVERVIEW
8.2.APPLICATION MARKET FORECASTS AND ANALYSIS
8.3.MACHINERY AND EQUIPMENT
8.3.1.Overview
8.3.2.Machinery and Equipment Market Forecast and Analysis
8.4.AUTOMOTIVE
8.4.1.Overview
8.4.2.Automotive Market Forecast and Analysis
8.5.OTHERS
8.5.1.Overview
8.5.2.Others Market Forecast and Analysis
9.SWITCHABLE VALVES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Switchable Valves Market Overview
9.1.2North America Switchable Valves Market Forecasts and Analysis
9.1.3North America Switchable Valves Market Forecasts and Analysis - By Type
9.1.4North America Switchable Valves Market Forecasts and Analysis - By Application
9.1.5North America Switchable Valves Market Forecasts and Analysis - By Countries
9.1.5.1United States Switchable Valves Market
9.1.5.1.1United States Switchable Valves Market by Type
9.1.5.1.2United States Switchable Valves Market by Application
9.1.5.2Canada Switchable Valves Market
9.1.5.2.1Canada Switchable Valves Market by Type
9.1.5.2.2Canada Switchable Valves Market by Application
9.1.5.3Mexico Switchable Valves Market
9.1.5.3.1Mexico Switchable Valves Market by Type
9.1.5.3.2Mexico Switchable Valves Market by Application
9.2.EUROPE
9.2.1Europe Switchable Valves Market Overview
9.2.2Europe Switchable Valves Market Forecasts and Analysis
9.2.3Europe Switchable Valves Market Forecasts and Analysis - By Type
9.2.4Europe Switchable Valves Market Forecasts and Analysis - By Application
9.2.5Europe Switchable Valves Market Forecasts and Analysis - By Countries
9.2.5.1Germany Switchable Valves Market
9.2.5.1.1Germany Switchable Valves Market by Type
9.2.5.1.2Germany Switchable Valves Market by Application
9.2.5.2France Switchable Valves Market
9.2.5.2.1France Switchable Valves Market by Type
9.2.5.2.2France Switchable Valves Market by Application
9.2.5.3Italy Switchable Valves Market
9.2.5.3.1Italy Switchable Valves Market by Type
9.2.5.3.2Italy Switchable Valves Market by Application
9.2.5.4United Kingdom Switchable Valves Market
9.2.5.4.1United Kingdom Switchable Valves Market by Type
9.2.5.4.2United Kingdom Switchable Valves Market by Application
9.2.5.5Russia Switchable Valves Market
9.2.5.5.1Russia Switchable Valves Market by Type
9.2.5.5.2Russia Switchable Valves Market by Application
9.2.5.6Rest of Europe Switchable Valves Market
9.2.5.6.1Rest of Europe Switchable Valves Market by Type
9.2.5.6.2Rest of Europe Switchable Valves Market by Application
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Switchable Valves Market Overview
9.3.2Asia-Pacific Switchable Valves Market Forecasts and Analysis
9.3.3Asia-Pacific Switchable Valves Market Forecasts and Analysis - By Type
9.3.4Asia-Pacific Switchable Valves Market Forecasts and Analysis - By Application
9.3.5Asia-Pacific Switchable Valves Market Forecasts and Analysis - By Countries
9.3.5.1Australia Switchable Valves Market
9.3.5.1.1Australia Switchable Valves Market by Type
9.3.5.1.2Australia Switchable Valves Market by Application
9.3.5.2China Switchable Valves Market
9.3.5.2.1China Switchable Valves Market by Type
9.3.5.2.2China Switchable Valves Market by Application
9.3.5.3India Switchable Valves Market
9.3.5.3.1India Switchable Valves Market by Type
9.3.5.3.2India Switchable Valves Market by Application
9.3.5.4Japan Switchable Valves Market
9.3.5.4.1Japan Switchable Valves Market by Type
9.3.5.4.2Japan Switchable Valves Market by Application
9.3.5.5South Korea Switchable Valves Market
9.3.5.5.1South Korea Switchable Valves Market by Type
9.3.5.5.2South Korea Switchable Valves Market by Application
9.3.5.6Rest of Asia-Pacific Switchable Valves Market
9.3.5.6.1Rest of Asia-Pacific Switchable Valves Market by Type
9.3.5.6.2Rest of Asia-Pacific Switchable Valves Market by Application
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Switchable Valves Market Overview
9.4.2Middle East and Africa Switchable Valves Market Forecasts and Analysis
9.4.3Middle East and Africa Switchable Valves Market Forecasts and Analysis - By Type
9.4.4Middle East and Africa Switchable Valves Market Forecasts and Analysis - By Application
9.4.5Middle East and Africa Switchable Valves Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Switchable Valves Market
9.4.5.1.1South Africa Switchable Valves Market by Type
9.4.5.1.2South Africa Switchable Valves Market by Application
9.4.5.2Saudi Arabia Switchable Valves Market
9.4.5.2.1Saudi Arabia Switchable Valves Market by Type
9.4.5.2.2Saudi Arabia Switchable Valves Market by Application
9.4.5.3U.A.E Switchable Valves Market
9.4.5.3.1U.A.E Switchable Valves Market by Type
9.4.5.3.2U.A.E Switchable Valves Market by Application
9.4.5.4Rest of Middle East and Africa Switchable Valves Market
9.4.5.4.1Rest of Middle East and Africa Switchable Valves Market by Type
9.4.5.4.2Rest of Middle East and Africa Switchable Valves Market by Application
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Switchable Valves Market Overview
9.5.2South and Central America Switchable Valves Market Forecasts and Analysis
9.5.3South and Central America Switchable Valves Market Forecasts and Analysis - By Type
9.5.4South and Central America Switchable Valves Market Forecasts and Analysis - By Application
9.5.5South and Central America Switchable Valves Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Switchable Valves Market
9.5.5.1.1Brazil Switchable Valves Market by Type
9.5.5.1.2Brazil Switchable Valves Market by Application
9.5.5.2Argentina Switchable Valves Market
9.5.5.2.1Argentina Switchable Valves Market by Type
9.5.5.2.2Argentina Switchable Valves Market by Application
9.5.5.3Rest of South and Central America Switchable Valves Market
9.5.5.3.1Rest of South and Central America Switchable Valves Market by Type
9.5.5.3.2Rest of South and Central America Switchable Valves Market by Application
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.SWITCHABLE VALVES MARKET, KEY COMPANY PROFILES
11.1.EATON CORPORATION
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.EMERSON ELECTRIC CO.
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.INFAC CORPORATION
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.KAWASAKI HEAVY INDUSTRIES, LTD.
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.KITZ CORPORATION
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.SCHAEFFLER GROUP
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.SCHLUMBERGER LIMITED
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.THE WEIR GROUP PLC
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.VALVTECHNOLOGIES
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.WALVOIL S.P.A.
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
The List of Companies
1.Eaton Corporation
2.Emerson Electric Co.
3.INFAC Corporation
4.Kawasaki Heavy Industries, Ltd.
5.KITZ Corporation
6.Schaeffler Group
7.Schlumberger Limited
8.The Weir Group PLC
9.ValvTechnologies
10.Walvoil S.p.A.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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