Frac Valves Market Size, Share, Growth, and Industry Analysis, By Type (Working Pressure 10,000 PSI, Working Pressure 15,000 PSI, and Others), By Application (Directional Well and Vertical Well), Regional Insights, and Forecast to 2031

Updated On: 20 November 2023

Frac Valves Market Report Overview

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The global frac valves market size is estimated to be USD 131.9 million in 2022 and is projected to touch USD 199.13 million by 2031, exhibiting a CAGR of 4.7% during the forecasting period.

A well that is about to be hydraulically fractured has a high-pressure isolation valve installed at the top of the wellhead called a frac valve. To isolate the treating apparatus from the wellbore, close the frac valve.

The sand is subsequently dried using a procedure that involves numerous valves and dampers for the sand and the exhaust air for the drying system. Smaller needs, including valves for chemical injection and continuous emissions monitoring systems, supplement the more significant process requirements. In transload facilities, rotary airlock valves are frequently used. Sand must be loaded into railcars that are connected to the plant. The sand must subsequently be removed by connecting trucks. Some facilities are built to deliver 400 trucks with sand each day.

COVID-19 Impact: Cancellation of Promotion Events to Strain Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with frac valves experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributed to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Due to lockdowns, travel restrictions, and business closures, the COVID-19 has had an impact on the businesses and industries of numerous nations. The closing of numerous plants and factories has had a detrimental influence on the production, delivery schedules, and sales of goods on the frac valves market. Only a few businesses have already warned of potential delivery delays and eventual sales declines. The COVID-19 pandemic has led to economic instability in a number of different businesses. Globally imposed strict lockdowns have caused a drop in the output of industrial valves. The demand for gasoline and jet fuel has decreased as a result of people avoiding air or ground travel due to mandatory social distance measures.

LATEST TRENDS

"Modern Solutions to Augment Markets Growth"

When valves are properly lubricated and greased—that is, with the right substance in the right place—they help prevent seizing and assist reduce operating torque. When properly applied, the grease allows the valve to seal and operate in accordance with the product's specifications. However, regular maintenance is necessary to maintain the valves functioning effectively and sealing as intended. Every 4-6 pumping stages, according to standard operating practice, maintenance should be carried out. The right lubricant should be poured into the frac valve's body to ensure uninterrupted operation and reduce the need for costly repairs. These factors are expected to drive the frac valves market growth in coming years.

Frac Valves Market Segmentation

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• By Type

The market is classified into Working Pressure 10,000 PSI, Working Pressure 15,000 PSI, and Others.

• By Application

The market is classified into Directional Well and Vertical Well.

DRIVING FACTORS

"Increased Demand from Various Applications to Promote Market Growth"

The frac valves market has been fueled by the increase in power demand across numerous end use industries, including petrochemicals, oil & gas, and power. Since valves are frequently used in pipelines, which is pushing their sales in this sector in India, the oil and gas pipeline infrastructure is seeing significant expansion in that country.

"Increasing Demand in Construction Sector to Drive Market Advancements "

The industrial and fluid power valves, hose fittings, and related trimmings are produced by businesses in the valves sector. Additional metal and plastic plumbing fittings, like faucets, flash valves, and shower heads, are also a part of this sector of the economy. There are many various types of values, including relief and safety valves, check valves, oleo-hydraulic and pneumatic transmission valves, and pressure lowering valves. Since this industry has recently been under pressure from downstream markets like construction and industrial production, the need for valves is expected to increase when these markets recover. Over the coming years, the industry will be threatened by increased competition from low-cost imports. On the plus side, the sector is expanding its exports to countries that produce oil, which will raise income.

Restraining Factors

"High Cost to Restrain the market"

Wetsand plant designers have a problem since the characteristics of the incoming sand and the proppant end usage are constantly changing. The usage of water must be coordinated with the shifting demands of production. During the wet sand separation process, valves are employed when excavating the sand. A primary vibratory screen, either horizontal or inclined, usually comes first in wet processing. Hydrated sand that has completed the screening process enters a sump and pump setup. Filter presses and thickeners are used in dewatering. For all of the pipe connections, numerous valves are necessary.

Frac Valves Market Regional Insights

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"R&D Activities to Foster Market Growth in Asia Pacific"

Asia Pacific holds the first rank in the global frac valves market share during the forecast period. This is due to the expanding manufacturing and R&D activities in numerous industries throughout the area's nations. Additionally, increasing efforts being made to ensure worker safety in sectors like oil and gas and chemicals are contributing to market expansion in the area.

North America is anticipated to have a sizable market share. The sales of these frac valves are boosted by a growth in the oil and gas sector. The pipeline construction and natural gas exploration projects are currently underway in the U.S. and will soon be finished.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage  "

Prominent frac valves market players are making collaborative efforts by collaborating with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of market Players Profiled

• Schlumberger (U.S.)
• AWC Frac Technology (U.S.)
• Bestway Oilfield (UAE)
• Jereh (China)
• Worldwide Oilfield Machine (WOM) (India)
• Moto Mecanica Argentina (MMA) (U.S.)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.