Double block & bleed valves is a system that combines one or more isolation valves, that provide assistance in sealing pressure on both sides of the valves. These valves deliver adequate mechanical seal for downstream as well as upstream simultaneously, and are not affected by the fast movement or vibration of the equipment or machineries. Rise in activities in the offshore energy sector has created the need for additional features that need to be taken into consideration while designing piping systems. There are structural requirements that are also very essential, such as, keeping the structure as light as possible. The above situation has led to the concept of double block & bleed valves, which is an improvement in the patterns of valve components, while retaining the original function of the valve. Double block & bleed valves system saves extra piping requirement, reduces installation footprint, and lessens the weight in critical areas. These all save cost, time, and space.
The global double block & bleed valves market is anticipated to grow rapidly in the near future. Rapid expansion of the construction industry and increasing investment in infrastructure development are the key factors driving the global double block & bleed valves market. Additionally, superior performance in terms of cost saving, leakage points, and pressure drop are boost the demand for double block & bleed valves across the globe. Moreover, low risk associated with vibration is also anticipated to fuel the adoption of double block & bleed valves during the forecast period. Enactment of stringent regulations by governments for energy-efficient buildings in order to tackle environmental issues has prompted building owners to replace their old valve systems with double block & bleed valves, which is accelerating the growth of the market. Asia Pacific is expected to be a prominent market for double block & bleed valves during the forecast period. Growth of the double block & bleed valves market in the region can be attributed to rising investment in the real estate sector, especially in China and India. In North America and Europe, increasing adoption of advanced HVAC system and renovation and retrofitting of old buildings are expected to drive the double block & bleed valves market in the near future. However, slow adoption and replacement of double block & bleed valves in the oil & gas industry is likely to restrain the growth of the double block & bleed valves market in the next few years.
The global double block & bleed valves market can be segmented based on product type, valve type, material used, application, end-user industry, and region. In terms of product type, the market can be bifurcated into floating type and trunnion type. In terms of valve type, the global double block & bleed valves market can be segregated into ball valves, needle valves, and others. On the basis of material used, the market can be divided into stainless steel, alloys, and others. Based on application, the global double block & bleed valves market can be classified into chemical injection & isolation, pressure transmission, pressure gauges & switches, ping/instrument interfaces, and others. In terms of end-user Industry, the market can be segregated into chemical, power, oil & gas, petrochemical, and others. Based on region, the global double block & bleed valves market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Key players operating in the global double block & bleed valves market include Schneider Electric SE, Alco Valves Group, Flowserve Corporation, Vimec S.R.L., Oliver Valves Limited, Haskel, Swagelok Company, Parker Hannifin, B.F.E. R.R.L., and Walter Stauffenberg Gmbh & Co. Kg. These companies provide customized services and solutions in order to maintain a loyal customer base. Furthermore, they focus on mergers & acquisitions and new product development to grow their business.
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