Global Industrial Valves Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global industrial valves market in its upcoming report titled, “Global Industrial Valves Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global industrial valves market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global industrial valves market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global industrial valves market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global industrial valves market report has been segmented on the basis of product type, material type, and region.
Industrial valve is a device that regulates, directs, or controls flow of a fluid such as gases, liquids, fluidized solids, or slurries. Valves regulate flow or pressure downstream and operate on sophisticated automation systems. Valves operated manually, either by handle, lever, pedal, or wheel. Also, valves are operated automatically, driven by changes in pressure, temperature, or flow. Industrial valves are classified into five types such as hydraulic, pneumatic, manual, solenoid valve, and motor. Industrial valves are made of stainless steel, titanium, hastelloy, stellite, nickel, or brass. Also, valves can be made of different types of plastics such as acrylonitrile butadiene styrene (ABS), polyvinyl chloride (PVC), polypropylene (PP), or polyvinylidene difluoride (PVDF).
Growing demand of industrial valves in end-use industries such as oil & gas, chemical, and power is a key factor driving growth of the global industrial valves market over the forecast period. Additionally, rising offshore oil & gas projects across the globe, and government initiatives for replacing old water pipelines in developing countries are other factors expected to boost growth of the global industrial valves market over the forecast period.
However, high fabrication cost associated is a key factor restraining growth of the global industrial valves market. In addition, intensified competition among competitors, and fluctuating crude oil prices which makes the project economically unstable is expected to hamper growth of the global industrial valves market over the forecast period.
Introduction of remote valves using industrial internet of things (IIoT) which improves operating performance and also reduces unplanned downtime of valves is expected to support growth of the global industrial valves market over the forecast period.
Asia Pacific market accounts for largest market share in terms of revenue as compared to that of the markets in other regions. This can be attributed to improvement in water infrastructure and increasing demand from mining and chemical industry in emerging economies in the region. The market in North America and Europe projected to witness fastest growth in the global industrial valve market over the forecast period.
Global Industrial Valves Market Segmentation:
Global industrial valves market segmentation by product type:
- Ball Valves
- Butterfly Valves
- Gate Valves
- Glove Valves
- Plug Valves
- Check Valves
Global industrial valves market segmentation by material type:
- Alloy Based
- Cast Iron
Global industrial valves market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- AVK Holding A/S
- Emerson Electric Co.
- Flowserve Corporation
- Forbes Marshall Private Limited
- IMI Plc.
- KITZ Corporation
- Metso Corporation
- Neway Valve (Suzhou) Co., Ltd.
- Velan Inc.
- Spirax-Sarco Inc.
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