According to the new market research report on the "Industrial Valves Market
by Material Type (Cast Iron, Steel, Cryogenic, Alloy Based), Size,
Valve Type (Ball, Butterfly, Gate, Globe, Check, Plug), Industry (Oil
& Gas, Water & Wastewater, Energy & Power), and Geography -
Global Forecast to 2023", this market is expected to be valued
at USD 84.30 Billion by 2023, at a CAGR of 3.60% between 2017 and 2023.
The major factors driving the growth of the industrial valves market
include growing demand of valves from oil & gas production-related
facilities in the GCC countries, rising demand for energy in APAC, and
increasing focus on smart cities in developing nations.
• Download PDF Brochure:-https://www.marketsandmarkets.com/pdfdownload.asp?id=256097136
The objective of the report is to provide a detailed analysis of the market based on material type, valve type, size, industry, and region; information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges); and a detailed value chain analysis. Moreover, the objective of this report is to strategically profile the key players and competitive landscape for market players, and provide information on product launches, acquisitions, partnerships, agreements, contracts, and collaborations in the industrial valves market.
The objective of the report is to provide a detailed analysis of the market based on material type, valve type, size, industry, and region; information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges); and a detailed value chain analysis. Moreover, the objective of this report is to strategically profile the key players and competitive landscape for market players, and provide information on product launches, acquisitions, partnerships, agreements, contracts, and collaborations in the industrial valves market.
Steel valves expected to hold the largest market size by 2023
Stainless steel valves are likely to propel the
industrial valves market growth. As a result, steel is the key
contributing material in the industrial valves market during the
forecast period. In the landscape of industrial valves market, various
industry players offer steel valves for industries such as oil &
gas, chemical, water & wastewater, and many others.
The market for the energy & power industry to grow at the highest rate during the forecast period
The industrial valves market for the energy &
power industry is likely to grow at the highest rate during the forecast
period. This is mainly because of the increasing energy & power
need from developing economies and increasing power generation plants
across the globe.
Globe and ball valves to hold a larger share of the industrial valves market by 2023
Globe and ball valves are expected to contribute
significantly in industrial valves market owing to the increasing demand
from industries such as, oil & gas, energy & power, chemical
and water & wastewater. Additionally, being one of the reliable
valve types, these two industrial valves are likely to be used in
nuclear power plants.
The industrial valves market in APAC to grow at the highest rate
The market in APAC is expected to grow at the highest
CAGR during the forecast period. The high growth can be attributed to
the increasing demand from the oil & gas, chemical, and water &
wastewater industries. Developing economies such as China and India hold
significant position in the chemical processing industry. Demand
generated from chemical, oil & gas, and water & wastewater is
likely to spearhead the growth rate of APAC in the industrial valves
market.
The report also profiles the most promising players
in this market. The competitive landscape of the market presents an
interesting picture where a large number of players have become a force
to reckon with. The key players in this market are AVK Holding
(Denmark), Avcon Controls Private Limited (India), Cameron –
Schlumberger (US), Crane Co. (US), Emerson (US), Flowserve (US), Forbes
Marshall (India), IMI Plc. (UK), Metso (Europe), Neway Valves (China),
Velan Inc. (Canada), Samson AG (Germany), Spirax Sarco (UK), and The
Weir Group Plc. (UK).
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