Industrial Valves Market: APAC to grow at the highest rate

The industrial valves market is expected to witness high growth during the forecast period. The overall market is expected to grow from USD 67.45 Billion in 2016 to USD 84.30 Billion by 2023, at a CAGR of 3.60% between 2017 and 2023. The base year considered for the study is 2016, and the forecast period provided is between 2017 and 2023. 

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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 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).

The market covered under this report has been segmented as follows:

Industrial Valves Market, by Material Type:

• Cast Iron
• Steel
• Cryogenic
• Alloy Based
• Others (Brass, Bronze)

Industrial Valves Market, by Valve Type:

• Ball Valves
• Butterfly Valves
• Gate Valves
• Glove Valves
• Plug Valves
• Check Valves
• Diaphragm Valves
• Safety Valves

Industrial Valves Market, by Size:

• Up to 1”
• 1”–6”
• 6”–25”
• 25”–50”
• 50” and Above

Industrial Valves Market, by Industry:

• Oil & Gas
• Water & Wastewater
• Energy & Power
• Chemical
• Food & Beverages
• Pharmaceutical
• Building & Construction
• Others (Pulp & Paper and Agriculture)

Industrial Valves Market, by Region:

• North America
• Europe
• APAC
• Rest of the World (RoW)

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players on the basis of various blocks of the value chain

Industry Analysis

• Further breakdown of the industry segment, by size, by material type, and by end connection  

Size Analysis

• Further breakdown of the size segment, by material type

Geographic Analysis

• Further breakdown of the geography segment, by valve type, by size, by industry, and by material type

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