Global Industrial Valves Market By Material Type (Steel, Cast Iron, Alloy Based, Cryogenic, Others), By Valve Type, By End-user, By Geography – Industry Trends and Forecast to 2024
Global Industrial Valves Market accounted to USD 67.8 billion in 2016 growing at a CAGR of 3.8% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Major Market Drivers and Restraints:
- Growing Demand in Oil & Gas Production
- High Demand for Energy in APAC
- Focus on Smart Cities in Emerging Economies Such as China and India
- Rising Demand for Automation
- Lack of Standardization in Certifications and Policies
- Slowdown in Oil & Gas and Mining Industries
- Downtime Due to Repairing of Valves
The global market is segmented on the basis of material type, valve type, end-user and geography.
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On the basis of material type the industrial valves market is segmented into Steel, Cast Iron, Alloy Based, Cryogenic, Others.The alloy based market is expected to grow in the forecasted period.
On the basis of valve type the industrial valves market is segmented into Ball, Butterfly, Gate, Globe, Plug, Diaphragm, and Safety. The gate market is expected to grow in the forecasted period.
On the basis of end-user the industrial valves market is segmented into Oil & Gas, Water & Wastewater, Energy & Power, Chemical, Food & Beverages, Pharmaceutical, Building and Construction, Others. The Oil & gas market is expected to grow in the forecasted period.
On the basis of geography, industrial valves market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
In 2017, North America is expected to dominate the market.
The Global Industry Valves Market Report contains an in-depth profiling of the key market players, along with the recent developments (new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their positions in the market.
Some of the major players operating in this market are
- AVK Holding A/S
- Avcon Controls Pvt Ltd
- Cameron – Schlumberger
- Crane Co.
- Flowserve Corporation
- Forbes Marshall
- IMI PLC.
- Kitz Corporation
- Metso Corporation
- Neway Valves (Suzhou) Co., Ltd.
- Pentair PLC,Velan Inc.
- Samson AG
- The Weir Group, PLC
- Spirax-Sarco Engineering PLC
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