Global valve market is expected to grow at a CAGR of 6.1% from 2017 to 2025. market is segmented on the basis of type, application, and geography.
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A valve is a device that directs or controls the stream of a fluid (gas, liquid, or slur) by opening, closing, or blocking different tubes. Moreover, valve comprises of body, bonnet, ports, handles & actuators, disc, seat, steam, gasket, valve balls, spring, and trim.
Valves have many applications, such as controlling water for irrigation, industrial, and residential use. They are also used in the military and transport sectors.
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They are similar to the management body in the control process. Global valve market is expected to grow at a CAGR of 6.1% from 2017 to 2025.
The global valves market is segmented on the basis of type, application, and geography. Based on type, the market is segmented into quarter-turn valves (ball valve, butterfly valve, plug valve, and spherical valve), multi-turn valves (gate valve, globe valve, fixed cone valve, needle valve, and pinch valve), and control valves (pneumatic control valve, hydraulic control valve, and electric control valve).
In terms of application, it includes oil & gas, paper & pulp, mining, water & wastewater, food & beverages, energy & power, automotive, and others (chemical, iron & steel, and construction). Based on geography, it is segmented into North America, Europe, Asia-Pacific, and LAMEA.
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- Need for automation in the process industry
- Rise in number of industrial infrastructure projects in developing countries
- Advancement in technology
- Expansion in oil and gas refineries
- Large capital investment required to set up new manufacturing facility
- Stiff competition from local manufacturers
- Manufacturing complexities
- Manufacture cost effective control valve
The top players in the global valve market include Honeywell International Inc., Emerson Electric Co., Flowserve Corporation, Pentair Plc., General Electric, Rotork, Siemens AG, Brkert GmbH & Co. KG, Schlumberger Limited, and Watts Water Technologies, Inc.
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- Quarter-Turn Valves
- Ball Valve
- Butterfly Valve
- Plug Valve
- Spherical Valve
- Multi-Turn Valves
- Gate Valve
- Globe Valve
- Fixed Cone Valve
- Needle Valve
- Pinch Valve
- Control Valves
- Pneumatic Control Valve
- Hydraulic Control Valve
- Electric Control Valve
- Oil & Gas
- Paper & Pulp
- Water & Wastewater
- Food & Beverages
- Energy & Power
- Others (Chemical, Iron & Steel, and Construction)
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
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