Industrial Valves Market Revenue Will Reach US$ 110.91 Billion By 2027

The industrial valves market size is projected to reach a revenue of US$ 110.91 billion by 2027 and is expected to register a CAGR of 3.4% from 2020 to 2027, According to Precedence Research. The research report contains 150+ pages with detailed analysis.

The report provides the overall revenue of the global industrial valves market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year. This research report evaluates the industrial valves market on a global and regional level.

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Industrial valves are widely used in process industries for regulation, direction, and control of slurries, gases, vapors, liquids, and others. Industrial valves are generally manufactured using stainless steel, cast iron, carbon steel, and other high functioning metal alloys to gain efficient flow control in various industries such as oil & power, water & waste water, chemicals, food & beverages, and many others. Moreover, a valve mainly consists of a stem, main body, and a seat that are mainly manufactured using various materials that include metals, rubber, polymers, and others to avoid the wastage of liquid flowing through the valve. Valves are primarily differentiated on the basis of their operating mechanisms. Some of the most widely used valves in industries are butterfly valves, globe valves, gate vales, diaphragm valves, ball valves, pinch valves, plug valves, and check valves.

Market Scope:

The industrial valves market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, Middle East and Africa. This research report offers scenarios and forecasts (revenue/volume) and categorizes the market by players, type, application, and region. This report also studies global market prominence, competitive landscape, market share, growth rates market dynamics such as drivers, restraints and opportunities, and distributors and sales channels.

This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Growth Factors

The food & beverages processing industry is a highly saturated industry in many developed countries that include the U.S., the European Union countries, and China. Besides this, increase in demand for food from developing countries such as India, Brazil, and others boosts the agriculture industry that in turn propels the growth of the food & beverage industry. This is further anticipated to fuel the demand for industrial valves.

Furthermore, governments of various countries closely monitor the water utilities to provide safe drinking water and sanitation. Additionally, the outbreak of corona virus in start of the year 2020 has created insecurity among the people. During this situation, people are more concerned about clean water and sanitation, thereby propelling the demand of industrial valves in the sector.

Report Highlights

In 2019, North America dominated the global industrial valves market owing to replacement of inefficient and old valves with more efficient valves for gas transportation.

The Asia Pacific exhibits the fastest growth over the analysis period owing to booming consumption of chemicals coupled with escalating construction activities.

By material, steel valves garnered the largest value share in the year 2019 due to rising demand for high-quality valves in pharmaceuticals, chemicals, food & beverages, and metals & mining industries

By valve type, ball valves led the global market and predicted to continue same trend during the forecast period

Oil & gas sector accounted for the largest market value share in the year 2019 pertaining to increasing demand of energy along with flourishing growth of transportation sector.

Based on application, water & wastewater industry encountered the fastest growth close to 6% over the forecast period.

Regional Snapshots

North America captured the largest market value share in the global industrial valves market in the year 2019. Rising research & development (R&D) activities in the region related to the implementation of actuators in the valves for automation along with the rising demand for safety applications are some of the crucial factors that fuel the growth of North America market. R&D at industry levels has expanded the application of industrial valves in various industries that include chemicals and energy & power, in the United States. Control valves are significantly used in the energy & power, oil & gas, and water & wastewater treatment industries to regulate the flow of media through a system, as well as to stop, start, or throttle the flow and ensure efficient and safe process automation.

On the other hand, the Asia Pacific offers lucrative growth opportunity during the analysis period. This is attributed to the increasing need for water treatment plants in the Asian countries, such as India, China, and Japan, thereby fuelling the demand for industrial valves in the region. In addition, booming consumption of chemicals is the other most prominent factor to trigger the growth of industrial valves in the region.

Key Players & Strategies

Key industry players in the global industrial valves market are involved in the inorganic growth strategies to upgrade their position and strengthen their foothold in the global market. For instance, in August 2019, Bonomi Group entered into an agreement to acquire FRA.BO.S.p.A, a Italy-based manufacturer of stainless steel, copper, bronze, and brass fittings for plumbing applications. Similarly, in June 2019, Crane Co. signed an agreement to acquire all the stakes of Circor International Corporation, a U.S.-based manufacturer of motion and flow control products. It also provides products such as actuators, valves, pumps, and many others for industrial applications. The acquisition has helped Crane Co. to improve its footprint in the United States.

Some of the key players operating in the market are Avcon Controls Private Limited, AVK Holding A/S, Crane Co., Metso Corporation, Schlumberger Limited, Flowserve Corporation, Emerson Electric Co., IMI plc, Forbes Marshall, and The Weir Group plc among others.

Market Segmentation

By Valve

Butterfly Valves
Ball Valves
Globe Valves
Gate Valves
Check Valves
Plug Valves
Diaphragm Valves

By Material

Cast Iron
Alloy-Based
Steel
Others

By Application

Water & Wastewater
Oil & Power
Food & Beverages
Chemical
Others

Regional Segmentation

North America (U.S. and Canada)

Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

Latin America (Brazil and Rest of Latin America)

Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Why should you invest in this report?

If you are aiming to enter the global industrial valves market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for industrial valves are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2020-2027 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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