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Industrial Valves Market Size & Share - Industry Trends and Forecast 2016 - 2023
The main objective of this report is to define, describe, and forecast the global “Industrial Valves” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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Industrial valves are devices that control the flow and pressure of liquids and gases within a system. Valves are used to control the flow of liquids and gases in the piping systems and it should be checked consistently to avoid any risks such as leakage and corrosion. On the other hand, valves used in industries can be operated manually or automatically.
Growth of industrial valve market is driven by increasing demand in industries such as oil and gas, wastewater and power among others. The government of developing countries such as Brazil, India, and China among others is investing heavily in pipeline infrastructure development mainly in oil and gas sector, which is expected to drive the installation of industrial valves over the forecasted period. This result in higher demand of valves used in valve actuators namely, electrically, hydraulically and pneumatically among others in different industry verticals. Moreover, continuous generation of power via existing and old power plant is also driving the demand for industrial valves market in power sector.
Some of the major restraints for industrial valves market are price war among vendors and strict government regulations and policies in the market. The participation of cross-industry vendors in the industrial valve market is also escalating the competition among valve vendors. For instance, pump and filtration vendors are offering valves along with the core valve vendors. However, the companies would have to develop specialized products in order to bring about product differentiation and produce higher margin valves which will be less vulnerable to competition.
The main types of industrial valves includes are ball, globe, gate, and butterfly valves among others Ball valves are used in rotational motion to start, stop or throttling the flow of fluids in the system. The industrial valves market can be further segmented by end use industries such as oil and gas, chemical and power among others. The growth in revenues of the industrial valve market is observed with multiple factors such as increased sale of industrial valves in building new infrastructure development and utilities globally. In addition, repairs and renovation in the existing infrastructure also drives the growth of industrial valve market.
Some of the key players operating in the industrial valves market are Pentair ltd, Flowserve Corporation, Emerson Electric Co, FMC Technologies, Alfa Laval AB, L&T Valves Ltd, IMI plc, Crane Co, AVK Group, Tyco International, Kitz Corp, Circor International, Inc., Curtiss-Wright Corp. and Cameron International Corporation among others.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. This report provides comprehensive analysis of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
It provides distinctive graphics and exemplified SWOT analysis of major market segments
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