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Industrial Valves Market 2018: New Investments Expected to Rising Up Till 2024 By Dominated Players AVK Holding A/S, Avcon Controls Pvt Ltd, Cameron, a Schlumberger company, Crane Co., Emerson, Flowserve Corporation And Others
Industrial Valves Market
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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.
Global Industrial Valves Market By Material Type (Steel, Cast Iron, Alloy Based, Cryogenic, Others), By valve type (Ball, Butterfly, Gate, Globe, Plug, Diaphragm, Safety) By End-user (Oil & Gas, Water & Wastewater, Energy & Power, Chemical, Food & Beverages, Pharmaceutical, Building and Construction, Others) By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
Competitive Analysis: Global Industrial Valves Market
Industrial Valves Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of flow cytometry market for global, Europe, North America, Asia Pacific and South America.
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• Major Market Competitors: Global Industrial Valves Market
• AVK Holding A/S,
• Avcon Controls Pvt Ltd,
• Cameron – Schlumberger,
• Crane Co.,
• Emerson,
• 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
• Among Others
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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
Market Segmentation: Global Industrial Valves Market
• On the basis of material type the industrial valves marketis 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 marketreport 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.
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