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Industrial Valves Market Research Forecast With Metso, Flowserve Corporation, Neway Valve, Emerson, AVK Holding Pentair, IMI, Forbes Marshall, Crane Co., SAMSON AKTIENGESELLSCHAFT, Velan Inc., Kitz Corporation of Europe
Industrial Valves Market
Global industrial valves market is expected to rise from its initial estimated value of USD 7025 billion in 2018 to a projected value of USD 94.52 billion by 2026, registering a CAGR of 3.78% in the forecast period of 2019-2026. This rise in market value can be attributed to growth in demand of the product from energy & power and oil & gas industries.
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Industrial valves are mechanical devices that are attached on various machines and equipments for the control of flow in a system; they are differentiated according to the different functions they perform such as stop/start, throttle, non-return, etc. They are categorised on different shapes and sizes according to the different needs of the consumer from the different industries.
Market Drivers:
· Increasing prevalence of smart cities development and installation; this factor is expected to drive the market growth
· Presence of strict regulations and compliances from the authorities for making the industries more reliable
Market Restraint:
· Requirement of halting of operational activities for the maintenance and repair activities of these industrial valves; this factor is expected to restrain the market growth
Major Market Competitors/Players
Few of the major competitors currently present in the market are Schlumberger Limited; Neway valve; Spirax-Sarco Engineering plc; Flowserve Corporation; KITZ Corporation; IMI plc; Metso Corporation; The Weir Group PLC; Crane Co.; SPX Corporation; Emerson Electric Co.; Kim Valves Australia PTY Ltd.; AVK Holding A/S; Swagelok Company; Samson AG; Avcon Controls Pvt Ltd; Conbraco Industries Inc.; Forbes Marshall; Ham Let Israel Canada Ltd; Dwyer Instruments, Inc.; EBRO ARMATUREN Gebr. Bröer GmbH; ALFA LAVAL; Velan Inc.; CIRCOR International, Inc.; Curtiss-Wright Corporation; Danfoss; Georg Fischer Ltd.; Baker Hughes, a GE company LLC; Hitachi Metals, Ltd.; Honeywell International Inc.; ITT INC.; Mueller Water Products, Inc.; NIBCO INC.,; OKANO VALVE MFG. CO. LTD.; TechnipFMC plc; Valvitalia SpA; Xylem and DunAn.
Key Developments in the Market:
· In December 2018, Emerson Electric Co. announced that they had acquired Advanced Engineering Valves. This acquisition will help in providing their customers with the widest range of industrial valves that are equipped with high performance and reliability.
· In July 2018, SPX Corporation announced the launch of a new range of valves that are expected to be used for separation of dissimilar products for the food & beverage processing industry. The new range of valves launched under the series, “D4” allows thorough cleaning and helps in significant reduction of cleaning costs.
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Global industrial valves market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of industrial valves market for global, Europe, North America, Asia-Pacific and South America.
Segmentation: Global Industrial Valves Market
· By Material
o Stainless Steel
o Cast Iron
o Cryogenic
o Alloy Based
o Others
Brass
Bronze
Plastics
· By Valve Type
o Ball Valves
o Butterfly Valves
o Check Valves
o Diaphragm Valves
o Gate Valves
Standard Plate Gate Valves
Wedge Gate Valves
Knife Gate Valves
o Globe Valves
o Plug Valves
o Safety Valves
· By Product
o Quarter-Turn Valve
o Multi-Turn Valve
o Others
Control Valves
· By Size
o Upto 1”
o 1-6”
o 6-25”
o 25-50”
o More than 50”
· By End-Use Industry
o Water & Wastewater Treatment
o Oil & Gas
Upstream
Mid-Stream
Downstream
o Chemicals & Petrochemicals
o Energy & Power
o Agriculture
o Pulp & Paper
o Food & Beverage Processing
o Metals & Mining
o Pharmaceuticals
o Construction
o Others
Textiles
Glass
Semiconductors & Electronics
· By Geography
North America
US
Canada
Mexico
South America
Brazil
Argentina
Rest of South America
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Rest of Europe
Asia-Pacific
Japan
China
South Korea
India
Australia
Singapore
Malaysia
Indonesia
Thailand
Philippines
Rest of Asia-Pacific
Middle East and Africa
South Africa
Egypt
Saudi Arabia
United Arab Emirates
Israel
Rest of Middle East and Africa
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