Industrial Valves Market Insights Covering Dynamics and Competitive Scenario through 2025
By Material Type (Cast Iron, Steel, Cryogenic, Alloy Based), Size, Valve Type (Ball, Butterfly, Gate, Globe, Check, Plug), Industry (Oil & Gas, Water & Wastewater, Energy & Power) and Regional Market Size, Status and Forecast to 2025
The global Industrial Valves Market was valued at USD 67.34 billion in 2016 and is projected to reach USD 92.42 million by 2025, growing at a CAGR of 3.58% from 2017 to 2025.
Industrial valves are involved in variety of factories and manufacturing units. With increasing end user demands and demand of consumer goods, the market is expected to grow in the forecast period at a high CAGR.
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1. Market Drivers
1.1 Increasing requirement of Oil and Gas production related facilities in Gulf corp. Council Countries
1.2 High demand of Energy fuel in APAC
1.3 Increasing focus on Smart cities in emerging economies
1.4 Revenue shift in industry
1.5 Increasing demand of Automation for monitoring and maintenance
2. Market Restraints
2.1 Lack of Standardization in Certifications and Policies
2.2 Slowdown in Oil & Gas and Mining Industries
2.3 Downtime Due to Repairing of Valves
2.4 Lack of Product Differentiation
1. Global Industrial Valves Market, by Valve Type:
1.1 Ball Valve Market
1.2 Butterfly Valve Market
1.3 Gate Valve Market
1.4 Globe Valve Market
1.5 Plug Valve Market
1.6 Diaphragm Valve Market
1.7 Safety Valve Market
2. Global Industrial Valves Market, by Material Type:
2.2 Cast Iron
2.3 Alloy Based
3. Global Industrial Valves Market, by Industry:
3.1 Oil & Gas
3.2 Water & Wastewater
3.3 Energy & Power
3.5 Food & Beverages
3.7 Building and Construction
4. Global Industrial Valves Market, by Size:
4.1 Up to 1â€
4.5 50â€ & Above
5. Global Industrial Valves Market, by Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
The major players in the market are as follows:
1. AVK Holding A/S
2. Avcon Controls Pvt Ltd
3. Cameron – Schlumberger
4. Crane Co.
6. Flowserve Corporation
7. Forbes Marshall
8. IMI PLC.
9. Kitz Corporation
10. Metso Corporation
11. Neway Valves (Suzhou) Co., Ltd.
12. Pentair PLC
13. Velan Inc.
14. Samson AG
15. The Weir Group, PLC
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Industrial Valves Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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