Industrial Valves Market Worth $107,356.7 Million by 2027 | by Material Type, Valve Type, Application

According to a new report published by Allied Market Research, titled, “Industrial Valves Market by Material Type, Valve Type, and Application: Opportunity Analysis and Industry Forecast, 2020–2027,” the global industrial valves market size is expected to reach $107,356.7 million in 2027 from $86,202.7 million in 2019, growing at a CAGR of 3.5% from 2020 to 2027. In 2019, North America dominated the market, in terms of revenue, accounting for 34.5% share of the global market.

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Industrial Valves Market by Material Type (Cast Iron, Steel, Alloy-Based, and Others), Valve Type (Ball Valves, Butterfly Valves, Gate Valves, Globe Valves, Plug Valves, Check Valves, and Diaphragm Valves), and Application (Oil & Power, Water & Wastewater, Chemical, Food & Beverages, and Others)

Industrial valves market is a saturated market with slow organic growth during the forecast period. However, under ‘Industry 4.0,’ major industries are switching toward automation of industrial processes, which is likely to create a demand for industrial valves globally. The automated regulation and control of valves in industrial applications can upgrade the global industrial valves market substantially during the forecast period.

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Covid-19 Scenario Analysis

COVID-19 pandemic has shut-down the production and sales of various products in the industrial valves industry, mainly owing to the prolonged lockdown in major global countries including the U.S., Italy, the UK, and others. This has hampered the growth of industrial valves market significantly within the last few months, as is likely to continue during 2020.

Key Players

The key market players profiled in the report include AVK Holding A/S, Avcon Controls Private Limited, Schlumberger Limited, Crane Co., Emerson Electric Co., Flowserve Corporation, Forbes Marshall, IMI plc, Metso Corporation, and The Weir Group plc.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

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