Industrial Valves Market Outlook 2022, Size, Share, Top Companies, Growth and Forecast to 2027

According to IMARC Group's latest report, titled "Industrial Valves Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global industrial valves market reached a value of US$ 64.04 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 97.19 Billion by 2027, exhibiting at a CAGR of 7.3% during 2022-2027.

Industrial valves are a type of electromechanical device that consists of the body, steam packing, sealing rings, end connectors, discs, trim, yoke nut, union bolts, bonnet shell, and operators and actuators. They help regulate the pressure and flow of vapor, gas, liquid, powder, and slurry in a piping system. The valves also help prevent flow return to the pressurized side, help stop the flow rate through the pipe whenever required, and protect equipment from overpressure hazards. Industrial valves therefore find extensive application across the refinery, pharmaceutical, chemical, oil and gas, and water and wastewater treatment sectors.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Market Trends and Drivers:

The rapidly expanding petroleum refineries and nuclear power plants and the rising demand for monitoring and controlling pipeline installations from a centralized location are some of the key factors driving the market growth. Moreover, the increasing automation in the industrial process, growing traction of renewable sources for generating electricity, and the integration of smart control systems, are factors creating a positive outlook for the market.

Industrial Valves Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the industrial valves market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

AVK Holding A/S
Cameron International Corporation (Schlumberger)
The Crane Company
Emerson Electric Co.
Flowserve Corporation
Forbes Marshall
IMI Plc
Kitz Corporation
Neway Valves (Suzhou) Co. Ltd.
Samson AG
Velan Inc.

Key Market Segmentation:

The report has segmented the global industrial valves market on the basis of product type, functionality, material, size, end use industry and region.

Breakup by Product Type:

Gate Valve
Globe Valve
Butterfly Valve
Ball Valve
Check Valve
Plug Valve
Others

Breakup by Functionality:

On-Off / Isolation Valves
Control Valves

Breakup by Material:                    

Steel
Cast Iron
Alloy Based
Others

Breakup by Size:                                

Up To 1"
1"-6"
7"-25"
26"-50"
51" and Above

Breakup by End Use Industry:

Oil and Gas
Power
Pharmaceutical
Water and Wastewater Treatment
Chemical
Food and Beverage
Others

Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iran, Others)

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Key Highlights of the Report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

This release was published on openPR.