openPR Logo
Press release

Gate Valve Market is anticipated to grow up to US$ 14.5 billion, at a CAGR of 4.6% during the forecast period 2022-2031

10-31-2022 01:52 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Global Insight Services

Gate Valve Market

Gate Valve Market

Global Gate Valve Market was valued at US$ 9.2 billion in 2021 and it is anticipated to grow up to US$ 14.5 billion by 2031, at a CAGR of 4.6% during the forecast period.

The global gate valve market report from Global Insight Services is the single authoritative source of intelligence on Gate Valve Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Read more about Gate Valve Market here: https://www.globalinsightservices.com/reports/gate-valve-market

A gate valve is a mechanical device that closes and opens or partly obstructs multiple entrances to control or regulate fluid flow (liquid or gas). Gate valves are commonly used in municipal applications to restrict the water flow for residential uses. These valves are also used in industries such as oil & gas and chemicals to accomplish critical functions related to fluids. Flexible wedge, solid wedge, split wedge, and parallel disc valves are among the type of gate valves employed in these industries. They can operate manually with the help of levers or other devices or automatically by using sensors and programming.

Market Drivers and Trends

In the oil & gas sector, gate valves have widespread applications in upstream, middle, and downstream operations. These valves employ a gate mechanism to open or close a pipeline completely. They provide an apt solution for the regulation and maintenance of flow rates. Thus, with the flourishing oil & gas sector worldwide, the gate valves market will likely keep up its pace during the forecast period.

According to research findings, the global energy demand is expected to increase by 50% over the next two decades. This projected surge in demand is mainly attributed to the expanding population worldwide and rising living standards in emerging countries. Despite the burgeoning popularity of new and renewable energy sources, petroleum remains a key energy source. New refineries are being planned at several locations across the world. Thus, the flourishing oil and gas sector contributes to the gate valve market proliferation.

Request free sample copy of this research study: https://www.globalinsightservices.com/request-sample/GIS10462/

Global Gate Valve Market Segmental Overview

The report analyses the global gate valve market based on valve type, material type, application, and region.

Global Gate Valve Market by Valve Type

Based on valve type, it is segmented into flexible wedge, solid wedge, and split wedge or parallel disks valve. The solid wedge segment is expected to have the largest gate valve market share in 2021. The solid wedge is the most popular and commonly utilized disc type because of its simplicity and strength. A one-piece solid disc with a cut around the perimeter makes up the flexible wedge; the size, shape, and depth of these cuts vary. Furthermore, the split wedge disk comprises two solid sections held together by a specific mechanism. Thus, the solid wedge segment is expected to receive the main market attraction resulting in market growth.

Global Gate Valve Market by Material Type

Based on material type, it is segmented into cast iron, steel, and alloys. The alloys segment is expected to dominate the market during the forecast period. Alloys have excellent machinability and corrosion resistance and are used for relatively small valves in low-pressure service. Due to the abovementioned factor, the alloys segment is expected to dominate the market during the forecast period.

Get Customized Report as Per Your Requirement: https://www.globalinsightservices.com/request-customization/GIS10462/

Global Gate Valve Market by Application

Based on application, it is segmented into oil & gas, water & wastewater treatment, chemical, and others. The oil & gas segment is expected to be the largest segment in the gate valve market in 2021. For extraction and processing of crude and gas are mostly done using pipelines, valves are utilized to regulate the flow of oil and gas. Moreover, these resources are found in a limited geographic location and utilized across the globe. The distribution of these is done using pipelines. Thus, as industrialization is growing at a steady rate across the globe, the demand for oil and gas is also increasing. Several oil-producing countries are increasing oil production. Thus, the oil & gas segment will likely hold a major market share in 2021.

Geographical Analysis of Global Gate Valve Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific market is expected to hold the majority of the market share in 2021. The need for gate valves in Asia is driven by the growing industrialization in most emerging economies. Over the predicted period, gate valve usage is expected to increase significantly. China, along with other Asian countries, is the largest buyer of industrial valves, especially gate valves. Moreover, several municipal projects and government efforts for infrastructural development are expected to drive the Asia Pacific gate valve market throughout the forecast period. This, in turn, boosts the demand for gate valve in the Asia Pacific region.

Major Players in the Global Gate Valve Market

The key players studied in the global gate valve market are Econosto Oy (Finland), Emerson Electric Co. (US), ITT Inc. (US), Jash Engineering Ltd (India), Mueller Water Products, Inc. (US), Process Systems (Australia), RED VALVE COMPANY, INC. (US), The Weir Group PLC (UK), T-T Pumps (UK), and Velan Inc. (Canada).

Purchase your copy now: https://www.globalinsightservices.com/checkout/single_user/GIS10462/

Contact Us:

Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Gate Valve Market is anticipated to grow up to US$ 14.5 billion, at a CAGR of 4.6% during the forecast period 2022-2031 here

News-ID: 2785094 • Views:

More Releases from Global Insight Services

Immuno Oncology Drugs Market Projected to Reach $634.1 Billion by 2034, Growing at 17.5% CAGR | Overall Study Report
Immuno Oncology Drugs Market Projected to Reach $634.1 Billion by 2034, Growing …
The Immuno Oncology Drugs Market is rapidly emerging as a transformative segment in the global healthcare industry. These drugs harness the body's immune system to identify and attack cancer cells, offering innovative treatment alternatives to traditional chemotherapy and radiation therapies. Immuno-oncology therapies include monoclonal antibodies, checkpoint inhibitors, cancer vaccines, and cell-based therapies such as CAR-T cells. The growth of this market is primarily driven by advancements in biotechnology, an improved
GLP 1 Market Projected to Reach $221.8 Billion by 2034, Growing at 9% CAGR | Overall Study Report
GLP 1 Market Projected to Reach $221.8 Billion by 2034, Growing at 9% CAGR | Ove …
The GLP 1 Market is experiencing unprecedented growth, fueled by the rising prevalence of type 2 diabetes and obesity globally. GLP-1, or glucagon-like peptide-1 receptor agonists, represents a groundbreaking therapeutic class that improves insulin secretion, reduces glucagon production, and slows gastric emptying. These mechanisms not only enhance glycemic control but also support weight management, making GLP-1 therapies a preferred choice among healthcare providers and patients alike. Over the years, the
Autonomous Bus Market to Expand to $11.6 Billion by 2034, Advancing at 18.8% CAGR | Key Players: EasyMile, Navya, Aurrigo
Autonomous Bus Market to Expand to $11.6 Billion by 2034, Advancing at 18.8% CAG …
Market Overview Autonomous Bus Market is revolutionizing the future of urban mobility through advanced automation technologies. Valued at $2.1 billion in 2024, the market is projected to reach $11.6 billion by 2034, expanding at a strong CAGR of 18.8%. This market focuses on the development and deployment of self-driving buses equipped with cutting-edge sensors, artificial intelligence, and vehicle-to-everything (V2X) communication systems. These buses are designed to improve road safety, enhance passenger
Automotive Tire Market to Attain $976.7 Billion by 2034, Growing at 9.2% CAGR | Key Players: Apollo Tyres, Nokian Tyres, Hankook Tire
Automotive Tire Market to Attain $976.7 Billion by 2034, Growing at 9.2% CAGR | …
Market Overview Automotive Tire Market is experiencing remarkable growth as the industry embraces innovation, sustainability, and digital transformation. Valued at $406 billion in 2024, the market is projected to soar to $976.7 billion by 2034, reflecting a CAGR of 9.2%. This expansion is primarily driven by the surge in global vehicle production, growing consumer preference for durable and high-performance tires, and the increasing adoption of smart tire technologies. The Automotive Tire

All 5 Releases


More Releases for Gate

Gate Master Australia Now Offers Direct Gate and Motor System Delivery Across Pe …
Image: https://www.globalnewslines.com/uploads/2025/07/1752550895.jpg Gate Master Australia brings its full range of gate and motor systems direct to doorsteps across Perth, streamlining access control from order to install. Maddington, Western Australia - July 15, 2025 - Gate Master Australia, a trusted name in premium gate solutions, has expanded its service offering to include direct delivery of gate and motor systems across the Perth metropolitan area. This streamlined option allows customers to receive high-quality gate
Gate Master Offers Tailored Automated Gate Solutions for Australian Homes and Bu …
Image: https://www.globalnewslines.com/uploads/2025/06/1749447220.jpg The recognised gates company specialises in delivering custom gate automation solutions tailored precisely to their clients' needs. Maddington, Western Australia - June 10, 2025 - The leading provider of high-quality gate systems in Western Australia, Gate Master now offers custom automated gate solutions that enhance security, convenience, and aesthetics for homes and businesses across the region. With an unmatched commitment to innovation and service, Gate Master is redefining the standard
Gate Openers Wilmington: 70-West Access Control Offers Expert Solutions for Gate …
Image: https://www.globalnewslines.com/uploads/2025/01/1736734420.jpg 70-West Access Control, a trusted name in gate openers in Wilmington, provides expert installation, maintenance, and repair services for top security solutions. A leading gate and access control solution provider for residential and commercial properties, 70-West Access Control is solidifying its position as a trusted partner for homeowners and businesses seeking reliable security solutions. While the company is based in Morehead City, N.C., it proudly serves customers in Wilmington and
Gate Master Australia Offers Custom Gate Automation for Modern Security Needs
Image: https://www.getnews.info/wp-content/uploads/2024/12/1733739108.jpeg The company unveils custom made gates in steel and aluminium, powered by automation technology for enhanced security and convenience. Maddington, Western Australia - December 9, 2024 - Gate Master Australia, a trusted leader in gate automation solutions, is now offering its customisable gate automation options for modern Australian homeowners and businesses. With the increasing importance of security and convenience, Gate Master's tailored solutions cater to residential and commercial properties, offering
Experience Enhanced Convenience with Dana's Gate & Garage Door Repairs Tarzana's …
In today's fast-paced world, convenience and security are paramount concerns for homeowners. Automatic gate openers [https://danagatesandgarage.com/#:~:text=in%20good%20hands.-,AUTOMATIC%20GATE%20OPENERS,-Automatic%20gate%20openers] provide an ideal solution, offering both ease of access and enhanced safety. Dana's Gate & Garage Door Repairs Tarzana has emerged as a trusted provider of these advanced systems, ensuring that residents in the area can benefit from the latest technology in gate automation. Automatic gate openers have revolutionized the way properties are secured. By
Global Gate Operator Market, Global Gate Operator Industry, Covid-19 Impact Glob …
A gate operator is an effective mechanical device utilized to open and close the gate, likewise one at the end of a driveway. There are two major forms of the electric gate openers hydraulic or electromechanical; such can further divide into the following categories, worm driven, underground openers and arm openers. The automatic and electric gate operators are structured for both swinging and sliding gates. They can be programmed to