Gate Valve Market Will Surge US$ 12,988.40 million by 2028

The gate valve market is projected to reach US$ 12,988.40 million by 2028 from US$ 8,712.18 million in 2020. It is estimated to register a CAGR of 4.5% during the forecast period.

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. Valves are also utilized in desalinated water systems, high-integrity pressure protection systems, radwaste systems (in nuclear power plants), pressure control systems, on/off designs, and other applications.

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Global Gate Valve Market: Regional Analysis

The report offers in-depth assessment of the growth and other aspects of the Gate Valve market in important regions. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.

The oil & gas, petroleum, and pharmaceuticals industries are the largest consumers of gate valves. The demand for various industrial products, including gate valves, is increasing due to fast economic growth in developing countries. The increasing demand for petroleum products encourages oil companies to ramp up their production capacities, thereby generating a greater demand for gate valves. Furthermore, improvements in gate valve characteristics, such as friction reduction and pressure control, and continuous developments in the efficiency of valves are likely to boost the growth of the gate valve market during the forecast period.

Gate Valve Market Insights
Increasing Demand in Oil & Gas Sector Bolsters Gate Valve Market Growth

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 across the world, the gate valves market is likely to keep up its pace during the forecast period.

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Major Key Points of Gate Valve Market

Gate Valve Market Overview
Gate Valve Market Competition
Gate Valve Market, Revenue and Price Trend
Gate Valve Market Analysis by Application
Company Profiles and Key Figures in Gate Valve Market
Market Dynamics
Methodology and Data Source

Companies Profiled in this report includes: 

BRAY INTERNATIONAL
DEZURIK, INC.
EMERSON ELECTRIC CO.
ITT INC.
MUELLER CO. LLC
ORBINOX
SISTAG AG
STAFSJö VALVES AB
WEIR GROUP PLC
ZHEJIANG LINUO FLUID CONTROL TECHNOLOGY CO., LTD
Leading market players and manufacturers are studied to help give a brief idea about them in the report. The challenges faced by them and the reasons they are on that position is explained to help make a well informed decision. Competitive landscape of Brown Sugar market is given presenting detailed insights into the company profiles, developments, merges, acquisitions, economic status and best SWOT analysis.

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