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Pneumatic Valves and Accessories Market to Reflect Steady Growth Rate by 2025
Pneumatic Valves and Accessories Market
The use of valves and accessories in the oil and gas sectors accounts for the largest revenue share in the global market for these products. Particularly in the oil and gas sector, the majority of valves and accessories installed today are replacements for valves and accessories that were previously fixed.
The market's recent expansion has been significantly impacted by the valves situation. However, the use of valves in the food and beverage and wastewater management sectors is producing long-term profits.
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Pneumatic valves help in providing the safe and precise controller of actuators in a compressed air system which is used in factory automation, medical applications, and packaging.
Pressure relief valves control pressure at their inlet port by exhausting pressure to atmosphere. Pneumatic valves and accessories is a part of the large market for industrial machinery components. Pneumatic valve & accessories are used for control valve and isolation actuators. The pneumatic valve and accessories have wide usage in mining, oil and gas facilities, and power generation plants and, where clean air (less humid) is abundantly accessible for compression.
Pneumatic Valves & Accessories Market: Segmentation
By product type
Sliding shaft
Rotating shaft
By end-user
Chemicals and petrochemicals
Power generation and management
Mining
Water and wastewater management
Pneumatic Valves & Accessories Market: Segment Overview
Based on the types, Pneumatic Valves & Accessories is segmented into the sliding shaft and rotating shaft. Sliding shaft segment is the foremost segment among types of Pneumatic Valves & Accessories market over the projected period, increasing adaption of sliding shaft in the end-use industry like oil & gas and chemical and petrochemicals.
On the basis of the end user, Pneumatic Valves & Accessories market is segmented into Chemicals and petrochemicals, Power generation and management, Mining and Water and wastewater management. Power generation and management is the major end-user segment during the forecast period.
Pneumatic Valves & Accessories Market: Drivers
The global Pneumatic Valves & Accessories market is expected to witness sustained growth over the forecast period. This industry research report identifies the anticipated upsurge in demand for pneumatic valves & accessories from the oil and gas industry would be the major factors that will have a positive impression on the development of pneumatic valves & accessories market over the forecast period.
The oil and gas industry uses pneumatic valves in numerous applications including the early stages of the abstraction of crude oil and gas till the refinery processes and in the associated pipelines. Increasing investment in the automotive, electronics, and semiconductors is also driving the pneumatic valves & accessories market.
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Pneumatic Valves & Accessories Market: Regional Outlook
On the basis of the geographical market segment, it is segmented into seven different regions: North America, Latin America, and Eastern Europe, Western Europe, and Asia-Pacific region, Japan and the Middle East and Africa.
As low-cost products are available like butterfly control valves and the V-notch ball is anticipated to drive the progress of the Global Pneumatic Valve & Accessories market.
Asia-Pacific region is presently the market leader in terms of revenue in the global Pneumatic Valve & Accessories market. Vendors from the APEJ countries have started producing low-cost pneumatic valve and accessories, these low-cost valves quality is not on par with other products, various end users are adopting solutions as they are cost-effective.
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Pneumatic Valves & Accessories: Key Market Players
Some of the players operating in the Pneumatic Valves & Accessories market include Kitz, IMI plc, Emerson Electric, GE, Flowserve, GEMU, Rotork, Circor, VANATOME, Watts Water Technologies, Tyco International, Cameron, Crane Company, VELAN, and few other regional players.
Pneumatic Valves & Accessories play an essential part in the plant automation. With more companies automating their industrial processes, Pneumatic Valves & Accessories are projected to exchange the valves which are manually operated, thereby generating a demand for pneumatic valve & accessories.
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