Press release
Pigging Valves Market 2023 Global Size, Share, Trends, Growth Factors, Segmentation, Analysis, Business Opportunities and Forecast 2032
Pigging Valves Market
The global pigging valves market size grew from $4.15 billion in 2022 to $4.63 billion in 2023 at a compound annual growth rate (CAGR) of 11.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The pigging valves market size is expected to grow to $6.9 billion in 2027 at a CAGR of 10.5%.
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Pigging Valves Market Drivers:
The growth in oil and gas exploration activities is expected to propel the growth of the pigging valve market going forward. Oil and gas exploration activities refer to those activities that are used to extract oil & gas from the ground. As oil and gas exploration efforts increase, additional pipelines will be built to extract and transport the resulting oil and gas. Pigging valves are used to connect these pipes in preparation for pipeline integration.
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Pigging Valves Market Segments
1) By Type: Bypass Pigging Valves, Shutoff Pigging Valves
2) By Technology: Ultrasonic piping, Magnetic flux piping, Caliper
3) By End User: Oil and Gas Industry, Pharmaceutical, Chemical Industry, Refining and Petrochemical Industries., Water, Sewage and Effluent, Food-Processing Industries, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Middle East was the largest region in the Pigging Valves market.
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Pigging Valves Market Key Players
Major players in the pigging valves market are Jag Valves, Hartmann Valves GmbH, Frontier Valve International Ltd., Tiger Valve Company, Argus Machine Co. Ltd., Master Flo Valve Inc., SAMSON Controls Inc., Pipetech Corporation Ltd., Sofis valve operation, Phoenix Specialty Inc., Camtech Manufacturing FZCO pvt Ltd., RMA Pipeline Equipment, Tulsa Valve Inc., Energas Technologies (Pvt) Limited, Smith Flow Control Ltd., and Pigging Solutions Llc.
The Business Research Company's "Global Pigging Valves Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Pigging Valves Market Include:
1. Executive Summary
2. Pigging Valves Market Characteristics
3. Pigging Valves Market Trends And Strategies
4. Pigging Valves Market - Pigging Valves Market
5. Pigging Valves Market Size And Growth
.....
26. Africa Pigging Valves Market
27. Pigging Valves Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Pigging Valves Market
29. Pigging Valves Market Future Outlook and Potential Analysis
30. Appendix
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