openPR Logo
Press release

Industrial Valves Market Size, Share & Global Insights 2023-2028

06-08-2023 08:52 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Premium Market Insights

Industrial Valves Market

Industrial Valves Market

The Industrial Valves Market is expected to reach US$ 43,127.40 million by 2028 and it is estimated to grow at a CAGR of 5.4% from 2023 to 2028.

Operations related to the discovery of oil and gas in the Norwegian Sea, Kara Sea, Barents Sea, and the adjacent region near the North pole are a few factors fueling the demand for industrial valves in Europe. Increased emphasis on wastewater treatment across Europe and stringent government regulations related to the same are the other factors boosting the need for industrial valves in the region.

With the growing demand for crude oil and natural gas, the Gulf countries are increasing the production capacity of crude oil and natural gas, thereby driving the industrial valves market in the MEA. Countries such as Iran and Nigeria are actively focusing on increasing oil production, which is expected to offer lucrative growth opportunities to the industrial valves market players across the region. Venezuela and Brazil are among the largest crude oil producers, and they are focusing on increasing their production capacities owing to the high demand for oil and gas and natural gas across South America.

Get a Sample PDF of report at-https://www.premiummarketinsights.com/sample/TIP00004296?utm_source=OpenPr&utm_medium=10640

The List of Companies -
1. Velan Inc
2. Crane Co
3. CIRCOR International Inc
4. Flowserve Corp
5. Emerson Electric Co
6. KITZ Corporation
7. Neway Valve (Suzhou) Co Ltd
8. Spirax Sarco Engineering Plc
9. Schlumberger Ltd
10. Weir Group PLC

The global industrial valves market size is segmented based on material type, valves type, industry, and geography. Based on material type, the industrial valves market is segmented into cast iron, steel, cryogenic, alloy-based, and others. Based on valves type, the industrial valves market is classified into ball valves, butterfly valves, diaphragm valves, safety valves, piston ram valves, gate valves, and control valves. Based on industry, the market is bifurcated into oil & gas and chemicals & petrochemical. The industrial valves market, based on region, is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America

Continuous technological advancements are leading to greater exploration and production operations in the oil & gas industry. In APAC, the industrial valves market, new oil and gas reserves have been discovered in several nations such as China and Thailand. Thus, the rising adoption of exploration technologies is expected to offer lucrative opportunities for the industrial valves market across APAC in the coming years. Another important end-user industry in APAC is the chemical industry. Many global chemical manufacturers have manufacturing sites in China. China had the highest share of revenue distribution in the global chemical sector in 2021, accounting for ~43% of global chemical sales. To enhance efficiency and safety across these plants, the demand for advanced industrial valves is constantly rising from the chemical industry in APAC.

Get Full Report: https://www.premiummarketinsights.com/reports-tip/industrial-valve-market

Impact of COVID-19 Pandemic on Industrial Valves Market Growth
Most economic operations in the Middle East & Africa were suspended due to an increase in the number of COVID-19 cases in the first two quarters of 2020. Many countries in Africa are still in the developing phase. Countries in the Middle East, especially the Gulf Cooperation Council (GCC) countries, witnessed a notable decline in the oil & gas sector due to a sharp drop in oil demand from major end-user countries across Asia Pacific, Europe, and North America. As a result, countries in the MEA registered a low volume of oil and gas production and low storage and transportation of natural gas, which subsequently hampered the demand for industrial valves in the region.

The production of natural gas and domestic oil is low across Germany, and it majorly relies on imports. The country receives more than 50% of its oil from Russia. As per the BP statistical data of world energy 2022, the country is the largest consumer of natural gas in Europe; it consumed 4.5 billion cubic meters of natural gas in 2021. In addition, Germany is characterized by one of the largest chemical industries across the globe. In 2019, the country recorded ~2,900 chemical companies operating in Germany, and the chemical industry is one of the major consumers of industrial valves. Thus, the industrial valves market growth is expected to propel in the coming years due to the presence of many chemical companies and oil & gas companies in the country.

Buy Now this Report @: https://www.premiummarketinsights.com/buy/TIP00004296?utm_source=OpenPr&utm_medium=10640

Contact Us:
If you have any queries about this report or if you would like further information, please
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email: sales@premiummarketinsights.com

About Us:
Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost-effective research reports and solutions from various publishers.
The market research industry has changed in last decade. As corporate focus has shifted to niche markets and emerging countries, a number of publishers have stepped in to fulfil these information needs. We have experienced and trained staff that helps you navigate different options and lets you choose best research solution at most effective cost.
Premium Market Insights has an extensive coverage of industry reports, company reports and country reports across all industries. In case your research needs are not met by syndicated reports offered by leading publishers, we can help you by offering a customized research solution by liaising with different research agencies saving your valuable time and money.
We provide best in class customer service and our customer support team is always available to help you on your research queries. Our commitment to customer service is best exemplified by free analyst support that we offer to our clients which sets us apart from any other provider. We also offer enterprise subscriptions which provide significant cost savings to our clients.

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 Industrial Valves Market Size, Share & Global Insights 2023-2028 here

News-ID: 3081533 • Views:

More Releases from Premium Market Insights

Third Party Logistics Market report explores the huge growth in future scope 2022-2030
Third Party Logistics Market report explores the huge growth in future scope 202 …
The Third party logistics market was valued at US$ 1273.11 million in 2022 and is projected to reach US$ 1929.18 million by 2030; it is expected to register a CAGR of 5.33% during 2022-2030. Get Sample Pdf: https://www.premiummarketinsights.com/sample/TIP00003743?utm_source=OpenPr&utm_medium=10640 The e-commerce ensures timely delivery and if the goods or products are returned then the company has to manage all the operations in reverse logistics. In the e-commerce business, 3PL provider deliver flexibility &
HVAC System Market 2022 Best Workable Strategy That Will Help to Boost your Revenue Till 2028
HVAC System Market 2022 Best Workable Strategy That Will Help to Boost your Reve …
The HVAC system market analysis is projected to reach 579.75 million by 2030 from US$ 246.10 billion in 2022 at a CAGR of 11.3% from 2022 to 2028. Get Sample Pdf: https://www.premiummarketinsights.com/sample/TIP00073598?utm_source=OpenPr&utm_medium=10640 The usage of air conditioners is our safeguard once the common temperature increases. However, many people are seen to be aware of how necessary it is to decide on an air conditioner unit and the way how it is important
HVAC chillers Market Dynamic Growth Factors, COVID-19 impact on Industry Share and Outlook 2021-2028
HVAC chillers Market Dynamic Growth Factors, COVID-19 impact on Industry Share a …
The HVAC chillers market is expected to grow from US$ 9,425.53 million in 2021 to US$ 12,878.92 million by 2028; it is estimated to grow at a CAGR of 4.56% during 2021-2028. Get Sample Pdf: https://www.premiummarketinsights.com/sample/TIP00035242?utm_source=OpenPr&utm_medium=10640 The improving economic conditions across the globe coupled with urbanization has led to the growth in the industrial sector. There has been a rise in the construction of medical centers, malls, complexes, hotels, commercial buildings and
Satellite Communication Terminal Market New Business Opportunities and Investment Research Report by 2023 to 2028.
Satellite Communication Terminal Market New Business Opportunities and Investmen …
The Satellite Communication Terminal Market size was valued at US$ 4,249.0 million in 2023 and it is expected to reach US$ 6,030.7 million by 2028; it is estimated to record a CAGR of 7.3% from 2023 to 2028. The satellite communication terminal market is growing because of the battlefield, the rise in public safety, and the desire for a reliable network during emergencies. The growth of the OTT platforms and IPTV

All 5 Releases


More Releases for Valve

Australian Pressure Safety Valve Market by Offering (Safety Valve and Safety Val …
The availability of abundant natural resources, such as petroleum and shale gas, in Australia is expected to provide profitable opportunities for the Australia pressure safety valve market. Moreover, the government‐™s initiative to encourage offshore exploration of minerals deposits could further boost the business opportunities for market players in Australia. The presence of a wide oil & gas distribution network continues to provide a steady stream of revenue to market players;
Control Valve Market by Region - North America, Latin America, Europe, Japan, AP …
Increasing penetration of automation across several industrial verticals has fuelled the demand for components that regulate pressure, temperature and other elements effectively. Manufacturers are advancing their capabilities in developing control valves for the future industrial demands. New designs are being incorporated to increase the efficiency of control valves in enabling a direct control of the flow rate, and in processing the information on liquid level, temperature and pressure. According to Fact.MR’s
Australian Pressure Safety Valve Market by Offering (Safety Valve and Safety Val …
Australian pressure safety valve market size is expected to reach $65.38 million by 2025 from $52.12 million in 2017, growing at a CAGR of 2.88% during the forecast period (2018–2025). Pressure safety valves (pressure relief valves) are specially designed valves that regulate the surge in pressure within the pressure systems, which otherwise could hinder industrial processes. The valves have outlets that guide the additional flow of fluids or gases, which
Control Valve Market Analysis Report by Region - North America, Latin America, E …
Fact.MRs’ latest forecast study assesses that the global control valve market will expand steadily during the forecast period, 2017-2026. Increasing industrialization and growing use of pneumatics in mechanical processes will drive the adoption of control valves to a considerable extent. The global control valve market will register expansion at a 5.4% CAGR in terms of volume over, the forecast period. By the end of 2026, control valves worth over US$ 15.5 Bn
Bleed Valve Market 2017-Eaton, Weir Group, KSB, Mahle, Mogas, Alfa Laval, Nihon …
Apex Research, recently published a detailed market research study focused on the "Bleed Valve Market" across the global, regional and country level. The report provides 360° analysis of "Bleed Valve Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Bleed Valve industry, and estimates the future trend of Bleed Valve market
Global Plug Valves Market: Yuandong Valve, Yuanda Valve, Weir, Walworth, Zhengqu …
Global Market Study Evaluate on Plug Valves Industry by Type, Manufacturers, Application, Type, and Regions, Forecast up to 2022 The scope of the global Plug Valves market report is: This report offers a comprehensive evaluation of the Plug Valves market. It does so by in-depth qualitative insights, historical Plug Valves market data, and verifiable projections about global Plug Valves market size. The projections featured in the Plug Valves market report have been