Press release
Industrial Valves Market is projected to expand at a steady CAGR over the forecast by 2031 | Crane Co., Emerson Electric Co., Flowserve Corporation, Forbes Marshall IMI plc
Industrial Valves Market
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Industrial valves are used to regulate, direct or control the flow of liquids, gases, or other materials in industrial piping systems. Valves may be operated manually, by electricity, or by fluid pressure. They are classified into different types according to their function and structure.
The most common types of industrial valves are ball valves, butterfly valves, check valves, gate valves, and globe valves. Ball valves are used to control the flow of liquids or gases by means of a ball that is rotated to open or close the valve. Butterfly valves are used to regulate the flow of liquids or gases by means of a disk that is rotated to open or close the valve. Check valves are used to prevent the backflow of liquids or gases by means of a flap that is opened or closed by the flow of the fluid. Gate valves are used to control the flow of liquids or gases by means of a gate that is opened or closed by a handwheel. Globe valves are used to regulate the flow of liquids or gases by means of a plug that is rotated to open or close the valve.
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Key Trends and Drivers
Some of the key trends in the Industrial Valves Market are:
The trend towards the development of more sophisticated and specialized valves.
The trend towards the use of more environmentally friendly materials in valves.
The trend towards the development of more automated valves.
The trend towards the development of more reliable and durable valves.
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Market Segments
By Material Type
Cast Iron
Steel
Alloy-Based
Others
By Application
Oil & Power
Water & Wastewater
Chemical
Food & Beverage
Key Players:
AVK Holding A/S
Avcon Controls
Schlumberger Limited
Crane Co.
Emerson Electric Co.
Flowserve Corporation
Forbes Marshall
IMI plc
Metso Corporation
The Weir Group plc
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