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(2023-2032) Isolation Valves Market Report: Global Size, Trends, Competitive Analysis, Types, Applications And Outlook
Isolation Valves Market
Isolation Valves Market Size, Growth Rate, And Forecast
The global isolation valve market size is expected to grow from $3.40 billion in 2022 to $3.57 billion in 2023 at a compound annual growth rate (CAGR) of 5.1%. 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 global isolation valve market size is expected to reach $4.42 billion in 2027 at a CAGR of 5.5%.
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Isolation Valves Market Drivers
The growth of the oil and gas industry is expected to propel the growth of the isolation valve market going forward. The oil and gas industry refers to the global process of exploring, mining, processing, transporting, and distributing petroleum and natural gas products to supply energy to diverse sectors such as transportation, manufacturing, and power generation. Isolation valves are a key element in the oil and gas industry, as they are used to isolate specific parts of a pipeline or process system to facilitate maintenance, repair, and safety procedures, as well as to control the flow of fluids or gases, prevent backflow, and regulate pressure.
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Isolation Valves Market Segments
1) By Type: Ball Valves, Butterfly Valves, Knife Gate Valves, Plug Valves, Other Types
2) By Operation Type: Automated Valve, Manual Valve
3) By Sales Type: Original Equipment (OE), Aftermarket
4) By End-Use Industry: Oil And Gas, Power Generation, Chemical And Petrochemical, Water And Wastewater, Other End-Use Industries
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Isolation Valves Market.
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Isolation Valves Market Key Players
Major competitors in the Isolation Valves Market include Emerson Electric Co., Orion Valves, KITZ Corporation, Spirax-Sarco Engineering PLC., Frank's International NV, The Weir Group PLC., Flowserve Corporation, Velan Inc., Crane Company, Trillium Flow Technologies, MKS Instruments Inc., Schlumberger Limited., Forbes Marshall, Baker Hughes Company, Colton Industries and Della Foglia Srl
The Business Research Company's "Global Isolation 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 Isolation Valves Market Include:
1. Executive Summary
2. Isolation Valves Market Characteristics
3. Isolation Valves Market Trends And Strategies
4. Isolation Valves Market - Macro Economic Scenario
5. Isolation Valves Market Size And Growth
.......
26. Africa Isolation Valves Market
27. Isolation Valves Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Isolation Valves Market
29. Isolation Valves Market Future Outlook and Potential Analysis
30. Appendix
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