Industrial Valves Market is projected to expand at a steady CAGR during 2021-2031 | Emerson Electric Co., Flowserve Corporation, KITZ Corporation, IMI plc

New York, According to a new market research report published by Global Insight Services Industrial Valves Market is expected to grow by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the 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.

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 Segmentation:

Industrial Valves Market is segmented into Application, material type, valve type and region. Based on application the market is categorized into Oil & Power, Water & Wastewater, Chemical, Food & Beverage and Others. On the basis of material type, it is further segmented into Cast Iron, Steel, Alloy-Based and Others. Based on valve type it is segmented into Ball Valves, Butterfly Valves, Gate Valves, Globe Valves, Plug Valves, Check Valves and Diaphragm Valves. Whereas based on region it is divided into North America,Europe,Asia-Pacific and Rest of the World .

Key Players:

The Industrial Valves Market Report includes players such as Emerson Electric Co. (U.S), Flowserve Corporation (U.S), KITZ Corporation (Japan), IMI plc (U.K), Spirax-Sarco Engineering plc (U.K), Crane Co. (U.S), Velan Inc. (Canada), Weir Group plc (U.K), Samson AG (Germany) and Danfoss A/S (Denmark), among others.

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Reasons to buy Industrial Valves Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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