Industrial Valves Market Size, Share, Top Manufacturers, Growth Drivers and Forecast Analysis Till 2028

The latest report published by IMARC Group, titled "Industrial Valves Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global industrial valves market size reached US$ 68.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 105.0 Billion by 2028, exhibiting a growth rate (CAGR) of 7.1% during 2023-2028.

Download a free sample report to get a detailed overview of the market: https://www.imarcgroup.com/industrial-valves-market/requestsample

Industrial Valves Market Trends:

The increasing investments in infrastructure, including water and wastewater treatment plants, power generation facilities, and urban development, represents one of the key factors driving the growth of the market across the globe. The energy sector, particularly oil and gas, is a significant user of industrial valves for exploration, extraction, refining, and pipeline operations. Growing energy needs globally stimulate the market growth. Increasing focus on water management and wastewater treatment due to environmental concerns necessitates the use of valves in controlling water flow and treatment processes. The expansion of the chemical and pharmaceutical industries, which require precise flow control systems for liquids and gases, thus contributing to the market expansion.

Innovations, such as smart valves equipped with sensors and actuators for better flow control, efficiency, and remote monitoring align with the growing Industrial Internet of Things (IIoT) trend. Stringent regulations regarding emissions and safety standards in industries mandate the upgrading and maintenance of valve systems, which is bolstering the market growth. The need for safety in manufacturing processes and the necessity for regular maintenance and checks also drive the demand for high-quality industrial valves.

Competitive Landscape With Key Players:

The competitive landscape of the industrial valves market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

AVK Holding A/S
Cameron International Corporation (Schlumberger)
The Crane Company
Emerson Electric Co.
Flowserve Corporation
Forbes Marshall
IMI Plc
Kitz Corporation
Neway Valves (Suzhou) Co. Ltd.
Samson AG
Velan Inc.

Key Market Segmentation:

The report has segmented the global industrial valves market based on product type, functionality, material, size, end use industry and region.

Breakup by Product Type:

Gate Valve
Globe Valve
Butterfly Valve
Ball Valve
Check Valve
Plug Valve
Others

Breakup by Functionality:

On-Off / Isolation Valves
Control Valves

Breakup by Material:

Steel
Cast Iron
Alloy Based
Others

Breakup by Size:

Upto 1"
1"-6"
7"-25"
26"-50"
51" and Above

Breakup by End Use Industry:

Oil and Gas
Power
Pharmaceutical
Water and Wastewater Treatment
Chemical
Food and Beverage
Others

Breakup by Region:

North America
Asia Pacific
Europe
Latin America
Middle East and Africa

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=2790&flag=C

Industrial valves are mechanical devices that control the flow and pressure of liquids, gases, and slurries within a system. They are essential components in a vast range of industrial processes and are found in sectors such as oil and gas, water and wastewater treatment, power generation, and manufacturing. Valves come in various designs, including gate, globe, ball, butterfly, check, and diaphragm types, each tailored to specific functions and applications. They can start or stop flow, regulate, or throttle flow, prevent backflow, regulate pressure, or relieve pressure.

Key Highlights of the Report:

Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
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State: NY
Country: United States
Website: https://www.imarcgroup.com/

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This release was published on openPR.