Press release
Global Surge in Water and Wastewater Valve Market 2023-2032: Flowing Forward
Essential components in regulating the flow and pressure of gases and liquids, water and wastewater valves play a pivotal role in various industrial processes. The integration of artificial intelligence and the Internet of Things (IoT) through the "Industry 4.0" upgrade opens new avenues for market growth. As industries undergo valve upgrades and replacements using automation technology to enhance production efficiencies, the water and wastewater valve market is projected to reach $14.7 billion by 2032, with a CAGR of 4.5% from 2023 to 2032.
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Key Insights:
Prime Determinants of Growth:
The global water and wastewater valve market is on the rise, fueled by population growth, urbanization, and increased investments in the oil and gas industry in North America.
Despite challenges like increased tariffs on raw materials, technological advancements offer abundant opportunities for the industry in the coming years.
COVID-19 Impact and Recovery:
Initial downturns during the global lockdowns due to the COVID-19 pandemic have been overcome, with demand for water and wastewater valves rebounding as the global situation improved.
This recovery has presented growth opportunities for companies in the water and wastewater valve market.
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Segment Highlights:
Type:
The ball segment maintains its leadership status, accounting for over one-fourth of the market revenue in 2020 and estimated to continue leading throughout the forecast period.
The butterfly segment is projected to exhibit the highest CAGR of 6.9% from 2023 to 2032, driven by increased demand from the oil and gas industry.
Material:
The steel segment holds the highest market share, accounting for over two-fifths of the market revenue in 2020 and expected to maintain its leadership status throughout the forecast period.
The alloy-based segment is projected to manifest the highest CAGR of 5.0% from 2023 to 2032, owing to the growing preference for sustainable and innovative smelting, mining, mineral recovery, and recycling technology.
End User Industry:
The oil and gas segment maintains its lead position, contributing to more than half of the market revenue in 2020.
The power generation segment is expected to portray the largest CAGR of 7.9% from 2022 to 2032, driven by the increasing demand for electricity and the need for a reliable power supply.
Region:
Asia-Pacific holds the highest market share in terms of revenue, accounting for around two-fifths of the water and wastewater valve market revenue in 2020.
LAMEA is expected to witness the fastest CAGR of 4.9% from 2022 to 2032, propelled by rising construction and infrastructure sectors in developing countries.
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Leading Market Players:
The report profiles key players in the water and wastewater valve market, including AVK Holding, Anything Flows LLC, Avcon Controls Pvt. Ltd., Böhmer GmbHCrane, Davis Valve, EG Valves Manufacturing Co., Ltd., Emerson Electric Co., Flow Control Technology Valve, Flowserve Corp., and Fluid Chem Valves (India) Pvt. Ltd. These market players have strategically adopted diverse strategies, such as new product launches, business expansion, acquisitions, collaborations, and more, to increase their market share and maintain dominance in various regions.
For a detailed analysis of market players, strategies, and performance, access the full report: https://www.alliedmarketresearch.com/water-and-wastewater-valve-market-A31338
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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