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Industrial Valves Market worth $119.87 billion by 2030, growing at a CAGR of 5.42% - Exclusive Report by 360iResearch
Industrial Valves Market | 360iResearch
The Global Industrial Valves Market to grow from USD 82.82 billion in 2023 to USD 119.87 billion by 2030, at a CAGR of 5.42%.
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Industrial valves are specialized mechanical devices designed for regulating, controlling, and directing the flow of fluids such as gases, liquids, and slurries within various industrial processes and infrastructures. Rapid urbanization and industrialization, coupled with increased demand from the water & wastewater treatment sector to ensure a safe drinking water supply, fuels the use of industrial valves across diverse industries. Stringent environmental regulations imposed by governments worldwide have compelled industries to adopt advanced valve technologies to minimize pollution emissions. However, the high initial investment required for installing advanced valve systems poses a significant challenge for small-scale industries operating on low budgets. Additionally, technological advancements such as smart valve systems with IoT integration offer potential opportunities for manufacturers to develop innovative solutions that can cater to diverse industry requirements.
The industrial valves market is evolving in the Americas owing to the rising demand for industrial valves due to advancements in oil & gas exploration activities and investments in water infrastructure projects. Furthermore, increased emphasis on wastewater management systems has driven growth in this region. The European Union countries within the EMEA region have witnessed a steady demand for industrial valves as companies strive to conform to strict environmental regulations concerning emissions and waste management. This has led to increased investments in research & development to improve technological innovations in valve designs. In contrast, the Middle East showcases growth driven by continued investment in oil production facilities, while Africa remains an emerging market with potential opportunities arising from water infrastructure development projects. The Asia-Pacific region presents immense potential for growth in the industrial valves sector due to rapid urbanization, growing manufacturing industries, and large-scale infrastructure projects. Besides, using advanced manufacturing technologies, including 3D printing, can improve the properties and durability of valves and encourage their deployment across end-use sectors globally.
Market Segmentation & Coverage:
This research report categorizes the Industrial Valves Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Material, market is studied across Alloy Based, Cast Iron, Cryogenic, and Stainless Steel. The Cast Iron commanded largest market share of 48.56% in 2023, followed by Stainless Steel.
Based on Product, market is studied across Ball Valves, Butterfly Valves, Check Valves, Diaphragm Valves, Gate Valves, Globe Valves, and Plug Valves. The Butterfly Valves commanded largest market share of 19.72% in 2023, followed by Globe Valves.
Based on Size, market is studied across 1-6 Inch, 25-50 Inch, 50 Inch and Larger, 6-25 Inch, and Up to 1 Inch. The 50 Inch and Larger is projected to witness significant market share during forecast period.
Based on End User, market is studied across Automotive, Chemicals and Pharmaceuticals, Construction, Energy & Power, Food & Beverages, Metals & Mining, Oil & Gas, Pulp & Paper, and Water & Wastewater Treatment. The Construction is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 39.04% in 2023, followed by Asia-Pacific.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Industrial Valves Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Industrial Valves Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Industrial Valves Market, highlighting leading vendors and their innovative profiles. These include ABB Limited, Amco Industrial Valves, American Valve, Inc., Astech Valve Co., Ltd., AVK Holding A/S, Crane Co., Emerson Electric Co., Flowjet Valves Pvt. Ltd., Flowserve Corporation, Forbes Marshall Pvt. Ltd., Gemco Valve LLC, Hambaker Limited, IMI PLC, Industrial Valves & Equipments, KSB SE & Co. KGaA, L&T Valves Limited, LESER GmbH & Co. KG, Linuo Valves USA, Novel Valves India Pvt. Ltd., Okano Valve Mfg. Co. Ltd., Pentair PLC, Powell Valves, RITAG Ritterhuder Armaturen GmbH & Co., Rohre Valves GmbH, Sap Industries Limited, Schlumberger Limited, Schneider Electric SE, Spraytech Automation India Pvt. Ltd., The Weir Group PLC, Valtorc International, Valves Industries Ltd., and Zhejiang Xinhai Valve Manufacturing Co., Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Industrial Valves Market, by Material
7. Industrial Valves Market, by Product
8. Industrial Valves Market, by Size
9. Industrial Valves Market, by End User
10. Americas Industrial Valves Market
11. Asia-Pacific Industrial Valves Market
12. Europe, Middle East & Africa Industrial Valves Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Industrial Valves Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Industrial Valves Market?
3. What is the competitive strategic window for opportunities in the Industrial Valves Market?
4. What are the technology trends and regulatory frameworks in the Industrial Valves Market?
5. What is the market share of the leading vendors in the Industrial Valves Market?
6. What modes and strategic moves are considered suitable for entering the Industrial Valves Market?
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