Press release
Top Industrial Valves Companies in the World 2024 | IMARC Group
Top Companies in the Industrial Valves Market
The global industrial valves market size reached US$ 73.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 128.6 Billion by 2032, exhibiting a growth rate (CAGR) of 6.2% during 2024-2032.
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The key players in the industrial valve industry are investing in research and development (R&D) to create innovative valve solutions that cater to the changing needs of industries. Emerson added two innovations to its Crosby J-Series pressure relief valve (PRV) product line: Balanced Diaphragm and Bellows Leak Detection. They enable the remote detection of bellows ruptures and do away with the requirement for bellows in pressure relief valves (PRVs), which reduces and accurately calculates volumetric emissions in real time. The key companies in the industrial valves sector have also been aggressively pursuing plans to increase their worldwide presence through partnerships, mergers, and acquisitions. For instance, Vian Enterprises, Inc., a global designer and producer of multi-stage lubrication pumps and lubrication system components for aerospace and defense applications, was purchased by Crane Company in January 2024 for $103 million.
Furthermore, the leading market players are placing a greater emphasis on sustainability efforts by incorporating environmentally friendly materials and production methods into their product offerings, thereby strengthening the market growth. As concerns for environmental conservation and reducing carbon footprint continue to grow, valve manufacturers are striving to develop products that minimize energy usage, emissions, and waste production throughout their life cycle.
Top Industrial Valves Companies in the World:
• 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.
Explore Complete Blog by IMARC Group: https://www.imarcgroup.com/industrial-valves-manufacturing-companies
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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