Press release
Industrial Valves Market, globally to Expand Their Businesses $88.4 Bn by 2021
Industrial Valves Market
Key players profiled in the report include Alfa Laval, Velan Inc., GWC Valve International Inc, Delta Pacific Valves Ltd., Cameron International, Goodwin Plc , Camtech Valves , Pentair Plc. , Neway Valve (Suzhou) Co., Ltd. and Valvitalia S.P.A amongst others.
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Developing countries such as India, China & Brazil are continuously expanding their industrial infrastructure. Rising urbanization has led industrial valve market to grow rapidly from past few years. Increasing offshore oil and gas projects across the globe, rising demand from manufacturing & process industry due to improved safety and reduced operating costs, ongoing efforts to expand water infrastructures in developing countries are the major factors expected to favor the growth of industrial valve market.
On a contrary, uncertainty in crude oil prices which makes the project economically unstable may hamper the market growth over the years to come. Nonetheless, rising demand of energy from all sectors is expected to open up new growth opportunities in the coming years.
Ball valve accounted 20% of the revenue share of the overall market in 2015. Ball valves are quarter-turn, straight-through valves used in situations where tight shut-off is required. Use of gate valves in application sector such as oil and gas industry, pharmaceuticals, manufacturing, automotive, and marine is expected to experience significant growth in the forecast period.
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Along with 22% revenue share oil & gas application segment emerged as the largest application segment in 2015. Increasing pipeline installations and need for monitoring & controlling from centralized location has prompted the growth & demand of industrial valves. Ongoing efforts to expand water infrastructures in developing countries are expected to show significant growth in water & wastewater application segment.
Ongoing efforts to expand water infrastructures in India ,China, and Indonesia coupled with increasing demand from chemical and mining industries is fueling the growth of the market in Asia Pacific region. Africa is considered as one of the most attractive markets for industrial valves due to rising power sector. Oil & gas production is one of the major driving factors for escalating demand for an industrial valve in North America.
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This report segment of the global of industrial valves market as follows: Type Segment Analysis(Gate valve, Butterfly valve, Ball valve, Check valve, Globe valve). Application Segment Analysis(Oil & Gas, Chemical, Power, Water & Wastewater, Other application). Regional Segment Analysis: North America(US), Europe(Germany, France, UK), Asia Pacific(China, Japan, India)Latin America(Brazil, Middle East, Africa).
About Us: Zion Market Research is an obligated company. We create futuristically, cutting edge, informative reports ranging from industry reports, a company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with Vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from Cardinal Industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
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