Industrial Valves Market Forecast Report 2020 – 2027 – Top Key Players Analysis
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About Industrial Valves Market
Industrial valves refer to the devices that are used to regulate liquids, gases, and sludge. They are also known as regulators and are have a wide variety of applications. Valves vary widely in size, function, design, and operation. There are numerous methods that can be used to classify valves, such as its control mechanism and function.
The significant factors which are boosting the growth of the global industrial valves market include the strong demand for industrial valves for oil & gas production, the increasing number of smart cities projects at the global level, and the accelerating demand for predictive maintenance techniques in the manufacturing sector. Moreover, the increasing demand from the power industry is further energizing the market growth. In power industries, valves are used in various applications such as feed pump recirculation, turbine bypass, boiler startups, and steam conditioning. The rising number of government investments for pipeline infrastructure development, mainly in the oil & gas sector is surging the demand for the industrial valves. Continuous advancements of industrial valves such as the integration of the Industrial Internet of Things (IIoT) will bring several growth opportunities in the market. As per the industrial valves market report, the reduction in oil & gas extraction is the major factor that is restraining the market growth.
Competitive Landscape
The notable players in the Industrial Valves market include Flowserve Corporation, Crane Co., KITZ Corporation, Schlumberger Limited, Emerson Electric Co., The Weir Group PLC, IMI plc, Spirax Sarco Limited, Metso Corporation, and Neway valve, among others.
Market Segmentation
Industrial Valves Market by Material:
- Stainless Steel
- Cast Iron
- Cryogenic
- Alloy Based
- Others
o Brass
o Bronze
o Plastic
Industrial Valves Market by Valve Type:
- Ball Valves
- Butterfly Valves
- Check Valves
- Diaphragm Valves
- Gate Valves
o Standard Plate Gate Valves
o Wedge Gate Valves
o Knife Gate Valves
- Globe Valves
- Plug Valves
- Safety Valves
Industrial Valves Market by Size:
- Up to 1”
- 1–6”
- 6–25”
- 25–50”
- 50” and Larger
Industrial Valves Market by Industry:
- Oil & Gas
- Water & Wastewater Treatment
- Energy & Power
- Chemicals
- Food & Beverages
- Pharmaceuticals
- Construction
- Agriculture
- Pulp & Paper
- Metals & Mining
- Others
Industrial Valves Market by Region:
- North America
o United States of America
o Canada
- Asia Pacific
o China
o Japan
o India
o Rest of APAC
- Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
- RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
o Rest of the world (remaining countries of the LAMEA region)
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