Industrial Valves Market - By Material Type (Steel, Cryogenic, Alloy Based, Cast Iron, Others), By Application (Mining, Food and Beverage, Power Plants, Chemical Industries, Waste Water Treatment, Steel Industry, Others), By Valve Type (Ball Valves, Butte
Industry Insights
There are different types of industrial valves available in the market. Today, these valves find numerous applications such as to start/stop the flow, to modulate the flow, to change the direction of the flow, and others, across multiple industries including oil & gas, chemical, food & beverage and more. Global industrial valves market is expected to surpass USD 78 billion by 2025, by maintaining a prominent compound annual growth rate over the projected period.
Market Insights
Growth Drivers – Industrial Valves Market
Development of Smart of Homes
Industrial Valves find foremost application in oil & gas, mining, pulp & paper, chemical and other industries. As the industrialization is rising across all regions, especially in emerging economies such as India, Brazil, China and others, the demand for industrial valves is expected to rise in upcoming years. Mining industry is one of the major end-users of industrial valves, and since the mining industry across the globe is flourishing owing to number of reasons, the industrial valves market is likely to follow the same path as mining industry in future. Rapid growth in industries such as water & wastewater treatment, oil & gas, chemical and petrochemical, where liquid handling is essential, the demand for valves is intensely high and this is a major driving factor behind rising consumption of industrial valves across the globe. Ongoing government & municipal projects for water & wastewater treatment, rising expenditure on oil & gas exploration activities by countries such as U.S. & China are two of the many factors, which are projected to bolster the consumption rate of industrial valves in upcoming years.
Growing Construction Sector
Over the next few years, the industry is optimistic, as the construction outlook is positive and, with a burgeoning world economy, the sector is expected to be on the path of growth as well. This rise in construction activities is causing growth in demand for industrial valves. Government initiatives such as water infrastructure development, wastewater treatment project and others are also predicted to positively affect the demand for industrial valves in future.
Barriers - Industrial Valves Market
Although the industrial valve is a huge market, it is poised to face several serious challenges in coming years. The industry lacks standardization of products, which has resulted in emergence of large number of manufacturers. Also, expansion of un-organized market and growing compatibility issues with products are likely to hamper the growth of global industrial valves market in future.
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Segmentation
The research offers a comprehensive analysis of industrial valves market with respect to following sub-markets:
By Material Type
- Steel
- Cryogenic
- Alloy Based
- Cast Iron
- Others
By Valve Type
- Ball Valves
- Butterfly Valves
- Gate Valves
- Glove Valves
- Plug Valves
- Diaphragm Valves
- Check Valves
- Others
By Application
- Mining
- Food and Beverage
- Power Plants
- Chemical Industries
- Wastewater Treatment
- Steel Industry
- Others
By Geography
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Competitive Landscape
The report profiles various major market players such as:
- Weir Group
- Flowserve Corporation
- IMI PLC
- Schlumberger Limited
- Forbes Marshall
- Avcon Controls Private Limited
- ITT Inc.
- Emerson
- Pentair plc
- Tyco International
- Velan
- Jash Engineering Ltd
- Mueller Water Products
- T-T Pumps
- Econosto
- RED VALVE COMPANY, INC.
- FKB
- KSB
- FLSmidth
- AVK Holdings A/S
- Other Major & Niche Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, and recent news (acquisition, expansion, technology development, research & development expansion and other market activities).
The study also provides company’s positioning and market share in industrial valves market.
Timeline Considered for Analysis:
• 2019- Base Year
• 2020 – Estimated Year
• 2020 to 2025 – Forecasted Year
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the global industrial valves market by the following segments:
- Material Type
- Application
- Valve Type
Geographic Market Analysis:
The report offers separate analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition, further breakdown of market data and analysis of region into countries is covered in the report.
Key Questions Answered in the Global Industrial Valves Industry Report
• What is the overall market size in 2019? What will be the market growth during the forecast period i.e. 2020-2025?
• Which region would have high demand for product in the upcoming years?
• What are the factors driving the growth of the market?
• Which sub-market will make the most significant contribution to the market?
• What are the market opportunities for existing and entry-level players?
• What are various long-term and short-term strategies adopted by the market players?
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- Publication date: 29th May 2019
- Base year: 2022
- Forecast year: 2023-2033
- Format: PDF, PPT,Word,Excel
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