Covid 19 Outbreak Impact Research Report “Industrial Valves Market Growth 2021-2030″ Added by Report Ocean is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country segmentation, competitive landscape, market shares, trends and strategies for this market.It tracks the history of the market and forecasts market growth by geographic location.It places the market in the context of the broader industrial valve market and compares it to other markets., Market Definition, Regional Market Opportunities, Sales and Revenue by Region, Manufacturing Cost Analysis, Industry Chain, Market Influence Factor Analysis, Industrial Valves Market Size Forecast, Market Data & Charts & Statistics, Tables, Bar Graphs & Pies Graphs, etc., for business intelligence.
The global industrial valve market size is expected to reach USD 107,356.7 million in 2027 from USD 86,202.7 million in 2019, growing at a CAGR of 3.5% from 2020 to 2027.
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Industrial valves are used in nearly every process industry.They are primarily used to regulate, direct and control the flow of liquids, slurries, gases, vapors and other substances through piping systems.They are high-performance devices manufactured using cast iron, carbon steel, stainless steel, various metal alloys, bronze and many other high-performance materials.The valve body is mainly composed of the valve body, valve seat and valve stem and can be manufactured with or without a single material.
Additionally, industrial valves are primarily custom designed and manufactured, and are also available as pre-engineered valves according to industry requirements.In addition, globe valves, butterfly valves, ball valves, gate valves, plug valves, pinch valves and check valves are widely used in oil and gas, food and beverage, water and wastewater, chemical and other prominent processing industries.
Advances in valve automation and control technology have contributed significantly to the growth of the industrial valve market in recent years.Automatic valves allow remote handling, which is beneficial in hazardous and remote environments in the oil and gas industry, chemical industry, and power plants.Furthermore, standard valves can be easily upgraded with automatic actuator systems or automatic control systems, which is driving the growth of the industrial valve market.
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Furthermore, increasing investments in oil and gas storage and refining infrastructure, mainly in North America, are driving the demand for industrial valves.North American countries such as the United States and Canada are the main importers of industrial valves from Asian and European countries.Therefore, the development of the oil and gas industry in North America is driving the growth of the global industrial valve market.In addition, the demand for industrial valves in the food and beverage industry has increased significantly, mainly from developing countries in Asia Pacific and Latin America.The food and beverage processing industry has seen high growth in countries such as India, Brazil, and others, with a surge in agriculture and increased demand for processed foods.This in turn creates a high demand for industrial valves.Thereby promoting the growth of the industrial valve industry.
However, the saturation of industrial growth in major developed countries such as Germany, the United States, and the United Kingdom is likely to significantly affect the growth trend of industrial valves.Mainly due to the developed industrial infrastructure, the demand for new industrial valves in the above-mentioned countries is very slow.This is likely to restrain the growth of the industrial valve market.In addition, trade tensions between the United States and China have led to new tariffs on various metals such as stainless steel and aluminum, which are mainly used to make industrial valves.This, in turn, has led to soaring production costs and supply chain disruptions in the global industrial valve industry, which is likely to restrain the global industrial valve market growth.
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Conversely, technological advancements in industrial valves, such as the implementation of automation and control technologies, are likely to create lucrative growth opportunities for the global industrial valves market.
The global industrial valve market is segmented into material type, valve type, application, and region.By material type, the market is segmented into cast iron, steel, alloy-based, and others.According to the valve type, it is divided into ball valve, butterfly valve, gate valve, globe valve, plug valve, check valve and diaphragm valve.According to the use, it is divided into petroleum and electricity, water and wastewater, chemical industry, food and beverage, etc.
The global industrial valve market was analyzed in North America (United States, Canada and Mexico), Europe (United Kingdom, Germany, France, Italy and Rest of Europe), Asia Pacific (China, India, Japan and Rest of Asia Pacific) and LAMEA (Latin America, Middle East and Africa).North America is expected to hold the largest market share throughout the study period, with Asia Pacific expected to grow at the fastest rate.
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Key market players profiled in the report include AVK Holding A/S, Avcon Controls Private Limited, Schlumberger Limited, Crane Co., Emerson Electric Co., Flowserve Corporation, Forbes Marshall, IMI plc, Metso Corporation and The Weir Group plc.
Many competitors in the industrial valve market have adopted acquisitions as their key development strategy to expand their geographic foothold and upgrade product technology.For example, in June 2019, Crane Co. acquired Circor International Corporation, a US-based manufacturer of flow and motion control products.It provides pumps, valves, actuators and more for industrial applications, and the acquisition helps Crane Co. increase its foothold in the United States.Likewise, in August 2019, IMI plc acquired PBM Inc., a manufacturer of specialty valves and a broad portfolio of industrial valves and other flow control products.
– The report provides an extensive analysis of current and emerging global Industrial Valves market trends and dynamics.-In-depth analysis of the market with market estimates for key segments from 2019 to 2027.– Extensive analysis of the market is carried out by tracking key product positioning and monitoring of the leading competitors within the market framework.A comprehensive industrial valve market opportunity analysis for all countries is also provided in the report.The forecast analysis of the global industrial valve market from 2020 to 2027 is included in the report.-The key market players in the market and a thorough analysis of their strategies are profiled in this report which helps to understand the competitive landscape of the industry.
According to Statista, as of 2021, the United States holds about 36% of the global market share of information and communication technology (ICT).The EU ranks second with a market share of 16%, followed by 12%, and China ranks third.Furthermore, it is predicted that the ICT market will exceed US$6 trillion by 2021 and nearly US$7 trillion by 2027.In today’s society, continued growth is another reminder that technology has become ubiquitous and vital.Over the next few years, traditional tech spending will be driven primarily by big data and analytics, mobile, social and cloud computing.
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This report analyzes the fastest growing countries in the global primary production, consumption and growth of the information and communication technology (ICT) market.Prominent players of the global information and communication technology market (ICT) are also included in the report.
By Valve Type – Ball Valve – Butterfly Valve – Gate Valve – Globe Valve – Plug Valve – Check Valve – Diaphragm Valve
By Application – Petroleum & Power – Water & Wastewater – Chemical – Food & Beverage – Other
By Region – North America – United States – Canada – Mexico – Europe – United Kingdom – Germany – France – Italy – Rest of Europe – Asia Pacific – China – India – Japan – Rest of Asia Pacific – Latin America – Latin America – Middle East – Africa
The market report presents the estimated size of the ICT market by the end of the forecast period.The report also examines historical and current market size.
The report presents the current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and Middle East & Africa markets.
The report provides a comprehensive view of the market based on geographic scope, market segmentation, and financial performance of key players.
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This market report presents the projected market size of the Single Mode Optical Fiber market by the end of the forecast period.The report also examines historical and current market size.
Based on various metrics, the graph shows the year-over-year growth (%) and compound annual growth rate (CAGR) for the given forecast period.
The report includes market overview, geographic scope, segmentation, and financial performance of key players.
The report examines the current state of the industry and potential growth opportunities in North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa.
The report includes data on North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
This report analyzes current and future market trends by region, providing information on product usage and consumption.
The market report includes the growth rate for each region, based on the country during the forecast period.
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Reports include information about each manufacturer, such as profiles, revenue, product pricing, and other relevant information about manufactured products.
This report includes a comparison of competitors in the market and a discussion of the positions of key players.
Market reports provide information on the latest developments, mergers and acquisitions of key players.
This report provides comprehensive information on the factors expected to influence future market growth and market share.
The report provides the market status and future prospects in various geographic regions.
The report provides qualitative and quantitative information on the competitive landscape of the market.
Combined with Porter’s five forces analysis, it can be used as a SWOT analysis and a competitive landscape analysis.
It provides an in-depth analysis of the market, highlighting its growth rate and growth opportunities.
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Post time: Jan-17-2022
