The global industrial valve market was valued at USD 66.25 billion in 2017 and is expected to reach USD 99.76 billion by 2026, growing at a CAGR of over 5.25% during the forecast period.The global industrial valve market is segmented by material type, size, valve type, industry, and region.The industrial valve market segmented by material type is segmented into cast iron, steel, low temperature, and alloy based.By size type up to 1, 1 to 6, 6 to 25, 25 to 50, 50 and larger.According to the valve type, it is divided into ball valve, butterfly valve, gate valve, globe valve, check valve and plug valve.Segmentation by industry type into Oil & Gas, Water & Wastewater, Energy & Power.Geographically divided into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
In terms of material type segmentation, the cryogenic valve segment is a major segment of the industrial valve market.Cryogenic valves for isolation are installed in the oil and gas and chemical industries to separate two media.Due to the competitive trends of chemical companies in Asia Pacific and Europe, the plug valve will grow faster than other valves in the valve type segment.The oil & gas industry is expected to account for the major size of the industrial valves market over the forecast period, and rising gas exploration and refinery reserves are likely to increase the demand for these valves.
The market demand for industrial valves is increasing as smart city development projects are essential.The huge demand for automation and predictive maintenance technology in the manufacturing industry is also integrating IoT technology into industry.It slows down the extraction of natural gas and oil and is very expensive to manufacture.
Asia Pacific holds a major share in the global industrial valve market as urbanization, rapid industrialization and population growth along with rising industrialization demand will drive the demand for the industrial valve market.All other regions are following closely, contributing to the growth of the vibration level switch market.
The report includes detailed profiles of key market players in the market trends.AVK Holding A/S, Avcon Controls Private Limited, Cameron-Schlumberger Limited, Crane Co., Emerson, Flowserve Corporation, Forbes Marshall, IMI Plc., Metso, The Weir Group Plc., etc.Global Industrial Valve Market Scope: Global Industrial Valve Market, by Material Type: Cast Iron Stainless Steel Low Temperature Alloy Base Other Global Industrial Valve Market, by Size: Up to 11 to 66 to 2525 to 5050 and Larger Valve Plug Valve Safety Valve Ball Valve Butterfly Valve Check Valve Diaphragm Valve Gate Valve Global Industrial Valve Market, By Industry: Oil & Gas Water & Wastewater Treatment Energy & PowerChemicalsFood & Beverage Pharmaceutical Construction Agriculture Pulp & Paper Metal Mining Other : North America Europe Asia Pacific Latin America Middle East and Africa Key Players in the Global Industrial Valve Market: Emerson Weir Group PLC Fox Cameron – Schlumberger IMI PLC Spirax Sarco Cranes Ltd Kitz Corporation Metso Corporation Neway Valves (Suzhou) Co., Ltd. Velan Inc. Samson AGAVK Holdings A/SAvcon Controls Forbes Marshall Swagelok Ham–LetDwyer InstrumentsKIM ValvesApollo Valves
Post time: Feb-11-2022
