The growing demand for wireless infrastructure for monitoring plant equipment, and increasing attention to technological advancement is a key factor driving market growth
New York City, New York, USA, January 3, 2022/EINPresswire.com/–It is predicted that the global mixing valve market in 2028 is expected to reach 1.740 billion US dollars, and the compound annual growth rate of revenue during the forecast period is 5.8%.The latest report of reports and data.The growing demand for improved flow control and corrosive media handling applications in the chemical and water treatment industries is a key factor driving market revenue growth.The mixing valve is a smooth valve that can be operated mechanically and electrically to improve the efficiency of the metering pump.These valves can be controlled manually or electronically, thereby increasing reliability and convenience.It is simple to set up and can be used in various industries, including metals and mining, oil and gas, food and beverages, water and wastewater treatment, etc.
The increasing need to reduce excessive noise, pressure, vibration and cavitation in important operations, as well as corrosion problems in the oil and gas industry, is a key factor that is expected to drive market revenue growth to a large extent during the forecast period.The use of 3D printers on production lines and the increasing number of oil refineries, petrochemical plants and chemical plants around the world have also contributed to the growth of market revenue.
The main companies introduced in the market report are Emerson Electric Co., IMI Plc., CIRCOR International, Inc., Wuxi SMART Auto-control Enginerng Co. Ltd., Dymet Alloys, Carter Process Control GmbH, Trillium Flow Technologies, Flowserve Corporation, L&T Valves Limited and Koso Parcol.
• The steel sector has the largest revenue share in 2020 due to the increasing demand for high temperature and steam-added application materials, which are essential in the water and wastewater treatment industry.• The> 1″ to 6″ part is expected to account for a large revenue share of the global hybrid valve market during the forecast period.Increasing adoption of 1″-6″ mixing valves in various industries such as energy and power, oil and gas, pharmaceuticals, and food and beverage is expected to promote revenue growth.These valves control the flow and pressure of water, oil and chemicals in the pipeline.• The chemical sector is expected to have the highest compound annual revenue growth rate during the forecast period.Due to the large number of possible on-site noise sources, mixing valves are increasingly used to deal with various noises generated by chemical plants.Valves, mixers, high-pressure pumps, centrifuges, and accompanying pipes all generate noise, which can harm the health of employees and disturb the surrounding community.• The North American market accounted for a considerable share of revenue in the global hybrid valve market by 2020. It is expected that more and more private-label store brands in countries in the region will contribute to the expansion of the hybrid valve market.In addition, the increase in the use of chemicals is expected to drive demand for the production and consumption of mixing valves, increase the sales revenue of mixing valves in the region, and promote revenue growth in the regional market.
View the full report “Hybrid Valve Market” @ https://www.reportsanddata.com/report-detail/hybrid-valve-market
For the purpose of this report, Reports and Data has segmented the global hybrid valve market based on material, valve size, end use, and region:
• Oil and gas • Water and wastewater treatment • Energy and electricity • Food and beverages • Chemicals • Building and construction • Pharmaceuticals • Pulp and paper • Metals and mining • Agriculture • Others
The research includes the use of advanced research methods (such as SWOT analysis and Porter’s five forces analysis) to conduct in-depth analysis of the market.The report further explores key business players and their in-depth analysis, product portfolio and strategic business decisions.The report was developed through extensive primary and secondary research and further verified by analysts, industry experts and market professionals.The report also shed light on recent mergers and acquisitions, joint ventures, cooperation, partnerships, and product launches.
Regional analysis includes assessments of imports and exports, production and consumption ratios, supply and demand, costs, prices, estimated revenue and gross margins, and the presence of major players in the region.The report also provides insights on revenue growth, market size, market share, technological progress, and the presence of major players in each region.
• North America (United States, Canada, Mexico) • Europe (UK, Italy, Germany, France, rest of Europe) • Asia Pacific (India, Japan, China, South Korea, Australia, other regions of Asia Pacific) • Latin America (Chile, Brazil) , Argentina, other regions of Latin America) • Middle East and Africa (Saudi Arabia, UAE, South Africa, other regions of MEA)
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Post time: Jan-06-2022
