Global Industrial Valves Market Report 2022: Market to Reach

DUBLIN–(BUSINESS WIRE)–The “Industrial Valves – Global Market Track and Analysis” report has been added to ResearchAndMarkets.com’s offerings.
The global industrial valves market was estimated at USD 73.2 billion in 2020 and is expected to reach a revised size of USD 92.3 billion by 2026, growing at a CAGR of 3.9% during the analysis period.Ball valve, one of the segments analyzed in the report, is expected to grow at a CAGR of 4.1% to reach USD 30.6 billion by the end of the analysis period.
Industrial valves are mechanical or electromechanical devices designed to control, divert and regulate the pressure and flow of fluids by opening, blocking or closing fluid passages.Industrial valves are mainly used in capital-intensive industries, as these industries require a large number of valves during the installation phase.These valves are also used as flow controllers for pipelines through which gases, liquids and semi-solids are transported.
After a thorough analysis of the business impact of the pandemic and the economic crisis it caused, growth in the Butterfly Valve segment was rescaled to a revised 3.7% CAGR for the next seven-year period.This segment currently accounts for an 18.8% share of the global industrial valve market.
The U.S. market is expected to be $20.3 billion in 2021, while China is expected to reach $18.2 billion by 2026
The U.S. industrial valve market is estimated to be worth $20.3 billion by 2021.The country currently holds a 27.03% share of the global market.China is the second largest economy in the world and the market size is expected to reach USD 18.2 billion by 2026, growing at a CAGR of 6.4% throughout the analysis period.
Other notable geographic markets include Japan and Canada, which are expected to grow by 2.3% and 3.1%, respectively, during the analysis period.In Europe, Germany is expected to grow at a CAGR of about 2.9%, while the rest of the European market (as defined in the study) will reach $19.4 billion by the end of the analysis period.
Driven by the innovations of the past fifteen years, the valve industry is expected to benefit greatly from the growing demand and expansion of the clean water, energy, food and power industries in the long run.
Several long-term factors driving growth together include government regulations related to emissions control, and the growing need to optimize resources such as water and electricity.The installation of scrubber systems and catalytic systems in power plants has and will continue to increase the demand for valves.
Check valves are even ideal for applications where different gases flow through a single pipe.Different basic designs are available including swing check valves, lift or piston check valves, double flap check valves and air check valves.
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com 1-917-300-0470 ET Office Hours US/Canada Toll Free 1-800-526-8630 GMT Office Hours dial +353- 1- 416-8900
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com 1-917-300-0470 ET Office Hours US/Canada Toll Free 1-800-526-8630 GMT Office Hours dial +353- 1- 416-8900


Post time: May-18-2022

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