The global industrial valve market was valued at US$66.25 billion in 2017 and is expected to reach US$99.76 billion by 2026, with a compound annual growth rate of more than 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 by material type is divided into cast iron, steel, low temperature and alloy base. According to the size type, it is divided into maximum 1, 1 to 6, 6 to 25, 25 to 50, 50 and larger. Classified by valve type, it is divided into ball valve, butterfly valve, gate valve, globe valve, check valve and cock. Classified by industry type as gas, water and gas wastewater, energy power. Geographically, it is divided into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
In terms of material types, cryogenic valves are the main market in the industrial valve market. For isolation purposes, cryogenic valves are installed in the oil and gas and chemical industries to separate two media. As far as valve types are concerned, due to the competitive trend of Asia-Pacific and European chemical companies, plug valves will grow faster than other valves. Oil and gas industry is expected to occupy the main scale of the industrial valve market during the forecast period, and the increase in reserves of natural gas exploration and refineries may increase the demand for these valves.
The market demand for industrial valves is increasing every day, because the development of smart cities is crucial. The huge demand for automation and predictive maintenance technology in the manufacturing industry has also integrated iiot technology into the industry. It slows down the extraction rate of natural gas and oil, and the manufacturing cost is high.
The Asia-Pacific region occupies a major share of the global industrial valve market because of the acceleration of urbanization, industrialization and population growth. The growth of industrial demand will promote the demand for the industrial valve market. All other regions are also contributing to the growth of the vibrating liquid level switch market.
The report contains details of outstanding market participants in market trends. AVK Holding A/S, Avcon Controls Private Limited, Cameron-Schlumberger Limited, Crane Co., Emerson, Flowserve Corporation, Forbes Marshall, IMI Plc. , Metso, Weir Group Plc. Wait. Global industrial valve market scope: Global industrial valve market, by material type: cast iron, stainless steel, other global industrial valve markets based on cryogenic alloys, by scale: up to 1 1 to 6 6 to 25 25 to 50 50 and larger global industries Valve market, classified by valve type: stop valve, cock valve, safety valve, ball valve, butterfly valve, check valve, diaphragm valve, gate valve, global industrial valve market, classified by industry: oil and gas, gas, water, wastewater treatment, energy, electricity, chemical, food, beverage, pharmaceutical, construction, agriculture, pulp, paper, metal Other global industrial valve markets by region: North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. Major players in the global industrial valve market: Emerson & Will Group PLC Flowserve Cameron – Schlumberger IMI PLC Spirax Crane Company Kitz Corporation Metso Company Neway Valve (Suzhou) Co., Ltd. Velan Inc. Samson AG AVK Holdings A/S Avcon Controls “Forbes” Marshall Swagelokham – Let Dwyer Instruments KIM Valve Apollo Valve
Post time: Apr-26-2021
