New Analysis by Global Industry Analysts Shows Steady Growth in Industrial Valves, Global Market to Reach $92.4 Billion by 2026

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SAN FRANCISCO, March 28, 2022 /PRNewswire/ — Global Industry Analysts, Inc. (GIA), the premier market research firm, today released a report titled “Industrial Valves – Global Market Trajectories and Analysis.”The report offers a fresh perspective on the opportunities and challenges in the post-COVID-19 market that has undergone significant transformation.
Version: 16; Release: February 2022 Executives: 47,430 Companies: 365 – Players covered include Anvil International; AVK Holdings A/S; Baker Hughes; Barksdale Corporation; Cameron; Crane Chemicals Pharmaceuticals & Energy; Crane Corporation; Crane Nuclear Corporation; Emerson Electric Company; Flowserve Corporation; Hamlet Group; IMI Critical Engineering; ITT Engineered Valves; Kitts Corporation; KSB AG; SPX Flow Corporation; Weir Group PLC; Weir Group Lan Corporation; Watts Water Technologies, Inc. and others.Coverage: All major regions and key segments Market segments: Valve Type (Ball, Butterfly, Check, Diaphragm, Gate, Globe, Plug, Safety); End Use (Oil & Gas, Water & Wastewater) Facilities, Power Generation, Chemicals, Refining, Pulp and Paper, Steel, Other End Uses) Geography: World; United States; Canada; Japan; China; Europe; France; Germany; Italy; United Kingdom; Spain; Russia; Rest of Europe; Asia Pacific; Australia; India; Korea; Rest of Asia Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.
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Global industrial valves market to reach $92.4 billion by 2026 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.Guided by current economic conditions and trends in core end-use verticals, the momentum of the industrial valve market is likely to remain northward over the next decade.A key driving factor for the growth of the industrial valve market in the coming years is the rising energy demand in countries around the world, especially in developing economies.Due to the increasing demand for energy, the power industry, oil and gas, and refining industries are witnessing strong growth across the globe, creating a huge demand for valves.The pharmaceutical, biotechnology and food processing industries are also expected to stimulate demand for valves, while the fine and basic chemical industries are expected to witness steady growth in valve sales.The semiconductor and electronics industries are also expected to generate demand for valves, given the demand for critical valves in applications such as etching chemicals, ultrapure water systems, and chip cleaning.The growing number of smart city development projects in countries around the world, including developed and developing countries, is another strong growth driver for the industrial valves market.Another important factor contributing to the growth of the industrial valve market is the growing prominence of predictive maintenance in the manufacturing and processing industries.
Amid the COVID-19 crisis, the global industrial valve market was estimated at USD 78.6 billion in 2022 and is expected to reach a revised size of USD 92.4 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.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.Ball valves constitute the largest product segment in the industrial valve market.Manufactured from heavy duty brass, ball valves are designed for residential and commercial applications to regulate the flow of oil, water and gas.The full port of the ball valve allows maximum flow and minimum pressure drop or fluctuation.Ball valves are widely used for their high corrosion resistance and ability to achieve tighter shutoff.Butterfly valves are compact in design and light in weight.Its installation inside the duct is also easy.Another important advantage is the limited pressure drop when using butterfly valves.The rising trend in industrial activities will drive the demand for different types of industrial valves including butterfly valves.
The U.S. market is expected to be $20.9 billion in 2022, while China is expected to reach $18.2 billion by 2026. The U.S. industrial valve market is expected to reach $20.9 billion in 2022.The country currently accounts for 27.03% 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.On a European scale, Germany is expected to grow at a CAGR of around 2.9% throughout 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 valve market to reach $12.4 billion by 2026 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.In the global check valve segment, the United States, Canada, Japan, China, and Europe will drive the segment’s 3.3% CAGR.The combined market size of these regional markets is $7.7 billion and is expected to reach $9.6 billion by the end of the analysis period.China will remain one of the fastest growing countries in this regional market cluster.Led by countries such as Australia, India, and South Korea, the Asia-Pacific market is expected to reach USD 1.6 billion by 2026, while Latin America will grow at a CAGR of 3.7% throughout the analysis period.more
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About Global Industry Analysts, Inc. and StrategyR™ Global Industry Analysts, Inc., (www.strategyr.com) is a leading market research publisher and the world’s only influencer-driven market research firm.Proudly serving more than 42,000 clients from 36 countries, GIA has been known for over 33 years for accurately forecasting markets and industries.
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Post time: May-18-2022

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