Dublin, July 13, 2021 /PRNewswire/-”Industrial Valves-Global Market Trajectory and Analysis” report has been added to ResearchAndMarkets.com’s products.
During the COVID-19 crisis, the global industrial valve market in 2020 is estimated to be USD 73.2 billion, and is expected to reach a revised USD 92.3 billion by 2026, growing at a compound annual growth rate of 3.9% during the analysis period.
Ball valve is one of the market segments analyzed in the report, and is expected to grow at a compound annual growth rate of 4.1% by the end of the analysis period, reaching 30.6 billion US dollars. After a thorough analysis of the business impact of the pandemic and the economic crisis it triggered, the growth of the butterfly valve division was re-adjusted to a revised compound annual growth rate of 3.7% over the next 7 years. This segment currently accounts for 18.8% of the global industrial valve market.
Even for applications where different gases flow through a single pipe, check valves are ideal. There are different basic designs to choose from, including swing check valves, lift or piston check valves, double flap check valves and air check valves. In the field of global check valves, the United States, Canada, Japan, China and Europe will promote the expected compound annual growth rate of 3.3% in this field.
By 2020, the total market size of these regional markets will reach 7.7 billion U.S. dollars, and by the end of the analysis period, the total market size is expected to reach 9.6 billion U.S. dollars. China will remain one of the fastest growing countries in this regional market cluster. Driven 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 compound annual growth rate of 3.7% during the analysis period.
Research and Marketing Laura Wood, Senior Manager [email protected] EST office hours call +1-917-300-0470 US/Canada toll-free number +1-800-526-8630 GMT office hours +353-1-416- 8900 US Fax: 646-607-1904 Fax (Outside the US): +353-1-481-1716
Post time: Nov-18-2021
