Persistence Market Research’s new market research report is titled “Porous Throttle Valve Market: 2013–2017 Global Industry Analysis and 2018-2028 Market Forecast”, which surveyed the porous throttle valve market and provided a comparison of the 2018 to Key Insights for the 2009 Forecast Period 2028. According to the report’s findings, due to the recovery of crude oil prices and the growth of shale gas drilling and production activities, it is estimated that the global porous throttle valve market will experience significant growth during the forecast period. Significant opportunities in nuclear power applications.
In 2017, the global multi-throttle flow control valve market was valued at approximately US$300 million, and the compound annual growth rate from 2018 to 2028 is expected to be 2.4%.
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The rapid growth in the production of oil and gas, chemicals and petrochemicals and the increasing investment in water, wastewater and power generation applications have driven the demand for porous flow control valves. In addition, the traditional porous flow control valve must be replaced to enhance the flow without causing any interruption. These factors are expected to lead to the projected growth of the porous flow control valve market during the forecast period.
East Asia and South Asia are expected to provide important growth opportunities for players in the global porous flow control valve market
The global porous flow control valve market has been significantly consolidated, with the top 7 manufacturers accounting for approximately two-fifths of the global market share. The respective governments of East and South Asian countries are taking measures to deal with water shortages caused by water pollution and investing in the construction of wastewater treatment plants. In addition, industrial regulations to reduce wastewater will result in the installation of multiple orifice flow control valves.
Global players are working to expand their manufacturing capabilities in developing economies to meet the growing demand for porous flow control valves. Throughout the forecast period, due to the increase in oil and gas production and consumption of porous flow control valves in countries such as China and India, it is expected that the prominent regions of the global porous flow control valve market will be South Asia and East Asia. Due to the growth of the process industry, Latin America is expected to drive the growth of the global porous flow control valve market.
During the forecast period, the porous flow control valve with a diameter of 12″-24″ and the oil and gas end-use market segment still dominates the global porous flow control valve market
In addition to the seven regions, the global porous flow control valve market is also segmented by valve size, operation and end-use industries.
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The report highlights some prominent market players that have become the global market leader in porous flow control valves. Schlumberger Co., Ltd., Parker Hanni fin, Emerson Electric Company, Baker Hughes (GE), Kubota Company, IMI Company, Metso, Flowserve, Kurimoto Co., Ltd., Watts Water Technologies, etc. Examples of major players in this market. , Inc. And Azbil Corporation, etc. During the forecast period, the market strategy to invest in new corrosion-resistant materials at competitive prices, and to establish new production departments in Latin America, ASEAN and Africa, is expected to promote the revenue growth of the global porous flow control valve market. .
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Post time: Feb-02-2021
