Industrial Valve Market Size is estimated to grow at a CAGR of 7.5% during the forecast period

 

The companies that develop and introduce different industrial valve products for various end-user verticals are part of the worldwide industrial valve market. For the projected period of 2022–2030, the industrial valve market is expected to develop at a compound annual growth rate (CAGR) of 7.5%.

Industrial valves are electromechanical devices used mostly in process industries to regulate, control, and direct liquids, vapors, gases, slurries, powders, and other materials smoothly and efficiently. The main body, stem packing, end connectors, trim, discs, seats, sealing rings, yoke and yoke nut, bonnet shell, union bolts, operators, and actuators are typically included in these valves. They shield equipment from overpressure risks and stop flow from returning to the pressurized side. There are numerous industrial valves on the market right now, differing in their sizes, designs, functions, and modes of operation. Cast iron, carbon steel, stainless steel, and other high-functioning metal alloys are commonly used in the production of industrial valves.

 

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Growth Drivers:

Over the past several years, there has been a rapid growth in the number of water supply and sanitation projects in developing regions of the world. In the oil and gas industry, investments in pipeline infrastructure for downstream uses have also increased significantly. The demand for valves for the transfer of steam, chemical products, etc., is increased by the growing construction of high-pressure pipelines, and this drives the industrial valve industry as a whole.

In addition, there has been a sharp increase in the need for industrial valves from the power sector recently for a variety of uses, including feed pump recirculation, boiler starting, steam conditioning, and turbine bypass. In order to meet the increasing demand for electricity, governments in many regions are placing a strong emphasis on expanding the capacity of power plants within their own nations.

Industrial Valve Market Segmentation:

By Function:

o   On-off/Isolation

o   Control

 

By Material:

o   Steel

o   Cast Iron

o   Cryogenic

o   Alloy Based

o   Others

o   Brass

o   Bronze

o   Plastic

 

By Type:

·         Ball Valves

o   Trunnion Mounted Ball Valves

o   Floating Ball Valves

o   Rising Stem Ball Valves

·         Butterfly Valves

o   Zero Offset Butterfly Valves

o   Double Offset Butterfly Valves

o   Triple Offset Butterfly Valves

·         Check Valves

·         Diaphragm Valves

·         Gate Valves

o   Standard Plate Gate Valves

o   Wedge Gate Valves

o   Knife Gate Valves

·         Globe Valves

·         Plug Valves

·         Safety Valves

 

By Size:

·         Up To 1”

·         1-6”

·         6-25”

·         25-50”

·         50” and Larger

 

By End-user Industry:

·         Oil & Gas

·         Water & Wastewater Treatment

·         Energy & Power

·         Food & Beverages

·         Chemicals

·         Building & Construction

·         Pulp & Paper

·         Pharmaceuticals & Healthcare

·         Metals & Mining

·         Agriculture

·         Others

 

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

 

Key Companies in Industrial Valve Market:

The research report offers a competitive analysis of prominent companies operating in the global industrial valve market. Some of the leading players profiled in the market research report include:

·         Forbes Marshall

·         Metso Corporation

·         The Weir Group plc.

·         Conbraco Industries Inc

·         Neway Valve Co. Ltd.

·         Kitz Corporation

·         IMI Plc.

·         Avcon Controls Private Limited

·         Schlumberger Limited

·         Crane Co.

·         Emerson Electric Co.

·         Flowserve Corporation

·         AVK Holdings A/S

·         Other Players

 

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About Us: -  

xResearch is a market research and consulting organization that uses unique data, expert analysis, and new technologies to create trusted intelligence on industries. Our research is focused on delivering an informed and impartial view on essential market data of industry, and it is primarily driven by an in-depth study covering the following parameters: Market Sizing and Forecasting, Market Segmentation, Competitive Analysis, Strategic Assessment and Business Modelling.

                                   

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