Nov 17, 2023
Global Industrial Valves Markets Report, 2020
Global Market for Industrial Valves Dublin, April 08, 2022 (GLOBE NEWSWIRE) --
Global Market for Industrial Valves
Dublin, April 08, 2022 (GLOBE NEWSWIRE) -- The "Industrial Valves - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. Global Industrial Valves Market to Reach $92.3 Billion by 2026
The global market for Industrial Valves estimated at US$73.2 Billion in the year 2020, is projected to reach a revised size of US$92.3 Billion by 2026, growing at a CAGR of 3.9% over the analysis period. Ball Valves, one of the segments analyzed in the report, is projected to grow at a 4.1% CAGR to reach US$30.6 Billion by the end of the analysis period.
Industrial valves are mechanical or electromechanical devices intended to control, divert and regulate pressure and flow of fluids by opening, blocking or closing fluid passage. Industrial valves are mainly utilized in capital-intensive industries, as these industries require a large number of valves during the installation stage. The valves are also utilized as flow controllers for pipelines, through which gases, liquids and semi-solids are transported.
After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Butterfly Valves segment is readjusted to a revised 3.7% CAGR for the next 7-year period. This segment currently accounts for a 18.8% share of the global Industrial Valves market.The U.S. Market is Estimated at $20.3 Billion in 2021, While China is Forecast to Reach $18.2 Billion by 2026
The Industrial Valves market in the U.S. is estimated at US$20.3 Billion in the year 2021. The country currently accounts for a 27.03% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$18.2 Billion in the year 2026 trailing a CAGR of 6.4% through the analysis period.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 3.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR while Rest of European market (as defined in the study) will reach US$19.4 Billion by the end of the analysis period.
Buoyed by innovations over the last decade and a half, the valve industry is expected to benefit significantly from the growing demand for and expansion of clean water, energy, food, and power sectors in the long run.
Several long-term factors working in tandem to drive growth include government regulations relating to emission control, and growing need to optimize resources such as water and power. Installation of scrubber systems and catalytic systems in power plants has and will continue to boost demand for valves.Check Valves Segment to Reach $12.4 Billion by 2026
Check valves are ideal even for such applications where different gases are made to flow through a single pipeline. There are different basic designs available, which include swing check valves, lift or piston check valves, dual flap check valves, and air check valves.
Key Topics Covered: I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
An Introduction to Industrial Valves
Select Industrial Valves and their Characteristics
Major Industrial Valves and Their End-Use Industries
Parameters Considered for Selection of a Valve
Industrial Valves: Current Market Scenario and Outlook
Product Segment Analysis
Ball Valves: Largest Product Segment
Butterfly Valves Remain a Major Category
Sustained Demand for Check Valves
Diaphragm Valves Continue to Gain Traction
Slowing Demand for Gate Valves
Globe Valves Continue to Make Gains
Plug Valves Emerge as Fastest Growing Category
Safety Valves: Niche Segment
Developing Economies Provide Major Impetus to the Market Expansion
Relative Stability in Economic Environment Bodes Well for Industrial Valves Market
Competitive Scenario
Industrial Valves: Fragmented Marketplace
Vendors Emphasize Reducing Lead Time
Consolidation Gathers Steam
Recent Market Activity
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
AVK Holding A/S (Denmark)
Anvil International (USA)
Baker Hughes Company (USA)
Cameron (USA)
Crane Co. (USA)
Barksdale, Inc. (USA)
CRANE ChemPharma & Energy (USA)
Crane Nuclear, Inc. (USA)
Emerson Electric Co. (USA)
Flowserve Corp. (USA)
Ham-Let Group (Israel)
IMI Critical Engineering (UK)
ITT Engineered Valves (USA)
KITZ Corp. (Japan)
KSB AG (Germany)
SPX Flow, Inc. (USA)
The Weir Group PLC (UK)
Velan, Inc. (Canada)
Watts Water Technologies, Inc. (USA)
3. MARKET TRENDS & DRIVERS
Prevailing Scenario in the Industrial Manufacturing Sector Revs Up Demand for Industrial Valves
Established Use Case Across Diverse Sectors Sustains Market Expansion
Oil & Gas Industry: Major End-Use Sector
Critical Importance of Transmission Processes Extends Robust Opportunities
Healthy Trajectory in Oil & Gas Sector Favors Growth
Increasing Subsea Activities Augur Well
Electric Power Generation Emerges as Fastest Growing End-Use Sector
Growing Focus on Renewable Energy to Spur Demand
Sustained Opportunities in Nuclear Power Sector
Water & Wastewater Industry: Infrastructure Development Drives Need for Valves
Strong Prospects in Petroleum Refining Bode Well for Valves Market
Pulp & Paper Industry: Unique Needs of Mills Set Demand Trends for Valves
Despite Challenging Conditions, Demand Remains Intact in Iron & Steel Industry
Widespread Adoption of Industrial Automation Creates Fertile Environment
Valves Market Gears Up for Industry 4.0 Environments
Urban Sprawl Extends Broad-based Opportunities
Bright Future Ahead for Plastic Valves
Fluid Power Valves Poised to Post Growth
Water and Gas Valves Seek Opportunities
Industrial Spray Valves Remain Highly Relevant
Thermostatic Valves Make Gains
Solenoid Valves: Continuous Evolution and Expansion
Technological Innovations & Improvements Sustain Market Momentum
Technology Advancements Spur Progressive Evolution in Product Design & Efficiency
Rise of IoT Seeks Additional Improvements to Valve Technology
Technology Advancements Strive to Curb Fugitive Emissions
A Note on Novel Trends in Valve Design Across Valve Types
Regulations, Codes and Standards Governing Industrial Valves Market: An Overview
List of Specifications Considered for International Standards Accreditation
Issues & Challenges
Dearth of Favorable Governmental Policies and Lack of Certifications
Fluctuations in Raw Material Prices
High Fabrication Costs
Volatile Oil Prices
4. GLOBAL MARKET PERSPECTIVE
III. REGIONAL MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/cyfskd
Attachment
Global Market for Industrial Valves
ResearchAndMarkets.com's Global Industrial Valves Market to Reach $92.3 Billion by 2026 The U.S. Market is Estimated at $20.3 Billion in 2021, While China is Forecast to Reach $18.2 Billion by 2026 Check Valves Segment to Reach $12.4 Billion by 2026 Key Topics Covered: I. METHODOLOGY II. EXECUTIVE SUMMARY 1. MARKET OVERVIEW 2. FOCUS ON SELECT PLAYERS 3. MARKET TRENDS & DRIVERS 4. GLOBAL MARKET PERSPECTIVE III. REGIONAL MARKET ANALYSIS IV. COMPETITION Attachment