News

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