News

Oct 05, 2023

Valves Market Size to grow by USD 12,948.79 million from 2022 to 2027, Industrialization and infrastructure development to boost the market growth

NEW YORK, May 22, 2023 /PRNewswire/ -- The global valves market size is

NEW YORK, May 22, 2023 /PRNewswire/ -- The global valves market size is estimated to increase by USD 12,948.79 million from 2022 to 2027. The market's growth momentum will progress at a CAGR of 4.62%. Industrialization and infrastructure development is the major factor driving the global valves market growth. Industrialization and infrastructure development efforts in emerging markets, especially in the Asia Pacific, the Middle East, and Africa drive the market. This includes the construction of new power plants, refineries, and pipelines. These constructions require many valves to regulate and control the flow of liquids and gases. The growing industrialization and infrastructure-building activities require many valves to control and regulate the flow of liquids and gases. Valves are critical components in several industries such as oil and gas, power generation, water treatment, and chemical processing. Discover some insights on market size historic period (2017 to 2021) and Forecast 2023-2027 before buying the full report -Request a sample report

Valves market – Vendor AnalysisVendor Landscape - The global valves market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer valves in the market are Alfa Laval AB, Baker Hughes Co., Bray International Inc., Crane Holdings Co., Curtiss Wright Corp., Emerson Electric Co., Flowserve Corp., Forbes Marshall Pvt. Ltd., Honeywell International Inc., IMI Plc, KSB SE and Co. KGaA, Parker Hannifin Corp., SAMSON AG, Schlumberger Ltd., The Weir Group Plc, Trillium Flow Technologies, Valmet Corp., Valvitalia SpA, Watts Water Technologies Inc., and AVK Holding AS and others.

What's New? -

Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession

Global competitiveness and key competitor positions

Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Vendor Offerings -

Alfa Laval AB - The company offers commercial high speed combination oven which is designed to reduce food cooking time by around fifty percent, thus mostly used in college canteens and commercial restaurants.

Baker Hughes Co. - The company offers combi-therm combi oven inbuilt with express touch control which allows for simple use and navigation to cook food convection method.

Bray International Inc. - The company offers high speed oven which is a combination of multiple cooking energies to prepare a variety of dishes in the commercial kitchen.

For details on the vendor and their offerings – Request a sample report

Valves Market - Segmentation AssessmentSegment OverviewTechnavio has segmented the market based on end-user (chemicals and oil and gas industry, water and wastewater industry, power industry, mining and minerals industry, and others), type (gate, globe, ball, butterfly, and check and others), and geography (APAC, Europe, North America, Middle East and Africa, and South America).

The market share growth by the chemicals and oil and gas industry segment will be significant during the forecast period. This is because the segment covers a wide range of applications such as refining, manufacturing, storage, and transportation of chemicals and oil and gas. The chemicals, oil, and gas (COG) industry is one of the most important end users of the market and valves are commonly used in these applications to control the flow of liquids and gases in pipelines, tanks, and reactors.

Geography OverviewBy geography, the global valves market is segmented into APAC, Europe, North America, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global valves market.

APAC is estimated to account for 35% of market growth during the forecast period. The region has a sizeable growing market for valves. Valves are an important part of almost every industrial process and due to the increasing industrialization and infrastructure development in the region, the demand for valves is steadily increasing. Oil & Gas, Power Generation, Water & Wastewater, Chemicals & Pharmaceuticals are some of the key industries supporting the expansion of the valve market in APAC. The major players in the regional market include China, Japan, India, and South Korea, with China being the largest valve buyer as well as the largest producer in the region.

For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 - Download a Sample Report

Valves Market – Market Dynamics

Key Trends -

Increasing demand for industrial valves will influence the global valves market growth.

Industrial valves are used in oil and gas, chemical, power generation, water and wastewater treatment, and other fields to help regulate the flow of fluids such as liquids, gases, and slurries and play an important role in many industrial processes.

Furthermore, the need for industrial valves is driven by the expansion of both industrialization and urbanization.

The need for valves increases with the growing infrastructure built to support economic expansion.

Hence, such trends fuel the market growth during the forecast period.

Major challenges -

Intense competition among new and established players are challenges that majorly impede the growth of the market.

There are many established and emerging competitors vying for dominance in the highly competitive market with low barriers to entry, ease of production process, and increasing demand for valves in various industries are some of the factors fueling fierce competition in the market.

A main issue that the market faces is fierce competition. In a highly fragmented market, many players compete for market share and this competition can make it difficult for new entrants to establish a presence and for established companies to maintain market share.

Hence, such challenges hinder the market growth during the forecast period.

Driver, Trend & Challenges are the factor of market dynamics which states about consequences & sustainability of the businesses, find some insights from the sample report!

What are the key data covered in this Valves Market report?

CAGR of the market during the forecast period

Detailed information on factors that will drive the growth of the valves market between 2023 and 2027

Precise estimation of the size of the valves market and its contribution to the market with a focus on the parent market

Accurate predictions about upcoming trends and changes in consumer behavior

Growth of the valves market across APAC, Europe, North America, Middle East and Africa, and South America

A thorough analysis of the market's competitive landscape and detailed information about vendors

Comprehensive analysis of factors that will challenge the growth of valves market vendors

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Valves Market Scope

Report Coverage

Details

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.62%

Market growth 2023-2027

USD 12,948.79 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.0

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 35%

Key countries

US, China, Japan, UK, and France, Canada, Mexico, Italy,Spain, India, Japan, Australia, and South Korea

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Alfa Laval AB, Baker Hughes Co., Bray International Inc., Crane Holdings Co., Curtiss Wright Corp., Emerson Electric Co., Flowserve Corp., Forbes Marshall Pvt. Ltd., Honeywell International Inc., IMI Plc, KSB SE and Co. KGaA, Parker Hannifin Corp., SAMSON AG, Schlumberger Ltd., The Weir Group Plc, Trillium Flow Technologies, Valmet Corp., Valvitalia SpA, Watts Water Technologies Inc., and AVK Holding AS

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition

3.2 Market segment analysis

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

4.1 Global valves market 2017 - 2021

4.2 End-user Segment Analysis 2017 - 2021

4.3 Type Segment Analysis 2017 - 2021

4.4 Geography Segment Analysis 2017 - 2021

4.5 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

5.1 Five forces summary

5.2 Bargaining power of buyers

5.3 Bargaining power of suppliers

5.4 Threat of new entrants

5.5 Threat of substitutes

5.6 Threat of rivalry

5.7 Market condition

6 Market Segmentation by End-user

6.1 Market segments

6.2 Comparison by End-user

6.3 Chemicals and oil and gas industry - Market size and forecast 2022-2027

6.4 Water and wastewater industry - Market size and forecast 2022-2027

6.5 Power industry - Market size and forecast 2022-2027

6.6 Mining and minerals industry - Market size and forecast 2022-2027

6.7 Others - Market size and forecast 2022-2027

6.8 Market opportunity by End-user

7 Market Segmentation by Type

7.1 Market segments

7.2 Comparison by Type

7.3 Gate - Market size and forecast 2022-2027

7.4 Globe - Market size and forecast 2022-2027

7.5 Ball - Market size and forecast 2022-2027

7.6 Butterfly - Market size and forecast 2022-2027

7.7 Check and others - Market size and forecast 2022-2027

7.8 Market opportunity by Type

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation

9.2 Geographic comparison

9.3 APAC - Market size and forecast 2022-2027

9.4 Europe - Market size and forecast 2022-2027

9.5 North America - Market size and forecast 2022-2027

9.6 Middle East and Africa - Market size and forecast 2022-2027

9.7 South America - Market size and forecast 2022-2027

9.8 China - Market size and forecast 2022-2027

9.9 US - Market size and forecast 2022-2027

9.10 UK - Market size and forecast 2022-2027

9.11 France - Market size and forecast 2022-2027

9.12 Japan - Market size and forecast 2022-2027

9.13 Market opportunity by geography

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

11.3 Landscape disruption

11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered

12.2 Market positioning of vendors

12.3 Alfa Laval AB

12.4 AVK Holding AS

12.5 Baker Hughes Co.

12.6 Bray International Inc.

12.7 Crane Holdings Co.

12.8 Curtiss Wright Corp.

12.9 Emerson Electric Co.

12.10 Flowserve Corp.

12.11 Forbes Marshall Pvt. Ltd.

12.12 Honeywell International Inc.

12.13 IMI Plc

12.14 KSB SE and Co. KGaA

12.15 Parker Hannifin Corp.

12.16 The Weir Group Plc

12.17 Watts Water Technologies Inc.

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

13.3 Currency conversion rates for US$

13.4 Research methodology

13.5 List of abbreviations

About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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