Industrial Valves Market estimated to reach worth $85.19 billion by 2023

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Industrial Valves Market is expected to grow from
USD 70.53 billion in 2018 to USD 85.19 billion by
2023
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About our Report
                     

• The industrial valve market is expected to grow
  from USD 70.53 billion in 2018 to USD 85.19
  billion by 2023, at a CAGR of 3.96 between 2018
  and 2023.
• The key factors driving the growth of this market
  include the increased need for industrial valves
  from oil and gas production-related facilities in
  GCC countries, elevated energy demand in APAC,
  smart city development initiative across the
  world, high demand for predictive maintenance
  techniques from manufacturing industries, and
  stringent environmental and safety regulations to
  make the energy sector more resilient.
• A few tier I players in this market have started
  offering IoT-enabled valves and solutions. As of
  2017, key industry players, such as Metso
  (Finland) and Emerson Electric Company (US), have
  introduced IoT in their industrial valve products
  and services and are striving to push their
  adoption in the market. However, by 20202022,
  tier II players from this industry would also
  integrate these technologies to offer reliable
  and connected valves to every end-user industry.

               
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Inside of Report

• Browse
• 98 market data Tables
• 63 Figures spread through 188 Pages
• in-depth TOC on Industrial Valves Market -
  Global Forecast to 2023.

                     
               
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The industrial valve market in Asia Pacific
(APAC) accounted for the largest share of the
overall market in 2017 is expected to grow at the
highest CAGR during the forecast period. Major
factors driving the growth of the valve market in
APAC include increasing population and rising
focus of emerging economies on investing in
industries such as energy power, oil gas,
water wastewater treatment, chemicals, and
construction in which industrial valves are used.
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Major Players
                     

• Emerson (US),
• Cameron Schlumberger (US),
• IMI PLC (US),
• Flowserve (US), and
• Weir Group (UK)

               
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Table of Content

• Table of Contents
• 1 Introduction (Page No. - 16)    1.1 Study
  Objectives     1.2 Definition     1.3 Study
  Scope            1.3.1 Markets
  Covered           1.3.2 Geographic
  Scope           1.3.3 Years Considered    1.4
  Currency     1.5 Limitations     1.6 Market
  Stakeholders
• 2 Research Methodology (Page No. - 20)    2.1
  Research Data            2.1.1 Secondary Data
• .
• 14 Appendix (Page No. - 182)     14.1 Discussion
  Guide      14.2 Knowledge Store
  Marketsandmarkets Subscription Portal      14.3
  Available Customizations      14.4 Related
  Reports      14.5 Author Details

                     
               
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Summary
The industrial valve market is expected to grow
from USD 70.53 billion in 2018 to USD 85.19
billion by 2023, at a CAGR of 3.96 between 2018
and 2023. The key factors driving the growth of
this market include the increased need for
industrial valves from oil and gas
production-related facilities in GCC countries,
elevated energy demand in APAC, smart city
development initiative across the world, high
demand for predictive maintenance techniques from
manufacturing industries, and stringent
environmental and safety regulations to make the
energy sector more resilient. Among all
applications, the oil gas industry is expected
to account for the largest size of the industrial
valve market during the forecast period. Recent
uptrend in the oil gas industry has boosted the
demand for and increased the production of oil
and gas in the Middle East and North America.
Growing production of oil sands and shale gas
fuels the demand for industrial valves in North
America, and the increased investments in natural
gas exploration and refineries are likely to
boost the demand for these valves during the
forecast period. Additionally, technological
advancements and the adoption of more innovative
valves for oil and gas transportation are the
major factors that are likely to have a positive
impact on the industrial valve market growth.
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