Industrial Valves Market Will hit at a CAGR Value of ~4.0% from 2019 - 2029

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Industrial Valves Market Expected to Increase at
a CAGR 4.0 through 2019 - 2029

• February 2020

Report Id REP-GB-4162 Published On 19 July,
2016 Category Industrial Automation and
Equipment
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Industrial Valves Market

• VALLEY COTTAGE, New York /PRNewswire/ -- Up from
  the revenues worth US 61 Bn registered in 2018,
  the global market for industrial valves is
  projected to witness modest growth by the end of
  2019. A new market research report by Future
  Market Insights (FMI) suggests that the
  increasing exploration activities for new water
  sources will predominantly favor the growth of
  market over the course of coming years.
• The steady expansion of chemical industry and
  revival of oil gas industry are also likely to
  play a crucial role in pushing sales of
  industrial valves at a global level. Furthermore,
  FMI's report indicates that abundant
  opportunities exist in chemical, and water
  wastewater industries.
• With the onset of Industry 4.0 and the
  reciprocating shift of industries towards
  automation, the industrial valves landscape is
  compelled to move beyond its traditional,
  old-school valve engineering models. Although
  manually operated valves still account for almost
  2/3rd of total sales, FMI foresees a rapidly
  progressing market scenario for automated valves
  in the next few years. 
• By type, the gate type of industrial valves
  segment is expected to hold prominent value
  shares of the global industrial valves market.
  Furthermore, the globe valve segment is expected
  to be the prominent segment throughout the
  forecast period. Gate valves, closely trailed by
  globe and ball valves, are identified to remain
  the sought-after industrial valve types
  throughout the forecast period. A number of
  manufacturers are however focusing on investments
  in globe industrial valves. FMI's research also
  highlights visibly growing market attractiveness
  of butterfly valves across industries.

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Industrial Valves Market

• The analysis of industrial valves market on the
  basis of materials reveals that cast steel,
  carbon steel, and stainless steel remain the
  preferred materials among manufacturers of
  industrial valves, which collectively account for
  85 shares in the revenues. Bronze is likely to
  emerge lucrative as a material of choice, over
  the years to come, as indicated by report
  findings.
• Market in APEJ Projected for Remunerative Growth
• The market in Asia Pacific excluding Japan (APEJ)
  is expected to exhibit lucrative growth potential
  in the global industrial valves market over the
  forecast period of 2019-2029. According to the
  report, this growth is propelled by the rapid
  growth in the oil gas industry in countries of
  APEJ such as India and China, and ASEAN
  Countries, among others. The economic condition
  of these countries have been positively
  developing.
• Furthermore, owing to the effects of
  macroeconomic factors such as growing population,
  urbanization, and rapid industrialization, the
  confidence of investors and investments in
  housing and other residential projects across
  APEJ has increased drastically. Consequently, the
  region's chemical has considerable momentum over
  the past few years. This overall scenario is
  translating into modest growth in the demand for
  valves across the multiple industries, eventually
  pushing the market growth potential of APEJ.

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Industrial Valves Market

• Industrial Valves Market Vendor Insights
• The report highlights some of the prominent
  market players, who have established themselves
  as leaders in the global industrial valves market
  such as GE Company, Emerson, Flowserve
  Corporation, Schlumberger Limited, TechnipFMC
  Plc, KSB SE Co. KGaA, x KITZ Corporation, Alfa
  Laval Corporate AB, Curtiss-Wright Corp., CIRCOR
  International, Inc., IMI Plc, Mercer Valve Co.,
  Inc., National, Oilwell Varco, Inc., Weir Group
  Plc., Neway Valves, AVK International A/S,
  Flowserve Corporation, and LESER GmbH Co. KG,
  among others.
• The global industrial valves market is
  significantly consolidated with some players
  holding prominent shares of the market. These
  players are offering industrial valves under
  their popular brands such as Cameron, and World
  Valves, among others.
• Press-release Source https//www.prnewswire.com/n
  ews-releases/steel-drums--ibcs-market-to-grow-at-a
  -cagr-of-4-during-2019-to-2029--future-market-insi
  ghts-300892144.html

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Industrial Valves Market

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