Industrial Valves Market Growth, Market Insights and Forecast to 2025Posted by rekha on December 9th, 2019 “The Global Industrial Valves Market anticipated to reach US$ 96.4 Bn and the market is growing at significant growth rate over the forecast years owing to development of technologically advanced valves for the industrial applications.” The global industrial valves market projected to grow at significant CAGR over the forecast years to reach US$ 96.4 Bn by 2025. The key factors burgeoning the growth of global industrial valves market include surge in the number of end user industries such as oil and gas, pharmaceutical, water and waste water treatment, and chemical industries around the globe. Moreover, market players are focus on the R&D activities for the development of technologically advanced products such as lightweight and smart valves, modernization and expansion of production capacity by end users, rapid urbanization coupled with government initiations for the smart city development, and increase in investments for the water and waste water projects are anticipated to propel the revenue of market over the forecast timeframe. However, volatility in raw material prices, decrease in oil and gas exploration, lack of standard regulations, and high cost of advanced products are hamper the growth of market. Global industrial valves market segmented on the basis of product type, material type, valve size, application, and region For Request Sample Report @https://www.precisionbusinessinsights.com/request-sample?product_id=38599 Butterfly Valves Segment Expected to Dominate the Global Industrial Valves Market Based on the product type, global industrial valves market segmented into ball valves, butterfly valves, gate valves, glove valves, plug valves, check valves, diaphragm valves, safety valves, and others. Butterfly valves segment dominated the market in 2018 and it is expected to burgeon at 5.8% CAGR over the forecast years owing to rise in adoption of these valves in oil and gas exploration and new pipeline installations. Moreover, rise in R&D for the launch of newer products also surge the market over the forecast timeframe. For instance, In October 2015, Lagerstedt & Krantz AB launched new range of high performance butterfly valves with Fire Safe API607 approval as well as Class certificates from DNV-GL, LR and NK. North America Leads the Global Industrial Valves market PBI’s global industrial valves market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, Asia Pacific accounted for larger revenue share through 2014-2018 and expected to dominate over 2019-2025 owing to surge in oil and gas exploration activities in India, China, and Japan. Moreover, rapid urbanization in APAC countries, surge in number of end user industries, and expansion of business by the market players are bolster the market. North America industrial valves market projected to exhibit significant opportunities due to rise in high adoption of advanced industrial valves, increase in R&D activities, ad presence of huge number of market players in the region.
Launch of newer products, frequent product approvals, and strategic alliances are the key strategies adopted by market players
Global Industrial Valves market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance. In April 2017, IMI launched AB6350 valve for small Combined Heat and Power plants such as incineration, biomass and other small co-generation power plants. Key player’s profiles in the report areAVK Holding A/S, Emerson Electric Company, Weir Group Plc., Curtiss Wright Corp., IMI Plc., Flowserve Corporation, Velan Inc., General Electric Company, Honeywell International Inc., Pentair Ltd., Lagerstedt & Krantz AB, Alfa Laval AB, Circor International Ltd., SPX Corporation, Watts Water Technologies, Inc., Parker Hannifin Corporation, Nibco, Inc., and Crane Co. Precision Business Insights (PBI) in its report titled “Global Industrial Valves Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Detailed Segmentation
By Product Type o Ball Valves o Butterfly Valves o Gate Valves o Glove Valves o Plug Valves o Check Valves o Diaphragm Valves o Safety Valves o Others By Material Type o Cast Iron o Stainless Steel o Cryogenic o Alloy Based o Others By Valve Size o Up to 1” o 1-6” o 6-25” o 25-50” o 50” and above By Application o Oil and Gas o Chemicals o Food and Beverages o Pharmaceuticals o Water and Waste Water Treatment o Energy and Power o Building and Construction o Others Geography o North America
o Europe
o Asia-Pacific
o Latin America
o Middle East and Africa (MEA)
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