Valves are vital components used in both domestic and industrial perspective. The valves particularly control the volume, pressure, rate and direction of fluids. valves are mostly used in heavy industries and are available in various kinds. The industrial valves include standard valves that offer leak-proof and low-maintenance ability. However, they are manual operated. Further, industrial valves also include automatic valves which are more efficient than standard valves.
Industrial valves market is mainly driven by growing demand of petrochemical products such as paints, polymers, plastics, and fuel additives. Another major factor to drive demand for industrial valves is growing oil & gas and power application industry in Africa and Middle East regions. However, fading demand from mining industry is major restraints that could hinder the growth of the industrial valves market.
Value chain analysis and Porter’s Five Forces Model have been presented to provide a comprehensive view of the market. These would also help understand specifics of the industry structure apart from giving an overview of degree of competitiveness. The market was segmented on the basis of type, and end-use application industry in terms of value. The market segments by end-use application industry include oil & gas, chemical, municipal, power, and others. The valve type segmentation includes market size of ball valves, globe valves, gate valves, butterfly valves, and others.
The study segments the global industrial valves market on the basis of applications such as oil & gas, chemical, municipal, power and others. It provides forecasts and estimates for each application segment in terms of revenue and volume during the forecast period for each region, including countries as well. The study also analyzes market attractiveness for all applications of industrial valves with the help of the market attractiveness tool.
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In terms of geography, global industrial valves market has been segmented into the following regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa (MEA). Each region has been further divided into countries that are found to be key markets for industrial valves.
Asia Pacific is the fastest growing market for industrial valves among other regions. China and India are emerging economies that exhibits increased rate of industrialization and commercialization which is expected to trigger the growth of industrial valves demand. Middle East and Northern Africa are likely to become the second fastest growing market.
Some of the key manufacturers of industrial valves market include Pentair plc, Emerson Electric Co., KITZ Corporation, AVK Holding A/S, Emerson Electric, General Electric, Cameron International, and Curtiss-Wright Corporation.
This report segments the global industrial valves market as follows:
Global Industrial Valves Market: Valve Type Segment Analysis
- Ball valve
- Globe valve
- Gate valve
- Butterfly valve
Global Industrial Valves Market: Application Segment Analysis
- Oil & gas
Global Industrial Valves Market: Regional Segment Analysis
- North America
- Latin America
- Middle East & Africa
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