Global Industrial Valve Market

According to the report by Market Research Future (MRFR), the global industrial valve market is poised to register a market valuation of USD 90.77 billion by 2023, at a moderate CAGR of 4.53%, over the forecast period.

Drivers And Restraints

The global industrial valve market is expected to witness this remarkable growth owing to several driving factors such as the rapid industrialization taking place in the developing countries across the globe. In addition, the continual advancements to increase the output in the process manufacturing units contribute towards the increasing demand for technologically advanced industrial valve market over the review period.

Get Free Sample Copy Report @ https://www.marketresearchfuture.com/sample_request/7536

Competitive Analysis

The key market players identified by MRFR include AVK Holding A/S (Denmark), Conbraco Industries Inc. (US), Crane Co. (US), Emerson (US), Flowserve Corporation (US), IMI PLC (US), Kitz Corporation (Japan), Schlumberger Limited (US), Neway Valve (Suzhou) Co., Ltd. (China), and Weir Group (UK).

Segmental Analysis

The global industrial valve market is segmented on the basis of type, material, and end-use verticals.

The types of industrial valve market available in the market are ball valves, butterfly valves, check valves, gate valves, globe valves, pinch valve, and plug valves. The ball valves segment is expected to reach a substantial market share over the review period, owing to the increading adoption of ball valves in the oil and gas sector. In addition, the plug valves segment is slated to record the highest growth rate over the assessment period, due to the increasing demand from chemical companies.

The materials used in the market are alloy-based, brass, cast iron, cryogenic, stainless steel, and others. The cryogenic material segment is poised to register the fastest growth rate due to their property of superior functionality in both, low temperature and under high pressure settings. Consequently, this is expected to drive the demand for cryogenic plug valves in industries such as oil and gas, and chemicals over the review period.

The end-user industry verticals that contribute towards the demand of Industrial Valve Market are chemicals, construction, energy & power, food and beverages, oil & gas, pulp and paper, water and wastewater treatment, and others.

Regional Analysis

On the basis of region, the market has been segmented into Asia Pacific, Europe, North America, and the rest of the world.

North America is assessed as the largest regional market for industrial valve market and is expected to record the largest market share over the review period. This is attributed to the established industry verticals such as oil and gas, energy and power, chemicals, among others, are contributing towards the robust demand for industrial valve market. Moreover, the presence of established industrial verticals is also expected to fuel the demand, and consequently the market share for industrial valve market in North America over the assessment period.

The Asia Pacific market for industrial valve market is projected to record the fastest growth rate and a substantial market share over the review period. This is attributed to the rise in power generation, owing to the population growth and rapid industrialization in the emerging economies in the region, such as India, China, Japan, South Korea, among others. The growth in various industrial sectors such as chemicals, oil & gas, construction, energy & power, and pharmaceuticals, among others.

Get Complete Report @ https://www.marketresearchfuture.com/reports/industrial-valve-market-7536

Industry News

September 2019: Tene Investment Funds Ltd., an Israel-based private equity fund, acquired 74% stake of Habonim Industrial Valves & Actuators Ltd., a leading manufacturer and supplier of industrial valves, for USD 28.3 million.

September 2019: KCM Capital Partners LLC, a U.S. based business investment firm, acquired Industrial Valve Sales & Services LLC, a provider of specialty valve services and products. The aim of the acquisition was to enhance IVS with strategic and financial resources provided by KCM.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact Us:

Market Research Future

Office No. 528, Amanora Chambers

Pune – 411028 Maharashtra, India

Phone: +91 841 198 5042

Mail: [email protected]