Global Industrial Valves Market Is Projected To Grow Considerably In the Years

Global Industrial Valves Market is projected to grow considerably in the years to come owing to the extensive use of industrial valves in oil & gas and power industries. Valves are the mechanical tools that control the flow and pressure of gases, liquids and slurries in any system. They are also recognized as regulators and have a wide range of applications; which can be operated automatically or manually. These valves differ in size, design, operation and function. There are several methods that classify the valves depending on their function and mechanism. Valves are a part of multiple daily-used machinery and can perform variety of tasks. But the major functions of valves include stopping and starting the flow, clogging or controlling the flow and acting as a non-return for the flow (checking).

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The major types of industrial valves comprise globe, ball, butterfly and gate valves. The ball valves are used in rotational motion to start, stop or choke the flow of liquids or gases in systems. The revenue growth of industrial valve market is observed with several factors like augmented sale of industrial valves in modern infrastructures, development and utilities across globe. Additionally, repairs and renovation in the current infrastructure is also driving the industrial valves market growth.

Another major driver of industrial valves market is the rising demand for the industrial valves in sectors like power, wastewater, oil & gas, etc. Governments from emerging nations like China, India and Brazil are investing heavily in pipeline infrastructure development primarily in the oil & gas sector, which is predicted to encourage the installation of industrial valves in the forecast period. This is further expected to result in greater demand of valves that are used in valve actuators namely, hydraulically, electrically, and pneumatically, etc. in various industry verticals, which ultimately increases the demand and contribution to industrial valves market.

Besides, the continuous power generation through existing and old power plants is also stimulating the demand for industrial valves in power segment. However, strict government regulations and the pricing competition among vendors are the factors obstructing the growth of industrial valve market. The involvement of cross-industry vendors in industrial valves market is also intensifying the vendor competition. For instance, pump and filtration vendors in industrial valves market are offering valves with the core valve vendors. Nevertheless, the newbies along with existing industrial valves market players are expected to launch and develop specialized products for market differentiation and create higher margin valves, which will stabilize the competition.

Industrial valve market is categorized on the basis of product type, application and geography. On the basis of product type, industrial valve market is divided into Globe Valve, Ball Valve, Butterfly Valve, RSV Gate Valve, Wedge Gate Valve, Knife Gate Valve, Check Valve, Automatic Control Valve, Pinch Valve, Float Valve, Air Valve and others. Owing to the rise in demand from industries like oil & gas, power, chemical, and water & wastewater, globe and ball valve are anticipated to dominate industrial valve market in near future.

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In terms of application, industrial valve market is segmented as Oil & Gas, Power Generation, Refinery, Water, Wastewater Effluent, Chemicals, Agriculture, Mining, etc. Power generation segment is predicted to grow significantly due to the rising power demand from emerging nations across globe.

Geographically, industrial valves market is segmented as North America, South America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific are expected to hold larger industrial valves market share in the coming years due to significant position of emerging countries in the chemical processing industries.

The key industrial valves market players comprise Flowserve, Forbes Marshall, AVK Holding, Cameron – Schlumberger, Crane Co., Avcon Controls Private Limited, Emerson, IMI Plc., Metso, Velan Inc., Neway Valves, Samson AG, The Weir Group Plc. and Spirax Sarco.

In this report, the global Industrial Valves market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.

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