Industrial Valves Market Forecasts to 2028 – Global Analysis By Product (Multi-Turn Valve and Quarter-Turn Valve), Function, Size, Accessory, Material, Type, End User and By Geography
According to Stratistics MRC, the Global Industrial Valves Market is accounted for $48.10 billion in 2020 and is expected to reach $140.12 billion by 2028 growing at a CAGR of 14.3% during the forecast period. Increasing focus on the global development of smart cities, rising need for connected networks to monitor and maintain industrial equipment and rising demand for valves from healthcare and pharmaceuticals industries due to outbreak of Covid-19 pandemic are driving the market growth. However, lack of standardized norms and governing policies is hampering the growth of the market.
Industrial valves are mechanical devices which are used to alter the stream or flow of water or other liquids, gases and slurries. Industrial valves regulate the flow via pipes and other passages by opening, closing and partially opening the vaults. With the increasing investments in technology, these manually control mechanical devices can now be operated automatically.
Based on the function, the on-off/isolation valves segment is going to have lucrative growth during the forecast period. On-off/isolation valves are one of the most elementary and indispensable components of the present modern technological society. These are essential to virtually all manufacturing processes and every energy production and supply system. On-off/isolation valves fulfil stringent shut-off requirements across various industries; therefore, these valves account for a larger share of the overall industrial valves market.
By geography, Asia Pacific is going to have high growth during the forecast period due to the speedy population growth and urbanization in developing economies such as India, Japan and China which have led to the growth of the water & wastewater treatment, energy & power, pharmaceuticals, building & construction, chemicals, and oil & gas industries.
Some of the key players profiled in the Industrial Valves Market include Alfa Laval, AVK Holding AS, Broer Group, CIRCOR International Inc., Crane Co., Curtiss-Wright Corporation, Danfoss AS, Emerson Electric Co., Georg Fischer Ltd, Flowserve Corporation, General Electric (Baker Hughes), Hitachi Metals Ltd, Honeywell International Inc., IMI PLC and ITT Inc.
Estimated Market Size in 2020:
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 140.12 billion
Tables, Graphs& Figures
Product, Function, Size, Accessory, Material, Type, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Multi-Turn Valve
• Quarter-Turn Valve
• Non Return
• Safety Relief
• Special Purpose
• Up To 1”
• 50” and Larger
• Dust Protection Covers
• Hydraulic Filter
• Mounting Screws & Bolts
• Power Cable
• Seal Kits
• Alloy Based
• Cast Iron
• Ductile & Gray Iron
• Carbon Steel
• Cast Steel
• Stainless Steel
• Other Materials
• Ball Valves
• Butterfly Valves
• Check Valves
• Diaphragm Valves
• Gate Valves
• Globe Valves
• Plug Valves
• Other Valve Types
End Users Covered:
• Building & Construction
• Energy & Power
• Food & Beverages
• Metals & Mining
• Oil & Gas
• Pharmaceuticals & Healthcare
• Process Manufacturer
• Pulp & Paper
• Water & Wastewater Treatment
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Industrial Valves Market is majorly driven by increasing focus on the global development of smart cities, rising need for connected networks to monitor and maintain industrial equipment and rising demand for valves from healthcare and pharmaceuticals industries due to outbreak of Covid-19 pandemic.
The on-off/isolation valves segment is growing at a highest CAGR owing to fulfillment of stringent shut-off requirements across various industries.
Asia Pacific dominated with a significant market share due to the factors such as speedy population growth and urbanization in developing economies such as India, Japan and China.
North America market is growing at a highest CAGR owing to increasing R&D activities in the region pertaining to the use of actuators in the valves for automation and the rising demand for safety applications.
Key players in Industrial Valves Market include Alfa Laval, AVK Holding AS, Broer Group, CIRCOR International Inc., Crane Co., Curtiss-Wright Corporation, Danfoss AS, Emerson Electric Co., Georg Fischer Ltd, Flowserve Corporation, General Electric (Baker Hughes), Hitachi Metals Ltd, Honeywell International Inc., IMI PLC and ITT Inc.
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