PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1410969
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1410969
Middle East and Africa Industrial Valves Market, By Type ; By Material Type ; By Function ; By End User ; By Country, Trend Analysis, Competitive Landscape & Forecast, 2019-2029
Middle East and Africa Industrial Valves Market Size Expands at Steady CAGR of 4.33%, Surpassing USD 4.4 Billion by 2029.
Middle East and Africa Industrial Valves Market is flourishing because of an increasing demand for valves from the thriving chemicals and oil & gas industries.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Middle East and Africa Industrial Valves Market size at USD 3.42 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects Middle East and Africa Industrial Valves Market size to grow at a CAGR of 4.33% reaching a value of USD 4.41 billion by 2029. Major growth drivers for the Middle East and Africa Industrial Valves Market include a spurring demand for industrial valves from the region's thriving oil & gas industry, expanding manufacturing sector, and a growing emphasis on infrastructure development. The trend is particularly noteworthy in the region, renowned for its abundant oil & gas reserves. The demand for industrial valves is underscored by the imperative for precise flow control, reliability, and safety in diverse industrial processes. Notably, the escalating emphasis on localized manufacturing and tailored valve solutions attuned to regional requirements enhances competitiveness, shaping a distinctive market landscape. Additionally, the region's shift toward renewable energy necessitates specialized valves, further contributing to sustained demand. Economic diversification away from oil and gas, complemented by investments in petrochemicals, manufacturing, and renewable energy, fuels the enduring demand for industrial valves. Concurrently, strategic workforce development initiatives foster a skilled labor pool crucial for the efficient operation of industrial valves across diverse industries. Ongoing advancements in materials research, valve design, and production techniques reinforce the development of high-performance valves, thereby supporting the enduring expansion of the industrial valve market in the MEA region. The growth of urban centers drives substantial upgrades in infrastructure, wherein water distribution networks, transportation systems, and buildings stand as integral components necessitating industrial valves. However, high cost and need for regular maintenance and mining industry slowdown in South Africa are anticipated to restrain the overall market growth during the forecast period.
Opportunity - Growing environmental concerns
Environmental concerns are propelling the expansion of the industrial valve market. The surge in demand for industrial valves in green technologies is a direct response to the growing awareness of environmental issues and the emphasis on sustainability. These valves play a pivotal role in optimizing processes and mitigating environmental impact, particularly in pollution prevention, wastewater treatment, and the generation of renewable energy. They are indispensable for controlling fluid flow in systems, such as solar thermal, wind turbine cooling, and hydroelectric power plants. Through the regulation of flow and treatment procedures, valves contribute significantly to effective and environmentally friendly wastewater treatment. In alignment with the increasing focus on environmental sustainability, valves actively support pollution control initiatives by regulating emissions, preventing leaks, and maintaining process efficiency. The strategic alignment positions industrial valves as key components in addressing environmental challenges and underscores their crucial role in market expansion.
Impact of Escalating Geopolitical Tensions on Middle East and Africa Industrial Valves Market
The Middle East and Africa Industrial Valves Market has been significantly impacted by intensifying geopolitical tension in recent times. For instance, the ongoing Israel-Hamas and Russia-Ukraine wars have disrupted the supply chains and cause price fluctuations in commodities, particularly in the oil and gas sector. These fluctuations can, in turn, influence the costs of raw materials essential for valve production, potentially affecting the pricing dynamics of industrial valves on a global scale. In addition, the sanctions imposed on Russia by the United States and other countries can limit the movement of raw materials, leading to potential shortages. Beyond the war zones and disputed areas, the ongoing crisis jeopardizes a talent pool necessary for advancing technology and innovation in the industrial valves, hindering the market's overall growth and development.
Despite the current challenges posed by geopolitical tensions, there are potential growth opportunities for the Middle East and Africa Industrial Valves Market. Focusing on strategic planning, collaborations, and foreign investments is essential for unlocking transformative potential. The proactive approach positions the market to play a pivotal role in enhancing fluid and gas flow management, safety measures, and regulatory compliance across sectors such as oil & gas, water treatment, and manufacturing. As a result, the Middle East and Africa Industrial Valves Market can seize these growth opportunities and plays a pivotal role in bolstering regional infrastructure resilience and sustainability.
Middle East and Africa Industrial Valves Market - By End User
By end user, the Middle East and Africa Industrial Valves Market is bifurcated into Oil & Gas and Chemicals & Petrochemical segments. The oil & gas segment holds a higher share in the Middle East and Africa Industrial Valves Market by end-user. The Middle East & Africa relies significantly on the oil & gas industry, a major application for industrial valves. Renowned for its abundant oil and natural gas deposits, the region plays a vital role as a global supplier of energy resources. The oil & gas sector's integrated activities, spanning exploration to distribution, demand precise fluid and gas flow management, safety measures, and regulatory compliance. Industrial valves are indispensable in ensuring the effectiveness and consistency of these processes. With energy security a top priority, the region depends on a robust infrastructure, strategic storage, and transportation networks, all underpinned by industrial valves for reliability in supporting economic stability and global influence.
Middle East and Africa Industrial Valves Market - By Country
Geographically, the Middle East and Africa Industrial Valves Market is segmented as Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, and Rest of MEA. Saudi Arabia holds the highest share in the Middle East and Africa Industrial Valves Market. The primary drivers of Saudi Arabia's dominance include a surge in industrial activities and the proliferation of manufacturing plants in sectors, such as oil & gas, chemicals, and water. This surge contributes to a rising demand for industrial valves capable of effectively managing high-pressure conditions. The kingdom's continued growth in these sectors positions it as a key player in the market, reinforcing its dominance over the forecasted period. Meanwhile, South Africa is expected to record the fastest growth rate during the forecast period. South Africa's robust manufacturing sector, encompassing industrial valves, plays a pivotal role across various industries such as oil and gas, water treatment, electricity production, chemicals, and mining. The mining sector, integral to the country, relies heavily on valves that are corrosion and abrasion resistant. The construction boom in utilities, roads, and bridges amplifies the demand for industrial valves, while addressing water scarcity fuels investment in water distribution infrastructure, subsequently increasing the need for valves in the water industry. South Africa's industrial valve industry is adapting to export opportunities, emphasizing custom valve production tailored to specific industry demands. Specialized valves, designed for challenging environments like mining and petrochemicals, ensure resilience in the South Africa.
Competitive Landscape
Major players operating in the Middle East and Africa Industrial Valves Market include: Velan Inc., Crane Co., Circor International Inc, Flowserve Corp, Emerson Electric Co, KITZ Corporation, Schlumberger Ltd, Weir Group PLC, Johnson Controls, and AVK Holding A/S. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Middle East and Africa Industrial Valves Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Middle East and Africa Industrial Valves Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Material Type Overview
- 1.3. Market Segmentation
2. Executive Summary
3. Middle East and Africa Industrial Valves Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.2. Growth Drivers
- 3.2.2.1. Growing chemical industry
- 3.2.2.2. Expanding oil and gas industry
- 3.2.3. Restraints
- 3.2.3.1. High cost and need for regular maintenance
- 3.2.3.2. Mining industry slowdown in South Africa
- 3.2.4. Opportunities
- 3.2.4.1. Increasing foreign investment
- 3.2.4.2. Rising Preference for Large Valves
- 3.2.5. Challenges
- 3.2.5.1. Technological obsolescence
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. Middle East and Africa Industrial Valves Market Overview
- 4.1. Market Size & Forecast, 2019-2029
- 4.1.1. By Value (USD Billion)
- 4.2. Market Share and Forecast
- 4.2.1. By Type
- 4.2.1.1. Ball Valves
- 4.2.1.2. Globe Valves
- 4.2.1.3. Plug Valves
- 4.2.1.4. Others
- 4.2.2. By Material Type
- 4.2.2.1. Cast Iron
- 4.2.2.2. Steel
- 4.2.2.3. Cryogenic
- 4.2.2.4. Alloy-based
- 4.2.2.5. Others
- 4.2.3. By Function
- 4.2.3.1. Control
- 4.2.3.2. Isolation
- 4.2.3.3. Check
- 4.2.3.4. Special
- 4.2.4. By End User
- 4.2.4.1. Oil & Gas
- 4.2.4.2. Chemicals & Petrochemical
- 4.2.4.3. Others
- 4.2.5. By Country
- 4.2.5.1. Saudi Arabia
- 4.2.5.2. UAE
- 4.2.5.3. Qatar
- 4.2.5.4. Kuwait
- 4.2.5.5. South Africa
- 4.2.5.6. Nigeria
- 4.2.5.7. Algeria
- 4.2.5.8. Rest of MEA
- 4.2.1. By Type
5. Saudi Arabia Industrial Valves Market
- 5.1. Market Size & Forecast, 2019-2029
- 5.1.1. By Value (USD Billion)
- 5.2. Market Share & Forecast
- 5.2.1. By Type
- 5.2.2. By Material Type
- 5.2.3. By Function
- 5.2.4. By End User
6. UAE Industrial Valves Market
- 6.1. Market Size & Forecast, 2019-2029
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Material Type
- 6.2.3. By Function
- 6.2.4. By End User
7. Qatar Industrial Valves Market
- 7.1. Market Size & Forecast, 2019-2029
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Material Type
- 7.2.3. By Function
- 7.2.4. By End User
8. Kuwait Industrial Valves Market
- 8.1. Market Size & Forecast, 2019-2029
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Material Type
- 8.2.3. By Function
- 8.2.4. By End User
9. South Africa Industrial Valves Market
- 9.1. Market Size & Forecast, 2019-2029
- 9.1.1. By Value (USD Billion)
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Material Type
- 9.2.3. By Function
- 9.2.4. By End User
10. Nigeria Industrial Valves Market
- 10.1. Market Size & Forecast, 2019-2029
- 10.1.1. By Value (USD Million)
- 10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Material Type
- 10.2.3. By Function
- 10.2.4. By End User
11. Algeria Industrial Valves Market
- 11.1. Market Size & Forecast, 2019-2029
- 11.1.1. By Value (USD Million)
- 11.2. Market Share & Forecast
- 11.2.1. By Type
- 11.2.2. By Material Type
- 11.2.3. By Function
- 11.2.4. By End User
12. Rest of MEA Industrial Valves Market
- 12.1. Market Size & Forecast, 2019-2029
- 12.1.1. By Value (USD Million)
- 12.2. Market Share & Forecast
- 12.2.1. By Type
- 12.2.2. By Material Type
- 12.2.3. By Function
- 12.2.4. By End User
13. Competitive Landscape
- 13.1. List of Key Players and Their Offerings
- 13.2. Middle East and Africa Industrial Valves Market Share Analysis, 2022
- 13.3. Competitive Benchmarking, By Operating Parameters
- 13.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
14. Impact of Covid-19 on Middle East and Africa Industrial Valves Market
15. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 15.1. Velan Inc.
- 15.2. Crane Co.
- 15.3. Circor International Inc
- 15.4. Flowserve Corp
- 15.5. Emerson Electric Co
- 15.6. KITZ Corporation
- 15.7. Schlumberger Ltd
- 15.8. Weir Group PLC
- 15.9. Johnson Controls
- 15.10. AVK Holding A/S
- 15.11. Other Prominent Players
16. Key Strategic Recommendations
17. Research Methodology
- 17.1. Qualitative Research
- 17.1.1. Primary & Secondary Research
- 17.2. Quantitative Research
- 17.3. Market Breakdown & Data Triangulation
- 17.3.1. Secondary Research
- 17.3.2. Primary Research
- 17.4. Breakdown of Primary Research Respondents, By Region
- 17.5. Assumptions & Limitations
*Financial information of case of non-listed companies can be provided as per availability..
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
Figures
- Figure 1 Middle East & Africa Industrial Valves Market Size, By Value (USD Billion), 2019-2029
- Figure 2 Middle East & Africa Industrial Valves Market Share, By Type, By Value, 2019-2029
- Figure 3 Middle East & Africa Industrial Valves Market Share, By Material Type, By Value, 2019-2029
- Figure 4 Middle East & Africa Industrial Valves Market Share, By Function, By Value, 2019-2029
- Figure 5 Middle East & Africa Industrial Valves Market Share, By End User, By Value, 2019-2029
- Figure 6 Middle East & Africa Industrial Valves Market Share, By Country, By Value, 2019-2029
- Figure 7 Saudi Arabia Industrial Valves Market Size, By Value (USD Billion), 2019-2029
- Figure 8 Saudi Arabia Industrial Valves Market Share, By Type, By Value, 2019-2029
- Figure 9 Saudi Arabia Industrial Valves Market Share, By Material Type, By Value, 2019-2029
- Figure 10 Saudi Arabia Industrial Valves Market Share, By Function, By Value, 2019-2029
- Figure 11 Saudi Arabia Industrial Valves Market Share, By End User, By Value, 2019-2029
- Figure 12 UAE Industrial Valves Market Size, By Value (USD Million), 2019-2029
- Figure 13 UAE Industrial Valves Market Share, By Type, By Value, 2019-2029
- Figure 14 UAE Industrial Valves Market Share, By Material Type, By Value, 2019-2029
- Figure 15 UAE Industrial Valves Market Share, By Function, By Value, 2019-2029
- Figure 16 UAE Industrial Valves Market Share, By End User, By Value, 2019-2029
- Figure 17 Qatar Industrial Valves Market Size, By Value (USD Million), 2019-2029
- Figure 18 Qatar Industrial Valves Market Share, By Type, By Value, 2019-2029
- Figure 19 Qatar Industrial Valves Market Share, By Material Type, By Value, 2019-2029
- Figure 20 Qatar Industrial Valves Market Share, By Function, By Value, 2019-2029
- Figure 21 Qatar Industrial Valves Market Share, By End User, By Value, 2019-2029
- Figure 22 Kuwait Industrial Valves Market Size, By Value (USD Million), 2019-2029
- Figure 23 Kuwait Industrial Valves Market Share, By Type, By Value, 2019-2029
- Figure 24 Kuwait Industrial Valves Market Share, By Material Type, By Value, 2019-2029
- Figure 25 Kuwait Industrial Valves Market Share, By Function, By Value, 2019-2029
- Figure 26 Kuwait Industrial Valves Market Share, By End User, By Value, 2019-2029
- Figure 27 South Africa Industrial Valves Market Size, By Value (USD Million), 2019-2029
- Figure 28 South Africa Industrial Valves Market Share, By Type, By Value, 2019-2029
- Figure 29 South Africa Industrial Valves Market Share, By Material Type, By Value, 2019-2029
- Figure 30 South Africa Industrial Valves Market Share, By Function, By Value, 2019-2029
- Figure 31 South Africa Industrial Valves Market Share, By End User, By Value, 2019-2029
- Figure 32 Nigeria Industrial Valves Market Size, By Value (USD Million), 2019-2029
- Figure 33 Nigeria Industrial Valves Market Share, By Type, By Value, 2019-2029
- Figure 34 Nigeria Industrial Valves Market Share, By Material Type, By Value, 2019-2029
- Figure 35 Nigeria Industrial Valves Market Share, By Function, By Value, 2019-2029
- Figure 36 Nigeria Industrial Valves Market Share, By End User, By Value, 2019-2029
- Figure 37 Algeria Industrial Valves Market Size, By Value (USD Million), 2019-2029
- Figure 38 Algeria Industrial Valves Market Share, By Type, By Value, 2019-2029
- Figure 39 Algeria Industrial Valves Market Share, By Material Type, By Value, 2019-2029
- Figure 40 Algeria Industrial Valves Market Share, By Function, By Value, 2019-2029
- Figure 41 Algeria Industrial Valves Market Share, By End User, By Value, 2019-2029
- Figure 42 Rest of MEA Industrial Valves Market Size, By Value (USD Million), 2019-2029
- Figure 43 Rest of MEA Industrial Valves Market Share, By Type, By Value, 2019-2029
- Figure 44 Rest of MEA Industrial Valves Market Share, By Material Type, By Value, 2019-2029
- Figure 45 Rest of MEA Industrial Valves Market Share, By Function, By Value, 2019-2029
- Figure 46 Rest of MEA Industrial Valves Market Share, By End User, By Value, 2019-2029
List of Tables
- Table 1 Middle East & Africa Industrial Valves Market Size, By Value (USD Billion), 2019-2029
- Table 2 Middle East & Africa Industrial Valves Market Size, By Type, By Value, 2019-2029
- Table 3 Middle East & Africa Industrial Valves Market Size, By Material Type, By Value, 2019-2029
- Table 4 Middle East & Africa Industrial Valves Market Size, By Function, By Value, 2019-2029
- Table 5 Middle East & Africa Industrial Valves Market Size, By End User, By Value, 2019-2029
- Table 6 Middle East & Africa Industrial Valves Market Size, By Country, By Value, 2019-2029
- Table 7 Saudi Arabia Industrial Valves Market Size, By Value (USD Billion), 2019-2029
- Table 8 Saudi Arabia Industrial Valves Market Size, By Type, By Value, 2019-2029
- Table 9 Saudi Arabia Industrial Valves Market Size, By Material Type, By Value, 2019-2029
- Table 10 Saudi Arabia Industrial Valves Market Size, By Function, By Value, 2019-2029
- Table 11 Saudi Arabia Industrial Valves Market Size, By End User, By Value, 2019-2029
- Table 12 UAE Industrial Valves Market Size, By Value (USD Million), 2019-2029
- Table 13 UAE Industrial Valves Market Size, By Type, By Value, 2019-2029
- Table 14 UAE Industrial Valves Market Size, By Material Type, By Value, 2019-2029
- Table 15 UAE Industrial Valves Market Size, By Function, By Value, 2019-2029
- Table 16 UAE Industrial Valves Market Size, By End User, By Value, 2019-2029
- Table 17 Qatar Industrial Valves Market Size, By Value (USD Million), 2019-2029
- Table 18 Qatar Industrial Valves Market Size, By Type, By Value, 2019-2029
- Table 19 Qatar Industrial Valves Market Size, By Material Type, By Value, 2019-2029
- Table 20 Qatar Industrial Valves Market Size, By Function, By Value, 2019-2029
- Table 21 Qatar Industrial Valves Market Size, By End User, By Value, 2019-2029
- Table 22 Kuwait Industrial Valves Market Size, By Value (USD Million), 2019-2029
- Table 23 Kuwait Industrial Valves Market Size, By Type, By Value, 2019-2029
- Table 24 Kuwait Industrial Valves Market Size, By Material Type, By Value, 2019-2029
- Table 25 Kuwait Industrial Valves Market Size, By Function, By Value, 2019-2029
- Table 26 Kuwait Industrial Valves Market Size, By End User, By Value, 2019-2029
- Table 27 South Africa Industrial Valves Market Size, By Value (USD Million), 2019-2029
- Table 28 South Africa Industrial Valves Market Size, By Type, By Value, 2019-2029
- Table 29 South Africa Industrial Valves Market Size, By Material Type, By Value, 2019-2029
- Table 30 South Africa Industrial Valves Market Size, By Function, By Value, 2019-2029
- Table 31 South Africa Industrial Valves Market Size, By End User, By Value, 2019-2029
- Table 32 Nigeria Industrial Valves Market Size, By Value (USD Million), 2019-2029
- Table 33 Nigeria Industrial Valves Market Size, By Type, By Value, 2019-2029
- Table 34 Nigeria Industrial Valves Market Size, By Material Type, By Value, 2019-2029
- Table 35 Nigeria Industrial Valves Market Size, By Function, By Value, 2019-2029
- Table 36 Nigeria Industrial Valves Market Size, By End User, By Value, 2019-2029
- Table 37 Algeria Industrial Valves Market Size, By Value (USD Million), 2019-2029
- Table 38 Algeria Industrial Valves Market Size, By Type, By Value, 2019-2029
- Table 39 Algeria Industrial Valves Market Size, By Material Type, By Value, 2019-2029
- Table 40 Algeria Industrial Valves Market Size, By Function, By Value, 2019-2029
- Table 41 Algeria Industrial Valves Market Size, By End User, By Value, 2019-2029
- Table 42 Rest of MEA Industrial Valves Market Size, By Value (USD Million), 2019-2029
- Table 43 Rest of MEA Industrial Valves Market Size, By Type, By Value, 2019-2029
- Table 44 Rest of MEA Industrial Valves Market Size, By Material Type, By Value, 2019-2029
- Table 45 Rest of MEA Industrial Valves Market Size, By Function, By Value, 2019-2029
- Table 46 Rest of MEA Industrial Valves Market Size, By End User, By Value, 2019-2029
- Table 47 Velan Inc. Company Overview
- Table 48 Velan Inc. Financial Overview
- Table 49 Crane Co. Company Overview
- Table 50 Crane Co. Financial Overview
- Table 51 Circor International Inc Company Overview
- Table 52 Circor International Inc Financial Overview
- Table 53 Flowserve Corp Company Overview
- Table 54 Flowserve Corp Financial Overview
- Table 55 Emerson Electric Co Company Overview
- Table 56 Emerson Electric Co Financial Overview
- Table 57 KITZ Corporation Company Overview
- Table 58 KITZ Corporation Financial Overview
- Table 59 Schlumberger Ltd Company Overview
- Table 60 Schlumberger Ltd Financial Overview
- Table 61 Weir Group PLC Company Overview
- Table 62 Weir Group PLC Financial Overview
- Table 63 Johnson Controls Company Overview
- Table 64 Johnson Controls Financial Overview
- Table 65 AVK Holding A/S Company Overview
- Table 66 AVK Holding A/S Financial Overview
