Market Research Report
Global Industrial Valves Market (2020 Edition): Analysis By Valve Type (Ball, Butterfly, Gate, Globe, Check, Plug, Safety, Others), Technology, Size, End-User, By Region, By Country: Market Insights, Covid-19 Impact, Competition & Forecast (2020-2025)
|Published by||Azoth Analytics||Product code||973352|
|Published||Content info||280 Pages
Delivery time: 2-3 business days
|Global Industrial Valves Market (2020 Edition): Analysis By Valve Type (Ball, Butterfly, Gate, Globe, Check, Plug, Safety, Others), Technology, Size, End-User, By Region, By Country: Market Insights, Covid-19 Impact, Competition & Forecast (2020-2025)|
|Published: November 30, 2020||Content info: 280 Pages||
The Global Industrial Valves Market was valued at USD 72672.11 Million in the year 2019. The global industrial valves market is witnessing lucrative growth owing to stringent regulatory standards regarding environment conservation, supportive government policies on energy conservation, mandatory standards imposed by FDA on food safety, as well as growing consumer awareness about product quality. The continuous rise in demand of energy in Asia Pacific region is driving the demand of industrial products from last few years. The recent technology promises substantial reduction in maintenance costs and as a result received by a significantly large number of buyers hailing from diverse industrial backgrounds.
Owing to low production cost in Asian countries backed with rising industrialization, manufacturers are investing in economies such as India and China which is propelling the market growth. Positive outlook towards power sector, food processing and chemical sector coupled with rapid industrialization across developed and emerging economies will drive the industrial valves market. Additionally, expectation of rise in consumer demand and investment by public and private sector in small and medium scale industries is anticipated to drive the market of global industrial valves in future.
The market is also expected to register huge growth in demand post COVID-19 pandemic situation attributable to factors including presence of advanced technology, high disposable income and growing demand of household appliances. With technical advancements and rapidly growing demand in the IIOT technology, the market growth of valves is expected to grow significantly.