Market Research Report
Industrial Valves Market by Material Type (Cast Iron, Steel, Cryogenic, Alloy Based), Size, Valve Type (Ball, Butterfly, Gate, Globe, Check, Plug), Industry (Oil & Gas, Water & Wastewater, Energy & Power), and Geography - Global Forecast to 2023
|Published by||MarketsandMarkets||Product code||329399|
|Published||Content info||235 Pages
|Industrial Valves Market by Material Type (Cast Iron, Steel, Cryogenic, Alloy Based), Size, Valve Type (Ball, Butterfly, Gate, Globe, Check, Plug), Industry (Oil & Gas, Water & Wastewater, Energy & Power), and Geography - Global Forecast to 2023|
|Published: May 30, 2017||Content info: 235 Pages||
The overall industrial valves market is expected to be valued at USD 84.30 billion by 2023, growing at a CAGR of 3.60% between 2017 and 2023. The growing demand for oil & gas production-related facilities in the GCC countries and high demand for energy in APAC are expected to generate a higher demand for industrial valves. The key restraining factors for the growth of the industrial valves market are high cost of fabrication, downtime due to repairing of valves, and slowdown in oil & gas and mining industries.
The industrial valves market for the oil & gas industry is expected to account for the largest market share by 2023as a result of increasing oil & gas projects, replacement of structurally obsolete valves, and continuous increasing demand from oil & gas industries from emerging economies.
The industrial valves market for energy & power is expected to grow at the highest rate during the forecast period. The energy & power industry is expected to contribute significantly in the industrial valves market due to the increased power consumption in the APAC region and large application of valves in hydro and thermal power generation plant. Industrial valves are also used in nuclear power plants, especially in processes such as feed water, cooling water, chemical treatment, and steam turbine control systems.
Asia Pacific is expected to hold the largest share of the industrial valves market during the forecast period. This region is abode of many industrial valve manufacturing companies. The industrial valves market in Asia Pacific (APAC) is expected to grow at a high rate during the forecast period. The high growth of the market in this region can be attributed to the increasing demand for pipelines in oil & gas and water & wastewater applications and ongoing power generation activities.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key people in the industrial valves market. The break-up of primary participants for the report has been shown below:
The report also profiles the key players in this market. The prominent players profiled in this report are AVK Holding (Denmark), Avcon Controls Private Limited (India), Cameron - Schlumberger (US), Crane Co. (US), Emerson (US), Flowserve (US), Forbes Marshall (India), IMI Plc. (UK), Metso (Europe), Neway Valves (China), Velan Inc. (Canada), Samson AG (Germany), Spirax Sarco (UK), and Weir (UK).
This research report categorizes the overall industrial valves market based on material type, valve type, size, industry, and region. The report describes major drivers, restraints, challenges, and opportunities pertaining to the market as well as provides value chain analysis.
The report would help leaders/new entrants in this market in the following ways:
Top companies analyzed for this study are - Emerson Electric Company; Pentair Plc; Cameron-Schlumberger; Flowserve Corporation; IMI PLC.; Metso Corporation; The Weir Group Plc.; Crane Co.; Apollo Valves; Neway Valves Co. Ltd; L&T Valves; Samson AG; Kitz Corporation; AVK Holding A/S; Avcon Controls Pvt. Ltd; Forbes Marshall; Velan Inc.; ABB; JC Valves; Kim Valves; Tripple M; Spirax Sarco Engineering; Pennant Engineering; Intelligent Valve Applications; Alfa Laval AB
*Details on Business Overview, Products offered & Services strategies, Key Insights, Recent Developments, MnM View might not be captured in case of unlisted companies.