Published by Uma Rajagopal
Posted on January 25, 2022
A new market research report by Future Market Insights (FMI) suggests that the increasing exploration activities for new water sources will predominantly favor the growth of market over the course of coming years. The global industrial valves market is estimated to be worth around US$ 71.8 Bn in 2022. With rising adoption of industrial valves for regulating the flow of materials, the overall demand is anticipated to rise at a moderate CAGR of 4.3% between 2022 and 2029, totaling a valuation of US$ 96.2 Bn by 2029.
Steel will continue to remain the most preferred material for the production of industrial valves. Majority of end-use industries are inclined towards employing steel industrial valves due to their various advantages including durability and corrosion resistance
Rising demand for industrial valves from various industries such as oil & gas, power plants, chemical and water & wastewater treatment is driving the global industrial valves market.
Request a sample to obtain authentic analysis and comprehensive market insights at- https://www.futuremarketinsights.com/reports/sample/rep-gb-4162
Industrial valves are the mechanical devices that open, close or partially obstruct passageways to regulate the flow of liquid, gas and slurries within a system. They are being extensively utilized across multiple industries for regulating the material flow. They are designed to handle high pressure and temperatures while providing superior efficiency.
Rapid industrialization across the world has resulted in the increase in industrial valves demand during the last few years. These industrial valves provide an easy and affordable means of controlling flow of materials across major industries.
Regionally, Asia Pacific Excluding Japan (APEJ) will continue to dominate the global industrial valves market, accounting for a share of 42.2% in 2022. Rapid industrialization, surging oil & gas activities, and expansion of residential and commercial sectors are some of the factors driving the industrial valves market in APEJ.
The steady expansion of chemical industry and revival of oil & gas industry are also likely to play a crucial role in pushing sales of industrial valves at a global level. Furthermore, FMI’s report indicates that abundant opportunities exist in chemical, and water & wastewater industries.
With the onset of Industry 4.0 and the reciprocating shift of industries towards automation, the industrial valves landscape is compelled to move beyond its traditional, old-school valve engineering models. Although manually operated valves still account for almost 2/3rd of total sales, FMI foresees a rapidly progressing market scenario for automated valves in the next few years.
Discover more about report analysis with figures and data tables, along with the table of contents. Ask an Analyst- https://www.futuremarketinsights.com/ask-question/rep-gb-4162
By type, the gate type of industrial valves segment is expected to hold prominent value shares of the global industrial valves market. Furthermore, the globe valve segment is expected to be the prominent segment throughout the forecast period. Gate valves, closely trailed by globe and ball valves, are identified to remain the sought-after industrial valve types throughout the forecast period. A number of manufacturers are however focusing on investments in globe industrial valves. FMI’s research also highlights visibly growing market attractiveness of butterfly valves across industries.
The analysis of industrial valves market on the basis of materials reveals that cast steel, carbon steel, and stainless steel remain the preferred materials among manufacturers of industrial valves, which collectively account for ~85% shares in the revenues. Bronze is likely to emerge lucrative as a material of choice, over the years to come, as indicated by report findings.
Market in APEJ Projected for Remunerative Growth
The market in Asia Pacific excluding Japan (APEJ) is expected to exhibit lucrative growth potential in the global industrial valves market over the forecast period of 2019-2029. According to the report, this growth is propelled by the rapid growth in the oil & gas industry in countries of APEJ such as India and China, and ASEAN Countries, among others. The economic condition of these countries have been positively developing.
Furthermore, owing to the effects of macroeconomic factors such as growing population, urbanization, and rapid industrialization, the confidence of investors and investments in housing and other residential projects across APEJ has increased drastically. Consequently, the region’s chemical has considerable momentum over the past few years. This overall scenario is translating into modest growth in the demand for valves across the multiple industries, eventually pushing the market growth potential of APEJ.
Contact Sales for Further Assistance in Purchasing this Report- https://www.futuremarketinsights.com/checkout/4162
Industrial Valves Market: Competitive Landscape
The industrial valves market is highly competitive in nature. Leading market players are constantly upgrading their product portfolios. They have adopted various organic and inorganic strategies such as mergers, partnerships, new product launches and collaborations and acquisitions to dominate the market. For instance,
Key Companies Profiled
Explore FMI’s Extensive ongoing Coverage on Industrial Automation Domain
Industrial Battery Chargers Market: The global industrial battery chargers market is projected to witness growth at a CAGR of 8.5%, to create an absolute $ opportunity of more than US$ 2.25 Bn in 2022. The sales in industrial battery chargers are expected to exceed US$ 3.67 Bn by the end of 2028.
Dust Extractors Market: Sales in the global dust extractors market are slated to top US$ 2.2 Bn in 2022. Expanding at a healthy 8.5% CAGR, the market size is projected to total US$ 3.6 Bn by 2028.
Wear Plate Market: The global wear plate market is expected to register year-on-year growth of 5.1% in 2021, reaching US$ 6.9 Bn by the end of 2021. Wear plates are used in a variety of end-use sectors to assure the long-term safety of the equipment.
Contact Us:
Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
A new market research report by Future Market Insights (FMI) suggests that the increasing exploration activities for new water sources will predominantly favor the growth of market over the course of coming years. The global industrial valves market is estimated to be worth around US$ 71.8 Bn in 2022. With rising adoption of industrial valves for regulating the flow of materials, the overall demand is anticipated to rise at a moderate CAGR of 4.3% between 2022 and 2029, totaling a valuation of US$ 96.2 Bn by 2029.
Steel will continue to remain the most preferred material for the production of industrial valves. Majority of end-use industries are inclined towards employing steel industrial valves due to their various advantages including durability and corrosion resistance
Rising demand for industrial valves from various industries such as oil & gas, power plants, chemical and water & wastewater treatment is driving the global industrial valves market.
Request a sample to obtain authentic analysis and comprehensive market insights at- https://www.futuremarketinsights.com/reports/sample/rep-gb-4162
Industrial valves are the mechanical devices that open, close or partially obstruct passageways to regulate the flow of liquid, gas and slurries within a system. They are being extensively utilized across multiple industries for regulating the material flow. They are designed to handle high pressure and temperatures while providing superior efficiency.
Rapid industrialization across the world has resulted in the increase in industrial valves demand during the last few years. These industrial valves provide an easy and affordable means of controlling flow of materials across major industries.
Regionally, Asia Pacific Excluding Japan (APEJ) will continue to dominate the global industrial valves market, accounting for a share of 42.2% in 2022. Rapid industrialization, surging oil & gas activities, and expansion of residential and commercial sectors are some of the factors driving the industrial valves market in APEJ.
The steady expansion of chemical industry and revival of oil & gas industry are also likely to play a crucial role in pushing sales of industrial valves at a global level. Furthermore, FMI’s report indicates that abundant opportunities exist in chemical, and water & wastewater industries.
With the onset of Industry 4.0 and the reciprocating shift of industries towards automation, the industrial valves landscape is compelled to move beyond its traditional, old-school valve engineering models. Although manually operated valves still account for almost 2/3rd of total sales, FMI foresees a rapidly progressing market scenario for automated valves in the next few years.
Discover more about report analysis with figures and data tables, along with the table of contents. Ask an Analyst- https://www.futuremarketinsights.com/ask-question/rep-gb-4162
By type, the gate type of industrial valves segment is expected to hold prominent value shares of the global industrial valves market. Furthermore, the globe valve segment is expected to be the prominent segment throughout the forecast period. Gate valves, closely trailed by globe and ball valves, are identified to remain the sought-after industrial valve types throughout the forecast period. A number of manufacturers are however focusing on investments in globe industrial valves. FMI’s research also highlights visibly growing market attractiveness of butterfly valves across industries.
The analysis of industrial valves market on the basis of materials reveals that cast steel, carbon steel, and stainless steel remain the preferred materials among manufacturers of industrial valves, which collectively account for ~85% shares in the revenues. Bronze is likely to emerge lucrative as a material of choice, over the years to come, as indicated by report findings.
Market in APEJ Projected for Remunerative Growth
The market in Asia Pacific excluding Japan (APEJ) is expected to exhibit lucrative growth potential in the global industrial valves market over the forecast period of 2019-2029. According to the report, this growth is propelled by the rapid growth in the oil & gas industry in countries of APEJ such as India and China, and ASEAN Countries, among others. The economic condition of these countries have been positively developing.
Furthermore, owing to the effects of macroeconomic factors such as growing population, urbanization, and rapid industrialization, the confidence of investors and investments in housing and other residential projects across APEJ has increased drastically. Consequently, the region’s chemical has considerable momentum over the past few years. This overall scenario is translating into modest growth in the demand for valves across the multiple industries, eventually pushing the market growth potential of APEJ.
Contact Sales for Further Assistance in Purchasing this Report- https://www.futuremarketinsights.com/checkout/4162
Industrial Valves Market: Competitive Landscape
The industrial valves market is highly competitive in nature. Leading market players are constantly upgrading their product portfolios. They have adopted various organic and inorganic strategies such as mergers, partnerships, new product launches and collaborations and acquisitions to dominate the market. For instance,
Key Companies Profiled
Explore FMI’s Extensive ongoing Coverage on Industrial Automation Domain
Industrial Battery Chargers Market: The global industrial battery chargers market is projected to witness growth at a CAGR of 8.5%, to create an absolute $ opportunity of more than US$ 2.25 Bn in 2022. The sales in industrial battery chargers are expected to exceed US$ 3.67 Bn by the end of 2028.
Dust Extractors Market: Sales in the global dust extractors market are slated to top US$ 2.2 Bn in 2022. Expanding at a healthy 8.5% CAGR, the market size is projected to total US$ 3.6 Bn by 2028.
Wear Plate Market: The global wear plate market is expected to register year-on-year growth of 5.1% in 2021, reaching US$ 6.9 Bn by the end of 2021. Wear plates are used in a variety of end-use sectors to assure the long-term safety of the equipment.
Contact Us:
Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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