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Research Reports

Industrial Valves Market Worth $93,664.9 Million in 2028- Exclusive Research Report by AMR

The COVID-19 pandemic has hindered the demand for industrial valves in North America and Europe, however, China exhibited significant growth in demand during the outbreak of the COVID-19 pandemic. Industrial valves are electro-mechanical or mechanical devices used for the control of gases, liquid, slurries, and others through pipes and tubes in industries. Different kinds ofContinue reading “Industrial Valves Market Worth $93,664.9 Million in 2028- Exclusive Research Report by AMR”

Published : 3 years ago, on

The COVID-19 pandemic has hindered the demand for industrial valves in North America and Europe, however, China exhibited significant growth in demand during the outbreak of the COVID-19 pandemic.

Industrial valves are electro-mechanical or mechanical devices used for the control of gases, liquid, slurries, and others through pipes and tubes in industries. Different kinds of industrial valves perform various functions such as shut on/off, pressure control, and other regulatory purposes. There are various kinds of industrial valves, including ball valves, butterfly valves, check valves, gate valves, globe valves, pinch valves, and others, which are designed for regulation, control, and on & off purposes.

The global industrial valves market size is expected to reach $93,664.9 million in 2028 from $58,547.9 million in 2020, growing at a CAGR of 6.0% from 2021 to 2028.

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Moreover, industrial valves are manufactured using carbon steel, cast iron, stainless steel, and various other metal alloys for attaining high efficiency. Furthermore, the high automation and control in industrial valves improve their functioning in hazardous applications such as oil & gas, chemical processing, nuclear power generation plants, and others.

Covid-19 Impact Analysis

The COVID-19 pandemic has negatively affected the industrial valves market mainly due to the halt in international trade, prolonged lockdowns, and ceased manufacturing processes. In addition, the major end-user manufacturing companies located in countries such as the U.S., Germany, the UK, and others are also facing financial impacts due to halted production, which is likely to hinder the growth of the industrial valves market during 2020. 

Top 10 Key Market Players

  • AVK Holding A/S
  • Avcon Controls Private Limited
  • Schlumberger Limited
  • Crane Co.
  • Emerson Electric Co.
  • Flowserve Corporation
  • Forbes Marshall
  • IMI plc
  • Metso Corporation
  • The Weir Group plc

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Key Market Segments

By Material Type

  • Cast Iron
  • Steel
  • Alloy-Based
  • Others

By Valve Type

  • Ball Valves
  • Butterfly Valves
  • Gate Valves
  • Globe Valves
  • Plug Valves
  • Check Valves
  • Diaphragm Valves

By Application

  • Oil & Power
  • Water & Wastewater
  • Chemical
  • Food & Beverage
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

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Wanda Rich has been the Editor-in-Chief of Global Banking & Finance Review since 2011, playing a pivotal role in shaping the publication's content and direction. Under her leadership, the magazine has expanded its global reach and established itself as a trusted source of information and analysis across various financial sectors. She is known for conducting exclusive interviews with industry leaders and oversees the Global Banking & Finance Awards, which recognize innovation and leadership in finance. In addition to Global Banking & Finance Review, Wanda also serves as editor for numerous other platforms, including Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune.

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