Market Highlights
Industrial valve market is expected to grow from USD 70.53 billion in 2017 to USD 90.77 billion by 2023, at a CAGR of 4.53% during the forecast period. The ongoing industrialization in developing countries such as India and continued growing adoption of latest technology valves in process manufacturing units in developed countries are the key drivers for the industrial valve market.
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Key players
The key players profiled in the industrial valve market size research report are Emerson (US), Schlumberger Limited (US), IMI PLC (US), Flowserve Corporation (US), Weir Group (UK), Crane Co. (US), AVK Holding A/S (Denmark), Kitz Corporation (Japan), Neway Valve (Suzhou) Co., Ltd (China), and Conbraco Industries Inc. (US). The major players constantly focus on growth strategies such as partnerships, mergers, acquisitions, and product launches to enhance their product offerings and expand their market reach. The other prominent players in the in the industrial valve market are Samson AG (Germany), Velan Inc. (Canada), Forbes Marshall (India), Dwyer Instruments, Inc. (US), Avcon Controls (India), Dwyer Instruments (US), PR Valves LLC (US), and Danfoss A/S (Nordborg).
Regional Analysis
The global market for industrial valve market is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of the industrial valve market is done for North America, Europe, Asia-Pacific, and the rest of the world.
Asia-Pacific accounted for the highest market share in the industrial valve market in 2017, and it is expected to register the highest CAGR during the forecast period. The growth in the market in this region is attributable to factors including ongoing infrastructure development, the rapid pace of industrialization, and growing investments in end-use industries such as energy & power, oil & gas, water & wastewater treatment, chemicals, and construction. Furthermore, the demand from oil-producing region—Middle-East and Africa (MEA)—is expected to remain high owing to the rise in production.
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The ongoing industrialization in developing countries such as India and continued growing adoption of latest technology valves in process manufacturing units in developed countries are the key drivers for the industrial valve market.On the basis of end-use verticals, the market has been segmented into oil & gas, energy & power, chemicals, food and beverages, water and wastewater treatment, pulp and paper, construction, and others.
The growing investments for capacity expansion in the oil & gas sector in the Middle East and Africa, and the rise in demand for maintenance operations in refineries boost the demand for Industrial Valves Market in the oil & gas sector.
However, the energy & power industry is estimated to register the highest CAGR during the forecast period.The major players constantly focus on growth strategies such as strategic partnerships, mergers, acquisitions, and product launches to enhance their product offerings and expand their market reach.
For instance, in 2018, Trelleborg Sealing Solutions partnered with LB Bentley to develop a medium duty rotary gate valve.
This valve is based on stem sealing technology that reduces the risk of contamination and failure.Get Free Sample Report of Industrial Valve Market Research Report – Global Forecast till 2023 @ https://www.marketresearchfuture.com/sample_request/7536Key playersThe key players profiled in the industrial valve market research report are Emerson (US), Schlumberger Limited (US), IMI PLC (US), Flowserve Corporation (US), Weir Group (UK), Crane Co. (US), AVK Holding A/S (Denmark), Kitz Corporation (Japan), Neway Valve (Suzhou) Co., Ltd (China), and Conbraco Industries Inc. (US).
The other prominent players in the in the industrial valve market are Samson AG (Germany), Velan Inc. (Canada), Forbes Marshall (India), Dwyer Instruments, Inc. (US), Avcon Controls (India), Dwyer Instruments (US), PR Valves LLC (US), and Danfoss A/S (Nordborg).Segmental AnalysisThe global industrial valve market is segmented on the basis of type, material, and end-use verticals.The types of industrial valve market available in the market are ball valves, butterfly valves, check valves, gate valves, globe valves, pinch valve, and plug valves.
The function of the valve include stopping and starting flow, throttling flow and acting as a non-return check for flow.
The global Industrial Membrane Valve market focuses on encompassing major statistical evidence for the Industrial Membrane Valve industry as it offers our readers a value addition on guiding them in encountering the obstacles surrounding the market.
A comprehensive addition of several factors such as global distribution, manufacturers, market size, and market factors that affect the global contributions are reported in the study.
In addition the Industrial Membrane Valve study also shifts its attention with an in-depth competitive landscape, defined growth opportunities, market share coupled with product type and applications, key companies responsible for the production, and utilized strategies are also marked.
Latest Report Available at Advance Market Analytics, “Industrial Membrane Valve Market” provides pin-point analysis for changing competitive dynamics and a forward looking perspective on different factors driving or restraining industry growth.
The Global Industrial Membrane Valve Market segments and Market Data Break Down are illuminated below: by Type (Conventional Weir, Full Flow, Straightway), Application (Food and Beverage, Energy & Power, Oil and Gas, Water and Wastewater, Chemicals, Pharmaceuticals, Building & Construction, Other), Distribution Chanel (Online, Offline), Material (Stainless Steel Membrane Valve, Cast Iron Membrane Valve, Cast Steel Membrane Valve, Plastic Membrane Valve) The Industrial Membrane Valve market study further highlights the segmentation of the Industrial Membrane Valve industry on a global distribution.
