The industrial valves industry will relinquish an approximated estimate at a frequency of 5.7% for the projection space of 2020 to 2027 with factors such as increasing demand for industrial valves in oil and gas industry and high demand for predictive maintenance technique from manufacturing sector in the market.
Industrial valves market has shown an exceptional penetration in countries such as China, the U.S. and Germany due to increasing demand for plastic valves in the countries. In developing countries, the rising buying capacity for industrial valves is creating opportunity for the industrial valves market.
Industrial Valves Market Scenario
According to Data Bridge Market Research, the market for industrial valves in Asia-Pacific region has the highest market share followed by North America and Europe. Market leader is Emerson Electric Co. which accounts an estimated market share of approximately 11.9% in the global industrial valves market. The company has gained outstanding sales through their industrial valves products.
- In February 2020, Emerson Electric Co. which is engaged in providing automated and commercial & residential solutions to various industries launched ASCO Series 158 Gas Valve and Series 159 Motorized Burner Boiler Actuator. The valve has a flow rate that is double of many others for the market ignition valves. This product launch helps the company to cater more number of customers.
Trends Impacting the Market
Now the question is which are the other regions Emerson Electric Co., Flowserve Corporation, and Schlumberger Limited are targeting? Data Bridge Market Research has forecast a large growth in Asia-Pacific industrial valves market and the market leaders targeting China, Japan and South Korea to be their next revenue pockets for 2020.
The industrial valves market is becoming more competitive every year with companies such Emerson Electric Co., Flowserve Corporation, and Schlumberger Limited as they are the market leaders for industrial valves. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the industrial valves market.
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Industrial Valves Market Development
- In September 2019, KITZ Corporation which is engaged in providing products and services for industrial facilities, oil refineries, petrochemical complexes, gas industry, environmental, water treatment and others acquired the shares of Unimech Group Berhad. Unimech Group Berhad is a Malaysian based valve manufacturing company. This acquisition helped the company to increase their revenue.
Scope of the Industrial Valves Market
Global industrial valves market is segmented on the basis of countries into the U.S., Canada, Mexico, Germany, U.K., Russia, France, Italy, Spain, Netherlands, Switzerland, Turkey, Belgium and Rest of Europe, China, India, South Korea, Japan, Singapore, Australia, Thailand, Malaysia, Indonesia, Philippines and Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Israel, Egypt and Rest of Middle East and Africa, Brazil, Argentina and rest of South America.
- All country based analysis of industrial valves market is further analyzed based on further segmentation. On the basis of type, the industrial valves market is segmented into gate valve, globe valve, ball valve, butterfly valve, diaphragm valve, check valve, plug valve, pinch valve, needle valve, pressure relief valve and others. On the basis of function, the industrial valves market is segmented into isolation, regulation, safety relief valve, special purpose, and non-return. On the basis of material, the industrial valves market is segmented into ductile iron, carbon steel, plastic, brass, bronze, copper, aluminum and others. On the basis of accessories, the industrial valves market is segmented into hydraulic filter, power cable, mounting screw & bolts, seal kits, dust protection cover and others. On the basis of size, the industrial valves market is segmented into 1 inch to 6 inch, 6 inch to 12 inch, 12 inch to 24 inch, 24 inch to 48 inch and above 48 inch. On the basis of application, the industrial valves market is segmented into oil & gas, water & waste treatment, chemical, energy & utilities, food & beverages, pharmaceutical, agriculture, marine, automotive, metals & mining, paper & pulp and others.
To know more about the study https://www.databridgemarketresearch.com/reports/global-industrial-valves-market
Key Pointers Covered in Industrial Valves Market Industry Trends and Forecast to 2027
- Market Size
- Market Standards and Changes
- Market Trials in Different Regions
- Market Requirements in Different Regions
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Recent Market Value for Different regions
- Sales Data for Market Competitors
- Market Key Vendors and Disruptors Study
Key Market Competitors Covered in the Report
- Emerson Electric Co
- The Weir Group PLC
- Flowserve Corporation
- Schlumberger Limited
- Spirax-Sarco Engineering plc
- IMI PLC
- Crane Co
- KITZ Corporation
- Metso Corporation
- Neway valve
- Velan Inc
- SAMSON AKTIENGESELLSCHAFT
- Forbes Marshall
- Swagelok Company
- Dwyer Instruments, Inc
- Avcon Controls Pvt Ltd
- Curtiss-Wright Corporation
- Apollo Valves
- Kim Diaphragm Valves
- MRC Global Inc
- ALFA LAVAL
Above are the key players covered in the report, to know about more and exhaustive list of industrial valves companies’, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-industrial-valves-market
Research Methodology: Global Industrial Valves Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Industrial Valve Engineers, Data Center Developer, and Industrial Professionals among others
- Supply Side: Service Providers, Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Related Reports
- Global Ball Valves Market – Industry Trends and Forecast to 2026
- Global Control Valves Market – Industry Trends and Forecast to 2026
- Global Diaphragm Valves Market – Industry Trends and Forecast to 2026
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