Industrial Valves Market is forecasted to grow at 3.78% for 2019 to 2026 to an estimated value of USD 94.52 billion by 2026 with factors such as dearth of standardized certifications & government policies and volatility in the cost of the raw material hampering the market growth.
Industrial valves market has shown a significant adoption rate and preferences from the Asia- Pacific region with countries such as India and China. Increasing construction activities and increasing consumption of chemicals is expected to further the adoption and demand rate for industrial valves.
According to Data Bridge Market Research the industrial valves market in developing regions is witnessing a growth in terms of its adoption rate, due to increasing trend of electricity generation from renewable resources and rising development of smart cities. There is also growing demand for predictive maintenance techniques from manufacturing industries which is also expected to enhance market. Strict rules and norms by the government associated with environment so they can make energy sector more resilient is also expected to accelerate the demand for industrial valves in the forecast period of 2019- 2026
Now the question is which are the regions that industrial valves market players should target? Data Bridge Market Research has forecasted market leaders to target Asia-Pacific’s developing regions and North America to help them in attaining better volume of revenue generation.
Industrial valves market is becoming more competitive every year with oil & gas sector currently being the largest market application for the forecasted period of 2019 to 2026. Data Bridge Market Research’s new report highlights the major growth factors and opportunities in the industrial valves market.
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Hunt Valve Company announced that they acquired Montreal Bronze Limited in March 2019. This acquisition will help the company to enhance their product offerings and also help them to get enhance their reach to the U.S. Navy and international shipyards and industrial customers. With this the company will also be able to strengthen their market position.
KCM Capital Partners LLC announced the acquisition of Industrial Valve Sales & Services, LLC in September 2019. This acquisition will help the company to strengthen their market position and enhance their product & service offering which will also accelerate their customer reach. This will also enhance their product portfolio and help them to offer high quality products in the market.
The Global Industrial Valves Market is segmented on the basis of countries into U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa,
All country based analysis of the industrial valves market is further analysed based on maximum granularity into further segmentation. On basis of material, the industrial valves market is segmented into stainless steel, cast iron, cryogenic, alloy based, and other. The valve type the industrial valves market is segmented into ball valves, butterfly valves, check valves, diaphragm valves, globe valves, plug valves, safety valves, and gate valves. The product segment of the market is divided into quarter- turn valve, multi- turn valve and others. On the basis of size, the industrial valve market is segment into upto 1”, 1-6”, 6-25”, 25-50” and more than 50. The industrial valve market on the basis of end- users is segment into water & wastewater treatment, oil & gas, chemicals & petrochemicals, energy & power, agriculture, pulp & paper, food & beverage processing, metals & mining, pharmaceuticals, construction and other.
Industrial valves are electronic devices for flow control in systems that are connected to different machines and equipment. These industrial valves are made of material such as stainless steel, alloy based, cast iron, cryogenic and other. There are different industrial valves available in the market as per the need and requirement of the customer. These industrial valves are widely used in industries such as agriculture, pulp & paper, food & beverage processing, pharmaceutical, construction, and other industries.
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Key Pointers Covered in the Industrial Valves Market Industry Trends and Forecast to 2026
Key Market Competitors Covered in the report
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/reports/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.
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Global Industrial Valves Market – Industry Trends and Forecast to 2026