Global Industrial Valves Market is Expected to Grow at 5.7% in the Forecast Period of 2020 to 2027

Global Industrial Valves Market is expected to grow with the CAGR of 5.7% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Global industrial valves market is a highly consolidated market which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global industrial valves market are introducing strong range of products provider along with launching new products and adopting strategic initiative such as acquisition, agreement into the market. This helped companies to maximize the sales with enhanced product portfolio. For instance, in April 2019, The Weir Group PLC which is engaged in providing products and service solutions such as stimulation pumps, flow control products, replacement expendable parts and supporting engineered repair services launched SPM Safe Edge Automated Relief Valve Control (ARC) System. The valve control system allows operators to remotely control SPM’s proven line of back pressure relief valves while monitoring treating-line pressure and helping prevent over-pressuring of treating iron. This product launch helped the company to strengthen its product portfolio.

Emerson Electric Co. is the dominating player in global industrial valves market. The other key players existing in the market includes 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, and ALFA LAVAL among others.

Global Industrial Valves MarkeEmerson Electric Co.:

Emerson Electric Co. headquartered in Missouri, U.S. was founded in year 1890. The company engaged in engaged in providing automated and commercial & residential solutions to various industries. The company has various business segments such as automation solutions, climate technologies, and tools & home products out of which automation solutions is the market focused segment. The company offers wide range of product categories such as automation solutions, climate technologies, and tools & home products out of which automation solutions is the market focused product category.

For instance,

  • In April 2020, Emerson Electric Co. company introduced new service with enhanced support for the customers. The new augmented reality (AR) technology based Remote Assistance service capability is launched to resolve industrial valve issues. Through this company strengthened their product portfolio for the industrial valves market.

The company has presence across Europe, North America, Asia, South America and Middle East & Africa. The company generates its revenue from various subsidiaries such as Rosemount Inc (U.S.), RIDGID (U.S.), InSinkErator (U.S.), Greenlee (U.S.), Roxar AS (Norway), Artesyn Technologies (U.S.) and others.

Flowserve Corporation:

Flowserve Corporation headquartered in Texas, U.S. was founded in 1970. The company is engaged in manufacturing and aftermarket service provider of comprehensive flow control systems. The company has various business segments such as FPD, FCD out of which FCD is the market focused segment. The company offers wide range of product categories such as pumps, seals, valves, actuation & instrumentation, energy recovery devices, hydraulic decoking systems, and performance monitoring out of which valves is the market focused product category.

For instance,

  • Flowserve Corporation which is engaged in manufacturing and aftermarket service provider of comprehensive flow control systems launched ValdiskButterfly Control Valve. The new control valve offers long-lasting, bubble-tightened shutdown in the variety of applications in oil and gas and chemical industries. This product launch helped the company to strengthen its product portfolio.

The company has wide global presence across the globe such as Europe, North America, Asia, South America and Middle East & Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such Flowserve Hamburg Gmbh (Germany), Thompsons Kelly and Lewis Pty. Ltd (Australia), Niigata Worthington Co., Ltd. (Japan), Flowserve (Austria) GmbH (Austria), Flowserve Czech Republic s.r.o. (Czech Republic) and others.

Schlumberger Limited:

Schlumberger Limited headquartered in Texas, U.S. was founded in 1926. The company is engaged in manufacturing pressure control, rig equipment, valves, and measurement products. The company has various business segments such as reservoir characterization, drilling, production, and cameron out of which cameron is the market focused segment. The company offers wide range of product categories such as pressure control, rig equipment, valves, and measurement out of which valves is the market focused product category.

For instance,

  • In February 2020, Schlumberger Limited which is engaged in manufacturing pressure control, rig equipment, valves, and measurement products opened King Salman Energy Park producing center. The new production unit will manufacture various technologies including liner hangers and packers as well as valve technologies, such as Orbit rising stem ball valves, and Grove valves to increase the efficiency of oil and gas operations. This business expansion helps the company to generate more revenue.

The company has wide global presence in Europe, North America, Asia-Pacific, South America and Middle East & Africa. The company generates revenue from various subsidiaries such as Cameron International (U.S.), OneSubsea (U.S.), WesternGeco (U.K.), schlumberger b.v. (Netherlands), Don-Nan Pump & Supply (U.S.) and others.