Global Industrial Valves Market Report 2021

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Jul 12, 2021, 13:15 ET

DUBLIN, July 12, 2021 /PRNewswire/ -- The "Global Industrial Valves Market, By Valve Type (Globe Valve, Ball valve, Butterfly valve, RSV Gate Valve, Wedge Gate Valve, Check Valve, Diaphragm Valve & Others), By Material Type, By Application, By Product, By Region, Competition Forecast & Opportunities, 2015 - 2025" report has been added to ResearchAndMarkets.com's offering.

The Global Industrial Valves Market stood at around USD65 billion in 2019, and is forecast to surpass USD80 billion by 2025, on account of extensive use of industrial valves in oil & gas and power industries.

Other factors expected to boost the demand for industrial valves in the coming years include rising number of government initiatives towards wastewater treatment and providing clean water to the citizens, increasing number of commercial construction projects and replacement of aging water pipelines. Moreover, growing focus on the development of high-performance smart valves is anticipated to thrive the Global Industrial Valves Market through 2025.

On the basis of application, the industrial valves market is segmented into oil & gas, refinery, chemical, water, wastewater effluent, power generation, agriculture, mining and others. In 2019, oil & gas segment accounted for the largest market share as these sectors require valves for controlling flow rates, protect equipment, and guide and direct the refining process of crude oil. Apart from these, the growing production of oil and gas fuel has contributed to the increased usage of industrial valves.

In the type segment, the Global Industrial Valves Market was dominated by globe valves in 2019, owing to features such as low resistance to fluid flow and superior sealing capabilities.

In terms of region, the Global Industrial Valves Market is categorized into North America, Europe, Asia-Pacific, South America and Middle East & Africa. Among the regions, Asia-Pacific dominated the Global Industrial Valves Market with a market share of around 37% in 2019 and is anticipated to maintain its position during forecast period as well.

This growth can be attributed to the growing industrial activities across the countries in Asia-Pacific region, such as growing number of oil and gas, chemical, water and many other manufacturing plants.

Also, increasing construction activities and booming consumption of chemicals are anticipated to positively impact industrial valves market in the Asia-Pacific. Furthermore, growing construction of new nuclear power stations and capacity expansions in petroleum refining plants are also expected to drive the demand for industrial valves across the region.

Some of the major players operating in the Global Industrial Valves Market are

Emerson Electric Co.
Flowserve Corporation
Alfa Laval Corporate AB
Crane Co.
CIRCOR International Inc.
Curtiss-Wright Corporation
IMI plc
MRC Global INC
Metso Corporation
Neway Valve (Suzhou) Co. Ltd.
The Weir Group PLC
Velan Inc.
ITT Inc.
Invincible Valves (Pty) Ltd.
Cameron International
L&T Valves Limited
A.C. Valves CC
Ainsworth Engineering (Pty) Ltd.
AZ Amaturen Pty Ltd
Cobra Isca Pty Ltd
Dual Valves (Pty) Ltd.
eDart Slurry Valves Pty Ltd
MRC Global Inc.
Floval Pty Ltd
Ithuba Valves & Industrial Supplies
Paltechnologies Pty Ltd
AVK Holdings SA Pty Ltd
RGR Technologies Pty Ltd
Valco Group SA Pty Ltd.

Years considered for this report:

Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021-2025

Report Scope:

Market, by Valve Type:

Globe Valve
Ball Valve
Butterfly Valve
RSV Gate Valve
Wedge Gate Valve
Knife Gate Valve
Check Valve
Automatic Control Valve
Pinch Valve
Diaphragm Valve
Float Valve
Air Valve
Others

Market, by Material Type:

Steel
Alloy Based
Cast Iron
Cryogenic
Others

Market, by Application:

Oil & Gas
Power Generation
Refinery
Water
Wastewater Effluent
Chemicals
Agriculture
Mining
Others

Market, by Product:

Multi-Turn Valve
Quarter-Turn Valve
Others

Market, by Region:

North America
United States
Canada
Mexico
Europe
Russia
Germany
Italy
UK
France
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
Middle East & Africa
Saudi Arabia
UAE
Iran
Nigeria
Egypt
Kuwait
Angola
South Africa
Morocco
Rest of Middle East & Africa
South America
Brazil
Argentina
Venezuela
Rest of South America

Competitive Landscape

Competition Benchmarking: Benchmarking of leading 10 players on the basis of market share.
Company Profiles: Detailed analysis of the major companies present in the industrial valves market.

For more information about this report visit https://www.researchandmarkets.com/r/ewzusa

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

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SOURCE Research and Markets