Industrial Valves Market to Reach $107.35 Bn, Globally, by 2027 at 3.5% CAGR: Allied Market Research

News provided by

Oct 15, 2020, 09:15 ET

PORTLAND, Ore., Oct. 15, 2020 /PRNewswire/ -- Allied Market Research published a report, titled, "Industrial Valves Market by Material Type (Cast Iron, Steel, Alloy-Based, and Others), Valve Type (Ball Valves, Butterfly Valves, Gate Valves, Globe Valves, Plug Valves, Check Valves, and Diaphragm Valves), and Application (Oil & Power, Water & Wastewater, Chemical, Food & Beverages, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027."According to the report, the global industrial valves industry was pegged at $86.20 billion in 2019, and is expected to hit $107.35 billion by 2027, registering a CAGR of 3.5% from 2020 to 2027.

Drivers, restraints, and opportunities-

Increase in demand for automation in control industrial valves, surge in investments for oil & gas industry in North America, and expansion of the food & beverage processing industry in developing countries fuel the growth of the global industrial valves market. On the other hand, increased tariff on the trade of raw materials curbs the growth to some extent. However, rise in demand for high technology valves is expected to create lucrative opportunities in the industry.

Download Sample PDF (305 Pages with More Insight): https://www.alliedmarketresearch.com/request-sample/2545

COVID-19 scenario-

The outbreak of the pandemic has impacted the process industry in more than one way. And, industrial valves that are mainly manufactured using cast iron, stainless steel, carbon steel, and other highly operative metal blends to attain efficient flow control in industries have also experienced a sharp decline in their production.
However, in the wake of lockdown across various regions, vendors of industrial valves are focusing to boost their customer reach using e-commerce channels.

The steel segment to retain its dominance by 2027-

Based on material type, the steel segment contributed to more than one-fourth of the global industrial valves market revenue in 2019, and is expected to rule the roost by the end of 2027. The same segment would also grow at the fastest CAGR of 4.2% during the study period. Development of industrial infrastructure and the high durability features of steel valves drives the growth of the segment.

The ball valves segment to rule the roost-

Based on valve type, the ball valves segment accounted for nearly one-fifth of the global industrial valves market share

in 2019, and is projected to lead the trail from 2020 to 2027. Advantages such as highly efficient flow control, ease of control, compact size, versatile design, reliability in high pressure and temperature applications, and others promote the demand for ball valves, thereby, driving the segment growth. The butterfly valves segment, on the other hand, would showcase the fastest CAGR of 5.1% till 2027. The increase in use of shale gas as an energy source leads to rise in the demand for butterfly valves, which drives the segment growth.

Get detailed COVID-19 impact analysis on the Industrial Valves Market: https://www.alliedmarketresearch.com/request-for-customization/2545?reqfor=covid

North America to dominate in terms of revenue-

Based on geography, North America held the major share in 2019, garnering more than one-third of the global industrial valves market. The growing oil & power industry in Canada, and the U.S. aid in increasing the focus of major industrial valve manufacturers on oil & power related valves production which drives the industrial valves market. Simultaneously, the region across Asia-Pacific would register the fastest CAGR of 4.9% throughout the forecast period. This is due to the fact that the developing countries in the province such as India, Vietnam, Indonesia, and others exhibit lucrative opportunities for the market.

Frontrunners in the industry-

Avcon Controls Private Limited
The Weir Group plc.
Flowserve Corporation
Forbes Marshall
Schlumberger Limited
Crane Co.
AVK Holding A/S
Emerson Electric Co.
IMI plc.
Metso Corporation

Interested in Procure Data? Visit Here: https://www.alliedmarketresearch.com/purchase-enquiry/2545

Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/library-access

Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

Avenue Library Subscription | Request for 14 days free trial of before buying:

https://www.alliedmarketresearch.com/avenue/trial/starter

Similar Reports We Have:

Butterfly Valves Market: The global butterfly valves market size is expected to reach $13,667.0 million by 2025 from $8,282.61 million in 2017, growing at a CAGR of 6.3% from 2018 to 2025.

Oilfield Equipment Market: The global oilfield equipment market size was valued at $111,400 million in 2018, and is projected to reach $141,498 million by 2026, growing at a CAGR of 3.1% from 2019 to 2026.

Control Valve Market: The Control Valve Market is expected to garner $13,674 Million by 2022, registering a CAGR of 7.6% during the forecast period 2016–2022.

Plumbing Components Market: The global plumbing components market size is expected to reach $78,218.9million in 2027, from $58,516.6 million in 2019, growing at a CAGR of 5.6% from 2020 to 2027.

Pressure Reducing Valve Market: The global pressure reducing valve market size was valued at $2,501.7 million in 2018, and is projected to reach $3,617.7 million by 2026, registering a CAGR of 4.5% from 2019 to 2026.

Pre-Book Now with 12% Discount:

Pilot Operated Pressure Relief Valves Market - Global Opportunity Analysis and Industry Forecast, 2020-2027

Explosion Proof Solenoid Valves Market - Global Opportunity Analysis and Industry Forecast, 2020–2027

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Contact us:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
[email protected]
Web: https://www.alliedmarketresearch.com
Follow us on: LinkedIn Twitter