$85 Billion Industrial Valves Market by Material Type, Size, Valve Type, Industry and Geography - Global Forecast to 2023 - ResearchAndMarkets.com
The "Industrial
Valves Market by Material Type (Cast Iron, Steel, Cryogenic, Alloy
Based), Size, Valve Type (Ball, Butterfly, Gate, Globe, Check, Plug),
Industry (Oil & Gas, Water & Wastewater, Energy & Power), and Geography
- Global Forecast to 2023" report has been added to ResearchAndMarkets.com's
offering.
The industrial valve market is expected to grow from USD 70.53 billion
in 2018 to USD 85.19 billion by 2023, at a CAGR of 3.96% from 2018 and
2023.
Key factors driving the growth of the industrial valve market include
the increased need for industrial valves from oil and gas
production-related facilities in GCC countries, elevated energy demand
in APAC, smart city development initiative across the world, high demand
for predictive maintenance techniques from manufacturing industries, and
stringent environmental and safety regulations to make the energy sector
more resilient.
Strategies such as product launches and developments, mergers and
acquisitions, expansions, agreements, collaborations, joint ventures,
and partnerships adopted by market players are fueling the growth of the
industrial valve market. However, the lack of standardization and
certifications and government policies, a slowdown in oil and gas
extraction, and downtime due to repair and maintenance are restraining
the growth of the industrial valve market.
The market for industrial valves having sizes ranging from 1 to 6 is
expected to grow at the highest CAGR during the forecast period. This
growth is attributed to the increasing demand for transportation and
power-based applications; as a result, there is an increase in the use
of 1- 6 valves in the oil & gas, energy & power, water & wastewater
treatment, chemicals, and other industries.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Industrial Valve Market, By Material
8 Industrial Valve Market, By Valve Type
9 Industrial Valve Market, By Size
10 Industrial Valve Market, By Industry
11 Geographic Analysis
12 Competitive Landscape
13 Company Profiles
-
Apollo Valves
-
Avcon Controls
-
AVK Holding A/S
-
Cameron - Schlumberger
-
Crane Co.
-
Dwyer Instruments
-
Emerson
-
Flowserve
-
Forbes Marshall
-
Ham-Let
-
IMI PLC
-
KIM Valves
-
Kitz Corporation
-
Metso Corporation
-
Neway Valve (Suzhou) Co., Ltd.
-
Samson AG
-
Spirax Sarco
-
Swagelok
-
Velan Inc.
-
Weir Group PLC
View source version on businesswire.com: https://www.businesswire.com/news/home/20180913005744/en/
Copyright Business Wire 2018
Source: Business Wire
(September 13, 2018 - 11:50 AM EDT)
News by QuoteMedia
www.quotemedia.com