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Industrial Valves Market Trends and Forecast 2016 - 2023

Valves are regulatory devices that control the flow of fluids in several domestic and industrial applications. They are also used to control the volume, pressure, rate and direction of the flow of fluis.They are used for different industrial purpose
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Industrial Valves Market - Global Industry
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Forecast 2016 - 2023
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Valves are regulatory devices that control the flow of fluids in several domestic and industrial applications. They are
also used to control the volume, pressure, rate and direction of the flow of fluis.They are used for different industrial
purposes and are categorized under the industrial valves segment. Valves gained popularity during the industrial
revolution and are still widely used across the globe. Most valves comprise two major parts: body and bonnet. The
body contains all internal parts, whereas the bonnet acts as a covering for the valve body to aid its function.
Industrial valves are broadly categorized into two types: standard valve and automatic valve. Standard valves are
manually operated and cheaper than automatic valves. Moreover, standard valves are leak-proof and lowmaintenance devices. However, automatic valves, as the names suggests, are automatically operated and are more
efficient. Hence, its market potential is expected to increase substantially during the forecast period.
In-depth research report on Industrial Valves Market with Full TOC at :
Industrial valves are widely used in several key end-user industries such as oil & gas, steel, power, pharmaceuticals,
petrochemicals, and infrastructure. Besides this, they are used in HVAC (heating, ventilation, and air conditioning),
Original Equipment Manufacturers OEM, and automobile manufacturing processes. Oil & gas is one of the largest
end-user industries involved in the production of industrial valves. Industrial valves are used in extraction
machineries, pipelines, and drilling wells. Additionally, they are used in upstream and downstream processes in oil &
gas as well as pharmaceutical industries. Different types of valves possess different applications. For instance,
butterfly valves are used in large pipelines for regulating the fluid flow inside the pipelines. Other types of valves are
ball valves, check valves, choke valves, diaphragm valves, and piston valves. These valves are commonly used in
industrial applications.
Global demand for industrial valves is expected to rise significantly due to the growth of its end-user industries. Asia
Pacific is the fastest growing market for industrial valves. Increased degree of industrialization and heavy
expenditure on infrastructure in Asia Pacific, especially in China and India, is driving the demand for industrial
valves. Higher operational efficiency and low manufacturing cost have further boosted the production of industrial
valves in developing economies of Asia Pacific. China and India plan to break through the untapped economies of
Africa and Eastern Europe. This is expected to propel the export sales of valves manufactured in India and China
during the forecast period. The Middle East and Northern Africa are likely to become the second fastest growing
market after Asia Pacific. Extensive drilling of crude oil in the Middle East, the largest exporter of crude oil, and
increasing demand for energy in Africa are estimated to fuel the demand for industrial valves. The market for
industrial valves in Latin America is anticipated to expand substantially owing to the strong development in the oil
and gas sector in Brazil and Mexico. Recovery in the domestic economy in North America, Western Europe, and
Japan after the economic recession is also likely to increase the demand for industrial valves in these mature
Rising demand for industrial valves and high profitability has attracted several manufacturers. Some of the key
players in the industry include Pentair plc, Emerson Electric Co., KITZ Corporation, AVK Holding A/S, Emerson
Electric, General Electric, Cameron International, and Curtiss-Wright Corporation.
This research report analyzes this market on the basis of its market segments, major geographies, and
current market trends. Geographies analyzed under this research report include
North America
Asia Pacific
Middle East and Africa
Latin America
This report provides comprehensive analysis of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides
market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five
force model analysis and detailed profiles of top industry players. The report also includes a review of micro and
macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making indepth analysis of market segments
It provides distinctive graphics and exemplified SWOT analysis of major market segment
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