Industrial Valves Market

Industrial Valves Market – Overview

Industrial valves regulate the movement and force of liquids and gases in a system. Valves control the flow of gases and liquid in piping systems and should be checked on a regular basis to avoid risks such as corrosion and leakage. In contrast, industrial valves can be operated automatically and manually. The increasing demand for these valves in multiple industries is projected to increase the sales growth of the global industrial valves market during the forecast period set between 2021 and 2031.

The global Industrial Valves market is categorized on the basis of valve type, valve material, end use, function, and region. In terms of gate, globe, ball, butterfly, plug, check, safety, and relief. Each of these segment is further sub-categorized. Based on valve material, the market is bronze, stainless steel, carbon steel, cast steel, and other alloys. With respect to segmentation by end use industry, the market is categorized into paper & pulp, power plants, water and wastewater treatment, chemical, oil and gas, and others. By function, the market is bifurcated into automatic, and manual.

The research report on the industrial valves market offers both qualitative and quantitative analysis of the market and factors propelling or repelling its growth. This includes drivers, restraints, challenges, and future growth opportunities. List of the players operating in this market and their efforts to obtain a significant position in the market competition in terms of innovations and new product launches is also discussed in details. It also focuses on the recent developments and innovations that helped the market grow in terms of revenue generation. The impact of the novel COVID19 pandemic is also discussed in the report. For more information on the report, refer to the company website.

Industrial Valves Market – Competitive Landscape

The nature of competition for this market is fragmented owing to the presence of a few players. Leading players of the industrial valves market are engaging in joint ventures and merger strategies to gain an upper hand in the overall market competition. Others are investing in introduction of innovative products to attract more revenues to the market. The key objective is to ensure a significant position in the market competition and earn high revenues for the overall market.

Some of the key players of the global Industrial Valves market include:

• CIRCOR International Inc.
• Alfa Laval AB
• Pentair Ltd.
• Bray International
• Trillium Flow Technologies
• Kitz Corporation
• Curtiss-Wright Corp.
• IMI Plc.
• Flowserve Corporation
• L&T Valves Ltd.
• Schlumberger
• Tyco International
• Cameron International Corporation
• Emerson Electric Co.
• Others

Industrial Valves Market - Growth Drivers

Increased demand in industries such as wastewater, oil and gas, and power, among others, is driving the growth of the industrial valves market. Developing countries such as India, Brazil, and China, among others, are heavily investing in pipeline infrastructure development, primarily in the oil and gas sector, ultimately propelling the installation of industrial valves. This increases the demand for valves used in valve actuators, such as electrically, hydraulically, and pneumatically, among others, in various industry verticals. Furthermore, the continuous generation of power through existing and old power plants is propelling the demand for industrial valves in the power sector.

Industrial Valves Market – Geographical Insights

Geographically, this market is widespread into the regions of Latin America, Europe, North America, and the Middle East and Africa. These regions are further categorized as per the nations bringing business. Asia Pacific emerged as the largest revenue generators for the Industrial Valves market on account of the increasing use in multiple industries such as energy and power, water and wastewater, food and beverages, and healthcare and pharmaceuticals.