$85 Billion Industrial Valves Market by Material Type, Size, Valve Type, Industry and Geography - Global Forecast to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 13, 2018--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:
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 ProfilesApollo 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 For more information about this report visit https://www.researchandmarkets.com/research/dq27bf/85_billion?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180913005744/en/
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INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING
SOURCE: Research and Markets
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PUB: 09/13/2018 11:50 AM/DISC: 09/13/2018 11:50 AM