Global $125+ Billion Industrial Valve Markets to 2028: Growing Use of Valve in Oil and Gas Industries & Increasing Use of Ball Valves and Butterfly Valves - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Industrial Valve Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Material Type; Valve Type; Industry" report has been added to ResearchAndMarkets.com's offering.

The industrial valve market is expected to reach US$ 125.59 billion by 2028 from US$ 78.18 billion in 2021; it is estimated to grow at a CAGR of 7.0% from 2021 to 2028.

APAC constitutes a large population and high per capita income, along with vast industrialization and increasing urbanization. Further, highly industrialized countries such as China, India, Japan, and South Korea are increasingly emphasizing the development of wastewater treatment facilities to tackle the issue of environment conservation. The region is also the largest consumer of crude oil and gas, which is another factor boosting the adoption of industrial valves.

The industrial valve market is segmented on the basis of material type, valve type, and industry. Based on material type, the market is segmented into cast iron, steel, cryogenic, alloy-based and others. Based on valve type, the industrial valve market is segmented into ball valve, butterfly valve, diaphragm valve, safety valve, and piston ram valve. On the basis of industry, the industrial valve market is segmented into oil & gas, water treatment, power & energy, chemical & petrochemical, food & beverage, healthcare & pharmaceutical, and others.

Valen Inc., Crane Co., Circor International, Emerson Electric Co., Flowserve Corporation, Kitz Corporation, Neway Valve (Suzhou) Co. Ltd., Spiral Sarco, Schlumberger Limited, and IMI PLC are among the key players operating in the global industrial valve market.

Reasons to Buy

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global industrial valve market
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the global Industrial valve market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the industrial valve market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Key Market Dynamics

Market Drivers

• Growing Use of Valve in Oil and Gas Industry
• Increasing use of Ball Valves and Butterfly Valves

Key Market Restraints

• Long Service Life and Risk of Corrosion

Key Market Opportunities

• Expanding Application Range in Healthcare Sector

Future Trends

• Growing Popularity of IoT

Companies Mentioned

• Valen Inc.
• Crane Co.
• Circor International
• Emerson Electric Co.
• Flowserve Corporation
• Kitz Corporation
• Neway Valve (Suzhou) Co. Ltd.
• Spiral Sarco
• Schlumberger Limited
• IMI PLC

For more information about this report visit https://www.researchandmarkets.com/r/l64ro6.

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900