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Industrial Valve Market Forecast 2023

Industrial Valve Market Report-Forecast 2023

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Copyright Š 2017 Market Research Future.


Industrial Valve Market Forecast 2023

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Copyright © 2017 Market Research Future.


Industrial Valve Market Forecast 2023

Summary The global industrial valve market was analyzed by Market Research Future (MRFR) and a projected CAGR of 4.53% was reported to be attained over the forecast period of 2018 to 2023. Furthermore, the Industrial Valve Market was estimated to reach a valuation of USD 90.77 billion by the end of the forecast period, jumping from its 2017 valuation of USD 70.53 billion. The global industrial valve market is expected to grow during the forecast period at a decent pace primarily due to the ongoing industrialization in developing economies like India. Add to this, the continuous adoption of the latest technology valves in process manufacturing units across the developed nations of the world is further driving the growth of the global market.

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Copyright Š 2017 Market Research Future.


Industrial Valve Market Forecast 2023

Major Key Players: The global industrial valve market comprises a host of key players. This includes major players like Flowserve Corporation (US), Kitz Corporation (Japan), Emerson (US), Neway Valve Co., Ltd (China), Weir Group (UK), IMI PLC (US), AVK Holding A/S (Denmark), Schlumberger Limited (US), Crane Co. (US), and Conbraco Industries Inc. (US). The major players in the global industrial valve market are stretching their focus on applying various growth strategies to cement their positioning and expand their reach, like mergers, product launches, strategic collaborations and acquisitions. Some of the other prominent players include Avcon Controls (India), Forbes Marshall (India), Samson AG (Germany), PR Valves LLC (US), Velan Inc. (Canada), Danfoss A/S (Nordborg), Dwyer Instruments, Inc. (US), and others.

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Industrial Valve Market Forecast 2023

Segmentation:

The global industrial valve market has been segmented in terms of type, material, end-user, and size. By type, the market breaks down into check valves, ball valves, globe valves, butterfly valves, gate valves, pinch valves, and plug valves. By material, the market segments into brass, stainless steel, cryogenic, cast iron, alloy based, and others. By size, the market includes 25" to 50", less than 1�, 50" and above, and 1" to 25". By end-user, the market divides into chemicals, pulp & paper, energy & power, construction, oil & gas, water & wastewater treatment, food & beverages, others.

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Copyright Š 2017 Market Research Future.


Industrial Valve Market Forecast 2023

Regional Analysis: The global industrial valve market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW). Asia Pacific led the global industrial valve market with the highest share back in 2017 and is further projected to exhibit the highest CAGR over the ongoing forecast period. The growth of the regional market can be primarily attributed to factors like the fast-paced industrialization, current infrastructural developments, and the increasing investments being made in the end-user industries like oil & gas, energy & power, chemicals, water & wastewater treatment, and construction. Moreover, the demand for the market is expected to remain high in the Middle East & Africa region, under the Rest of the World regional segment, due to the rising rate of production of industrial valves.

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Copyright Š 2017 Market Research Future.

Profile for Rahul Sisodiya

Industrial Valve Market  

Industrial Valve Market Research Report: Information by Type (Ball, Butterfly, Check, Gate, Globe, Plug), Material (Stainless Steel, Cast Ir...

Industrial Valve Market  

Industrial Valve Market Research Report: Information by Type (Ball, Butterfly, Check, Gate, Globe, Plug), Material (Stainless Steel, Cast Ir...