Valve Market to Witness Lucrative Growth During the Forecast Period 2019-2022
The Global Valve Market is subject to witness a substantial growth due to the shifting trend towards automation & digitalization of various industrial processes. In addition, rapid expansion of existing facilities and petroleum refining plants are estimated to drive the growth of market over the forecast period. Development of advanced flow control tools is projected to have positive impact on market growth in the near future. Globally, the valve market is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest in research and development of the industrial valves.
The Global Valve Market is subject to witness a substantial growth due to the shifting trend towards automation & digitalization of various industrial processes. In addition, rapid expansion of existing facilities and petroleum refining plants are estimated to drive the growth of market over the forecast period. Development of advanced flow control tools is projected to have positive impact on market growth in the near future. Globally, the valve market is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest in research and development of the industrial valves.
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<strong>Valve</strong> <strong>Market</strong> <strong>to</strong> <strong>Witness</strong> <strong>Lucrative</strong><br />
<strong>Growth</strong> <strong>During</strong> <strong>the</strong> <strong>Forecast</strong> <strong>Period</strong> <strong>2019</strong>-<br />
<strong>2022</strong><br />
“The Global <strong>Valve</strong> <strong>Market</strong> is subject <strong>to</strong> witness a substantial<br />
growth due <strong>to</strong> <strong>the</strong> shifting trend <strong>to</strong>wards au<strong>to</strong>mation &<br />
digitalization of various industrial processes. In addition, rapid<br />
expansion of existing facilities and petroleum refining plants<br />
are estimated <strong>to</strong> drive <strong>the</strong> growth of market over <strong>the</strong> forecast<br />
period.”<br />
The Global <strong>Valve</strong> <strong>Market</strong> is subject <strong>to</strong> witness a substantial growth due <strong>to</strong> <strong>the</strong> shifting trend <strong>to</strong>wards au<strong>to</strong>mation &<br />
digitalization of various industrial processes. In addition, rapid expansion of existing facilities and petroleum refining<br />
plants are estimated <strong>to</strong> drive <strong>the</strong> growth of market over <strong>the</strong> forecast period. Development of advanced flow control <strong>to</strong>ols<br />
is projected <strong>to</strong> have positive impact on market growth in <strong>the</strong> near future. Globally, <strong>the</strong> valve market is predicted <strong>to</strong> grow<br />
at higher CAGR in <strong>the</strong> forecast period, providing numerous opportunities for market players <strong>to</strong> invest in research and<br />
development of <strong>the</strong> industrial valves.<br />
Introduction of smart valves along with intelligent control systems is gaining traction among industry participants due<br />
<strong>to</strong> <strong>the</strong>ir capability <strong>to</strong> detect and correct leakages in <strong>the</strong> valves with help of advanced feedback mechanism, <strong>the</strong>reby<br />
escalating market demand for smart valves with intelligent control systems. Development of advanced diagnostics and<br />
smart technology in valves market for measuring various procedure variables that include upstream & downstream<br />
pressure stem position, temperature, and <strong>the</strong> flow rate, is propelling market growth over <strong>the</strong> forecast period.<br />
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https://www.millioninsights.com/industry-reports/valve-market-trends<br />
The recent technological advancement such as integrated embedded processor and advanced networking framework for<br />
subsea oil & gas sec<strong>to</strong>r with development of novel products such as high impact rendering driver are projected <strong>to</strong> boost<br />
market value in <strong>the</strong> upcoming years.
Technological innovation in oil & gas industry has enabled access <strong>to</strong> resources in deep waters and unusual reservoirs<br />
with adverse atmospheric conditions such as high temperature, high-pressure, and low-pressured or depleted reservoirs.<br />
High-end demand for pipeline installations across downstream segment is anticipated <strong>to</strong> offer numerous growth<br />
prospects for <strong>the</strong> industrial valves market participants in <strong>the</strong> near future. Growing preference <strong>to</strong>wards au<strong>to</strong>mated control<br />
valves is attributed au<strong>to</strong>mation of various industrial process in <strong>the</strong> recent years.<br />
However, fac<strong>to</strong>rs such as reduced of coal usage and declined number of conventional coal-fired plants are expected <strong>to</strong><br />
pose critical challenges for sustained market growth. In addition, volatility in <strong>the</strong> cost of raw material is negatively<br />
affecting <strong>the</strong> market growth <strong>to</strong> a certain extent. Stringent government laws & regulations in regards <strong>to</strong> greenhouse gas<br />
emission from conventional power is limiting market growth.<br />
The market is broadly categorized in<strong>to</strong> five major segment based on products type such as ball valve, butterfly valve,<br />
gate valve, globe valve, and check valves. Ball valve is considered as one of <strong>the</strong> fastest growing segment in <strong>the</strong> valve<br />
market with substantial revenue generation in <strong>the</strong> last couple of years. Growing popularity of <strong>the</strong> ball valves is attributed<br />
<strong>to</strong> increasing adoption for flow control and situations where tight shut-off is required. Additionally, ball valves are also<br />
used in ships, chlorine manufacturing, and fire safe protection services. The butterfly valves has also witnessed massive<br />
growth, in <strong>the</strong> last few years, due <strong>to</strong> its high-end application in <strong>the</strong> oil & gas industry.<br />
The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has<br />
shown major growth in recent years owing <strong>to</strong> <strong>the</strong> rise in <strong>the</strong> implementation of latest technologies in manufacturing<br />
sec<strong>to</strong>r, rapid growth of oil & gas sec<strong>to</strong>r, massive demand from power generation industry, and existence of wellestablished<br />
industrial infrastructure.<br />
Asia-Pacific region is predicted <strong>to</strong> hold major market share in <strong>the</strong> valve market with massive growth in forecast period.<br />
Countries such as India, China and Singapore are leading <strong>the</strong> Asia-Pacific market with growing construction activities,<br />
soaring demand for chemical industry, market expansion for petroleum refining plants, and significant investment by<br />
leading industry players considering potential growth opportunities in <strong>the</strong> region. European region witnessed economic<br />
slowdown in <strong>the</strong> valve market over last few years. However, rise in <strong>the</strong> number of offshore sites and high-end demand<br />
from booming oil & gas from Russia is expected <strong>to</strong> favor market growth in <strong>the</strong> region.<br />
The key players in <strong>the</strong> valve market are Flowserve Co., Kitz Co., Curtiss-Wright Co., Emerson Electric Co., The KSB<br />
Group, CIRCOR International, Inc., Cameron International Co., Alfa Laval AB, AVK Group, Camtech Manufacturing<br />
FZCO, Delta-Pacific <strong>Valve</strong>s Ltd., Goodwin plc, GWC <strong>Valve</strong> International, Inc., Watts Water Technologies, Inc., and<br />
Pentair plc.<br />
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https://www.millioninsights.com/industry-reports/valve-market-trends/request-sample<br />
<strong>Market</strong> Segment:<br />
The latest market data for this research include:<br />
• Overall valve market size, 2011-<strong>2022</strong><br />
• <strong>Valve</strong> market size by product segment, 2011-<strong>2022</strong>
• <strong>Growth</strong> rates of <strong>the</strong> overall valve market and different product segments, 2011-<strong>2022</strong><br />
• Shares of different product segments of <strong>the</strong> overall valve market, 2011, 2017 and <strong>2022</strong><br />
The product segments discussed in <strong>the</strong> data reports include:<br />
• Check valves<br />
• Oleohydraulic and pneumatic transmissions valves<br />
• Pressure-reducing valves<br />
• Relief and safety valves<br />
The reports help answering <strong>the</strong> following questions:<br />
• What is <strong>the</strong> current size of <strong>the</strong> valve market in <strong>the</strong> world and in <strong>the</strong> <strong>to</strong>p 10 global countries?<br />
• How is <strong>the</strong> valve market divided in<strong>to</strong> different product segments?<br />
• How are <strong>the</strong> overall market and different product segments growing?<br />
• How is <strong>the</strong> market predicted <strong>to</strong> develop in <strong>the</strong> future?<br />
• What is <strong>the</strong> market potential compared <strong>to</strong> o<strong>the</strong>r countries?<br />
See More Reports of This Category by Million Insights @<br />
https://www.millioninsights.com/industry/machinery-and-machine-parts
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