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Industrial Valves Market worth $70 Billion by 2019
The report ”Industrial Valves Market by Type (Ball, Globe, Gate, Butterfly and Others), by Application (Oil & gas, Chemical, Municipal, Power, and Others) and by Region (North America, Latin America, Middle East and Africa, Asia–Pacific, and Europe) - Global Trend & Forecast to 2019”, defines and segments the industrial valves market with analysis and forecasts of market size for the global industrial valves market. It also identifies driving and restraining factors for the industrial valves market with analysis of trends, opportunities and challenges.
Browse 72 market data tables and 88 figures spread through 159 pages and in-depth TOC on “Industrial Valves Market by Type (Ball, Globe, Gate, Butterfly and Others), by Application (Oil & gas, Chemical, Municipal, Power, and Others) and by Region (North America, Latin America, Middle East and Africa, Asia–Pacific, and Europe) - Global Trend & Forecast to 2019"
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Industrial valves are devices used for flow regulation and control in piping systems. Valves are used to regulate, start and stop, or control the direction of a fluid or gas, flowing through the piping system. The industrial valves market has been segmented on the basis of its application in industries viz. Oil & gas, Chemical, Municipal, Power, and others.
The industrial valves market is expected to grow at a fair pace in the next half a decade. The demand for industrial valves is expected to be driven by significant expansions in the oil & gas, municipal, and power sector. One of the fast growing markets for industrial valves is the Middle East and Africa region. Demand for valves in Middle East is expected be a direct result of its changing role in the global manufacturing scenario; from a raw goods provider to a refined products supplier. The oil & gas and power application industry growth is expected to drive the demand for industrial valves in Africa. Water and wastewater industry demand as well as expanding downstream oil & gas sector in key countries like India and China would boost the demand for industrial valves in Asia-Pacific. One of the significant factors limiting growth of industrial valves is the waning demand from mining industry. Key markets such as Australia and South Africa have been experiencing slowdown in mining sector, ensuing decreased demand for valves.
Middle East And Africa Market Size, 2012 - 2019 ($Million)
Source: Secondary Research, Expert Interviews, and MarketsandMarkets Analysis
The global industrial valves market is projected to grow at a CAGR of 5.4% in the next half a decade & with an estimation to surpass $70 Billion by 2019. Latin America, and Middle East and Africa are expected to be emerging markets for industrial valves. Asia-Pacific market is expected to grow at the fastest rate as compared to other regions.
The leading players in industrial market include Pentair Ltd. (Switzerland), Flowserve Corporation (U.S.), Emerson Electric (U.S.), FMC technologies (U.S.), and Alfa Laval AB (Sweden). The companies are continually investing in R&D to introduce valves to suit the growing technological requirements in the application industries.
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