Hybrid Valve Market

Hybrid Valve Market worth $1.4 billion by 2024

According to the new market research report "Hybrid Valve Market by Material (Steel, Tungsten Carbide, Alloy, Titanium, Duplex Nickel), Valve Size, End-Use Industry (Oil & Gas, Water & Wastewater, Energy & Power, Chemicals, and others), and Region - Global Forecast to 2024", the global hybrid valves market size is expected to be worth USD 1.0 billion in 2019 and reach USD 1.4 billion by 2024, at a CAGR of 6.4% from 2019 to 2024. The growth of this market can be attributed to the high demand for hybrid valves from various industries such as oil & gas, energy & power, and water & wastewater, mainly from APAC and North America.

Browse 169 market data Tables and 41 Figures spread through 191 Pages and in-depth TOC on "Hybrid Valve Market - Global Forecast to 2024"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/hybrid-valve-market-147672154.html

Oil & gas industry to hold the largest share of the hybrid valves industry in 2019

The oil & gas industry is likely to account for the largest hybrid valves market share in 2019. The recent uptrend in the oil & gas industry, the enormous demand for energy from the ever-growing population & expansion of the consumer base in developing economies of Asia Pacific, increase in the pipeline production of oil & gas are the major factors that are likely to drive the hybrid valves market growth in the next few years. In addition, the increasing production of crude oil in the Middle East due to the increase in the oil production in the coming years and the activation of oil rigs in the region will result in the high demand for hybrid valves over the forecast period.

The demand for steel hybrid valves to grow at the highest CAGR during the forecast period

The hybrid valves market for steel is expected to witness the highest growth during the forecast period. The rising demand from industrial production plants for high temperature/pressure applications of valves is expected to drive the market for steel hybrid valve during the forecast period.

APAC expected to hold the largest share of hybrid valves market in 2019

APAC is expected to hold the largest share of the hybrid valves industry in 2019. The growth is attributed mainly to the numerous initiatives taken by the government to encourage the implementation of IoT in the companies in APAC. Increasing oil & gas activities and the growing need for water treatment solutions in countries, such as China, India, and Japan. Due to these factors, the usage of hybrid valves is projected to increase in this region.

A few key players operating in the hybrid valves industry are Emerson (US), IMI PLC (UK), Trillium Flow Technologies (US), and Dymet alloys (UK).

Don’t miss out on business opportunities in Hybrid Valve Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Report Code
SE 7362
PR Published ON
9/24/2019
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Hybrid Valve Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved
...

Digital Virtual Assistant - MarketsandMarkets

Home