Increase in power projects and automation in industrial sector are the major factors driving the growth of Australia Industrial Valves market during the forecast period 2024-2028.
According to TechSci Research report, Australia Industrial Valves Market – By Region, Competition, Forecast & Opportunities, 2018-2028F, the Australia Industrial Valves Market is expected to register robust growth during the forecast period 2024-2028, Industrial valves are mechanical devices that control the flow and pressure of liquids, gases, and slurries in systems. It is also called a regulator and is used for various purposes. Valves vary widely in size, design, function, and operation.
Valves are undoubtedly the workhorses of piping systems. From ball and gate valves in the power industry, butterfly valves in pharmaceutical processes, to gate valves in oil and gas exploration, there are many different types of industrial valves that perform myriad tasks from isolation to flow regulation in various industries. All valves perform similar functions, but there are distinct differences between them. Ball valves regulate flow, check valves prevent backflow, and gate valves are ideal for high temperatures and pressures.
Rapid industrialization coupled with increasing automation of industrial processes is one of the key factors driving the growth of the market. In addition, the increasing number of oil and gas (O&G) exploration activities in offshore areas, associated with increasing energy demand, is also a key growth driver. In addition, the expansion of nuclear power plants and oil refineries will enhance market growth. In addition, increasing pipeline installations and rising demand for pipeline monitoring and control from a central location are having a positive impact on the market. In addition, the integration of smart control systems and increased acceptance of diagnostics in industrial valves help monitor upstream and downstream pressure stem position, temperature, and flow. This has also contributed to the growth of the market, along with the increasing demand for monitoring wastewater streams in cities. Growing traction in renewable energy sources for power generation is expected to propel the market in the forecast period.
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Australia Industrial Valves market can be segmented by valve type, material type, application, and product. Based on application, the Australia Industrial Valves market can be bifurcated into oil & gas, refinery, chemical, water, wastewater effluent, power generation, agriculture, mining, and others. During the projected period, power generation segment in type is expected to dominate the market during the forecast period 2024-2028. In the energy industry, valves are used in a variety of applications such as Boiler start-up, feed pump recirculation, steam regulation, and turbine bypass. For example, valves are used in condensate systems to control and regulate the additional flow required for the condensate pump to circulate the liquid. In addition, valves are also used to control the vent level of feedwater heaters. In power industry water systems, valves are used to recirculate boiler feed pumps. Valves play an important role in this scenario as they operate in on/off and modulated modes. Additionally, valves are used in mainstream systems such as superheaters, turbine bypasses, and superheater bypasses. Control valves are used for pressure control.
Energy production from renewable sources is increasing rapidly, but the amount of electricity they generate is not enough to meet the rapidly growing demand. The International Energy Agency’s World Energy Outlook forecasts that over 2,457 gigawatts (GW) of electricity will be installed worldwide over the next 25 years, with Australia having a significant share in it. In addition, the government’s focus on increasing the capacity of power plants across the country is a factor driving the demand for valves in the power industry.
Major companies operating in the Australia Industrial Valves market are:
- Pentair Flow Control International Pty Limited
- AVK Australia Pty Ltd.
- Australian Valve and Engineering Pty Ltd.
- Australian Pipeline Valve
- AT&D Valves Australia
- Global Supply Line Pty Ltd.
- All Valve Industries Pty Ltd.
- Australian Valve Group
- AVFI Pty Ltd.
- Mack Valves Pty Ltd.
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“Australia Industrial Valves Market is expected to expand at a healthy rate during the projected period. Opportunities in Power, Oil & Gas, and many other industries along with opportunities created from increasing F.D.I is expected to create the demand for the market. Growing investments in wastewater industry to tackle the water crisis problem in the country is expected to grow the infrastructure in the country, thus expected to drive the industrial valves market in the country.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Australia Industrial Valves Market By Valve Type (Globe Valves, Ball Valves, Butterfly Valves, Wedge Gate Valves, Knife Gate Valves, Check Valves and Others), By Material Type (Cast Iron, Steel, Cryogenic, Alloy Based, Others), By Application (Oil & Gas, Refinery, Chemical, Water, Wastewater Effluent, Power Generation, Agriculture, Mining, Others), By Product (Quarter turn Valve, Multi turn Valve, Others), By Region, Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Australia Industrial Valves market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Australia Industrial Valves market.
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