The market growth of industrial valves is expected to be driven by current investments and the trend of polymer technologies in industries in the upcoming years, according to the TechSci Research report titled “Global Industrial Valves Market – By Region, Competition, Forecast & Opportunities, 2028”. This is expected to result in a healthy expansion of the industrial valves market.
Industrial valves, which are essentially mechanical devices used for controlling the flow of gases, liquids, and slurries, can be used to regulate the flow of gases or liquids by partially blocking, closing, or opening pipes and other routes. Valves are vital components of every pipe system that transports liquids, gases, vapors, slurries, etc. The valves sector has significant development potential, particularly as governments across the globe are investing more to provide residents with a variety of services, including gas and clean water. The demand for industrial valves is expected to increase as a result of the introduction of many new pipeline projects to deliver fresh water and gas to both residential and non-residential properties. Governments and major oil and gas businesses are also searching for additional reservoirs to accommodate this rise in demand, which will help expand the nation’s market for industrial valves. Furthermore, the establishment of numerous new power-producing facilities by governments and other businesses is driving the need for industrial pumps and other enhanced regulating devices.
The leading segment in the global industrial valves market, based on valve type, is the globe valve, with a market share of 21.4% in 2022, followed by the ball valve with a market share of 20.45% in 2022. The globe valve is the most widely used industrial valve and permits fluid circulation during a process. Its flexibility is a crucial component in the market for industrial expansion and linear motion valves, with the primary purposes of halting, beginning, and controlling flow. The discs of a globe valve could totally seal or completely obstruct the flow route. The most typical applications for globe valves include cooling water, fuel oil, feedwater, chemical feed, condenser air extraction, and drain systems. Substantial applications in cooling water systems require flow control management. Since the discs and seats are easily replaceable or repaired, the globe valve requires minimal maintenance, making it appropriate for applications that require frequent valve maintenance. The flow control pressure drop range must be considered when designing the valve to avoid early failure and provide adequate service, and valve trim must be developed for optimal high-differential pressure throttling.
Browse over 167 market data Figures spread through 221 Pages and an in-depth TOC on the “Global Industrial Valve Market“- https://www.techsciresearch.com/report/global-industrial-valves-market/1572.html
The global industrial valves market is segmented into North America, South America, the Middle East & Africa, Asia-Pacific & Europe for regional analysis. The Asia-Pacific region is leading the industrial valve market with a market share of 36.71% in 2022, followed by Europe with a market share of 23.02% in 2022. The Asia-Pacific region offers attractive potential for the industrial valve market, as it is home to the majority of emerging nations, including India, Vietnam, Indonesia, and others. China is investing heavily in coal-to-liquid technologies across the Asia-Pacific region, resulting in a rising need for industrial valves due to processes such as carbon sequestration, shale gas advancements, and the development of several coal-fired facilities. Developing nations like China and India are increasing their power capacity to meet the growing demand for energy. Industrial valves are also used in nuclear power facilities in the region in addition to electricity plants. The large local government investments in the pharmaceutical, healthcare, life sciences, and biotechnology industries have also contributed to the growth of Asia’s biopharmaceutical companies, leading to an expected increase in the need for industrial valves to fuel market growth.
A recent trend in valve manufacturing is the use of thermoplastics and polymer technologies, particularly in the production of butterfly valves, which is catching on globally. Customers worldwide demand valves that possess high-strength mechanical properties and are suitable for water-related activities. As a result, valve manufacturers worldwide are focusing on producing technologically superior valves, which is expected to result in market growth throughout the projected period.
Key market players in the global industrial valve market include:
- Emerson Electric Co.
- Flowserve Corporation
- Alfa Laval Corporate AB
- Crane Co
- IMI Plc
- Schlumberger N.V. (Schlumberger Limited)
- Baker Hughes Company
- MRC Global Inc.
- KITZ Corporation
- The Weir Group PLC
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“Global industrial valve installation is anticipated to increase as a result of investments in pipeline infrastructure for downstream applications in the oil and gas industry. Additionally, it is anticipated that rising healthcare device output and pharmaceutical sector R&D expenditures would boost the market for industrial valves. Therefore, these factors are fuelling the market growth of the Global Industrial Valves Market in the upcoming years”, Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting organization.
“Global Industrial Valves Market By Valve Type (Globe Valves, Ball Valves, Butterfly Valves, Wedge Gate Valves, Knife Gate Valves, Check Valves, Diaphragm Valves, Pinch Valves, Float Valves, Air Valves, Automatic Control Valves, Resilient Seal Gate Valves, 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, 2028”, has evaluated the future growth potential of Global Industrial Valve Market and provides statistics and information on market structure, size, share, and future growth. The report is intended 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 present in the Global Industrial Valve Market.
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