Growing End-use Industries Worldwide to Propel the Industrial Valves Market Growth

  • According to the new market research report “Industrial Valves Market by Valve Type (Control, Butterfly), by Material (Metallic, Non-metallic), by Size (1–6”, 6–25”), by End-use Industries (Oil & Gas, Energy & Power Generation), by Region (North America, Asia Pacific, Europe, Middle East & Africa, South America) — Global Forecast (2019 to 2027)”, the global industrial valves market is projected to reach a value of over USD 96 billion, registering a CAGR of 3.8% during the review period
  • Valves, also known as regulators, are mechanical devices used to control the flow and pressure of liquids, gases, and slurries within a system
  • They are available in a variety of size, design, function, and operation
  • Fluctuations in raw materials prices and stringent government regulations are the factors hampering the market growth
  • Using 3D printing technology for valve manufacturing coupled with adoption of IoT and Industry 4.0 are expected to create lucrative opportunities for players in this market.
  • Increasing oil & gas exploration and production is the primary driver for the market growth
  • This is due to the extensive use of petroleum products in manufacturing wide range of chemical products such as pharmaceuticals, fertilizers, solvents, and plastics
  • Extensive use of natural gas for power generation is another major driver of the global industrial valves market
  • According to the International Energy Agency, the global electricity demand will grow at 2.1% per year to 2040
  • This increased demand for electricity is attributed to high incomes, demand for digitally connected devices, as well as rapid adoption of electric vehicles
  • According to the IEA, the global stock of electric passenger cars passed 5 million in 2018, ou of which, 2.3 million cars were sold in China
  • North America
  • Middle East & Africa
  • Schlumberger Limited:
  • Metso Corporation:

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DataBridge Market Research

DataBridge Market Research

Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approach

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