Industrial Valves Market Enhancing Huge Growth and Latest Trends by Top Players 2023-2028

Author: Elena Anderson Marketing Manager

Report DescriptionAbout IMARC Group

International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all regions and industry verticals to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

Global Industrial Valves Market Research Report 2023-2028:

According to the latest report by IMARC Group, titled “ Industrial Valves Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 20 23-2028

,” the global industrial valves market size reached US$ 68.8 Billion in 2022.

Industrial valves refer to mechanical devices that regulate, direct, and control the flow of fluids, gases, liquids and slurries. They are heavy-duty industrial strength valves that form essential components in the piping system for managing various processes. These valves consist of the main body, stem, and seat made from polymers, rubber, metals, and materials to avoid leakage.

They are manufactured with carbon steel, cast iron, stainless steel, and high functioning metal alloys to enhance flow control. They are used to handle high pressure by opening, closing, and partially obstructing various passageways. As a result, they find applications across the water and wastewater, oil and power, food and beverage, and chemical industries.

Request for a PDF sample of this report:

https://www.imarcgroup.com/industrial-valves-market/requestsample

Global Industrial Valves Market Trends:

The global industrial valves market is primarily driven by the growing production and exploration of oil and gas. The increasing unconventional oil and gas activities across downstream segments are also propelling the market growth. In the power industry, industrial valves are widely used in condensate systems to control the deaerator level for feedwater heaters and regulate the additional flow required for fluid recirculation condensate pumps.

Moreover, the rising adoption of diagnostics in industrial valves and the integration of industrial valves with smart control systems has helped to monitor upstream and downstream pressure stem positions, temperature and flow rates. Furthermore, the establishment of nuclear power plants and renovation of existing facilities is also positively impacting the market across the globe.

Looking forward, the market value is expected to exhibit a CAGR of 7.1% during the forecast period (2023-2028).

View Report TOC, Figures and Tables: https://www.imarcgroup.com/industrial-valves-market

Report Description Report Description and Highlights

Key Market Segmentation

The research report includes the following segments:

Breakup by Product Type:

• Gate Valve

• Globe Valve

• Butterfly Valve

• Ball Valve

• Check Valve

• Plug Valve

• Others

Breakup by Functionality:

• On-Off / Isolation Valves

• Control Valves

Breakup by Material:

• Steel

• Cast Iron

• Alloy Based

Report Description Report Description and Highlights

Breakup by Size:

• Upto 1”

• 1”-6”

• 7”-25”

• 26”-50”

• 51” and Above

Breakup by End Use Industry:

• Oil and Gas

• Power

• Pharmaceutical

• Water and Wastewater Treatment

• Chemical

• Food and Beverage

Breakup by Region:

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa

Report Description Report Description and Highlights

Competitive Landscape with Key Players:

• AVK Holding A/S

• Cameron International Corporation (Schlumberger)

• The Crane Company

• Emerson Electric Co.

• Flowserve Corporation

• Forbes Marshall

• IMI Plc

• Kitz Corporation

• Neway Valves (Suzhou) Co. Ltd.

• Samson AG

• Velan Inc.

1. What was the size of the global industrial valves market in 2022?

2. What is the expected growth rate of the global industrial valves market during 2023-2028?

3. What are the key factors driving the global industrial valves market?

4. What has been the impact of COVID-19 on the global industrial valves market?

5. What is the breakup of the global industrial valves market based on the product type?

6. What is the breakup of the global industrial valves market based on the functionality?

7. What is the breakup of the global industrial valves market based on the material?

8. What is the breakup of the global industrial valves market based on size?

9. What is the breakup of the global industrial valves market based on the end use industry?

10. What are the key regions in the global industrial valves market?

11. Who are the key players/companies in the global industrial valves market?

Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/industrial-valves-market/toc

A partial List of our Clients

Partial List of Clients

We are the trusted business partners to the world's leading corporates, governments, and institutions

A partial List of our Clients

Partial List of Clients

We are the trusted business partners to the world's leading corporates, governments, and institutions

Report Description Report Description and Highlights

© 2022 IMARC All Rights Reserved

This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC).

Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication.

IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.