Industrial Valves Market To Witness Substantial Growth, Likely To Attain Almost USD 88.4 Billion By 2021

Alfa Laval, Pentair Plc., Velan Inc., Camtech Valves, GWC Valve International Inc, Valvitalia S.P.A, Cameron Goodwin Plc, International, Neway Valve (Suzhou) Co., Ltd., and Delta Pacific Valves Ltd. are few of the leading players in the global industrial valves market. In the coming period, the active participation of these players to expected to boost market growth. The global industrial valves market in 2015 recorded around USD 65.0 Billion, as per the Zion Market Research analysts. Also, by 2021, the global industrial valves market is anticipated to surpass USD 88.4 Billion, growing at around 5.3% CAGR from 2016 to 2021.

This review is based on a report by Zion Market Research, titled “Industrial Valves Market (Gate, Butterfly, Ball, Check, Globe) Market for Oil & Gas, Chemical, Power, Water & Wastewater and Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021”- Report at https://www.zionmarketresearch.com/report/industrial-valves-market

Global Industrial Valves Market Likely To Witness Growth Owing To Rising Urbanization In Developing Countries

As per the analysis by the Zion Market Research analysts, developing countries like India, Brazil, and China are constantly spreading their industrial infrastructure out, thus propelling the growth of the global industrial valves market. In the last couple of years, rapid development is being witnessed in the global industrial valves market owing to rising urbanization. Increasing offshore gas & oil projects around the globe, the increasing demand from manufacturing & process sector by reason of enhanced safety, decreased operating costs, and continuing efforts to expand water infrastructures in budding countries are the key factors expected to have a positive impact on the growth of global industrial valves market. Conversely, ambiguity in the costs of crude oil that makes the development fiscally wobbly may hamper the expansion of the global industrial valves market in the years to come. Nonetheless, the rising need for energy from all sectors is anticipated to bring up new developmental avenues for the global industrial valves market in the forecast period.

Furthermore, the increasing attempts by market players to provide more to customers and fulfill the rising demand are also expected to contribute to the growth of the global industrial valves market. In August 2018, for example, the entirely owned subsidiary of Velan Inc. located in Italy has been granted important deals for the supply of three diverse sorts of valves. These valves are to be provided to MODEC Offshore Production Systems, as per the agreement. MODEC Offshore Production Systems is a company situated in Singapore at present. These deals have a total sales worth of around $18 Million and were slated for delivery by early 2019, thus propelling the earnings for the global industrial valves market.

Gate Valves’ Use In Diverse Application Industry To Boost The Global Industrial Valves Market Growth

The ball valve accounted for 20% of the revenue share in 2015 of the global industrial valves market. The use of gate valves in the application industry like manufacturing, gas & oil, marine, automotive, and pharmaceuticals industry is projected to witness momentous expansion for the global industrial valves market in the near future.

This report segment of global industrial valves market as follows:

Industrial Valves Market: Type Segment Analysis

• Gate valve
• Butterfly valve
• Ball valve
• Check valve
• Globe valve

Industrial Valves Market: Application Segment Analysis

• Oil & gas
• Chemical
• Power
• Water & wastewater
• Other application

Industrial Valves Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa

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