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Industrial Valves Market Size, Growth, Analysis, Trend and Forecast to 2030 | Credence Research

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The latest market report published by Credence Research, Inc. The global demand for Industrial Valve was valued at USD 100515.5 million in 2022 and is expected to reach USD 148507.1 Million in 2030, growing at a CAGR of 5.00% between 2023 and 2030.

Industrial valves are crucial components in various industries, playing a vital role in controlling the flow of liquids, gases, and steam within industrial processes. The global industrial valves market has witnessed significant growth in recent years, driven by factors such as technological advancements, increasing industrialization, and the need for efficient fluid handling systems. In this article, we will delve into the key trends and factors shaping the industrial valves market.

Market Overview

The industrial valves market encompasses a wide range of valve types, including ball valves, gate valves, butterfly valves, globe valves, and more. These valves find applications across diverse industries, including oil and gas, water and wastewater treatment, power generation, chemical processing, and pharmaceuticals, among others.

Browse the Full Report: https://www.credenceresearch.com/report/industrial-valves-market

Key Trends and Drivers

  • Automation and Digitalization: One of the most notable trends in the industrial valves market is the integration of automation and digitalization. The advent of smart valves equipped with sensors and actuators allows for remote monitoring, predictive maintenance, and enhanced process control. This technology not only improves efficiency but also reduces downtime and operational costs.
  • Environmental Regulations: Growing environmental concerns and stringent regulations have led to a greater emphasis on sustainability and emissions reduction. As a result, there is a rising demand for eco-friendly valves that minimize leakage and provide tight shut-off capabilities.
  • Energy Efficiency: Industries are increasingly focusing on energy-efficient solutions to reduce energy consumption and greenhouse gas emissions. Energy-efficient valves, such as control valves with advanced flow control mechanisms, are in high demand as they contribute to optimized energy usage.
  • Infrastructure Development: Rapid urbanization and infrastructure development projects worldwide are driving the demand for industrial valves in water and wastewater treatment, HVAC systems, and building automation. These valves are essential for the efficient management of water supply and HVAC systems.
  • Oil and Gas Industry Growth: The oil and gas industry remains a significant consumer of industrial valves, particularly in upstream, midstream, and downstream activities. Exploration and production activities, coupled with the expansion of pipeline networks, continue to boost demand for valves in this sector.

Regional Dynamics

The industrial valves market exhibits regional variations in terms of growth and demand. Developing economies in Asia-Pacific, such as China and India, are witnessing robust growth in industrialization and infrastructure development, driving the demand for industrial valves. North America and Europe, on the other hand, are focusing on valve upgrades and replacements to improve efficiency and meet environmental standards.

Conclusion

The industrial valves market is evolving to meet the changing demands of various industries. Automation, digitalization, and sustainability are key drivers, with smart valves and energy-efficient solutions gaining prominence. As industries continue to grow and environmental regulations become stricter, the importance of high-performance valves in optimizing processes and reducing emissions cannot be overstated. The industrial valves market is poised for continued growth and innovation as it adapts to the ever-changing landscape of industrial operations. Companies in this space must stay agile and embrace technological advancements to remain competitive and meet the evolving needs of their customers.

List of Companies Covered:

  • Gemini Valve
  • Emerson Electric Co.
  • Jagflo Components
  • AVK Holdings A/S
  • Davis Valve
  • Schlumberger Limited
  • Microfinish Valves Pvt. Ltd.
  • Avcon Controls Pvt. Ltd.
  • IMI plc
  • Fluidline Valves Co. Pvt. Ltd.
  • Newmans Valves LLC
  • Metso Outotec Corporation
  • The Weir Group PLC
  • Forbes Marshall
  • Goodwin International Ltd.
  • Flow Control Technology Valve
  • Sirca International S.p.A.
  • Sap Industries Ltd.
  • Powell Valves
  • Anything Flows LLC
  • EG Valves Manufacturing Co., Ltd.
  • Flowserve Corp.
  • Bohmer GmbH
  • Virgo Engineers Inc.
  • Global Valve & Controls
  • KLINGER Holding
  • Walworth
  • Fluidchem Valves (India) Pvt. Ltd.
  • Tianjin City Binhai Huayi Valve Co., Ltd.
  • Crane Co.

Browse the Full Report: https://www.credenceresearch.com/report/industrial-valves-market

By Segmentation

By Valve Type:

  • Gate Valves
  • Ball Valves
  • Butterfly Valves
  • Globe Valves
  • Check Valves
  • Plug Valves
  • Diaphragm Valves
  • Safety Valves
  • Control Valves
  • Others

By Valve Material:

  • Metal Valves
  • Plastic Valves
  • Ceramic Valves
  • Other Materials

By Valve Size:

  • Small Valves (Up to 2 Inches)
  • Medium Valves (2 to 8 Inches)
  • Large Valves (Above 8 Inches)

By End-User Industry:

  • Oil and Gas
  • Chemical
  • Water and Wastewater Treatment
  • Power Generation
  • Mining and Metals
  • Pulp and Paper
  • Food and Beverage
  • Pharmaceutical
  • Automotive
  • Others

By Actuation Type:

  • Manual Valves
  • Pneumatic Valves
  • Electric Valves
  • Hydraulic Valves
  • Other Actuation Types

By Region

  • North America (U.S. and Rest of North America)
  • Europe (U.K., Germany, France, and Rest of Europe)
  • Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
  • Rest of World (Middle East & Africa (MEA), Latin America)

 

 

 

 

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Email: [email protected]

Visit: https://www.credenceresearch.com

 



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