ALBANY, New York, October 17, 2016 /PRNewswire/ --
Transparency Market Research (TMR) has announced the release of a new report on the global valve market. The report examines the historical trajectory of the global market and presents detailed forecasts regarding the market's development from 2016 to 2024. The report examines the competitive dynamics, segmentation, and major drivers and restraints of the global valves market in order to provide a complete overview. The report is titled 'Valve Market (Material - Copper, Stainless Steel, Plastic, Carbon Steel, and Brass; Application - Civil and Industrial) - Global Industry Analysis, Trend, Size, Share and Forecast 2016 - 2020' and is available for sale on the official website of TMR.
According to the report, the global valve market will exhibit a CAGR of 5.6% from 2016 to 2020 in terms of revenue. If the number holds true, the market, which valued at US$71.21 bn in 2015, is expected to rise to US$92.65 bn by 2020. In terms of volume, the market is expected to grow at a CAGR of 4.6% during the forecast period. Of the key materials used for manufacturing valves, the segment of stainless steel dominated the market, accounting for a nearly 54% in 2015. Geographically, Asia Pacific leads the global valves market in terms of both volume and revenue. The shale gas boom in the U.S. will enable the North America valves market to witness sizeable traction in the next few years.
Download Sample of Report or for further inquiries, click here: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=15848
Rising Demand across Wastewater Treatment Industry to Benefit Market
The global valve market is chiefly driven by rising demand across industries such as food and beverages, semiconductor and electronics, and wastewater management. The increasing importance of wastewater management owing to the rising global demand for good quality surface and ground water has led to the development of advanced wastewater treatment facilities across several industries across the globe. Moreover, stringent environmental laws implemented by government bodies, especially across Europe and Asia Pacific, are also encouraging developments across the wastewater treatment industry. This, in turn, is boosting the demand for a variety of valves.
The increased usage of valves across the food and beverages industry, with the aim of maintaining production integrity and standards and increasing time efficiency of a number of operations and processes is also a key driver of the global valves market. The demand for valves has, especially, seen a significant rise in the processed food industry, where the industry is challenged with the demanding task of manufacturing products faster than ever before.
Browse Regional PR: http://www.europlat.org/global-valve-market.htm
Slump in Oil and Gas Industry to Negatively Impact Market
The global oil and gas industry is one of the key consumers of valves. The recent downturn witnessed by the global oil and gas industry owing to oversupply and reduced demand has had a huge impact on the growth of the valves market as well. Owing to the crash, which is considered one of the toughest seen by the industry in the past many decades, oil and gas companies have been cutting costs, wrapping up many ongoing projects, and investing in very few new projects. This is leading to a huge decline in the demand for a variety of valves.
Moreover, the recent slowdown in the manufacturing sectors across some of the world's most prominent manufacturing economies such as Russia and China has also adversely affected the global valves market. The manufacturing sector is one of the key consumers of a variety of valves. Thus, the development of the manufacturing sector is a key determinant of the development of the valves market as well.
The global valves market features a highly fragmented competitive landscape, with none of the top five vendors, namely Emerson Electric Co., Pentair Plc, Cameron International, Flowserve Corporation, and GE Oil & Gas, capturing more than 5% of the overall market in 2015, observes a recent report by Transparency Market Research. Collectively, these companies had a nearly 10% stake in the highly competitive global valves market. To gain an edge, key companies have resorted to product innovations, expansion across lucrative regional markets, and mergers and acquisitions.
For the study, the market is segmented as follows:
Global Valve Market, By Material
- Stainless Steel
- Others (Brass, Carbon Steel etc.)
Global Valve Market, By Application
Global Valve Market, By Geography
- North America
- Asia Pacific
- Rest of the World (ROW)
Recent Research Reports by Transparency Market Research:
- Control Valves Market:
- Stainless Steel Control Valves Market:
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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