The valves market in Saudi Arabia is anticipated to cross US$5 billion by 2021.
Industrial valve is a mechanical/electromechanical device used for controlling, regulating and diverting flow and pressure in fluids (liquids, gases and slurries) by closing, opening or blocking the passage of fluid. Increasing industrialization, growing construction activities, strong government support in the form of favourable FDI policies in oil & gas sector and advantageous incentives schemes are expected to drive Saudi Arabia valves market during the forecast period.
The government has formulated plans to become the second largest exporter of refined oil products in the world by 2017, and has opened the sector for private investments. With growing developments in petrochemical and refinery infrastructure, the demand for valves is anticipated to increase at a robust pace during 2016-2021.
The Kingdom of Saudi Arabia is the only country among the GCC nations that has allowed participation of private players in refinery and petrochemical sectors. This has had a huge positive influence on the country's valves market. Moreover, industrial cities such as Yanbu and Al Jubail, are expected to be the major consumers of valves during the forecast period.
Growing demand from various end user industries such as refinery, metallurgy, food & beverage, chemicals, etc., coupled with implementation of favourable government policies are projected to increase demand for valves in Saudi Arabia during 2016-2021. Furthermore, huge investments in Saudi Arabia for capacity additions at existing end user facilities coupled with launch of new projects is anticipated to further boost the Saudi Arabia valves market through 2021. Some of the leading players operating in the market includes Emerson Process Management, Cameron International Corporation, Flowserve Corporation and Pentair Ltd., among others.
- AVK Saudi Valves Manufacturing Co. Ltd.
- Cameron International Corporation
- Emerson Process Management
- FMC Technologies Inc.
- Flowserve Corporation
- KSB Pumps Arabia Ltd.
- Kitz Corporation
- Pentair Ltd
- Valvitalia Group SpA
- Weir Group PLC
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Analyst View
4. Saudi Arabia Valves Market Outlook
5. Saudi Arabia Industrial Valves Market Outlook
6. Saudi Arabia Civil Valves Market Outlook
7. Market Dynamics
8. Market Trends & Developments
9. Channel Partner Analysis
10. Saudi Arabia Economic Profile
11. Competitive Landscape
12. Strategic Recommendations
For more information about this report visit http://www.researchandmarkets.com/research/qsgcjb/saudi_arabia
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