Global Industrial Valve Market Report 2023: Growing Traction of Renewable Energy Sources Fuels the Sector

DUBLIN, June 27, 2023 /PRNewswire/ -- The "Industrial Valve Market: Global Market Size, Forecast, Insights, and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.

The global industrial valve market is expected to grow at a CAGR of around 7.0% during 2023-2030.

Companies Mentioned 

• 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.

This report on global industrial valve market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape.

The report presents a clear picture of the global industrial valve market by segmenting the market based on product type, functionality, material, size, end use industry and region.

Also, detailed profiles of companies operating in the industrial valve market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.

Market Dynamics

Drivers

• Rising number of oil and gas (O&G) exploration activities
• Increasing energy demand
• Growing traction of renewable energy sources

Challenges

• Lack of standardized norms and governing policies
• Adverse impact of COVID-19 pandemic on key end-user industries

Historical & Forecast Period

• Base Year: 2022
• Historical Period: 2018-2022
• Forecast Period: 2023-2030

Market Segmentation

by Product Type

• Gate Valve
• Globe Valve
• Butterfly Valve
• Ball Valve
• Check Valve
• Plug Valve
• Others

by Functionality

• On-Off/Isolation Valves
• Control Valves

by Material

• Steel
• Cast Iron
• Alloy Based
• Others

by Size

• Up To 1"
• 1"-6"
• 7"-25"
• 26"-50"
• 51" and Above

by End Use Industry

• Oil and Gas
• Power
• Pharmaceutical
• Water and Wastewater Treatment
• Chemical
• Food and Beverage
• Others

by Region

• Europe
• Germany
• United Kingdom
• France
• Italy
• Spain
• Russia
• Netherlands
• Rest of Europe
• North America
• United States
• Canada
• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Rest of Asia Pacific
• Latin America
• Mexico
• Brazil
• Argentina
• Rest of Latin America
• Middle East & Africa
• Saudi Arabia
• Turkey
• Iran
• United Arab Emirates
• Rest of Middle East & Africa

For more information about this report visit https://www.researchandmarkets.com/r/fpwlcy

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SOURCE Research and Markets