LONDON, July 1, 2015 /PRNewswire/ -- The report provides detailed analysis of industrial valves that are used in applications such as oil & gas, municipal, mining & dredging, and chemical. The type segment includes market size of major valve types such as ball valves, globe valves, plug valves, and others. Regional analysis of industrial valves market has been categorized into Asia-Pacific, Europe, North America, Latin America, and Middle-East and Africa markets.
The report further provides qualitative analysis of the leading players, with a clear insight and analysis on the development strategies preferred by the market players. The report also includes a chronology of the developments with respect to contracts, agreements, and expansions. The market dynamics in terms of market drivers, restraint, opportunities, and challenges are discussed in detail in the report. The key players such Pentair Ltd. (Switzerland), Flowserve Corporation (U.S.), Emerson Electric (U.S.), FMC technologies (U.S.), and Alfa Laval AB (Sweden) have been profiled in this report to provide an insight of the global competitive scenario for industrial valves. The market players prefer contracts, agreements, joint ventures and partnerships, and expansion as their development strategy. Companies have adopted strategic acquisitions to bridge the existing gap in their product offerings, the end market requirements, and the geographical constraints. Companies are also continually investing in R&D to come up with innovative products to cater the changing technological requirements for different end-user applications. These strategies have helped the companies to create a large customer and partner base via contracts in the key markets in the global industrial valves market.
The Middle East and Africa market for industrial valves is projected to grow at a CAGR of 5.71% from 2014 to 2019. Growing oil & gas and power industry offer an attractive growth opportunity for the industrial valves manufacturers. Booming desalination industry demand is also a major aiding the rising demand for industrial valves in this region. Changing trends in the energy sector and growth of non-conventional energy sources is also boosting the demand for industrial valves. The slowdown in South African mining industry, a key market for industrial valves, is a prime factor deterring the growth of industrial valve market. Asia-Pacific market for industrial valves is projected to grow at a fast pace of 6.88% CAGR between 2014 and 2019. Mounting demand from the municipal sector in this region is a major factor which is driving the demand for industrial valves. Strong growth outlook for the downstream oil & gas sector in the major markets is also expected to enhance the demand for valves in this region. Waning mining industry in key markets such as Australia is a key factor weakening industrial valves market in this region.
SCOPE OF THE REPORT
The report focuses on industrial valves market used in the oil & gas, power, municipal, chemical and mining, and others market. The segmentation followed in the report has been listed below.
On the basis of application
- Oil & Gas
On the basis of type
- Ball valve
- Globe valve
- Plug valve
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