Global Industrial Valves market accounted for USD 65.0 Billion in 2015 and is expected to reach USD 88.4 Billion by 2021, growing at a CAGR of around 5.3% between 2016 and 2021.
Industrial valves market growing at a cagr of 5.3% between 2016 and 2021
1. Published By: Zion Market Research
Industrial Valves (Gate, Butterfly, Ball, Check, Globe) Market for Oil & Gas, Chemical,
Power, Water & Wastewater and Other Applications: Global Industry Perspective,
Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 –
2021
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2. Industrial Valves Market
Zion Research has published a new report titled “Industrial Valves Market by Type (Gate,
Butterfly, Ball, Check, and Globe) Market for Oil & gas, Chemical, Power, Water &
Wastewater and Other Applications: Global Industry Perspective, Comprehensive Analysis
and Forecast, 2015 - 2021.” According to the report, the global Industrial Valves
market accounted for USD 65.0 Billion in 2015 and is expected to reach USD 88.4 Billion by
2021, growing at a CAGR of around 5.3% between 2016 and 2021.
Developing countries such as India, China & Brazil are continuously expanding their
industrial infrastructure. Rising urbanization has led industrial valve market to grow rapidly
from past few years. Increasing offshore oil and gas projects across the globe, rising
demand from manufacturing & process industry due to improved safety and reduced
operating costs, ongoing efforts to expand water infrastructures in developing countries are
the major factors expected to favor the growth of industrial valve market.
Browse the full "Industrial Valves Market (Gate, Butterfly, Ball, Check, Globe) Market
for Oil & Gas, Chemical, Power, Water & Wastewater and Other Applications: Global
Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment,
Trends and Forecast, 2015 – 2021" report
at https://www.zionmarketresearch.com/report/industrial-valves-market
3. Industrial Valves Market
On a contrary, uncertainty in crude oil prices which makes project economically unstable
may hamper the market growth over the years to come. Nonetheless, rising demand of
energy from all sectors is expected to open up new growth opportunities in the coming
years.
4. Industrial Valves Market
Ball valve accounted 20% of revenue share of the overall market in 2015. Ball valves are
quarter-turn, straight-through valves used in situations where tight shut-off is required. Use
of gate valves in application sector such as oil and gas industry, pharmaceuticals,
manufacturing, automotive, and marine is expected to experience significant growth in the
forecast period.
Along with 22% revenue share oil & gas application segment emerged as a largest
application segment in 2015. Increasing pipeline installations and need for monitoring &
controlling from centralized location has prompted the growth & demand of industrial valves.
Ongoing efforts to expand water infrastructures in developing countries are expected to
show significant growth in water & wastewater application segment.
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market
Ongoing efforts to expand water infrastructures in India ,China and Indonesia coupled with
increasing demand from chemical and mining industries is fueling the growth of the market
in Asia Pacific region. Africa is considered as a one of the most attractive market for
industrial valves due to rising power sector. Oil & gas production is one of the major driving
factors for escalating demand for industrial valve in North America.
Key players profiled in the report include Alfa Laval, Velan Inc., GWC Valve International
Inc, Delta Pacific Valves Ltd., Cameron International, Goodwin Plc , Camtech Valves ,
Pentair Plc. , Neway Valve (Suzhou) Co., Ltd. and Valvitalia S.P.A amongst others.
5. Industrial Valves Market
This report segment of the global of industrial valves market as follows:
Industrial Valves Market: Type Segment Analysis
Gate valve
Butterfly valve
Ball valve
Check valve
Globe valve
Industrial Valves Market: Application Segment Analysis
Oil & gas
Chemical
Power
Water & wastewater
Other application
Industrial Valves Market: Regional Segment Analysis
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
6. Industrial Valves Market
Request for sample report @ https://www.zionmarketresearch.com/sample/industrial-valves-
market
Browse the full "Industrial Valves Market (Gate, Butterfly, Ball, Check, Globe) Market for Oil &
Gas, Chemical, Power, Water & Wastewater and Other Applications: Global Industry
Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast,
2015 – 2021" report at https://www.zionmarketresearch.com/report/industrial-valves-market
Zion Market Research
Address: 4283, Express Lane, Suite 634-143, Sarasota, Florida 34249, United States
Tel: +1-386-310-3803 GMT
+49-322 210 92714 Tel: +1-855-465-4651 (US/CAN TOLL FREE)
Email: sales@zionmarketresearch.comWeb:www.zionmarketresearch.com