The Global Industrial Valves Market is Projected to Reach US$107. 3 billion by 2025 Growing at a CAGR of 4.0%
The global Industrial Valves market is expected to decline substantially in the year 2020, with COVID-19 pandemic triggering a short-term crisis in the industrial sector, before recovering to reach a revised market size of US$107.3 billion by 2025.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Industrial Valves market. The segments covered in the study include Valve Type (Ball Valves, Butterfly Valves, Check Valves, Diaphragm Valves, Gate Valves, Globe Valves, Plug Valves, Safety Valves); and End-Use (Oil & Gas, Water & Sewage Utilities, Electric Power Generation, Chemical, Petroleum Refining, Pulp & Paper, Iron & Steel, Other End-Uses).
10 June 9:48 A.M., California/Marketwire/ - According to the new market research report, the global Industrial Valves market is expected to decline substantially in the year 2020, with COVID-19 pandemic triggering a short-term crisis in the industrial sector, before recovering to reach a revised market size of US$107.3 billion by 2025. The market will be reset to a new normal which going forwards in a post crisis era will be continuously redefined and redesigned. Ball Valves, one of the segments analyzed and sized in this study, is forecast to grow at over 4.2% and reach a market size of US$35 billion by the end of the analysis period.
Despite witnessing a considerable decline in 2020 due to weakened activity across core end-use verticals because of the COVID-19 crisis, the Industrial Valves market is likely to regroup to post gains in the post COVID -19 environment. Since, industrial valves are ubiquitous and have indispensable use in refineries, petrochemical plants, chemical plants, power generation facilities, pulp & paper units, and water/sewage utilities, where these solutions are deployed in multiple numbers to manage media flow and eliminate hazardous fluctuations in pressures, the post COVID-19 environment is likely to induce progressive momentum in the market. Long-term growth in the market also hinges on R&D and innovations in valve control mechanisms; development of reliable and durable valves; and innovative valve designs that enhance integrity and overthrow drawbacks associated with traditional standard valve designs. Smart valves are likely to make a big splash in the market amid anticipated increase in CAPEX spends on automation across industries.
Key Competitors Covered in the Report
Anvil International, Barksdale, Inc.
Crane Nuclear, Inc.
Emerson Electric Co.,
ITT Engineered Valves
SPX Flow, Inc.
The AVK Group
Watts Water Technologies, Inc.
Geographies Analyzed in the Report
Europe (France, Germany, Italy, UK, Spain, Russia, Rest of Europe)
Asia-Pacific (Australia, India, South Korea, Rest of Asia-Pacific)
Latin America (Argentina, Brazil, Mexico, Rest of Latin America)
Middle East (Iran, Israel, Saudi Arabia, UAE, Rest of Middle East)
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 28681. Among this pool, 2581 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 574 unique participations, a total of 258 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world's only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
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Global Industry Analysts, Inc.