{"id":181514,"date":"2021-12-02T13:51:00","date_gmt":"2021-12-02T13:51:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2959137"},"modified":"2021-12-02T13:51:00","modified_gmt":"2021-12-02T13:51:00","slug":"industrial-valve-market-worth-value-usd-58200-million-in-2019","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2021\/12\/02\/industrial-valve-market-worth-value-usd-58200-million-in-2019\/","title":{"rendered":"Industrial Valve Market worth value USD 58,200 Million in 2019"},"content":{"rendered":"<p><img decoding=\"async\" width=\"300\" height=\"125\" src=\"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2021\/12\/3615-Website20Logo-5.png\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"3615 Website20Logo 5\" loading=\"lazy\" style=\"display: block; margin-bottom: 5px; clear:both;max-width: 100%;\" link_thumbnail=\"\" title=\"Industrial Valve Market worth value USD 58,200 Million in 2019 6\"><\/p>\n<p>Industrial Valves Market was valued at USD 58,200 Million in 2019 and is expected to register a CAGR of 6% during the forecast period. As per the extensive analysis by GMI Research, the industrial valve market will have exponential growth during the forecast period due to the rising demand for flow control equipment and high penetration for industrial valves in oil and gas production across the globe.&nbsp;<\/p>\n<p><a title=\"Request for a free Sample Report on&nbsp;Industrial Valves Market\" href=\"https:\/\/www.gmiresearch.com\/report\/global-industrial-valves-market\/sample-request\" target=\"_blank\" rel=\"noopener\"><strong>Request for a free Sample Report on&nbsp;Industrial Valves Market<\/strong><\/a><\/p>\n<p><strong>Introduction of the Industrial Valve Market<\/strong>&nbsp;<\/p>\n<p>Industrial Valves are also known as mechanical devices that regulate the pressure of liquids and gases running through the pipelines. The liquid flows in a direction from the higher pressure to the lower pressure in an open valve. The industrial valves can be divided based on valve type: check valves, ball valves, gate valves, diaphragm valves, safety valves, plug valves, globe valves, and other types of valves.<\/p>\n<p><strong>Key Players of the Market<\/strong>&nbsp;<\/p>\n<ul>\n<li>Emerson Electric Co.<\/li>\n<li>The Weir Group PLC<\/li>\n<li>Flowserve Corporation<\/li>\n<li>Schlumberger Limited<\/li>\n<li>IMI PLC<\/li>\n<li>Spirax Sarco Limited<\/li>\n<li>Crane Co.<\/li>\n<li>KITZ Corporation<\/li>\n<li>Metso Corporation<\/li>\n<li>Neway Valve<\/li>\n<\/ul>\n<p><strong>Industrial Valve Market Dynamics<\/strong>&nbsp;<\/p>\n<p>The high demand for industrial valves in oil and gas production and the growing demand for flow control equipment globally are the vital factors surging the growth of the&nbsp;global&nbsp;<strong><a title=\"industrial valves market\" href=\"https:\/\/www.gmiresearch.com\/report\/global-industrial-valves-market\/\" target=\"_blank\" rel=\"noopener\">industrial valves market<\/a><\/strong>. The emerging requirement for automation derived from swift industrialization and the extension of existing facilities will further stimulate the expanding demand of the market. Consumers extensively use smart valves having intelligent control systems to enhance efficiency. In parallel, the increased acceptance of smart technologies and diagnostics in industrial valves is creating tremendous growth opportunities for the market. These valves allow the checking of variables such as upstream and downstream pressure steam position, temperature measurement, and flow rate.&nbsp;&nbsp;<\/p>\n<p>As per the<strong>&nbsp;global industrial valves market report<\/strong>, the increasing installation of pipelines and the swift growth in unconventional oil and gas applications, coupled with the constant technological developments in the industrial valves, like introducing smart valves with an integrated embedded processor and network capability, will bring consumers into the market. On the other hand, the fluctuations in the prices of raw materials and the stringent government regulations for conventional power plants will restrain the&nbsp;<strong>global industrial valves market size<\/strong>.&nbsp;<\/p>\n<p><strong>Industrial Valve Market Segmentation<\/strong>&nbsp;<\/p>\n<p><strong>Material Market Drivers<\/strong>&nbsp;<\/p>\n<p>Based on the Material, the cryogenic segment is expected to dominate the market over the forecast period. The&nbsp;extension of&nbsp;oil &amp; gas industries globally and the increasing significance of using cleaner fuels will boost the demand for production and transportation of natural gas, thus surging the segment&#8217;s demand.&nbsp;<\/p>\n<p><strong>Type Market Drivers&nbsp;<\/strong>&nbsp;<\/p>\n<p>Based on valve type, the plug valves segment is expected to rise at a higher CAGR during the forecast period due to its growing adoption for a broad range of flow control and isolation applications, such as sludge, clean and dirty water, sewage cleaning, and other types of services.&nbsp;&nbsp;<\/p>\n<p><strong>Size Market Drivers&nbsp;<\/strong>&nbsp;<\/p>\n<p>Based on the size, the 1-6&#8243; segment is expected to witness a higher CAGR during the forecast period. It is attributed to its robust demand for transportation and energy &amp; power-based applications. Furthermore, the increasing application of these types of valves in energy &amp; power, water &amp; wastewater, water &amp; wastewater, oil &amp; gas, chemical, and other industries will further contribute to the segment growth.&nbsp;&nbsp;<\/p>\n<p><strong>Vertical Market Drivers&nbsp;<\/strong>&nbsp;<\/p>\n<p>Based on the Verticals, the oil &amp; gas segment is anticipated to hold the market during the forecast period. The accelerated production of shale gas and oil sands, followed by the rapid rise in the expenses in natural gas exploration and refineries, is the crucial factor surging the segment growth.&nbsp;&nbsp;<\/p>\n<p><strong>Geographical Drivers&nbsp;<\/strong>&nbsp;<\/p>\n<p>Based on region, Asia-pacific is expected to increase a higher CAGR during the forecast period attributed to the radical rise in the population rate, particularly in developing countries such as India and China, and the swift urbanization. In addition, the high demand for industrial valves amongst the water &amp; wastewater treatment, energy &amp; power, pharmaceuticals, construction, and chemicals sector is further boosting the<strong>&nbsp;industrial valves market share<\/strong>&nbsp;in the region.&nbsp;<\/p>\n<p><strong>Industrial Valve Market Segmentation:<\/strong>&nbsp;<\/p>\n<p><strong>Market Segmentation by Material<\/strong>&nbsp;<\/p>\n<ul>\n<li>Stainless Steel<\/li>\n<li>Cast Iron<\/li>\n<li>Cryogenic<\/li>\n<li>Alloy Based<\/li>\n<li>Others<\/li>\n<\/ul>\n<p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;1. Brass<\/p>\n<p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;2. Bronze<\/p>\n<p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;3. Plastic<\/p>\n<p><strong>Market Segmentation by Valve Type<\/strong>&nbsp;<\/p>\n<ul>\n<li>Ball Valves<\/li>\n<li>Butterfly Valves<\/li>\n<li>Check Valves<\/li>\n<li>Diaphragm Valves<\/li>\n<li>Gate Valves<\/li>\n<li>Standard Plate Gate Valves<\/li>\n<li>Wedge Gate Valves<\/li>\n<li>Knife Gate Valves<\/li>\n<li>Globe Valves<\/li>\n<li>Plug Valves<\/li>\n<li>Safety Valves<\/li>\n<\/ul>\n<p><strong>Market Segmentation by Size<\/strong>&nbsp;<\/p>\n<ul>\n<li>Up to 1&rdquo;<\/li>\n<li>1&ndash;6&rdquo;<\/li>\n<li>6&ndash;25&rdquo;<\/li>\n<li>25&ndash;50&rdquo;<\/li>\n<li>50&rdquo; &amp; Larger<\/li>\n<\/ul>\n<p><strong>Market Segmentation by Industry<\/strong>&nbsp;<\/p>\n<ul>\n<li>Oil &amp; Gas<\/li>\n<li>Water &amp; Wastewater Treatment<\/li>\n<li>Energy &amp; Power<\/li>\n<li>Chemicals<\/li>\n<li>Food &amp; Beverages<\/li>\n<li>Pharmaceuticals<\/li>\n<li>Construction<\/li>\n<li>Agriculture<\/li>\n<li>Pulp &amp; Paper<\/li>\n<li>Metals &amp; Mining<\/li>\n<li>Others<\/li>\n<\/ul>\n<p><strong>Market Segmentation by Region<\/strong>&nbsp;<\/p>\n<p><strong>North America&nbsp;<\/strong><\/p>\n<ul>\n<li>United States of America (US)&nbsp;<\/li>\n<li>Canada&nbsp;<\/li>\n<\/ul>\n<p><strong>Europe<\/strong><\/p>\n<ul>\n<li>United Kingdom (UK)&nbsp;<\/li>\n<li>Germany&nbsp;<\/li>\n<li>France&nbsp;<\/li>\n<li>Spain<\/li>\n<li>Rest of Europe<\/li>\n<\/ul>\n<p><strong>Asia-Pacific&nbsp;<\/strong><\/p>\n<ul>\n<li>China&nbsp;<\/li>\n<li>India&nbsp;<\/li>\n<li>Japan&nbsp;<\/li>\n<li>Rest of APAC&nbsp;<\/li>\n<\/ul>\n<p><strong>RoW<\/strong><\/p>\n<ul>\n<li>Brazil&nbsp;<\/li>\n<li>South Africa<\/li>\n<li>Saudi Arabia&nbsp;<\/li>\n<li>UAE<\/li>\n<li>Rest of world<\/li>\n<\/ul>\n<p><strong>Introduction of GMI Research<\/strong>&nbsp;<\/p>\n<p><strong><a title=\"GMI Research\" href=\"https:\/\/www.gmiresearch.com\/\" target=\"_blank\" rel=\"noopener\">GMI Research<\/a><\/strong> is a market research and consulting firm that provides market insights and intelligence across 12 major sectors, helping our clients make effective investment and business decisions.&nbsp;<\/p>\n<p class=\"tags\">Tags: <a href=\"https:\/\/icrowdnewswire.com\/tag\/global-industrial-valves-market-report\/\" rel=\"tag noopener\" target=\"_blank\">global industrial valves market report<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/tag\/global-industrial-valves-market\/\" rel=\"tag noopener\" target=\"_blank\">Global Industrial Valves Market<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/tag\/industrial-valves-market\/\" rel=\"tag noopener\" target=\"_blank\">Industrial Valves market<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/tag\/global-industrial-valves-market-size\/\" rel=\"tag noopener\" target=\"_blank\">global Industrial Valves Market size<\/a> <\/p>\n<div><strong>See Campaign: <\/strong><a href=\"https:\/\/www.gmiresearch.com\/report\/global-industrial-valves-market\/\" target=\"_blank\" rel=\"noopener\">https:\/\/www.gmiresearch.com\/report\/global-industrial-valves-market\/<\/a><br \/><b>Contact Information:<\/b><br \/>Company Name: GMI RESEARCH Contact Person: Sarah Nash Email: enquiry@gmiresearch.com Phone: Europe \u2013 +353 1 442 8820; US \u2013 +1 860 881 2270 Address: Dublin, Ireland Website: www.gmiresearch.com<\/p>\n<p><b>Tags:<\/b><br \/><a href=\"https:\/\/icrowdnewswire.com\/category\/pr-wirein\/\" rel=\"category tag noopener\" target=\"_blank\">PR-Wirein<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/ips\/\" rel=\"category tag noopener\" target=\"_blank\">IPS<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/menafn\/\" rel=\"category tag noopener\" target=\"_blank\">Menafn<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/news-category\/extended-distribution\/\" rel=\"category tag noopener\" target=\"_blank\">Extended Distribution<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/news-category\/research-newswire\/\" rel=\"category tag noopener\" target=\"_blank\">Research Newswire<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/language\/english\/\" rel=\"category tag noopener\" target=\"_blank\">English<\/a><\/p>\n<\/div>\n<div>\n<h3>Contact Information:<\/h3>\n<p>Company Name: GMI RESEARCH<br \/> Contact Person: Sarah Nash<br \/> Email: enquiry@gmiresearch.com<br \/> Phone: Europe \u2013 +353 1 442 8820; US \u2013 +1 860 881 2270<br \/> Address: Dublin, Ireland<br \/> Website: www.gmiresearch.com<\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Industrial Valves Market was valued at USD 58,200 Million in 2019 and is expected to register a CAGR of 6% during the forecast period. As per the extensive analysis by GMI Research, the industrial valve market will have exponential growth during the forecast period due to the rising demand for flow control equipment and high [&hellip;] <a href=\"https:\/\/ipsnews.net\/business\/2021\/12\/02\/industrial-valve-market-worth-value-usd-58200-million-in-2019\/\" class=\"more-link\">Continue Reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":291,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-181514","post","type-post","status-publish","format-standard","hentry","category-press-release"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Industrial Valve Market worth value USD 58,200 Million in 2019 - Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/ipsnews.net\/business\/2021\/12\/02\/industrial-valve-market-worth-value-usd-58200-million-in-2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Industrial Valve Market worth value USD 58,200 Million in 2019 - Business\" \/>\n<meta property=\"og:description\" content=\"Industrial Valves Market was valued at USD 58,200 Million in 2019 and is expected to register a CAGR of 6% during the forecast period. 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