The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The global industrial valves market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the global market to grow at a CAGR of 7.6% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
Industrial valves are electromechanical devices used to regulate the flow and pressure of a liquid, gas, vapor, powder and slurry in a piping system. These valves comprise the body, trim, discs, seats, stem packing, end connectors, sealing rings, bonnet shell, union bolts, yoke and yoke nut, and operators and actuators. They help stop the flow rate through the pipe whenever required, prevent flow return to the pressurized side and protect equipment from overpressure hazards. Different types of industrial valves are presently available in the market based on their sizes, designs, functions and operations. These valves find extensive applications in the refinery, chemical, pharmaceutical, water & wastewater treatment, food and beverage (F&B), power, and oil & gas sectors worldwide.
Rapid industrialization, in confluence with the increasing automation in industrial processes, represents one of the key factors impelling the market growth. Apart from this, the rising number of oil and gas (O&G) exploration activities in offshore areas, coupled with the increasing energy demand, is acting as another major growth-inducing factor. Additionally, expanding nuclear power stations and petroleum refining plants is bolstering the market growth. Moreover, the rising pipeline installations and escalating demand for monitoring and controlling them from a centralized location are influencing the market positively. Furthermore, the integration of smart control systems and the rising adoption of diagnostics in industrial valves help monitor upstream and downstream pressure stem position, temperature and flow rate. This, along with the escalating demand for monitoring municipal wastewater flow, is also contributing to the market growth. The growing traction of renewable energy sources for generating electricity is anticipated to drive the market in the coming years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global industrial valves market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product type, functionality, material, size and end use industry.
Breakup by Product Type:
Breakup by Functionality:
Breakup by Material:
Breakup by Size:
Breakup by End Use Industry:
Breakup by Region:
The report has also analysed the competitive landscape of the market with some of the key players being 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 and Velan Inc.
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at