Global Valves- Market Overview:
Valves are mechanical devices designed to control the flow of fluids (liquids, gases, or slurries) by opening, closing, or partially obstructing passages. They are essential components in various systems across industries such as oil and gas, water treatment, power generation, chemical processing, and more. Increasing investments in infrastructure development projects, including construction, water supply and treatment, and utilities, especially in emerging economies, contribute to the demand for valves used in pipelines, HVAC systems, and other applications.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Rising Adoption of Remote Monitoring and Control Solutions, Driven by the Need for Real-Time Visibility and Control Over Valve Performance
Market Growth Drivers:
Rapid Industrialization and Urbanization in Emerging Economies and Growth of Various Industries Such as Oil and Gas, Water and Wastewater Treatment, Chemicals, Pharmaceuticals, and Power Generation Drives the Valve Market
Challenges:
Compliance With Evolving Regulatory Standards and Requirements Poses Challenges for Valve Manufacturers, Particularly Concerning Environmental Regulations, Safety Standards, and Industry-Specific Certifications
Restraints:
The High Initial Investment Can Deter Potential Buyers, Particularly in Industries Facing Budget Constraints
Opportunities:
Advancements in Valve Technologies Such as Smart Valves and Remote-Controlled Valves Improve Efficiency, Reliability, and Safety, Driving their Adoption across Various Industries
Competitive Landscape:
Manufacturers focus on developing unique features, materials, or technologies that set their valves apart from competitors. This includes superior durability, enhanced performance, or innovative designs. In addition, companies offer exceptional customer service, technical support, and after-sales service to differentiate themselves in the market.
Some of the key players profiled in the report are Emerson Electric Co. (USA), Flowserve Corporation (USA), Schlumberger Limited (USA), AVK Group (Denmark), IMI plc (United Kingdom), Shipham Valves (United Kingdom), KITZ Corporation (Japan), Velan Inc. (Canada), Alfa Laval AB (Sweden), Crane Co. (USA) and Pentair Valves and Controls (USA). Analyst at AMA Research see USA Manufacturers to retain maximum share of Global Valves- market by 2030. Considering Market by End-Use Industry, the sub-segment i.e. Oil & Gas will boost the Valves- market. Considering Market by Material, the sub-segment i.e. Stainless Steel will boost the Valves- market. Considering Market by Type , the sub-segment i.e. Ball Valves will boost the Valves- market.
Latest Market Insights:
In October 2023, AVK Holding A/S acquired 100% interest in the Bayard and Belgicast Groups, known for their hydrants, gate valves, butterfly valves, pressure control, and regulation valves.
In April 2023, Shipham Valves launched its latest line of triple-offset butterfly valves. This new valve series boasts a host of exceptional design features, including swift quarter-turn operations for rapid opening and closing. It also sports a consistent profile around the conical sealing face, ensuring airtight and efficient sealing.
The International Organization for Standardization (ISO) develops international standards for various industries, including valve manufacturing and performance. ISO 9001 specifies quality management system requirements, while ISO 5208 provides testing and inspection standards for industrial valves.
What Can be Explored with the Valves- Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Valves- Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Valves-
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Valves- market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Valves- market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Valves Manufacturers, Raw Material Suppliers, Potential Venture Capitalists and Investors, Research and Development Institutes, Market Research & Consulting Firms, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.