About Valve-
A valve is a mechanical device used to regulate, control, or redirect the flow of fluids (liquids, gases, or slurries) within a system. It typically consists of a movable element, such as a disk, ball, or plug, which can be positioned to obstruct, throttle, or allow the flow through a passage. Valves are crucial components in various industrial, commercial, and residential applications, including pipelines, water treatment plants, HVAC systems, process industries, and household plumbing. Valves come in a wide range of types, sizes, and designs to suit different operating conditions and requirements, from simple manually operated valves to sophisticated automated valves equipped with sensors and actuators for remote control and monitoring. Valves ensure the safe, efficient, and reliable operation of fluid systems across various industries and applications
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 6.2% |
Companies operating in this sector range from multinational corporations to smaller regional players, each offering a wide range of valve products catering to various industries and applications. With the increasing integration of automation, digitalization, and smart technologies driving convergence with adjacent industries such as process control, instrumentation, and industrial automation, market consolidation through mergers, acquisitions, and strategic partnerships is another prominent feature of the competitive landscape as companies seek to expand their product portfolios, geographic reach, and market share. Overall, the valve industry remains fiercely competitive, characterized by constant innovation and evolving customer demands as companies strive to maintain their competitive edge in a rapidly changing global market Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Valve- market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Emerson Electric Co. (United States), Schlumberger Limited (United States), ALFA LAVAL (Sweden), Flowserve Corporation (United States), KITZ Corporation (Japan), Spirax Sarco Limited (United Kingdom), Schlumberger Limited (United States), Goodwin International Ltd. (United Kingdom), Honeywell International Inc. (United States) and General Electric Company (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are AVK Holding A/S (Denmark), Crane Fluid Systems (United States), Rotork (United Kingdom), IMI Critical Engineering (United States) and Controls Supply Chain B.V. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Valve- market by Type (Pressure Reducing Valves, Safety/Relief Valves, Control Valves, Globe Valves, Plug Valves, Gate Valves, Ball Valves, Butterfly Valves, Diaphragm Valves and Others), Application (Oil & Gas, Chemicals, Construction, Mining, Water & Waste Water Treatment and Others) and Region.
On the basis of geography, the market of Valve- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Increased demand for environmentally friendly valve solutions
Market Growth Drivers:
Growing focus on efficient water management and conservation measures and Investments in infrastructure projects influencing demand for valves
Challenges:
Lack of standardized valve specifications and interoperability
Restraints:
Rising raw material prices, labour costs, and regulatory compliance expenses
Opportunities:
Advancements in valve technology, control systems, and monitoring capabilities.
Market Leaders and their expansionary development strategies
In May 2023, Hawle Austria Group, a premier manufacturer of high-quality heavy-duty valves, announced the acquisition of the valve manufacturing division of McWane India. This acquisition represents a significant milestone for Hawle, enabling the company to expand its product portfolio and strengthen its market position in India's thriving valve industry.
In September 2023, Bürkert unveiled specialized solenoid valves designed specifically for use in hydrogen fuel cell systems. These valves are engineered to meet the unique performance and safety requirements of hydrogen-powered applications, ensuring reliable operation and optimal efficiency
Key Target Audience
Industrial Manufacturers, Sellers and Suppliers, Government Agencies, Regulatory Bodies, Potential Investors, Research and Development Institutes, End User Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.