What is Bronze Valves Market?
Bronze valve is a device that controls the flow of liquid or gas. It is used for the transmission of gasses or liquid and storage. Additionally, it has the usage in building construction. The valve is made of copper alloy which contains zinc tin and lead. From these material Zinc alloy gets separated and the metal corrodes. However, bronze valve contains small amount of Zinc which prevents it from corroding. This feature is creating a high demand in industrial and commercial use which is propelling the market of bronze valve.
The market study is being classified by Type (Gate Valves, Globe Valves, Check Valves and Ball Valves), by Application (Commercial and Industrial) and major geographies with country level break-up.
NIBCO (United States), Johnson Valves (United Kingdom), Powell Valves (United States), Dixon Valve (United States), Oswal industries (India), LK Valves (Sweden), Tecofi (France), ADG Valve (Canada), KITZ (Japan) and Williams Valve (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Pima Valve (United States), Flomatic Valve (United States), Milwaukee Valve (United States) and Simmons Manufacturing (United States).
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Bronze Valves market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Bronze Valves market by Type, Application and Region.
On the basis of geography, the market of Bronze Valves 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Construction Activities in Developing Countries
- Feature of Less Corrosion and Durability is Fueling the Growth of this Market
Market Trend
- Innovation of Technology for Valves
- Increasing Domestic Demand for Bronze Valves
Restraints
- High Costs Associated with the Bronze Valve
Opportunities
- Increasing Oil and Gas Exploration Activities
- Rising Research and Development Activities
Challenges
- Presence of Substitute Products Which are Available in Lesser Costs
- High Competition Due to the Presence of Major Players
Market Leaders and some development strategies
In March 2019, Hunt valve company has acquired Montreal bronze limited which is a specialty valve engineering and manufacturing company. This acquisition will help in strategic deployment of capital in US navy drive of 355 ship fleet.
In 2018, NCI Canada has launched ball, gate, globe and check valves in class 150 and 300 models. This models are lunched to meet MSS-SP80 standards.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations