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Global Industrial Valves Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast to 2028

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Global Industrial Valves Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast to 2028

Global Industrial Valves Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast to 2028

  • Published Date: 09 Apr 2021
  • Report ID: M&E 0021
  • Pages:184
  • Base Year: 2019
  • Format: PDF
  • Historical Data: 2016-2019

The Industrial Valves market is anticipated to grow with a CAGR of 12.3% over the forecast period of 2019-2028. Industrial valves are devices that are widely used to regulate the flow of liquids, gases, and slurries in the manufacturing processes. These valves are fixated in the pipes and other passageways in the manufacturing units, which help in partially blocking the openings and closings. The rising demand for industrial valves in various industries and the growing need for smart valves to control flow are expected to be some major factors driving the market intensely.

Top Driver: Increasing Demand For Valves in Oil and Gas, Wastewater and other Insutries to drive the market

The Industrial Valves are quite important components used in the oil and gas industries since they help to maintain the flow of various liquids and gases. The oil and gas industries are growing their focus on developing pipeline systems for gas delivery. Hence these industries are expected to anticipate the use of valves in the market extensively. Furthermore, this industry is considered to be an important source and hence is further expanding across various regions, ultimately leading the industrial valves market towards growth. Moreover, the growing advancements in the wastewater management also demand the wide use of smart and controlled valves contributing to the market growth.

However, stringent government regulations and various fluctuations among costs for raw materials could be some factors that could hamper the market widely. Also, the growing concerns to avoid usage of renewable resources such as coal may also be a restraint for the industrial valves market.

Ball Valves Market is Expected to Contribute to the Market Extensively

Based on the type, the industrial valves market is segmented into ball valves, butterfly valves, check valves, diaphragm valves, and others. The ball valves are expected to hold the largest share in the market owing to their capability to seal the openings better as compared to the other valves. Furthermore, these valves provide better shut down in systems such as hydraulic systems. Also, the ball valves are known to be available in various sizes, that could be fit to the diameters of different pipes widely. Other segments such as butterfly valves and diaphragm valves are also used widely after the ball valves.

 Based on end-users, the global Industrial Valves market has been segmented as oil and gas, Energy & Power, Chemicals Water & Wastewater Treatment, Metals & Mining, Food & Beverages and Others. The oils and gas industry counted for th largest share, followed by wastewater management and later by chemicals segment.

The Rising Demand for Develpoment in Manufacturing and R&D Processes in Asia Pacific to Contribute to the Growth of the Market

The Asia Pacific held the highest market share in the industry due to the growing development in the research and development activities in various industries across the region. Furthermore, the strong presence of various key players in the region could be a driving factor for the market. Also, the rising initiatives taken for the safety of the workers working in the industries such as chemicals and oil and gas, smart valves are widely being implicated in the region. Europe accounted for the second-largest share in the market and Noth America was considered to grow at a high CAGR in the market.

Players to Focus on Application of New Technology in the Market

The global Industrial Valves market is expected to grow with a significant CAGR due to presence of various companies including Emerson Electric, Pentair PLC, Flowserve Corporation, Cameron International, Camtech Manufacturing FZCO, KSB AG, CIRCOR International, Delta-Pacific Valves Ltd., Goodwin PLC and GWC Valve International Inc. among others.

Emerson:  The company announced Remote Assistance that used the Augmented Reality (AR) technology to assist the workers for immediate response to the issues occurring in industrial valves in April 2020.

Furthermore, Emerson went with mergers and acquisitions to improve its position in the market. For instance, Advanced Engineering Valves which is a leading company involved in innovative valve technology from Belgium was acquired by Emerson in December 2018.

Scope of the Report

By Type

  • Ball Valves
  • Butterfly Valves
  • Diaphragm Valves
  • Check Valves
  • Plug Valves
  • Globe Valves

By Material

  • Steel
  • Cryogenic
  • Alloy Based
  • Iron
  • Others

By End-User

  • Oil & Gas
  • Energy & Power
  • Chemicals
  • Water & Wastewater Treatment
  • Metals & Mining
  • Food & Beverages
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Key Reasons to Purchase this Report

  1. It provides a technological development map over time to understand the growth rate of the industry.
  2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
  3. It renders definite analysis for changing competitive dynamics.
  4. It builds a seven-year estimate based on how the market is predicted to grow.

Chapter 1 Overview And Scope

1.1 Market Vision

1.1.1 Market Definition

1.1.2 Market Scope

1.2 Market Segmentation

Chapter 2 Our Research Practice

2.1 Our Research Methodology

2.2 Data Triangulation

2.3 Data Sources

2.4 Assumptions for the study

2.5 Approach Adopted

Chapter 3 Executive Summary

3.1 Market Snapshot

3.2 Regional Snapshot

3.3 Segment Summary

Chapter 4 Covid-19 Impact Analysis

4.1 Overview

4.2 Prevalence analysis

4.3 Key Factor Impact Analysis

Chapter 5 Global Smart Manufacturing Market Forces

5.1 What’s Driving the Market

5.2 Porter’s Five Forces Analysis

5.2.1 Power of Suppliers

5.2.2 Threats From New Entrants

5.2.3 Power of Buyer

5.2.4 Threat From Substitute Product

5.2.5 Degree of Competition

Chapter 6 Global Smart Manufacturing Market -Industry Snapshots

6.1 Overview

6.1.1 Global Smart Manufacturing Market Value, 2019 – 2028, (US$ Bn)

6.2 Market Overview

6.2.1 Drivers Analysis

6.2.2 Restraint/Challenges analysis

6.2.3 Opportunity Analysis

6.3 Supply Chain/Value Chain Analysis

6.4 Market SWOT Analysis

Chapter 7 Global Smart Manufacturing Market Analysis, by Technology

7.1 Overview

7.2 Key Findings for Smart Manufacturing Market- By Technology

7.2.1 Smart Manufacturing Market- Supervisory Controller and Data Acquisition (SCADA)

7.2.2 Smart Manufacturing Market- Manufacturing Execution System (MES)

7.2.3 Smart Manufacturing Market- Programmable Logic Controller (PLC)

7.2.4 Smart Manufacturing Market- Distributed Control System (DCS)

7.2.5 Smart Manufacturing Market- Enterprise Resource and Planning (ERP)

7.2.6 Smart Manufacturing Market- Product Lifecycle Management (PLM)

7.2.7 Smart Manufacturing Market- Human Machine Interface (HMI)

Chapter 8 Global Smart Manufacturing Market Analysis, by Component

8.1 Overview

8.2 Key Findings for Smart Manufacturing Market- By Component

8.2.1 Smart Manufacturing Market- Robotics

8.2.2 Smart Manufacturing Market- Communication Segment

8.2.3 Smart Manufacturing Market- Control Device

8.2.4 Smart Manufacturing Market- Sensor

8.2.5 Smart Manufacturing Market- Machine Vision Systems

Chapter 9 Global Smart Manufacturing Market Analysis, by End User

9.1 Overview

9.2 Key Findings for Smart Manufacturing Market- By End User

9.2.1 Smart Manufacturing Market- Oil and Gas

9.2.2 Smart Manufacturing Market- Automotive

9.2.3 Smart Manufacturing Market- Pharmaceutical

9.2.4 Smart Manufacturing Market- Chemical and Petrochemical

9.2.5 Smart Manufacturing Market- Metals and Mining

9.2.6 Smart Manufacturing Market- Food and Beverage

Chapter 10 Smart Manufacturing Market Analysis by Region

10.1 Key Findings for Smart Manufacturing Market- By region

10.2 Overview

10.2.1 Global Smart Manufacturing Market Analysis, By Technology, 2019 – 2028

10.2.2 Global Smart Manufacturing Market Analysis, By Component, 2019 – 2028

10.2.3 Global Smart Manufacturing Market Analysis, By End User, 2019 – 2028

10.3 Smart Manufacturing Market – North America

10.3.1 Overview

10.3.2 U.S.

10.3.3 Canada

10.3.4 Mexico

10.3.5 North America Market, By Technology

10.3.6 North America Market, By Component

10.3.7 North America Market, By End User

10.4 Smart Manufacturing Market – Europe

10.4.1 Overview

10.4.2 Germany

10.4.3 United Kingdom

10.4.4 France

10.4.5 Italy

10.4.6 Rest Of Europe

10.4.7 Europe Market, By Technology

10.4.8 Europe Market, By Component

10.4.9 Europe market by, End User

10.5 Smart Manufacturing Market – Asia Pacific

10.5.1 Overview

10.5.2 China

10.5.3 Japan

10.5.4 India

10.5.5 Rest of APAC

10.5.6 Asia Pacific Market, By Technology

10.5.7 Asia Pacific Market, By Component

10.5.8 Asia Pacific Market, By End User

10.6 Smart Manufacturing Market – LAMEA

10.6.1 Overview

10.6.2 Middle East & Africa (MEA)

10.6.3 Latin America

10.6.4 Rest Of World

10.6.5 Latin America, Middle East and Africa Market, By Technology

10.6.6 Latin America, Middle East and Africa Market, By Component

10.6.7 Latin America, Middle East and Africa Market, By End User

Chapter 11 Market Competition Analysis

11.1 Market Share/Positioning Analysis

11.1.1 Market Positioning of Key Vendors, 2019

11.1.2 Key Strategies Adopted by the Leading Players

11.1.3 Recent Developments

Chapter 12 Company Profiles- Snapshot

12.1 ABB

12.1.1 Business Fundamentals

12.1.2 Financial Snapshots

12.1.3 Product Portfolio

12.1.4 Recent Developments

12.2 Rockwell

12.3 Emerson Electric

12.4 Schneider

12.5 Siemens

12.6 IBM

12.7 General Electric

12.8 Honeywell

12.9 Texas Instruments Incorporated

12.10 Mitsubishi Electric Corporation

*More than 10 Companies are profiled in this Research Report*

*Financials would be provided on a best efforts basis for private companies”

Chapter 13 Appendix

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