ReportsnReports published a research report on “Industrial Valves Market With COVID-19 & Oil Price Crisis Impact Analysis By Function (On-off/Isolation, Control), Material, Type, Size, End-User (Oil & Gas, Energy & Power, Water & Wastewater Treatment), and Region” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2025.
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The Global Industrial Valves Market size was valued at USD 48.1 Billion in 2020 and is projected to reach USD 85.7 Billion by 2025. It is expected to grow at a CAGR of 12.3% during the forecast period.
Top Companies Profiled in the Industrial Valves Market:
- Emerson (US)
- Cameron – Schlumberger (US)
- Flowserve (US)
- IMI Plc. (UK)
- Metso (Europe)
- SpiraxSarco (UK)
- Crane Co. (US)
- KITZ Corporation (Japan)
- Trillium Flow Technologies (UK)
- BRAY International (US)
Valves sized up to 1” and 1” to 6” together account for a larger share of the overall industrial valves market in 2019. A similar trend is likely to be observed during the forecast period. This growth can be attributed to the rising adoption of these valves in various critical and severe service applications in multiple industries, such as oil & gas, energy & power, water & wastewater treatment, chemicals, food & beverages, and pulp & paper.
Energy & power end-use industry is expected to witness the highest CAGR during the forecast period. In the energy & power industry, there is a strong need to develop infrastructure to balance the future demand for energy. This trend is creating an opportunity for manufacturers to design and develop their products as per the requirements and standards of the industry.
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Breakdown of primary participants’ profile:
- By Company Type: Tier 1-56%, Tier 2–23%, and Tier 3-21%
- By Designation: C-Level Executives-75%and Managers-25%
- By Region: North America-40%, Europe-23%, APAC-26%,and RoW -11%