Industrial Valves Market 2021 Global Business Trends, Historical Analysis, Industry Key Strategies, Size-Share, Future Demand, Key Regions, Leading Players Updates and Forecast to 2030

In a recent published report, Kenneth Research has updated the market report for Industrial Valves Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Industrial Valves Market products.

Kenneth Research, in its repository of market research reports, have recently added a report on Industrial Valves Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2021 2030. The Industrial Valves Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017.

On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017. Moreover, backed by the increasing demand for high-speed internet amongst the individuals, organizations operating in the field of telecom are increasingly working on deploying 5G network technology, as this technology provides internet access at very high speeds. By 2025, it is estimated that as many as 1.2 billion of total internet connections will account to 5G. Further, one-third of the world is projected to be covered with 5G connectivity by the end of 2030.

Kenneth Research has published a detailed report on Payment Security Industrial Valves Market, which has been categorized by market size as well as growth indicators, and further encompasses detailed market analysis on macro trends and region-wise growth in North America, Latin America, Europe, Asia-Pacific and Middle East & Africa region. The report also includes the challenges that are affecting the growth of the industry and offers strategic evaluation that is required to boost the growth of the market over the period of 2021-2025.

By Material Type (Cast Iron, Steel, Cryogenic, Alloy Based), Size, Valve Type (Ball, Butterfly, Gate, Globe, Check, Plug), Industry (Oil & Gas, Water & Wastewater, Energy & Power) and Regional Market Size, Status and Forecast to 2025.

Final Report will add the analysis of the impact of COVID-19 on this industry.

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Market Overview:
The global Industrial Valves Market was valued at USD 67.34 billion in 2016 and is projected to reach USD 92.42 million by 2025, growing at a CAGR of 3.58% from 2017 to 2025. 
Industrial valves are involved in variety of factories and manufacturing units. With increasing end user demands and demand of consumer goods, the market is expected to grow in the forecast period at a high CAGR.

Market Dynamics:
1. Market Drivers
1.1 Increasing requirement of Oil and Gas production related facilities in Gulf corp. Council Countries
1.2 High demand of Energy fuel in APAC
1.3 Increasing focus on Smart cities in emerging economies
1.4 Revenue shift in industry
1.5 Increasing demand of Automation for monitoring and maintenance

2. Market Restraints
2.1 Lack of Standardization in Certifications and Policies
2.2 Slowdown in Oil & Gas and Mining Industries
2.3 Downtime Due to Repairing of Valves
2.4 Lack of Product Differentiation 
Market Segmentation:
1. Global Industrial Valves Market, by Valve Type:
1.1 Ball Valve Market 
1.2 Butterfly Valve Market 
1.3 Gate Valve Market 
1.4 Globe Valve Market 
1.5 Plug Valve Market 
1.6 Diaphragm Valve Market 
1.7 Safety Valve Market

2. Global Industrial Valves Market, by Material Type:
2.1 Steel 
2.2 Cast Iron 
2.3 Alloy Based
2.4 Cryogenic 
2.5 Others

3. Global Industrial Valves Market, by Industry:
3.1 Oil & Gas 
3.2 Water & Wastewater 
3.3 Energy & Power 
3.4 Chemical 
3.5 Food & Beverages 
3.6 Pharmaceutical 
3.7 Building and Construction 
3.8 Others

4. Global Industrial Valves Market, by Size:
4.1 Up to 1” 
4.2 1”–6” 
4.3 6”–25” 
4.4 25”–50” 
4.5 50” & Above

5. Global Industrial Valves Market, by Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America) 
5.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. AVK Holding A/S 
2. Avcon Controls Pvt Ltd 
3. Cameron – Schlumberger 
4. Crane Co. 
5. Emerson 
6. Flowserve Corporation 
7. Forbes Marshall 
8. IMI PLC. 
9. Kitz Corporation 
10. Metso Corporation 
11. Neway Valves (Suzhou) Co., Ltd. 
12. Pentair PLC 
13. Velan Inc. 
14. Samson AG
15. The Weir Group, PLC
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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Research study on the Industrial Valves Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

To know more about the research methodology of verified market research and other aspects of the research study, kindly get in touch with our sales team.

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