Industrial Valve Market is predicted to expand at a compounded annual growth rate (CAGR) of 7.5% during the forecast period of 2022-2030

• The industrial valve market is predicted to expand at a compounded annual growth rate (CAGR) of 7.5% during the forecast period of 2022-2030.
• In process industries, industrial valves are electromechanical devices that are primarily used to smoothly and efficiently direct, regulate, and control liquids, vapors, gases, slurries, powders, and other substances.
• The main body, stem packing, end connectors, trim, discs, seats, sealing rings, yoke and yoke nut, bonnet shell, union bolts, operators, and actuators are typically included in these valves. They serve to shield equipment from overpressure risks and stop flow return to the pressurized side. The market today offers a wide range of industrial valves that differ in size, operation, purpose, and design.

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Growth Drivers:

• Over the past few years, the number of water supply and sanitation projects has increased more quickly in developing nations all over the world. Additionally, there has been a significant increase in the oil and gas industry's investments in pipeline infrastructure for downstream uses.
• The market for industrial valves as a whole is driven by the increased demand for valves for the transfer of steam, chemical products, etc., which is increased by the installation of high-pressure pipelines. Additionally, the power industry has recently seen a sharp increase in demand for industrial valves for a variety of uses, including feed pump recirculation, boiler starts, steam conditioning, and turbine bypass.
• Moreover, additional factors like the growing need to monitor the flow of municipal wastewater, the rapidly growing global food and beverage processing industry, the use of artificial intelligence (AI) and the internet of things (IoT) in manufacturing processes
• The increasing number of offshore oil and gas (O&G) exploration activities, the increasing integration of smart control systems, the increasing automation in industrial processes

Industrial Valve Market Segmentation:

By Function:

o???On-off/Isolation

o???Control

By Material:

o???Steel

o???Cast Iron

o???Cryogenic

o???Alloy Based

o???Others

o???Brass

o???Bronze

o???Plastic

By Type:

·?????????Ball Valves

o???Trunnion Mounted Ball Valves

o???Floating Ball Valves

o???Rising Stem Ball Valves

·?????????Butterfly Valves

o???Zero Offset Butterfly Valves

o???Double Offset Butterfly Valves

o???Triple Offset Butterfly Valves

·?????????Check Valves

·?????????Diaphragm Valves

·?????????Gate Valves

o???Standard Plate Gate Valves

o???Wedge Gate Valves

o???Knife Gate Valves

·?????????Globe Valves

·?????????Plug Valves

·?????????Safety Valves

By Size:

·?????????Up To 1”

·?????????1-6”

·?????????6-25”

·?????????25-50”

·?????????50” and Larger

By End-user Industry:

·?????????Oil & Gas

·?????????Water & Wastewater Treatment

·?????????Energy & Power

·?????????Food & Beverages

·?????????Chemicals

·?????????Building & Construction

·?????????Pulp & Paper

·?????????Pharmaceuticals & Healthcare

·?????????Metals & Mining

·?????????Agriculture

·?????????Others

By Region:

·?????????North America

·?????????Europe

·?????????Asia Pacific

·?????????Latin America

·?????????Middle East and Africa

Key Companies in Industrial Valve Market:

The research report offers a competitive analysis of prominent companies operating in the global industrial valve market. Some of the leading players profiled in the market research report include:

·?????????Forbes Marshall

·?????????Metso Corporation

·?????????The Weir Group plc.

·?????????Conbraco Industries Inc

·?????????Neway Valve Co. Ltd.

·?????????Kitz Corporation

·?????????IMI Plc.

·?????????Avcon Controls Private Limited

·?????????Schlumberger Limited

·?????????Crane Co.

·?????????Emerson Electric Co.

·?????????Flowserve Corporation

·?????????AVK Holdings A/S

·?????????Other Players

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