The global valves market to grow steadily at a CAGR of 6.8% between 2017 and 2025. This will result in the market to reach a valuation of US$108,950.3 mn by 2025 increasing from US$60,906.3 mn in 2016.
Albany, NY -- (SBWIRE) -- 03/06/2018 -- The global valves market is treading growth with industrial expansion and automation of industrial units in developing economies. Valves are used to control the flow of fluids and gases in number of industries. They control the flow of fluids and gases to prevent them escaping or leaking from pipes or pipeline systems.
This report provides an analysis of the global valves market for the period from 2015 to 2025, wherein the period from 2017 to 2025 comprises the forecast period and 2016 is the base year. It also highlights various drivers, restraints, and opportunities expected to influence the market's growth during this period. The study provides a complete perspective on the valves market growth in terms of revenue in US$ Mn and volume in Mn units, across different geographical regions namely North America, Europe, Asia Pacific, Middle East & Africa and South America.
Global Valves Market: Market Dynamics
Global valves market is experiencing growth owing to the factors such as increase in investments in industrial infrastructure projects around the globe, particularly in emerging economies. In addition, rise in pipeline sector has fueled the growth of global valves market. Usage of valves in water and wastewater management plants has increased in the recent past, thus, increasing the adoption of valves.
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Waste and Waste Water Treatment held Significant Share in 2016
On the basis of industry, the global valves market is segmented into oil and gas, power, chemicals, marine, construction, pulp and paper, waste and wastewater treatment, mining, and others. Valves are integral component of these industries, thus expanding industrial activities is expected to boost the demand for different types of valves. In 2016, waste and waste water treatment industry contributed the leading revenue of almost 21% to the global market. With the rising number of water treatment plants across the world, the demand for different types of valves is on the rise. Valves are used in water treatment plants for several applications such as water faucets control, water flow control, and water flow distribution.
On the other hand, oil and gas industry is expected to expand at a CAGR of 6.68% for the forecast period between 2017 and 2025. However, with increasing application of valves in areas such as fluid and gas pressure control, and temperature control among others, the demand for valves is expected to be on the rise in mining, chemicals, and pulp and paper industries.
Rise in Natural Gas Production Boosts Demand for Valves in North America
The global valves market has been segmented into the regional segments of North America, Asia Pacific, Europe, the Middle East and Africa, and South America. The regional market of North America, among these, is primarily driven by increasing demand for pipeline infrastructure. The rising natural gas production in the region from shale formations has spurred the growth of pipeline construction thus propelling the growth of the North America valves market. In addition, trends of mergers and acquisitions among manufacturers and suppliers of valves in the region is having a positive impact on the valves market in this region.
The valves market in Europe receives ample growth opportunities from the mining industry. Product innovation and design improvements in existing products is presenting favorable growth opportunities to the valves market in Europe. This is because several governments in the region are taking initiatives to help small and medium-sized businesses in the development of newer products.
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Asia Pacific valves market is mainly driven by the rising demand for valves in manufacturing sector.
Some of the key players operating in the global valves market include AVK Holding, Cameron- Schlumberger, Emerson, Forbes Marshall, IMI Plc., Samson AG, Rotork Plc, General Electric Company, Flowserve Corporation, Goodwin International Ltd, and KITZ Corporation.
Market Segmentation: Global Valves Market
By Product Type
Pressure Reducing Valves
Oil & Gas
Coal & Oil
Pulp & Paper
Water & Waste Water Treatment
In addition, the report provides analysis of the valves market with respect to the following geographic segments:
Rest of North America
Rest of Europe
Asia Pacific (APAC)
Rest of Asia Pacific
Middle East and Africa (MEA)
United Arab Emirates (U.A.E.)
Rest of MEA
Rest of South America
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