The Middle East region is increasingly expected to transform from a raw goods supplier to a refined product provider. This changing trend would be corroborated with the increase in the number of manufacturing and process industries.
Pune, India -- (SBWIRE) -- 08/01/2016 -- The report "Middle East and Africa Industrial Valves Market by Closure Type (Quarter Turn, Multi Turn and Others), by Function (Control, Isolation, Check and Others), by Type (Ball, Globe, Plug and Others) and by Application (Oil & Gas, Chemical, Municipal, Power and Mining) - Global Trends & Forecasts to 2019", defines and segments the industrial valves market with analysis and forecasts of market size for the Middle East and Africa industrial valves market. It also identifies driving and restraining factors for the industrial valves market with analysis of trends, opportunities and challenges.
Browse 60 market data tables and 19 figures spread through 160 pages and in-depth TOC on "Middle East and Africa Industrial Valves Market Global Trends & Forecasts to 2019"
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Industrial valves are devices used for flow regulation and control in piping systems. Valves are used to regulate, start and stop, or control the direction of a fluid or gas, flowing through the piping system. The industrial valves market has been segmented on the basis of its application in industries viz. Oil & gas, Chemical, Municipal, Power, and Mining and others.
The Middle East market is also expected to grow at a fair pace in the next half a decade. The demand for industrial valves is expected to be driven by the increasing industrial expansions. The industrial expansions in this region are expected be a direct result of the changing role of the Middle East region, from a raw goods provider to a refined products supplier. High growth of the desalination industry in this region is also expected to be one of the key growth factors driving the demand for industrial valves.
The African market is expected to be one of the fastest growing markets in the next five years. The oil & gas and power application industry growth is expected to drive the demand for industrial valves in Africa. Water and wastewater application demand as well as petrochemical industry demand would also boost the demand for industrial valves in Africa.
The Middle East and Africa valve market is estimated to reach $10 Billion by 2019,with a projected CAGR of 5.7% in the next half a decade. Africa is expected to be one of the emerging markets for industrial valves. The increase in demand for oil & gas and power industry applications in this region is the prime driver for market growth.
The leading players in industrial market include Pentair Ltd. (Switzerland), Flowserve Corporation (U.S.), Emerson Electric (U.S.), FMC technologies (U.S.), and Alfa Laval AB (Sweden). The companies are continually investing in R&D to introduce valves to suit the growing technological requirements in the application industries.
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