The global industrial valves market size was valued at USD 72.3 billion in 2022 and is poised to grow at a significant CAGR of 4.2% during the forecast period 2023-29. It also includes market size and projection estimations for each of the five major regions from 2023 to 2029. The research report includes historical data, trending features, and market growth estimates for the future. Furthermore, the study includes a global and regional estimation and further split by nations and categories within each region. The research also includes factors and barriers to the industrial valves market growth, as well as their impact on the market's future growth. The report gives a comprehensive overview of both primary and secondary data.
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The global industrial valves market segmentation:
1) By Product Type: Ball Valves, Butterfly Valves, Gate Valves, Glove Valves, Plug Valves, Check Valves, Diaphragm Valves, Safety Valves, Others.
2) By Material Type: Cast Iron, Stainless Steel, Cryogenic, Alloy Based, Others.
3) By Valve Size: Up to 1, 1-6, 6-25, 25-50, 50 and above.
4) By Application: Oil and Gas, Chemicals, Food and Beverages, Pharmaceuticals, Water and Waste Water Treatment, Energy and Power, Building and Construction, Others.
The primary factors of the industrial valves market drivers are the growing demand from the power and chemical industry. The industrial valves market report helps to provide the best results for business enhancement and business growth. It further helps to obtain the reactions of consumers to a novel product or service. It becomes possible for business players to take action for changing perceptions. It uncovers and identifies potential issues of the customers. It becomes easy to obtain the reactions of the customers to a novel product or service. It also enlightens further advancement, so it suits its intended market.
The industrial valves market research report gives a comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Europe was the largest region in the industrial valves market report, accounting for the highest share in 2021. It was followed by Asia Pacific, and then the other regions.
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The important profiles and strategies adopted by industrial valves market key players are AVK Holding A/S Emerson Electric Company Weir Group Plc. Curtiss Wright Corp. IMI Plc. Flowserve Corporation Velan Inc. General Electric Company Honeywell International Inc. Pentair Ltd. Lagerstedt & Krantz AB Alfa Laval AB Circor International Ltd. SPX Corporation Watts Water Technologies, Inc. Parker Hannifin Corporation Nibco, Inc. Crane Co. covered here to help them in strengthening their place in the market.
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