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Industrial Valves Market estimated to reach worth $85.19 billion by 2023

The industrial valve market is expected to grow from USD 70.53 billion in 2018 to USD 85.19 billion by 2023, at a CAGR of 3.96% between 2018 and 2023. The key factors driving the growth of this market include the increased need for industrial valves from oil and gas production-related facilities in GCC countries, elevated energy demand in APAC, smart city development initiative across the world, high demand for predictive maintenance techniques from manufacturing industries, and stringent environmental and safety regulations to make the energy sector more resilient.<br>• Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=256097136<br><br>Emerson (US), Cameron – Schlumberger (US), IMI PLC (US), Flowserve (US), and Weir Group (UK) are among a few major players in the industrial valve market.<br>

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Industrial Valves Market estimated to reach worth $85.19 billion by 2023

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  1. Industrial Valves Market is expected to grow from USD 70.53 billion in 2018 to USD 85.19 billion by 2023

  2. About our Report • The industrial valve market is expected to grow from USD 70.53 billion in 2018 to USD 85.19 billion by 2023, at a CAGR of 3.96% between 2018 and 2023. • The key factors driving the growth of this market include the increased need for industrial valves from oil and gas production-related facilities in GCC countries, elevated energy demand in APAC, smart city development initiative across the world, high demand for predictive maintenance techniques from manufacturing industries, and stringent environmental and safety regulations to make the energy sector more resilient. • A few tier I players in this market have started offering IoT-enabled valves and solutions. As of 2017, key industry players, such as Metso (Finland) and Emerson Electric Company (US), have introduced IoT in their industrial valve products and services and are striving to push their adoption in the market. However, by 2020–2022, tier II players from this industry would also integrate these technologies to offer reliable and connected valves to every end-user industry.

  3. Inside of Report • Browse: • 98 market data Tables • 63 Figures spread through 188 Pages • in-depth TOC on “Industrial Valves Market - Global Forecast to 2023”. Download PDF Brochure:- https://www.marketsandmarkets.com/pdfdownload.asp?id=256097136 The industrial valve market in Asia Pacific (APAC) accounted for the largest share of the overall market in 2017 is expected to grow at the highest CAGR during the forecast period. Major factors driving the growth of the valve market in APAC include increasing population and rising focus of emerging economies on investing in industries such as energy & power, oil & gas, water & wastewater treatment, chemicals, and construction in which industrial valves are used.

  4. Major Players • Emerson (US), • Cameron – Schlumberger (US), • IMI PLC (US), • Flowserve (US), and • Weir Group (UK)

  5. Table of Content Table of Contents 1 Introduction (Page No. - 16)    1.1 Study Objectives     1.2 Definition     1.3 Study Scope            1.3.1 Markets Covered           1.3.2 Geographic Scope           1.3.3 Years Considered    1.4 Currency     1.5 Limitations     1.6 Market Stakeholders 2 Research Methodology (Page No. - 20)    2.1 Research Data            2.1.1 Secondary Data . 14 Appendix (Page No. - 182)     14.1 Discussion Guide      14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal      14.3 Available Customizations      14.4 Related Reports      14.5 Author Details

  6. Summary The industrial valve market is expected to grow from USD 70.53 billion in 2018 to USD 85.19 billion by 2023, at a CAGR of 3.96% between 2018 and 2023. The key factors driving the growth of this market include the increased need for industrial valves from oil and gas production-related facilities in GCC countries, elevated energy demand in APAC, smart city development initiative across the world, high demand for predictive maintenance techniques from manufacturing industries, and stringent environmental and safety regulations to make the energy sector more resilient. Among all applications, the oil & gas industry is expected to account for the largest size of the industrial valve market during the forecast period. Recent uptrend in the oil & gas industry has boosted the demand for and increased the production of oil and gas in the Middle East and North America. Growing production of oil sands and shale gas fuels the demand for industrial valves in North America, and the increased investments in natural gas exploration and refineries are likely to boost the demand for these valves during the forecast period. Additionally, technological advancements and the adoption of more innovative valves for oil and gas transportation are the major factors that are likely to have a positive impact on the industrial valve market growth.

  7. Get detail of this Report ? We at MarketsandMarkets, are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. For More Information :- https://www.marketsandmarkets.com/Market-Reports/industrial-valve-market-256097136.html Contact:Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441

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