Global Industrial Valves Market report from Global Insight Services is the single authoritative source of intelligence on Industrial Valves Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Industrial valves are used to regulate, direct or control the flow of liquids, gases, or other materials in industrial piping systems. Valves may be operated manually, by electricity, or by fluid pressure. They are classified into different types according to their function and structure.
The most common types of industrial valves are ball valves, butterfly valves, check valves, gate valves, and globe valves. Ball valves are used to control the flow of liquids or gases by means of a ball that is rotated to open or close the valve. Butterfly valves are used to regulate the flow of liquids or gases by means of a disk that is rotated to open or close the valve. Check valves are used to prevent the backflow of liquids or gases by means of a flap that is opened or closed by the flow of the fluid. Gate valves are used to control the flow of liquids or gases by means of a gate that is opened or closed by a handwheel. Globe valves are used to regulate the flow of liquids or gases by means of a plug that is rotated to open or close the valve.
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Key Trends and Drivers
Some of the key trends in the Industrial Valves Market are:
- The trend towards the development of more sophisticated and specialized valves.
- The trend towards the use of more environmentally friendly materials in valves.
- The trend towards the development of more automated valves.
- The trend towards the development of more reliable and durable valves.
Restraints & Challenges
The major restraints for the industrial valves market are the need for a large investment for the replacement of existing valves and the stringent regulations for the approval of new valves. The major challenges for the industrial valves market are the increasing preference for the use of alternative technologies and the need for constant innovation to keep up with the changing customer requirements.
Market Segments
By Material Type
- Cast Iron
- Steel
- Alloy-Based
- Others
Key Players
- AVK Holding A/S
- Avcon Controls
- Schlumberger Limited
- Crane Co.
- Emerson Electric Co.
- Flowserve Corporation
- Forbes Marshall
- IMI plc
- Metso Corporation
- The Weir Group plc
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