The ongoing industrialization in developing countries such as India and continued growing adoption of latest technology valves in process manufacturing units in developed countries are the key drivers for the industrial valve market.On the basis of end-use verticals, the market has been segmented into oil & gas, energy & power, chemicals, food and beverages, water and wastewater treatment, pulp and paper, construction, and others.
The growing investments for capacity expansion in the oil & gas sector in the Middle East and Africa, and the rise in demand for maintenance operations in refineries boost the demand for Industrial Valves Market in the oil & gas sector.
However, the energy & power industry is estimated to register the highest CAGR during the forecast period.The major players constantly focus on growth strategies such as strategic partnerships, mergers, acquisitions, and product launches to enhance their product offerings and expand their market reach.
For instance, in 2018, Trelleborg Sealing Solutions partnered with LB Bentley to develop a medium duty rotary gate valve.
This valve is based on stem sealing technology that reduces the risk of contamination and failure.Get Free Sample Report of Industrial Valve Market Research Report – Global Forecast till 2023 @ https://www.marketresearchfuture.com/sample_request/7536Key playersThe key players profiled in the industrial valve market research report are Emerson (US), Schlumberger Limited (US), IMI PLC (US), Flowserve Corporation (US), Weir Group (UK), Crane Co. (US), AVK Holding A/S (Denmark), Kitz Corporation (Japan), Neway Valve (Suzhou) Co., Ltd (China), and Conbraco Industries Inc. (US).
The other prominent players in the in the industrial valve market are Samson AG (Germany), Velan Inc. (Canada), Forbes Marshall (India), Dwyer Instruments, Inc. (US), Avcon Controls (India), Dwyer Instruments (US), PR Valves LLC (US), and Danfoss A/S (Nordborg).Segmental AnalysisThe global industrial valve market is segmented on the basis of type, material, and end-use verticals.The types of industrial valve market available in the market are ball valves, butterfly valves, check valves, gate valves, globe valves, pinch valve, and plug valves.