VALVES MARKET ANALYSIS

Valves Market, By Product Type (Pressure Reducing Valves, Safety/Relief Valves, Control Valves, Globe Valves, Plug Valves, Gate Valves, Ball Valves, Butterfly Valves, Diaphragm Valves, Other Valves), By Industry (Oil & Gas (LNG, Petroleum (Upstream, Midstream, Downstream and Petrochemical)Power(Fossils(Coal & Oil, Natural Gas, Nuclear Power and Other))Power, Chemicals, Marine, Construction, Pulp & Paper, Mining, Water & Waste Water Treatment and Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa)

Published In : Aug 2023
Code : CMI3606
Pages :130
Formats :
Excel and PDF
Industry : Industrial Automation and Machinery

Valves MarketSize and Trends

Global Valves market is estimated to be valued at US$ 68.17 Bn in 2022 and is expected to grow at a CAGR of 6.8% during the forecasted period (2023-2030)

Global Valves Market- Trends

Rise of Smart Valves: The integration of IoT technology and digital connectivity into valves has given rise to smart valves. These valves can provide real-time data, remote monitoring, and automated control, enabling more efficient and predictive maintenance, reducing downtime, and optimizing industrial processes.
Sustainable and Eco-Friendly Valves: With increasing environmental concerns, there was a trend towards the development of more sustainable and energy-efficient valves. Manufacturers were focusing on eco-friendly materials and designs to reduce emissions and minimize environmental impact.