Jun 20, 2017   SOURCE: BusinessWire

Industrial Valves Market by Material Type, Size, Valve Type, Industry & Geography - Global Forecast to 2023 - Research and Markets

Research and Markets has announced the addition of the "Industrial Valves Market by Material Type (Cast Iron, Steel, Cryogenic, Alloy Based), Size, Valve Type (Ball, Butterfly, Gate, Globe, Check, Plug), Industry (Oil & Gas, Water & Wastewater, Energy & Power), and Geography - Global Forecast to 2023" report to their offering.

The industrial valves market is expected to be valued at USD 84.30 Billion by 2023, growing at a CAGR of 3.6% between 2017 and 2023.

The growing demand for oil & gas production-related facilities in the GCC countries and high demand for energy in APAC are expected to generate a higher demand for industrial valves. The key restraining factors for the growth of the industrial valves market are high cost of fabrication, downtime due to repairing of valves, and slowdown in oil & gas and mining industries.

The industrial valves market for the oil & gas industry is expected to account for the largest market share by 2023as a result of increasing oil & gas projects, replacement of structurally obsolete valves, and continuous increasing demand from oil & gas industries from emerging economies.

The industrial valves market for energy & power is expected to grow at the highest rate during the forecast period. The energy & power industry is expected to contribute significantly in the industrial valves market due to the increased power consumption in the APAC region and large application of valves in hydro and thermal power generation plant. Industrial valves are also used in nuclear power plants, especially in processes such as feed water, cooling water, chemical treatment, and steam turbine control systems.

Companies Mentioned

  • AVK Holding A/S
  • Avcon Controls Pvt Ltd
  • Cameron - Schlumberger
  • Crane Co.
  • Emerson
  • Flowserve Corporation
  • Forbes Marshall
  • IMI PLC.
  • Kitz Corporation
  • Metso Corporation
  • Neway Valves (Suzhou) Co., Ltd.
  • Pentair PLC
  • Velan Inc.
  • Samson AG
  • The Weir Group, PLC
  • Spirax-Sarco Engineering PLC

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Industrial Valve Market, By Material Type

8 Industrial Valve Market, By Valve Type

9 Industrial Valve Market, By Size

10 Industrial Valves Market, By Industry

11 Geographic Analysis

12 Competitive Landscape

13 Company Profiles

14 Appendix

For more information about this report visit http://www.researchandmarkets.com/research/58559h/industrial_valves