Growing Exploration and Production Activities in Oil and Gas Sector to Provide Robust Impetus to Industrial Valves Market


Published Date : Aug 21, 2017

ALBANY, New York, August 21, 2017 –MarketResearchReports.biz has announced the addition of a new report, titled “Global Industrial Valves Detailed Analysis Report 2017–2022”, to its offering. The report on the global industrial valves market offers a comprehensive reports of the key drivers and restraints, major technological advancements, the scope of prominent segments, industry chain structure, and vendor landscape. The research presents an elaborate assessment of the size of various segments, revenue share accounted by key players, and emerging opportunities over the forecast period of 2017 to 2022. The study evaluates the demand in various end-use industries such as chemicals, oil and gas, food and beverages, pharmaceuticals, and building and construction.

The report takes a closer look at major consumer preferences and analyzes key factors shaping the competitive dynamics in various regions such as Europe, Asia Pacific, and North America. It offers in-depth insights into recent product innovations by various players to meet a variety of specialized requirements across manufacturing and processing operations.

The demand for durable and reliable performance in a variety of industrial applications that require controlling the flow and pressure of fluids and gases is a key factor driving the industrial valves market. The rapid pace of industrialization in various developing and developed countries is driving the evolution of the market. The rising demand for various types of valves such as ball valves, butterfly valves, glove valves, plug valves, and gate valves is boosting the market. In addition, the burgeoning process industries in major regions is anticipated to boost the demand for valves. Furthermore, the demand for automation in manufacturing plants is anticipated to accentuate the market.  

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The escalating demand for energy world over has led to a rising number of exploration and production activities in the oil and gas sector, which has propelled the demand for new equipment and machinery. This is a key factor expected to boost the industrial valves market. The need for valves to control machine functions and improve equipment performance in a variety of rigorous and demanding industrial environments is bolstering the demand for industrial valves. The vastly rising in petroleum refining activities in developed and developing regions is likely to open up exciting opportunities for manufactures and vendors in the coming years.

The vastly rising capacity addition in nuclear power plants in several countries is likely to open up new avenues in the industrial valves market. Stringent regulations on controlling emission from industries is expected to boost the demand for valves. The growing number of water treatment plants and the need for improving water infrastructure are key trends expected to provide a fillip to the industrial valves market.

Key players vying for a significant share in the industrial valves market include Spirax Sarco, Samson AG, Velan Inc., Neway Valves, Forbes Marshall, Flowserve, Emerson, Crane Co., Cameron Schlumberger, Avcon Controls Private Limited, and AVK Holding A/S.

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