Global Industrial Valves Market_2018-2028F

1. Published: December 2020 Published: March 2021 Published: April 2021 2015 – 2025 2018 – 2028 GLOBAL INDUSTRIAL VALVES MARKET FORECAST AND OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING

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14. Product Overview

15. Product Overview Scope of Report: Industrial Valves Industrial valves are tools for controlling the flow of liquids, gases, and slurries. These valves can be used to regulate the flow of liquids or gases. This can be accomplished by opening, closing, and partially obstructing pipes and other channels. Basically, valves are mechanical tools used to regulate flow and pressure inside a system or process. They are crucial parts of any piping system used to transport fluids, gases, vapours, and slurries, etc. BY APPLICATION • Oil & Gas • Refinery • Chemical • Water • Wastewater Effluent • Power Generation • Agriculture • Mining • Others Market Segmentation BY VALVE TYPE GLOBAL INDUSTRIAL VALVES MARKET • Globe Valve • Ball valve • Butterfly valve • RSV Gate Valve • Wedge Gate Valve • Check Valve • Diaphragm Valve • Knife Gate Valve • Automatic Control Valve • Pinch Valve • Float Valve • Air Valve • Others Review Period 2018 – 2021 Base Year 2022 Estimated Year 2023 Forecast Period 2024 – 2028 Year Range BY REGION • North America • Europe • Asia-Pacific • Middle East & Africa • South America BY MATERIAL TYPE • Steel • Alloy Based • Cast Iron • Cryogenic • Others BY PRODUCT • Multi-turn Valve • Quarter-turn Valve • Others

16. Product Overview Product of Interest: Industrial Valves • BY VALVE TYPE: • Globe Valve- A globe valve is different from ball valve. It is a type of valve which is used for regulating flow in a pipeline and is generally spherical in shape. The automated globe valves use smooth stems rather than threaded and are opened and closed by an actuator assembly. • Ball Valve- Ball valve is also a form of quarter-turn valve used to control flow through a pipeline. It is open when the ball's hole is in line with the flow and closed when it is pivoted 90-degrees by the valve handle. It is used in water flow management and boilers. • Butterfly Valve- It is a quarter-turn valve. These valves are fully closed or fully open, depending upon the direction of the quarter turn. They are used in the automotive sector for automobiles and gas engines. • Resilient Seal Gate Valve- These valves are most widely used for water and wastewater treatment plants. The resilient seal gate valve is called for in 90 percent of waterworks applications in Europe. They are a type of gate valve and are used to control the flow of fluids or gases in the required structure. • Wedge Gate Valve- The gate valve incorporates a unique feature, which is the sealing surfaces between the gate and seats are planar. Gate valves are used when the flow requires a linear and minimum restriction path. Depending upon requirement of the flow, the gate valve can be wedge-shaped, Knife or Resilient seal gate. They are used in water and wastewater treatment plants. • Check Valve- These valves are also known as clack valve, non-return valve, reflux valve, retention valve or one-way. Check valve permits the flow in only one direction. Check valves usually have two openings in the body. The two ports enable the entry and exit of the fluid through the valve. Check valves are used in a wide variety of applications in various industries. Check valves are generally small and inexpensive. Their automation is automatically, and they are mostly not controlled by a person or any external control. Most of the valves do not have any handle or stem.

17. Product Overview Product of Interest: Industrial Valves • Diaphragm Valve- Diaphragm valves are also called membrane valves, as they consist of a valve body with two or more ports, a diaphragm, and a seat upon which the diaphragm closes the valve called saddle or weir. The diaphragm valves are widely used in industrial applications as well as in the chemical industry by using suitable materials that can withstand sanitizing and sterilizing methods. • Knife Gate Valve-Knife gate valves are primarily made for isolation and on-off services in systems with high suspended particles contents. Along with handling viscous, corrosive, and abrasive media, knife gate valves are particularly useful when handling slurry. These valves are cost-effective, easy to operate, and have a minimal pressure drop in the completely open position. • Automatic Control Valve- Automatic control valves regulate a fluid's flow or pressure. Typically, they respond to signals sent by separate gadgets like temperature gauges. By opening, closing, or partially obstructing numerous passages, they control the flow of a fluid. • Pinch Valve- Pinch valves use pinching effect for effective management of fluid flow. Pinch valves are fully ported valves and offer cost-effective and easy maintenance fluid flow solutions to industrial valves user across the globe. Air-operated pinch valve is a type of pinch valves that uses pressurized air supply for performing fluid flow control operations. • Float Valve- It is also known as ball tap and ballcock valve and in most cases has ball like shape. Float valve has a lever that is used for connecting hollow sealed float with the valve, which is attached to inbound water stream and rises with the rising fluid in the system. Once the lever is pushed, the valve facilitates the flow of fluid and closes the system once fluid leaves the system for refilling the system. It is majorly used in water tanks, flush toilets, etc., and mitigates backflow and overflow of fluid from the system. • Air Valve- These valves are automatic control valves and do not require an external power source. In air valves, the fluid pressure operates the opening and closing of the valve. An air-operated valve is a type of power operated valve that uses air pressure against a piston or diaphragm to produce linear or circular movement to operate a valve. Types are 2-way, 3-way and 4-way. • Other Valves: Other Valves includes Safety & Relief valves, Plug valves, etc.

18. Research Methodology

19. Research Methodology Data Validation Data Analysis Market Profiling Data Collection Formulating Questionnaire Developing List of Respondents In-depth secondary research was conducted to determine top companies, overall market size and segmental market size in Global Industrial Valves Market. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about Global Industrial Valves Market. TechSci conducted interviews with industry experts and leading companies for data collection and verification. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. List of leading companies and industry specialists was developed. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. Data Filter & Analysis Data Collection Research & Intelligence Actionable Insights Business Solution Primary Research Desk Research Company Analysis • Recent Developments • Market Changing Aspects/Dynamics • Government Policies • Conclusion • Market Participants • Key Strengths • Identifying Key Opinion Leaders • Questionnaire Design • In-depth Interviews Primary Research Secondary Research Paid Sources • LinkedIn • TechSci Internal Database • Company Websites • Company Annual Reports • White Paper Study • Financial Reports • Investor Presentations • Regulatory Body • Factiva • Hoovers • EMIS

20. Research Methodology • Baseline Methodology Our dedicated team of industry experts has monitored and analysed various aspects of Global Industrial Valves Market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as increasing demand for valves from healthcare and pharmaceuticals industries, rising need for connected networks to maintain and monitor industrial equipment, rising adoption of automation technologies in process industries etc. with the projected growth during the forecast period. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in Global Industrial Valves Market. Methodology Followed for Calculation of Market Size: • Market Size by Value: Market size, in terms of value, for the year 2022 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders and industry experts. Company revenues for historical and base year were also considered while evaluating the market size. • The team interviewed more than 20 companies, 50 industry experts, and other value chain stakeholders in Global Industrial Valves Market to obtain the overall market size during 2018-2022, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data for 2018-2022.

21. Research Methodology • Respondents were asked about the current and future market growth rates, as well as market shares by valve type, by material type, by application, by product, by region, and by company. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders depending upon the component. Methodology Followed for Calculation of Market Shares: • Market shares by valve type, by material type, by application, by product, by region, and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares of the leading manufacturers. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Moreover, respondents were asked about the leading companies operating and their competitive structure in Global Industrial Valves Market. Methodology Followed for Forecasting: TechSci Research performed periodical checks on data collected through the surveys with logical checks and analyzed the survey results.

22. Research Methodology • Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast Global Industrial Valves Market, TechSci Research used various forecast techniques such as: Moving Average Time Series Analysis Regression Analysis Econometric and Judgmental Analysis TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium, and long-term period to estimate and analyze market demand scenario. Note: (a) Sum of some shares may not be 100% due to round off till two decimal places. (b) The market data for 2022 is actual only for 6 months (Jan 2022-June 2022), for rest 6 months (July 2022- Dec 2022), the data is estimated.

23. Industry Brief Adoption of Smart Valves Control Systems & rising of the industrial sector in the nations are driving the Global Industrial Valves Market. According to TechSci Research report, “Global Industrial Valves Market - By Region, Competition, Forecast & Opportunities, 2028”. The current investments and trend of polymer technologies in industries are expected to drive the market growth of industrial valves in the upcoming years, leading to an expected healthy expansion of the industrial valves market. Industrial valves are devices for controlling the flow of gases, liquids, and slurries. You may use these valves to regulate the flow of gases or liquids. To do this, pipes and other routes can be partially blocked, closed, and opened. The flow and pressure inside a system or process are controlled by valves, which are essentially mechanical devices. Every pipe system that transports liquids, gases, vapors, slurries, etc. must include them as vital components. Authorities today must put up a lot of effort to provide residents with a variety of services. As a result, the valves sector has significant development potential. Across the globe, governments are spending more to give every household necessity like gas and clean water. To deliver fresh water, new water treatment plants are being built. Gas delivery to both residential and non-residential properties is now possible with the introduction of many new pipeline projects. Industrial valves are more frequently employed to control the flow of gas through distribution systems. To accommodate this rise in demand, the government and major oil and gas businesses are searching for additional reservoirs. In turn, it will help the nation's market for industrial valves to expand. The need for industrial pumps and other enhanced regulating devices is also increasing because of the government and other businesses establishing numerous new power-producing facilities. Based on valve type, the globe valve is the leading segment in the global industrial valves market with a market share of 21.4% in 2022 and followed by the Ball Value with a market share of 20.45% in 2022. The Globe Valve is in the lead because it is the most widely used industrial valve and permits fluid circulation during a process. With the primary purposes of halting, beginning, and controlling flow, its flexibility is a crucial component in the market for industrial expansion and linear motion valves. The discs of a globe valve could totally seal or completely obstruct the flow route. The cooling water, fuel oil, feedwater, chemical feed, condenser air extraction, and drain systems are the most typical applications for Globe valves. That flow needs to be managed by substantial applications in cooling water systems. Since the discs and seats are easily replaceable or repaired, the leading valve requires minimal care. Therefore, globe valves are appropriate for applications that require frequent valve maintenance, and they are widely employed to control flow. The flow control pressure drop range needs to be considered while designing the valve to avoid early failure and offer adequate service. Valve trim must be developed for optimal high-differential pressure throttling. In terms of regional analysis, the global industrial valves Market is segmented into North America, South America, the Middle East & Africa, Asia- Pacific & Europe. Asia Pacific region leads the industrial valve with a market share of 36.71% in 2022 and followed by Europe with a market share of 23.02% in 2022. The industrial valve market offers attractive potential in the Asia Pacific Region, which is home to the majority of emerging nations like India, Vietnam, Indonesia, and others. China is investing heavily in coal-to-liquid technologies throughout Asia-Pacific. The need for industrial valves in the area is rising because of processes like carbon sequestration, shale gas advancements, and the development of several coal-fired facilities in China. Developing nations like China and India are growing their power capacity to meet the rising demand for energy. Nuclear power facilities in the area also employ industrial valves in addition to electricity plants. Large local government investment in the pharmaceutical, healthcare, life sciences and biotechnology industries has also contributed to the growth of Asia's biopharmaceutical companies. The need for industrial valves is expected to increase as a result of these expectations for industrial expansion, which is expected to substantially fuel market growth. Using thermoplastics and polymer technologies to manufacture valves, especially butterfly valves, is a recent trend that is catching hold all around the world. Customers all over the world desire valves that can offer high-strength mechanical qualities and are well-suited to activities involving water. As a result, the production of technologically superior valves is a focus for valve manufacturers worldwide. This market is expected to expand throughout the projected period. Key market players in the global industrial valve market include Emerson Electric Co., Flowserve Corporation, Alfa Laval Corporate AB, Crane Co, IMI Plc, Schlumberger N.V. (Schlumberger Limited), Baker Hughes Company, MRC Global Inc., KITZ Corporation, The Weir Group PLC “Global industrial valve installation is anticipated to increase as a result of investments in pipeline infrastructure for downstream applications in the oil and gas industry. Additionally, it is anticipated that rising healthcare device output and pharmaceutical sector R&D expenditures would boost the market for industrial valves. Therefore, these factors are fuelling the market growth of the Global Industrial Valves Market in the upcoming years”, Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting organization.

24. Sample Data - Snapshot Global Industrial Valves Market Size, By Value (USD Million) & By Volume (Million Units), 2018-2028F CAGR 2018-2022 By Value: xx% By Volume: xx% CAGR 2023E-2028F By Value: xx% By Volume: xx% Asia-Pacific Industrial Valves Market Share, By Value , By Valve Type, 2018-2028F North America Industrial Valves Market Share, By Product, By Value, 2018-2028F

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26. About Us & Disclaimer TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Related Reports • India Industrial Valves Market By Type (Globe Valve, Ball Valve, Check Valve, Butterfly Valve, Gate Valve, Others), By Industry (Oil & Gas, Power Generation, Wastewater Effluent, Chemicals & Petrochemicals, Food & Beverages, Others), By Region, Competition, Forecast & Opportunities, 2028 • Global Industrial Services Market By Type (Engineering & Consulting, Operational Improvement & Maintenance and Installation & Commissioning), By Application (Distributed Control System (DCS), Supervisory Control and Data Acquisition (SCADA), Valves & Actuators, Electric Motors & Drives, Manufacturing Execution System (MES) and Others), By Industry (Chemicals, Aerospace & Défense, Automotive, Pharmaceuticals, Metals & Mining and Others), By Company and By Geography, Forecast & Opportunities, 2028 • Saudi Arabia Industrial Valves Market By Product (Quarter-turn Valve, Multi-turn Valve, Others) By Valve Type (Globe, Ball, Butterfly, Wedge Gate, Knife Gate, Check, Diaphragm, Pinch, Resilient Seal Gate & Others) By Material Type (Cast Iron, Steel, Cryogenic, Alloy Based, Others) By Application (Oil & Gas, Refinery, Chemical, Water, Wastewater Effluent, Power Generation, Agriculture, Mining & Others) By Function (Isolation, Regulation, Safety Relief Valve, Special Purpose, Non-Return) By Region, Competition Forecast & Opportunities, 2028 TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1- 646- 360- 1656 Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Europe 54, Old brook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Asia-Pacific B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@techsciresearch.com www.techsciresearch.com Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and firsthand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.