Middle East and Africa Industrial Valve Market - Size
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
Valves are power-driven systems which regulators the flows as well as the pressure of gases, liquids in the device and these are well-known as regulators. Industrial valve is which used in industries which are shifting from size, function, design, and so on.
The Middle East & Africa Industrial Valve Market Segments Size & Growth:
The Middle East & Africa Industrial Valve market is accounted for $XX billion in 2017 and expected to grow at a CAGR of XX% to reach $XX billion by 2024 during the forecast period 2018-2024. Major factors that are driving the industrial valve market is because of the growing demand for smart cities in emerging countries, manufacturing facilities in oil & gas industries has been increasing, and rise in automation in manufacturing industries. Furthermore, lack of policies, product differentiation, and reduction of oil & gas industry are hampering the growth of the Middle East & Africa industrial valve market.
The Middle East & Africa Industrial Valve Market Segments Share:
The Middle East & Africa industrial valve market is characterised by material type which consists of steel, cast iron, alloy-based, cryogenic, and some other. Steel valves are designed to permit high fluid flow with minor friction loss which is recommended for heavy liquids. By size, it is classified into up to 1inch, 1inch-6inch, 6inch-25inch, 25inch-50inch, and >50inch. Depending on the
Middle East and Africa Industrial Valve Market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
application the size of the valve varies to have flexibility as well as a reduction in pressure. Globe valve and the Ball valve is the major segment in the type of valve due to the increase in oil & gas, chemical, wastewater & water, and various other industries. By product, it is categorised into the quarter turn, multi-turn, automatic regulators & control valve, and some others. Linear motion valves or multi-turn valves works under linear displacement usually by rotating thread stem many times. While quarter valve will rotate up to 0-90 degrees like a ball valve, butterfly, plug, and spherical valve. Oil & gas application is the largest segment because of the pipeline installations, monitoring and controlling.
By Geography, South Africa is dominating the growth of the industrial valve market leading the growth in the Middle East & Africa industrial valve market due to the increase in oil & gas and industrialisation. The Middle East is witnessing the growth during the forecast period, due to growing demand for transportation.
The Middle East & Africa Industrial Valve Market Segments Trends:
- In April 2016, Cameron International Corporation has acquired Schlumberger to enhance the manufacturing tools more efficient.
- In February 2018, Curtiss Wright Corporation has acquired Dresser-rad Government Business subsidiary of Siemens AG to expand shipment and grow footprints in the
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Middle East and Africa Industrial Valve Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
U.S.
In July 2015, Alfa Laval Group acquired niche to expand the business in spare parts and services.
The Middle East & Africa Industrial Valve Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and the Middle East & Africa diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The Major Key Players are:
- Curtiss-Wright Corporation
- AVK Holding A/S
- Bröer Holding GmbH
- Weir Group Plc
- Alfa Laval AB
- Danfoss A/S
- Fischer (Georg) Limited
- Cameron International Corporation
Along with these companies, there were many other companies considered/cited in the report while analysing the Industrial Valve market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
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