North America Industrial Valve Market – Growth & Forecast (2024

North America Industrial Valve Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

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 machine-driven devices which support in controlling the flow as well as the pressure of slurries, fumes, liquids in the system and these are also known as regulators. Industrial valve is which used in industries that vary in size, role, design, and so on. From time to time the esteemed pre-transistor vacuum tube is stated as a valve.

North America Industrial Valve Market Segments Size & Growth:

North America 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 rising demand for energy in APAC region, 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 North America industrial valve market.

North America Industrial Valve Market Segments Share:

North America industrial valve market is characterised into 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

North America 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

is classified into up to 1inch, 1inch-6inch, 6inch-25inch, 25inch-50inch, and >50inch. Depending on the 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, U.S. is dominating the growth of the industrial valve market leading the growth in North America industrial valve market because of increasing demand for transportation. Mexico is witnessing the second largest growth during the forecast period, due to growing industries.

North America Industrial Valve Market Segments Trends:

In February 2018, Curtiss Wright Corporation has acquired Dresser-rad Government Business subsidiary of Siemens AG to expand shipment and grow footprints in the U.S.
In April 2016, Cameron International Corporation has acquired Schlumberger to enhance

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North America 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

the manufacturing tools more efficient.

In July 2015, Alfa Laval Group acquired niche to expand the business in spare parts and services.

North America 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 global 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:

Saint-Gobain
Fischer (Georg) Limited
CIRCOR International Incorporated
Cameron International Corporation
Bröer Holding GmbH
AVK Holding A/S
Hitachi Limited
Curtiss-Wright Corporation
Emerson Electric Company

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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