Industrial Valve market

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Industrial Valve Market Research Report By
Forecast 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Industrial Valve Market Forecast To 2023
Industrial Valve Market Forecast To 2023

• According to the report by Market Research Future
  (MRFR), the global industrial valve market is
  poised to register a market valuation of USD
  90.77 billion by 2023, at a moderate CAGR of
  4.53, over the forecast period.

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Industrial Valve Market Forecast To 2023
Taste the market data and market information
presented through more than 50 market data tables
and figures spread in 100 numbers of pages of the
project report. Avail the in-depth table of
content TOC market synopsis on Industrial Valve
Market Forecast To 2023

• The global industrial valve market is expected to
  witness this remarkable growth owing to several
  driving factors such as the rapid
  industrialization taking place in the developing
  countries across the globe. In addition, the
  continual advancements to increase the output in
  the process manufacturing units contribute
  towards the increasing demand for technologically
  advanced industrial valves over the review period.

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Industrial Valve Market Forecast To 2023
Global Industrial Valve Market Segmented on the
basis of
The global industrial valve market is segmented
on the basis of type, material, and end-use
verticals. The types of industrial valves
available in the market are ball valves,
butterfly valves, check valves, gate valves,
globe valves, pinch valve, and plug valves. The
ball valves segment is expected to reach a
substantial market share over the review period,
owing to the increading adoption of ball valves
in the oil and gas sector. In addition, the plug
valves segment is slated to record the highest
growth rate over the assessment period, due to
the increasing demand from chemical
companies. The materials used in the market are
alloy-based, brass, cast iron, cryogenic,
stainless steel, and others. The cryogenic
material segment is poised to register the
fastest growth rate due to their property of
superior functionality in both, low temperature
and under high pressure settings. Consequently,
this is expected to drive the demand for
cryogenic plug valves in industries such as oil
and gas, and chemicals over the review period.
The end-user industry verticals that contribute
towards the demand of industrial valves are
chemicals, construction, energy power, food and
beverages, oil gas, pulp and paper, water and
wastewater treatment, and others.
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Industrial Valve Market Forecast To 2023
Global Industrial Valve Market - Geographical
Analysis

• On the basis of region, the market has been
  segmented into Asia Pacific, Europe, North
  America, and the rest of the world.
• North America is assessed as the largest regional
  market for industrial valves and is expected to
  record the largest market share over the review
  period. This is attributed to the established
  industry verticals such as oil and gas, energy
  and power, chemicals, among others, are
  contributing towards the robust demand for
  industrial valves. Moreover, the presence of
  established industrial verticals is also expected
  to fuel the demand, and consequently the market
  share for industrial valves in North America over
  the assessment period.
• The Asia Pacific market for industrial valves is
  projected to record the fastest growth rate and a
  substantial market share over the review period.
  This is attributed to the rise in power
  generation, owing to the population growth and
  rapid industrialization in the emerging economies
  in the region,

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Industrial Valve Market Forecast To 2023
Global Industrial Valve Market - Competitive
Analysis

• The key market players identified by MRFR
  include AVK Holding A/S (Denmark), Conbraco
  Industries Inc. (US), Crane Co. (US),Emerson
  (US), Flowserve Corporation (US), IMI PLC (US),
  Kitz Corporation (Japan), Schlumberger Limited
  (US), Neway Valve (Suzhou) Co., Ltd. (China), and
  Weir Group (UK).

• Browse Report _at_ https//www.marketresearchfuture.c
  om/reports/industrial-valve-market-7536

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