Marketsandmarkets has just published a new report that predicts that the industrial valve market could be worth $70 billion by 2019. The report called, “Industrial Valves Market by Type (Ball, Globe, Butterfly and Others) by Application (Oil & gas, Chemical, Municipal, Power and Other) and by Region (North America, Latin America, Middle East and Africa, Asia-Pacific and Europe) – Global Trend & Forecast to 2019” defines and segments the industrial valves market with analysis and forecasts of market size for the global industrial valves market. It also identifies driving and restraining factors for the industrial valves market with analysis of trends, opportunities and challenges.
Browse 72 market data tables and 89 figures spread through 180 pages and in-depth table of contents on Industrial Valves Market – Global Trend & Forecast to 2019.
The Industrial Valves Market is expected to grow at a fair pace in the next half a decade. The demand for industrial valves is expected to be driven by significant expansions in the oil & gas, municipal, and power sector. One of the fast growing markets for industrial valves is the Middle East and Africa region. Demand for valves in Middle East is expected be a direct result of its changing role in the global manufacturing scenario; From a raw goods provider to a refined products supplier. The oil & gas and power application industry growth is expected to drive the demand for industrial valves in Africa. Water and wastewater industry demand as well as expanding downstream oil & gas sector in key countries like India and China would boost the demand for industrial valves in Asia-Pacific. One of the significant factors limiting growth of industrial valves is the waning demand from mining industry. Key markets such as Australia and South Africa have been experiencing slowdown in mining sector, ensuing decreased demand for valves.