Africa Industrial Valves Market growth to Grow with a robust CAGR through to 2028

Need for replacement and upgradation of aging infrastructure, the expansion of the oil and gas industry are expected to drive the Africa Industrial Valves Market growth in the forecast period, 2024-2028.

 

According to TechSci Research report, “Africa Industrial Valves Market - By Country, Competition, Forecast and Opportunities, 2018-2028”, the Africa Industrial Valves Market is expected to register a robust during the forecast period, 2024-2028. The African industrial valves market is strengthened by a multitude of factors, including the increasing industrialization and infrastructure development worldwide. This, in turn, is generating a robust demand for industrial valves in sectors such as oil and gas, water and wastewater treatment, chemicals, and power generation. Furthermore, stringent government regulations concerning safety and environmental standards drive the market, as valves play a pivotal role in controlling and regulating the flow of hazardous substances. Africa is rich in valuable oil and gas reserves, with a notable emphasis on exploration and production, especially in offshore deepwater regions. Industrial valves play a pivotal role in the oil and gas industry by effectively regulating hydrocarbon flow at every stage, from extraction to distribution. The thriving oil and gas sector in Africa presents substantial opportunities for both valve manufacturers and service providers.

 

Browse over XX market data Figures spread through 135 Pages and an in-depth TOC on "Africa Industrial Valves Market”

Based on material type, Steel segment has emerged as the predominant market leader. Steel valves play a critical role in water treatment plants and sewage systems, controlling the flow of water, chemicals, and treated effluent. As clean water access and efficient wastewater treatment become top priorities in numerous African countries, the demand for steel valves in this sector is predicted to escalate. Furthermore, these valves are instrumental in power generation facilities, such as coal-fired and gas-fired power plants, regulating the flow of steam, water, and other fluids crucial to the power generation process. Moreover, steel valves find wide-ranging applications in manufacturing processes, ensuring control over raw material flow, temperature, pressure, and product quality and safety. In Africa's manufacturing sector, there lies promising opportunities for steel valve manufacturers. The growing need for greater control, efficiency, and remote monitoring drives the adoption of smart and automated industrial valves. Steel valve manufacturers can seize these opportunities by developing and supplying intelligent valve solutions. To address the demand for steel valves and reduce dependence on imports, many African countries are actively promoting local manufacturing. Therefore, international steel valve manufacturers can strategically establish local production facilities or forge partnerships with domestic companies.

Based on application, Oil & Gas segment is expected to grow during the forecast period. Refining and processing facilities fall within this category. Industrial valves play a crucial role in refining processes, including the control of crude oil flow and the regulation of temperature and pressure during various refining stages. In the midstream segment, the construction and expansion of pipelines for oil and gas transportation are key drivers for the industrial valves market. This encompasses both onshore and offshore pipelines. Demand for industrial valves in downstream operations is driven by investments in refining capacity to meet domestic demand and export markets. The modernization and expansion of refining facilities necessitate the use of advanced valves. The oil and gas sector is witnessing a growing adoption of smart and automated industrial valves. These valves offer remote monitoring, predictive maintenance, and enhanced control, thereby improving safety and operational efficiency. Stringent environmental regulations in the oil and gas sector require the use of low-emission and leak-free valves to prevent harmful gas emissions. Valve manufacturers that provide environmentally friendly solutions can gain a competitive edge.

Major companies operating in Africa Industrial Valves Market are:

• AVK Southern Africa
• Flowrox
• Zetco Valves
• MRC Global
• KSB Pumps and Valves
• Econosto Mideast B.V.
• Valvitalia Africa
• Macneil Steel and Valves
• Paltechnologies
• Dynamic Fluid Control

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“South Africa is expected to dominate the market during the forecast period. The manufacturing sector in South Africa is highly diverse, encompassing industries such as automotive, food and beverage, and chemicals. Valves play a crucial role in numerous manufacturing processes, including the control of raw material flow, regulation of temperature and pressure, and assurance of product quality and safety.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Africa Industrial Valves Market By Valve Type (Globe Valves, Ball Valves, Butterfly Valves, Wedge Gate Valves, Knife Gate Valves, Check Valves, Diaphragm Valves, Pinch Valves and Others), By Material Type (Cast Iron, Steel, Cryogenic, Alloy Based and Others), By Application (Oil & Gas, Refinery, Chemical, Water, Wastewater Effluent, Power Generation, Agriculture, Mining and Others), By Product (Quarter turn Valve, Multi turn Valve and Others), By Country, By Competition Forecast & Opportunities, 2018-2028”, has evaluated the future growth potential of Africa Industrial Valves Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Africa Industrial Valves Market.

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