Peru Industrial Valves Market growth to Grow with a robust CAGR through to 2028
Need for valve maintenance and servicing are expected to drive the Peru Industrial
Valves Market growth in the forecast period, 2024-2028.
According to TechSci Research report, “Peru Industrial
Valves Market - By Country, Competition, Forecast and Opportunities, 2018-2028”,
the Peru Industrial Valves Market is expected to register a robust during the
forecast period, 2024-2028. Peru is rich in natural resources, such as
minerals, oil, and natural gas. The extraction and processing of these
resources depend on industrial valves to manage the flow of materials, ensuring
efficient production and environmental compliance. Ongoing and
planned infrastructure projects in Peru, including transportation, energy, and
water supply, create a significant demand for industrial valves. These valves
are essential for controlling and regulating fluid and gas flow in
infrastructure systems.
Peru is investing in infrastructure projects,
including energy generation, water supply, and transportation. These projects
require a wide range of industrial valves for applications like water
treatment, pipeline control, and power generation.
Peru is a major player in the global mining industry,
and the extraction of minerals such as copper, gold, and silver necessitates
the use of industrial valves for mineral processing and transport. There are
opportunities for specialized valves in this sector.
The oil and gas industry in Peru, especially in the
eastern part of the country, is growing. This presents opportunities for valves
used in exploration, production, and transportation activities.
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Based on material type, Steel segment has emerged as
the predominant market leader. Peru has a diverse industrial base, including
sectors such as mining, oil and gas, water treatment, power generation, and
manufacturing. These industries often rely on industrial valves for controlling
the flow of liquids and gases. The demand for industrial valves in the steel
segment is primarily driven by the steel manufacturing industry's growth.
Peru's steel sector serves both domestic and international markets. Peru has a
significant steel industry, with several steel mills and foundries producing
various steel products. The production of steel often involves the use of
industrial valves for processes like controlling the flow of gases, steam, and
water. Infrastructure development projects, including construction and energy
infrastructure, can drive demand for steel and, consequently, industrial
valves. These projects often require a range of valves for water treatment,
HVAC systems, and energy generation.
Based on application, Oil & Gas segment is
expected to grow during the forecast period. Investments in oil and gas
infrastructure, including new pipelines, processing facilities, and storage
tanks, can drive the demand for industrial valves. As a net energy exporter,
Peru's oil and gas industry plays a vital role in ensuring domestic energy
security and supplying international markets. Compliance with environmental and
safety regulations is a key concern in the oil and gas industry. Valves must
meet stringent standards to prevent leaks and accidents. International and
local valve manufacturers, distributors, and suppliers are active in the
Peruvian oil and gas valve market. Companies with a focus on specialized valves
for the industry may have a strong presence. The Peruvian oil and gas sector is
expected to continue growing, driven by increased exploration and production
activities, infrastructure investments, and energy export opportunities. The
need for advanced and specialized valves for handling different types of
hydrocarbons will remain high.
Major companies operating in Peru Industrial Valves
Market are:
- Valvexport S.A.C.
- Hidrosac
- Válvulas y Conexiones E.I.R.L.
- Válvulas y Equipos del Peru SAC
- Copexim S.A.C.
- Tecnología en Equipos y Proyectos S.A.C.
(TEPRO)
- M&E Valves S.A.C.
- Fivalco S.A.C.
- Válvulas Walworth Perú S.A.C.
- Inversiones y Proyectos Maquinaria SAC
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“Eastern Peru is expected to dominate the market
during the forecast period. The oil and gas sector in eastern Peru includes
exploration, production, and transportation of hydrocarbons. Industrial valves
are essential in wellheads, pipelines, and processing facilities. Eastern Peru
has significant mining activities, including the extraction of minerals like
gold, silver, and copper. Industrial valves play a crucial role in mineral
processing, including crushing, grinding, and flotation processes.,” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Peru
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 Peru 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 Peru Industrial Valves Market.
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