Industrial Valves Market to Cross $78 Billion by 2021
Anticipated revival of oil
prices, increasing energy needs and growing necessity to develop water &
wastewater infrastructure to drive global industrial valves market through 2021
According to a recently published TechSci Research
report “Global Industrial Valves Market By Type, By Application, By Region, Competition Forecast and Opportunities, 2011 – 2021”, the global industrial
valves market is projected to cross $78 billion by 2021, on account of growing energy
and water demand, coupled with expanding coal & gas power infrastructure. Moreover,
recovering oil prices, increasing exploration & production activities and surging
investments in refinery industry are the other major factors anticipated to boost
demand for industrial valves over the next five years, globally.
Browse 21
market data Tables and 143 Figures spread through 290 Pages and an
in-depth TOC on "Global Industrial
Valves Market"
https://www.techsciresearch.com/report/global-industrial-valves-market-by-type-globe-butterfly-ball-gate-plug-and-others-by-application-oil-gas-power-municipal-refining-chemical-and-others-by-region-competition-forecast-and-opportunities-2011-2021/773.html
Oil
& Gas sector dominated global industrial valves market in 2015. Global oil
& gas companies are continuously exploring deep sea beds. The days of
so-called "easy oil" are over, making it harder to meet demand
without complicated and expensive projects. The International Energy Agency, an
adviser to energy importing nations, estimates oil supply will have to rise by 39%
to reach 116 million barrels of oil per day by 2030 to meet the rising energy demand.
Moreover, according to the German Mineral Resources Agency, more than 50% of
new oil and natural gas reserves have been discovered in offshore fields
beneath the sea bed over the last ten years. In January 2016, oil prices crashed down to $27 per
barrel levels. However, the impact of low crude oil prices on the sales of
industrial valves across the globe has been nullified to a huge extent by rise
in oil refining activities across the globe. With anticipated recovery in crude
oil prices, demand for industrial valves is expected to remain high during
forecast period.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=773
Customers
can also request for 10% free customization on this report.
Among valve types, globe valves grabbed
the largest share in the global industrial valves market in 2015, followed by
ball valves, gate valves, butterfly valves and plug valve. “Robust
water & wastewater infrastructure play a critical role in economic growth
of any country. In addition to growing water & wastewater infrastructure in
developing nations, developed regions such as the US and European countries are
also suffering from aging pipeline infrastructure. With growing need to develop
and expand water & waste water infrastructure, the demand for industrial
valves is expected to increase over the next five years, globally.” Said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Industrial Valves Market By Type, By Application, By Region, Competition Forecast
and Opportunities, 2011 – 2021” has evaluated the future growth potential of industrial
valves market and provides statistics and information on market structure, market
size, market share, forecast and trends. The report is intended to provide cutting-edge
market intelligence and help decision makers take sound investment evaluation.
Besides, the report also identifies and analyzes emerging trends along with
essential drivers, challenges and opportunities available in global industrial
valves market.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global
clients with more than 600 premium market research studies, TechSci Research is
serving clients across 11 different industrial verticals. TechSci Research
specializes in research based consulting assignments in high growth and emerging
markets, leading technologies and niche applications. Our workforce of more
than 100 fulltime Analysts and Consultants employing innovative research
solutions and tracking global and country specific high growth markets helps
TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]