Press Release

Industrial Valves Market to Surpass $ 77 Billion by 2022

Growing energy demand, increasing number of power plants and government initiatives towards water & wastewater infrastructure to drive global industrial valves market through 2022

According to TechSci Research report, Global Industrial Valves Market By Product Type, By Application, By Region, Competition Forecast & Opportunities, 2012 – 2022, global industrial valves market is projected to reach $ 77.7 billion by 2022, backed by growing demand for industrial valves from energy, oil & gas, renewable power and various other industries. Moreover, growing need to develop water & wastewater infrastructure, increasing quest for reliable and clean power sources, rising investments, etc., are expected to boost demand for industrial valves in the coming years, globally. Increasing number of manufacturing facilities and growing potential of replacement industrial valves is also anticipated to positively influence the global industrial valves market during forecast period. 

Browse 108 market data Tables and 90 Figures spread through 292 Pages and an in-depth TOC on "Global Industrial Valves Market"

In the product type category, global industrial valves market was dominated by globe valves in 2016, owing to features such as low resistance to fluid flow and superior sealing capabilities. Technological advancements in the production of crude oil and natural gas from new offshore and onshore fields are being witnessed across the globe. On account of these advancements in the oil & gas sector coupled with growing investments in the construction of pipelines to execute efficient transportation of oil & gas, demand for industrial valves from global oil & gas sector is expected to increase at a robust pace through 2022.

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“With growing population and depleting water resources across the globe, need for clean water and sanitation has become the need of the hour. Numerous governments are taking initiatives and measures to meet the growing demand for water supply from the booming population. Huge investments being made to upgrade and replace the aging water and wastewater facilities, globally, are anticipated to propel growth in the global industrial valves market in the ensuing years.”, said Mr. Karan Chechi, Research Director at TechSci Research, a research based global management consulting firm.  

Global Industrial Valves Market By Product Type, By Application, By Region, Competition Forecast & Opportunities, 2012 – 2022has evaluated the future growth potential of the global industrial valves market and provides statistics and information on market structure, size, share and trends. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in the global industrial valves market.

About TechSci Research

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