Saudi Arabia Industrial Valves Market To Grow With Power Industry until 2026
Surging demands in the food
& beverage industry is driving the growth of Saudi Arabia Industrial valves
Market, in the forecast period, 2022-2026.
According to TechSci report on, “Saudi
Arabia Industrial Valves Market By Product (Quarter-turn Valve, Multi-turn
Valve, Others) By Valve Type (Globe, Ball, Butterfly, Wedge Gate, Knife Gate,
Check, Diaphragm, Pinch, Resilient Seal Gate & Others) By Material Type
(Cast Iron, Steel, Cryogenic, Alloy Based, Others) By Application (Oil &
Gas, Refinery, Chemical, Water, Wastewater Effluent, Power Generation,
Agriculture, Mining & Others) By Function (Isolation, Regulation, Safety
Relief Valve, Special Purpose, Non-Return) By Region, Competition Forecast
& Opportunities, 2026”, Saudi
Arabia industrial valves market
has shown promising growth in historical years until 2019 and is expected to
continue its growth in upcoming forecast years 2021 to 2026. Saudi Arabia industrial
valves market owes its growth to the factors like rising demands from the
petroleum plants, oil & gas plants, chemical industries, power sector along
with food & beverage industries. The market is expanding with the advancing
technologies and the demand for the industrial valves to monitor the flow of
the ingredients and materials while under process of manufacture as well as
supply in the upcoming five years and thus driving the growth of the Saudi
Arabia industrial valves market. Mechanical devices that are used to control
the streaming liquid be it water, chemicals, or emulsifying liquids like oil &
petrol, are termed as industrial valves. These mechanical devices modulate the
continuous supply and are often manufactured with industrial strength so that
they can handle the increasing temperature, and pressure.
Furthermore, the
market is expected to expand with the evolving pharmaceutical companies and
their manufacturing of drugs and the complex processes of biotechnological
processes. The healthcare industry has experienced a sudden pressure due to the
pandemic caused by COVID-19, the industrial valves’ demand upsurged since the
production of the pharmaceuticals increased in the past years and is expected
to influence the market growth in the next five years too.
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The Saudi Arabia
industrial valves market is segmented by product, valve type, material type,
application, function, competitional landscape, and regional distribution. Based
on material type, the market is further differentiated into cast iron, steel,
cryogenic, alloy based, and others. Cast iron material is made up of 96-98% of
iron and 2-4% of carbon along with traces of silicon. The valves made with this
material can withstand high temperatures up to 1150℃. Cryogenic
material made valves are often used in the cold applications like in the units
dealing with liquid natural gases or compressed natural gas. Cryogenic valves
are built to help transport and store such cryogenic gasses safely and
efficiently.
Based on
product, the market is further segmented into quarter-turn valve, multi-turn
valve, and others. Quarter-turn valves are the industrial strength valves that
is utilized as an on-off valves. These are the most basic and indispensable
component of the technological machineries and the industry. These quarter-turn
valves are almost as historic as the pipeline uses in any kind of production or
manufacturing units. The switch the supply on or off, the valves are
implemented. The market for the same is anticipated to register maximum revenue
shares in the future market on the account of their abundant usages. Multi-turn
valves may grow rapidly and register fastest growth in the future five years on
the account of complicated processes that are employed for the manufacturing
processes of the various products like, chemicals, petrochemicals,
pharmaceuticals, food & beverages, etc.
A partial list
of market player in the Saudi Arabia industrial valves market includes AVK
Saudi Valves Manufacturing Co. Ltd., Cameron Al-Rushaid Ltd., Dresser
Al-Rushaid Valve & Instrument Co. Ltd, (DARVICO), Emerson Process
Management Arabia LTD, Flowserve Abahsain Company Ltd., Forum Energy
Technologies- Saudi Arabia, Pan Gulf Valves Manufacturing Co. Ltd., Saudi Pipes
Systems Co, Shoaibi Group, Yusuf Bin Ahmed Kanoo Group, among others. These
market players hold larger shares of the market than the new market players.
With the evolving technology, it is appropriate to say that the effective
research and development of the technologically advanced instruments and
methods to satisfy consumer demands would support the market growth and benefit
the market players as well as the consumers. New market players may focus on
the research and development to provide such products and services that
satisfies the consumer demand as well as benefits the market players in
building their brand value. Other competitive strategies include mergers &
acquisitions and new product developments.
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“Kingdom of Saudi Arabia is one of the GCC countries that are largest
suppliers of oil & gas all around the world. The supply chains for the
extraction as well as storage and supply of the oil and gases from their
extraction sites to the various points of country region as well as for the exports
is substantiating the growth of the market in the next five years. New market
players must focus on the material of construction of the industrial valves.
The market for the same is well established and best strategy for the new
entrants would be to work in association with the existent players of the
industrial sectors,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Saudi Arabia Industrial Valves Market By Product (Quarter-turn
Valve, Multi-turn Valve, Others) By Valve Type (Globe, Ball, Butterfly, Wedge
Gate, Knife Gate, Check, Diaphragm, Pinch, Resilient Seal Gate & Others) By
Material Type (Cast Iron, Steel, Cryogenic, Alloy Based, Others) By Application
(Oil & Gas, Refinery, Chemical, Water, Wastewater Effluent, Power
Generation, Agriculture, Mining & Others) By Function (Isolation,
Regulation, Safety Relief Valve, Special Purpose, Non-Return) By Region,
Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of Saudi
Arabia 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 Saudi Arabia industrial
valves market.
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