Australia Industrial Valves Market to be Dominated by Power Generation Sector Through 2028.
Increase in power
projects and automation in industrial sector are the major factors driving the
growth of Australia Industrial Valves market during the forecast period
2024-2028.
According
to TechSci Research report, Australia Industrial
Valves Market - By Region, Competition, Forecast & Opportunities,
2018-2028F, the Australia Industrial Valves Market is expected to register
robust growth during the forecast period 2024-2028, Industrial valves are mechanical devices that control the flow and
pressure of liquids, gases, and slurries in systems. It is also called a
regulator and is used for various purposes. Valves vary widely in size, design,
function, and operation.
Valves are undoubtedly the workhorses of piping systems. From ball and
gate valves in the power industry, butterfly valves in pharmaceutical
processes, to gate valves in oil and gas exploration, there are many different
types of industrial valves that perform myriad tasks from isolation to flow
regulation in various industries. All valves perform similar functions, but
there are distinct differences between them. Ball valves regulate flow, check
valves prevent backflow, and gate valves are ideal for high temperatures and
pressures.
Rapid industrialization coupled with increasing automation of industrial
processes is one of the key factors driving the growth of the market. In
addition, the increasing number of oil and gas (O&G) exploration activities
in offshore areas, associated with increasing energy demand, is also a key
growth driver. In addition, the expansion of nuclear power plants and oil
refineries will enhance market growth. In addition, increasing pipeline
installations and rising demand for pipeline monitoring and control from a
central location are having a positive impact on the market. In addition, the
integration of smart control systems and increased acceptance of diagnostics in
industrial valves help monitor upstream and downstream pressure stem position,
temperature, and flow. This has also contributed to the growth of the market,
along with the increasing demand for monitoring wastewater streams in cities.
Growing traction in renewable energy sources for power generation is expected
to propel the market in the forecast period.
Browse
over XX market data Figures spread through XX Pages and an in-depth TOC on "Australia Industrial Valves Market”
Australia Industrial Valves market can be
segmented by valve type,
material type, application, and product. Based on application, the Australia Industrial Valves market
can be bifurcated into oil & gas, refinery, chemical, water, wastewater effluent, power
generation, agriculture, mining, and others. During
the projected period, power generation segment in type is expected to dominate the market during
the forecast period 2024-2028. In the energy industry, valves are used in a
variety of applications such as Boiler start-up, feed pump recirculation, steam
regulation, and turbine bypass. For example, valves are used in condensate
systems to control and regulate the additional flow required for the condensate
pump to circulate the liquid. In addition, valves are also used to control the
vent level of feedwater heaters. In power industry water systems, valves are
used to recirculate boiler feed pumps. Valves play an important role in this
scenario as they operate in on/off and modulated modes. Additionally, valves
are used in mainstream systems such as superheaters, turbine bypasses, and
superheater bypasses. Control valves are used for pressure control.
Energy production from
renewable sources is increasing rapidly, but the amount of electricity they
generate is not enough to meet the rapidly growing demand. The International
Energy Agency's World Energy Outlook forecasts that over 2,457 gigawatts (GW)
of electricity will be installed worldwide over the next 25 years, with
Australia having a significant share in it. In addition, the government's focus
on increasing the capacity of power plants across the country is a factor
driving the demand for valves in the power industry.
Major
companies operating in the Australia Industrial Valves market are:
- Pentair Flow Control International Pty Limited
- AVK Australia Pty Ltd.
- Australian Valve and Engineering Pty
Ltd.
- Australian Pipeline Valve
- AT&D Valves Australia
- Global Supply Line Pty Ltd.
- All Valve Industries Pty Ltd.
- Australian Valve Group
- AVFI Pty Ltd.
- Mack Valves Pty Ltd.
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“Australia Industrial Valves Market is
expected to expand at a healthy rate during the projected period. Opportunities
in Power, Oil & Gas, and many other industries along with opportunities
created from increasing F.D.I is expected to create the demand for the market. Growing investments in wastewater industry to
tackle the water crisis problem in the country is expected to grow the
infrastructure in the country, thus expected to drive the industrial valves
market in the country.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
“Australia Industrial Valves Market By Valve Type (Globe Valves, Ball
Valves, Butterfly Valves, Wedge Gate Valves, Knife Gate Valves, Check Valves
and 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 Product (Quarter
turn Valve, Multi turn Valve, Others), By Region, Competition Forecast &
Opportunities, 2018-2028F”, has evaluated the future growth potential of Australia
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 the Australia Industrial
Valves market.
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