UAE Industrial Valves Market is anticipated to grow at
a good pace in the forecast period, 2024-2028, The market is strong and is anticipated to
continue expanding in the future due to increased industrialization and
manufacturing costs as well as rising energy demand in the UAE.
Industrial
valves include tools for managing the flow of gases, liquids, and slurries.
These valves can be utilized to control the flow of gases or liquids. Pipes and
other channels can be opened, shut, and partially blocked to achieve this.
Valves are essentially mechanical devices used to control the flow and pressure
inside a system or process. They are essential components of every piping
system that carries liquids, gases, vapors, slurries, and other things.
Growing Industrial Sector to Aid Market
Dynamics
Due to the increase in unconventional
oil & gas applications and expanding pipeline installations, the downstream
sector of industrial valves is expected to grow significantly. The growing
significance of automation in the process industry is the cause of the rising
demand for automated control valves. The market for industrial valves is primarily
driven by the expanding need for connected networks to maintain and monitor
industrial equipment as well as the expanding specifications for the
construction of new nuclear power plants and the renovation of existing
systems. The
UAE’s industrial sector contributed over USD 49 billion to the country’s
national GDP. Since
launching several initiatives and plans in 2022, MoIAT has produced outstanding
developments that promote the development of the UAE's industrial sector. The
improvement of the industrial sector's efficiency and competitiveness has made
it more attractive to investors and supported the expansion of the country's
GDP. The potential of national businesses to compete on a worldwide scale is
demonstrated by the United Nations Industrial Development Organization's
(UNIDO) estimate that the UAE's industrial exports totaled USD 47.37 billion. According
to the manufacturing report released by the Industrial Development Bureau
(IDB), a division of the Abu Dhabi Department of Economic Development, 62
establishments were moving from the planning stage to the construction phase
and 44 factories moving from under construction to in production.
Uptake of AI and IIoT
Artificial intelligence (AI) creates a
software platform based on generative design that can help create
multi-objective optimum valves. The AI-powered application instantly generates
a valve design to satisfy specific flow performance requirements. To reduce
unplanned downtime and other unpleasant results caused by valve failures,
businesses are now utilizing cutting-edge technologies, such as AI and the
Internet of Things (IIoT). As mechanization increases, businesses are utilizing
valves with sensors. For instance, Flowserve Corporation, a
major provider of flow control products and services for the worldwide
infrastructure markets, unveiled a ground-breaking IoT service in January 2021
to help manufacturing facilities track their assets and drastically reduce
equipment failures.
Enhancing industrial processes'
intelligence through IIoT also has significant positive effects on the
environment, including improved quality assurance, environmental friendliness,
sustainability, and industrial waste management. The management of the entire
process of turning raw materials into finished goods and maintaining them from
the point of production to the point of consumption is another area where IIoT
is helpful. Without a solid IIoT infrastructure, improved asset tracking, and
energy management for better power usage, predictive maintenance, and analytics
in the industrial sector are not conceivable. With an integrated system of
smart and intelligent devices, IIoT regulates and controls all these
activities, ensuring flawless maintenance and management with a reduced
reliance on human action.
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OEMs Promoting Industrial
Valves
The components are
incorporated into systems by OEMs (original equipment manufacturers). OEM
valves, features, and products lengthen the product's lifespan, maintaining
optimal performance, lowering the price of replacement parts, and enhancing the
bottom line of the corporation. OEMs provide the valves used in industrial
sectors and manage their brand through both direct and indirect sales channels.
As a result of OEMs' promotion of valves, the market for industrial valves is
growing in the UAE.
Adoption of Smart Valve
Control Systems
Future progress is expected to
move quickly as the importance of smart valves with intelligent control systems
increases. Demand for industrial valves is anticipated to rise over the next
ten years as a result of an increase in diagnostics and improved devices for
tracking process variables like flow rate, temperature, and upstream and
downstream pressure stem position. The development of intelligent valves for
subsea oil and gas has increased the systems' adaptability and dependability,
which is projected to have a significant impact on rendering. The Internet of
Things (IoT) links hundreds of millions of sensors that can monitor and control
temperature, vibration, acoustics, pressure, level, flow, flow rate, flow
direction, and location for equipment used in the industrial sector. Using
these IoT-connected devices, smart manufacturing develops collaborative, fully
integrated manufacturing systems that react in real-time to satisfy demanding
demands. "The Fourth Industrial Revolution" (Industry 4.0). In terms
of valves, this involves establishing a connection between automatic valves and
the IoT so that they can be properly tracked and even managed to regulate the
flow of fluids and gases in various piping systems.
Rising Awareness of Wastewater
Treatment
The penetration of industrialization
and the expanding use of automation in the manufacturing and processing sectors
have led to a major growth in the demand for wastewater valves. For instance,
valves in the condensate system control and manage the extra flow required for
a fluid recirculation condensate pump. Furthermore, valves are used to control
the deaerator level in the feedwater heater. The industrial valve market is
anticipated to expand during the anticipated period due to growing public
awareness of wastewater
treatment.
Escalating
Use of Ball Valves and Butterfly Valves
Ball
valves have a straightforward design with a ball set inside of a pipe. Ball
valves are primarily renowned for their extreme longevity, resistance to
damage, and little maintenance needs. They can be simply fixed without
requiring intricate craftsmanship. These valves offer a bubble-tight seal with
little torque and do not need any oil. Ball valves are also inexpensive and
simple to operate. Additionally, they are capable of handling and controlling
high volume, pressure, and flow at high temperatures, making them appropriate
for operations involving a variety of gases and liquids.
These
reasons are driving the use of ball valves in the oil and gas, power
production, chemical and petrochemical, and healthcare industries. Butterfly
valves are among the most frequently used valves in the industrial sector,
along with ball valves. Compared to other varieties, like ball valves, their
lightweight body with disc and wafer form requires significantly less
structural support. They are also less expensive and simpler to install. The
effectiveness of butterfly valves in handling slurries and corrosive fluids is
widely established. Therefore, the industrial valve market participants are
seeing a big demand for butterfly valves because of rising urbanization along
with the increased deployment of wastewater treatment facilities, which is
fueling the expansion of the UAE market.
Niche Applications of Valves
The marine industry relies heavily on
valves because, as ships rise and are used more frequently, they produce power,
handle wastewater, and run HVAC systems in addition to performing their
essential responsibilities. Depending on their size and intended usage, the
various valve types, and numbers on board the ship would differ. Among many
other advantages, valves are used to manage and handle wastewater, deliver
water for fire reasons, control the loading and storage of a ship's power
supply, and store any liquid cargo. Valves are often employed in non-industrial
settings. They could be valves found in household items like faucets or garden
hoses or in medical equipment like heart valves.
Recent Developments
- The Supreme Petroleum Council in 2022, ADNOC’s USD122
billion expenditure plan over the next five years as the national oil producer
works to increase its oil output capacity to 5 million b/d by 2030 from 4
million b/d at present.
Market Segmentation
The UAE industrial valves market is
divided based on valve type, material type, application, and product. Based on valve
type, the market is divided into globe
valves, ball valves, butterfly valves, wedge gate valves, knife gate valves,
check valves, diaphragm valves, pinch valves, float valves, air valves,
automatic control valves, resilient seal gate valves, and others. Based on
material type, the market is divided into cast iron, steel, cryogenic, alloy-based, and others. Based on application, the
market is divided into oil & gas, refinery, chemical, water, wastewater
effluent, power generation, agriculture, mining, and others. Based on product,
the market is divided into quarter-turn valves, multi-turn valves, and others.
Market Players
Major
players in the UAE industrial
valves market are ANBI General Trading LLC,
Camtech Manufacturing FZCO, ValTorque Valves Trading LLC, FITOK Group, KSB
Service LLC, VAG Valves Middle East DMCC, McWane Gulf, Petrotech Enterprises
FZE, VBG Intech Valves Manufacturing LLC, and Apollo Industrial Products LLC.
|
Attribute
|
Details
|
|
Base Year
|
2022
|
|
Historic Data
|
2018 –
2022
|
|
Estimated Year
|
2023
|
|
Forecast Period
|
2024
– 2028
|
|
Quantitative Units
|
Value (USD Million) and CAGR for 2018-2022 and 2023-2028
|
|
Report Coverage
|
Revenue
forecast, company share, growth factors, and trends
|
|
Segments Covered
|
Valve Type
Material Type
Application
Product
|
|
Region Scope
|
Dubai,
Abu Dhabi, Sharjah, Rest of UAE
|
|
Key Companies Profiled
|
ANBI General
Trading LLC, Camtech Manufacturing FZCO, ValTorque Valves Trading LLC, FITOK
Group, KSB Service LLC, VAG Valves Middle East DMCC, McWane Gulf, Petrotech
Enterprises FZE, VBG Intech Valves Manufacturing LLC, Apollo Industrial
Products LLC
|
|
Customization Scope
|
10% free
report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
|
Pricing and Purchase Options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
|
Delivery Format
|
PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request)
|
Report Scope:
In this report, the UAE industrial valves market has been segmented into the following categories,
in addition to the industry trends, which have also been detailed below:·
UAE Industrial
Valves Market, By
Valve Type:
o Globe Valves
o Ball Valves
o Butterfly Valves
o Wedge Gate Valves
o Knife Gate Valves
o Check Valves
o Diaphragm Valves
o Pinch Valves
o Float Valves
o Air Valves
o Automatic Control Valves
o Resilient Seal Gate Valves
o Others
·
UAE Industrial
Valves Market, By
Material Type:
o
Cast Iron
o
Steel
o
Cryogenic
o
Alloy Based
o
Others
·
UAE Industrial
Valves Market, By
Application:
o
Oil & Gas
o
Refinery
o
Chemical
o
Water
o
Wastewater Effluent
o
Power Generation
o
Agriculture
o
Mining
o
Others
·
UAE Industrial
Valves Market, By
Product:
o
Quarter turn Valve
o
Multi turn Valve
o
Others
·
UAE Industrial
Valves Market, By Region:
o
Dubai
o
Abu Dhabi
o
Sharjah
o
Rest of UAE
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in the UAE Industrial Valves Market.
Available Customizations:
UAE Industrial Valves Market report with the given market data,
Tech Sci Research offers customizations according to a company's specific
needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of
additional market players (up to five).
The UAE industrial valves market is an upcoming report to be released
soon. If you wish an early delivery of this report or want to confirm the date
of release, please contact us at [email protected]