Valves Market Global Analysis Trends, Share, Size, Growth, Opportunity and Forecast 2019 - 2027

                                                                          
Valves are versatile devices used to regulate or control the flow of fluids.

                           Valves Market


Valves are versatile devices used to regulate or control the flow of fluids. Gases, liquids, fluidized solids, and slurries are among the fluids controlled or regulated by valves. The primary mechanism of the valve is passageway opening and closing. A valve can also be used to obstruct a passageway partially. Valves can be found in a wide range of industries. Water and sewage processing, mining, power generation, food manufacturing, plastic manufacturing, and the oil and gas industry are just a few of the industries that use valves. In developed countries, valves are widely used in personal applications such as plumbing, gas controls, tap water, washing machines/dryers, and heating and air conditioning units.

Over the forecast period, high growth in the pipelines sector is expected to propel growth in the global valves market. For effective and easy control of gas in the oil and gas and other industries, valves are frequently placed at a pipeline distance of less than 10% of the total length of the pipeline. According to the Indian Oil Corporation Ltd. (IOCL), the natural gas pipeline network in India increased from 10,900 km to 15,000 km between 2015 and 2016, with an investment of US$ 1.5 billion. Furthermore, countries such as the United States and the United Kingdom are expected to make significant investments in the pipeline sector. For example, the United States government launched the Dakota Access Pipeline Project in 2016, which is expected to carry 470,000 barrels of crude per day for 1,172 miles. As a result, rapid growth in the pipeline sector is expected to drive growth in the global valves market in the near future.

Valves, both manual and automated, play an important role in the operation of process industries such as oil and gas, power generation, water and wastewater treatment, and chemical manufacturing. They are used to regulate the flow of fluids such as liquids, gases, fluidized solids, and slurries. Valve technology has also become an integral part of operational safety, ensuring the safety of labour and materials in manufacturing facilities or plants in the event of a mishap. Actuator advancements have aided companies in the valves market in increasing their revenue streams. Actuators are essential components of control valves that are operated from a distance.

The key players operating in the global valves market are Schlumberger Limited, Goodwin International Ltd, Honeywell International Inc., General Electric Company, Emerson Electric Co., Rotork Plc, KITZ Corporation, AVK Holding A/S, Bürkert Fluid Control Systems, and Flowserve Corporation.

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