The Latin America, Middle East and Africa Industrial Valves Market should witness market growth of 7.6% CAGR during the forecast period (2022-2028).
Businesses are investing more in R&D activities pertaining to automatic components like solenoid valves that are supplied to the pharmaceutical sector. Similarly, pharmaceutical businesses seek to develop sophisticated fluid handling systems, like liquid soap dispensers and automatic sanitizer dispensers, which as a result, are rising the demand for valves.
Balancing valves are created to manage flow across the system by controlling the flow among various flow branches. These valves perform various functions in fluid power applications and HVAC systems. For instance, in commercial cooling and heating systems, balancing valves allow modifications to GPM under various loading circumstances. They could also be utilized to balance the weight of double-acting cylinders by giving a counterbalancing force.
Saudi Arabia is one of the most significant exporters of petroleum and possesses nearly 17% of the world's petroleum reserves. Saudi Arabia also has the second biggest resource of proven oil globally. Qatar is the leading international exporter of LNG (liquefied natural gas). After Russia and Iran, Qatar has the third greatest reserve of natural gas globally and has prevailing reserves of nearly 24.7 trillion cubic meters of natural gas. Daily production of crude oil is about 1,300,000 barrels, thus, making Qatar one of the 15 leading oil exporting nations and one of the significant producers of fertilizers in the world. An increase in oil and gas production in this region will increase the utilization of industrial valves.
The Brazil market dominated the LAMEA Industrial Valves Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2086 Million by 2028. The Argentina market is experiencing a CAGR of 8.2% during (2022-2028). Additionally, The UAE market would display a CAGR of 7.4% during (2022-2028).
Based on Type, the market is segmented into Globe Valves, Gate Valves, Plug Valves, Check Valves, Butterfly Valves, Ball Valves and Diaphragm Valves. Based on Material Type, the market is segmented into Steel, Cast Iron, Alloy Based, and Others. Based on Application, the market is segmented into Oil & Power, Chemical, Water & Wastewater, Food & Beverages and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Emerson Electric Co., Schlumberger N.V., IMI Plc., Crane Co., Flowserve Corporation, Metso Outotec Corporation, The Weir Group PLC, AVK Holding A/S, Avcon Controls Pvt. Ltd., and Forbes Marshall Pvt. Ltd.
Businesses are investing more in R&D activities pertaining to automatic components like solenoid valves that are supplied to the pharmaceutical sector. Similarly, pharmaceutical businesses seek to develop sophisticated fluid handling systems, like liquid soap dispensers and automatic sanitizer dispensers, which as a result, are rising the demand for valves.
Balancing valves are created to manage flow across the system by controlling the flow among various flow branches. These valves perform various functions in fluid power applications and HVAC systems. For instance, in commercial cooling and heating systems, balancing valves allow modifications to GPM under various loading circumstances. They could also be utilized to balance the weight of double-acting cylinders by giving a counterbalancing force.
Saudi Arabia is one of the most significant exporters of petroleum and possesses nearly 17% of the world's petroleum reserves. Saudi Arabia also has the second biggest resource of proven oil globally. Qatar is the leading international exporter of LNG (liquefied natural gas). After Russia and Iran, Qatar has the third greatest reserve of natural gas globally and has prevailing reserves of nearly 24.7 trillion cubic meters of natural gas. Daily production of crude oil is about 1,300,000 barrels, thus, making Qatar one of the 15 leading oil exporting nations and one of the significant producers of fertilizers in the world. An increase in oil and gas production in this region will increase the utilization of industrial valves.
The Brazil market dominated the LAMEA Industrial Valves Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2086 Million by 2028. The Argentina market is experiencing a CAGR of 8.2% during (2022-2028). Additionally, The UAE market would display a CAGR of 7.4% during (2022-2028).
Based on Type, the market is segmented into Globe Valves, Gate Valves, Plug Valves, Check Valves, Butterfly Valves, Ball Valves and Diaphragm Valves. Based on Material Type, the market is segmented into Steel, Cast Iron, Alloy Based, and Others. Based on Application, the market is segmented into Oil & Power, Chemical, Water & Wastewater, Food & Beverages and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Emerson Electric Co., Schlumberger N.V., IMI Plc., Crane Co., Flowserve Corporation, Metso Outotec Corporation, The Weir Group PLC, AVK Holding A/S, Avcon Controls Pvt. Ltd., and Forbes Marshall Pvt. Ltd.
Scope of the Study
By Type
- Globe Valves
- Gate Valves
- Plug Valves
- Check Valves
- Butterfly Valves
- Ball Valves
- Diaphragm Valves
By Material Type
- Steel
- Cast Iron
- Alloy Based
- Others
By Application
- Oil & Power
- Chemical
- Water & Wastewater
- Food & Beverages
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Emerson Electric Co.
- Schlumberger N.V.
- IMI Plc.
- Crane Co.
- Flowserve Corporation
- Metso Outotec Corporation
- The Weir Group PLC
- AVK Holding A/S
- Avcon Controls Pvt. Ltd.
- Forbes Marshall Pvt. Ltd
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Industrial Valves Market, by Type
1.4.2 LAMEA Industrial Valves Market, by Material Type
1.4.3 LAMEA Industrial Valves Market, by Application
1.4.4 LAMEA Industrial Valves Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. LAMEA Industrial Valves Market by Type
3.1 LAMEA Globe Valves Market by Country
3.2 LAMEA Gate Valves Market by Country
3.3 LAMEA Plug Valves Market by Country
3.4 LAMEA Check Valves Market by Country
3.5 LAMEA Butterfly Valves Market by Country
3.6 LAMEA Ball Valves Market by Country
3.7 LAMEA Diaphragm Valves Market by Country
Chapter 4. LAMEA Industrial Valves Market by Material Type
4.1 LAMEA Steel Market by Country
4.2 LAMEA Cast Iron Market by Country
4.3 LAMEA Alloy Based Market by Country
4.4 LAMEA Others Market by Country
Chapter 5. LAMEA Industrial Valves Market by Application
5.1 LAMEA Oil & Power Market by Country
5.2 LAMEA Chemical Market by Country
5.3 LAMEA Water & Wastewater Market by Country
5.4 LAMEA Food & Beverages Market by Country
5.5 LAMEA Others Market by Country
Chapter 6. LAMEA Industrial Valves Market by Country
6.1 Brazil Industrial Valves Market
6.1.1 Brazil Industrial Valves Market by Type
6.1.2 Brazil Industrial Valves Market by Material Type
6.1.3 Brazil Industrial Valves Market by Application
6.2 Argentina Industrial Valves Market
6.2.1 Argentina Industrial Valves Market by Type
6.2.2 Argentina Industrial Valves Market by Material Type
6.2.3 Argentina Industrial Valves Market by Application
6.3 UAE Industrial Valves Market
6.3.1 UAE Industrial Valves Market by Type
6.3.2 UAE Industrial Valves Market by Material Type
6.3.3 UAE Industrial Valves Market by Application
6.4 Saudi Arabia Industrial Valves Market
6.4.1 Saudi Arabia Industrial Valves Market by Type
6.4.2 Saudi Arabia Industrial Valves Market by Material Type
6.4.3 Saudi Arabia Industrial Valves Market by Application
6.5 South Africa Industrial Valves Market
6.5.1 South Africa Industrial Valves Market by Type
6.5.2 South Africa Industrial Valves Market by Material Type
6.5.3 South Africa Industrial Valves Market by Application
6.6 Nigeria Industrial Valves Market
6.6.1 Nigeria Industrial Valves Market by Type
6.6.2 Nigeria Industrial Valves Market by Material Type
6.6.3 Nigeria Industrial Valves Market by Application
6.7 Rest of LAMEA Industrial Valves Market
6.7.1 Rest of LAMEA Industrial Valves Market by Type
6.7.2 Rest of LAMEA Industrial Valves Market by Material Type
6.7.3 Rest of LAMEA Industrial Valves Market by Application
Chapter 7. Company Profiles
7.1 Emerson Electric Co.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Product Launches and Product Expansions:
7.1.5.2 Acquisition and Mergers:
7.2 Schlumberger N.V.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.3 IMI Plc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segment & Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Acquisition and Mergers:
7.4 Crane Co.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.5 Flowserve Corporation
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.5.5 Recent strategies and developments:
7.5.5.1 Partnerships, Collaborations, and Agreements:
7.6 Metso Outotec Corporation
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expenses
7.7 The Weir Group PLC
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.8 AVK Holding A/S
7.8.1 Company Overview
7.8.2 Recent strategies and developments:
7.8.2.1 Acquisition and Mergers:
7.9 Avcon Controls Pvt. Ltd.
7.9.1 Company Overview
7.10. Forbes Marshall Pvt. Ltd
7.10.1 Company Overview
Companies Mentioned
- Emerson Electric Co.
- Schlumberger N.V.
- IMI Plc.
- Crane Co.
- Flowserve Corporation
- Metso Outotec Corporation
- The Weir Group PLC
- AVK Holding A/S
- Avcon Controls Pvt. Ltd.
- Forbes Marshall Pvt. Ltd
Methodology
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