The Asia Pacific Industrial Valves Market should witness market growth of 5.7% CAGR during the forecast period (2022-2028).
A valve is an instrument that directs, controls, or regulates the flow of liquids, gases, slurries, or fluidized solids by closing, opening, or partially obstructing several passages. In the open valves, the fluids flow from higher pressure to lower pressure. Valves are technically fittings yet are commonly discussed as separate category. Mainly a valve comprises of a seat, a stem, and the main body that are usually manufactured by utilizing various materials comprising metals, rubber, polymers, and various others to reduce chances of wastage of fluid flowing from the valve.
Industrial valves are mechanical devices used to manage the flow or stream of water or gases, slurries, and liquids. Industrial valves act as the regulators that control the flow through pipes and other passageways. With the increased technological investment, these valves could now be operated automatically.
Various types of industrial valves carry out several functions like pressure control, shut on or off, and other regulation purposes. Different types of industrial valves include butterfly valves, ball valves, gate valves, check valves, pinch valves, globe valves, and others. Furthermore, industrial valves are manufactured by using stainless steel, cast iron, carbon steel, and several other metal alloys to achieve better efficiency.
Currently, in India, urban areas provide shelter to above 50% of the population, and it is anticipated that 70% of the population will live in urban regions by 2050. Rapid urbanization generates opportunities for the economy's development. But, it also increases the pressure on freshwater resources to meet the demand of water in areas where water is scarce and regions where growths occur at an unprecedented rate. With the rise in the population in urban areas, it is crucial to recognize water resources to support such expansion. Owing to this, the industrial valves market may witness growth opportunities in the APAC region.
The China market dominated the Asia Pacific Industrial Valves Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $9489 Million by 2028. The Japan market is estimated to grow a CAGR of 5% during (2022-2028). Additionally, The India market would experience a CAGR of 6.3% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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.
A valve is an instrument that directs, controls, or regulates the flow of liquids, gases, slurries, or fluidized solids by closing, opening, or partially obstructing several passages. In the open valves, the fluids flow from higher pressure to lower pressure. Valves are technically fittings yet are commonly discussed as separate category. Mainly a valve comprises of a seat, a stem, and the main body that are usually manufactured by utilizing various materials comprising metals, rubber, polymers, and various others to reduce chances of wastage of fluid flowing from the valve.
Industrial valves are mechanical devices used to manage the flow or stream of water or gases, slurries, and liquids. Industrial valves act as the regulators that control the flow through pipes and other passageways. With the increased technological investment, these valves could now be operated automatically.
Various types of industrial valves carry out several functions like pressure control, shut on or off, and other regulation purposes. Different types of industrial valves include butterfly valves, ball valves, gate valves, check valves, pinch valves, globe valves, and others. Furthermore, industrial valves are manufactured by using stainless steel, cast iron, carbon steel, and several other metal alloys to achieve better efficiency.
Currently, in India, urban areas provide shelter to above 50% of the population, and it is anticipated that 70% of the population will live in urban regions by 2050. Rapid urbanization generates opportunities for the economy's development. But, it also increases the pressure on freshwater resources to meet the demand of water in areas where water is scarce and regions where growths occur at an unprecedented rate. With the rise in the population in urban areas, it is crucial to recognize water resources to support such expansion. Owing to this, the industrial valves market may witness growth opportunities in the APAC region.
The China market dominated the Asia Pacific Industrial Valves Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $9489 Million by 2028. The Japan market is estimated to grow a CAGR of 5% during (2022-2028). Additionally, The India market would experience a CAGR of 6.3% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
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 Asia Pacific Industrial Valves Market, by Type
1.4.2 Asia Pacific Industrial Valves Market, by Material Type
1.4.3 Asia Pacific Industrial Valves Market, by Application
1.4.4 Asia Pacific 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. Asia Pacific Industrial Valves Market by Type
3.1 Asia Pacific Globe Valves Market by Country
3.2 Asia Pacific Gate Valves Market by Country
3.3 Asia Pacific Plug Valves Market by Country
3.4 Asia Pacific Check Valves Market by Country
3.5 Asia Pacific Butterfly Valves Market by Country
3.6 Asia Pacific Ball Valves Market by Country
3.7 Asia Pacific Diaphragm Valves Market by Country
Chapter 4. Asia Pacific Industrial Valves Market by Material Type
4.1 Asia Pacific Steel Market by Country
4.2 Asia Pacific Cast Iron Market by Country
4.3 Asia Pacific Alloy Based Market by Country
4.4 Asia Pacific Others Market by Country
Chapter 5. Asia Pacific Industrial Valves Market by Application
5.1 Asia Pacific Oil & Power Market by Country
5.2 Asia Pacific Chemical Market by Country
5.3 Asia Pacific Water & Wastewater Market by Country
5.4 Asia Pacific Food & Beverages Market by Country
5.5 Asia Pacific Others Market by Country
Chapter 6. Asia Pacific Industrial Valves Market by Country
6.1 China Industrial Valves Market
6.1.1 China Industrial Valves Market by Type
6.1.2 China Industrial Valves Market by Material Type
6.1.3 China Industrial Valves Market by Application
6.2 Japan Industrial Valves Market
6.2.1 Japan Industrial Valves Market by Type
6.2.2 Japan Industrial Valves Market by Material Type
6.2.3 Japan Industrial Valves Market by Application
6.3 India Industrial Valves Market
6.3.1 India Industrial Valves Market by Type
6.3.2 India Industrial Valves Market by Material Type
6.3.3 India Industrial Valves Market by Application
6.4 South Korea Industrial Valves Market
6.4.1 South Korea Industrial Valves Market by Type
6.4.2 South Korea Industrial Valves Market by Material Type
6.4.3 South Korea Industrial Valves Market by Application
6.5 Singapore Industrial Valves Market
6.5.1 Singapore Industrial Valves Market by Type
6.5.2 Singapore Industrial Valves Market by Material Type
6.5.3 Singapore Industrial Valves Market by Application
6.6 Malaysia Industrial Valves Market
6.6.1 Malaysia Industrial Valves Market by Type
6.6.2 Malaysia Industrial Valves Market by Material Type
6.6.3 Malaysia Industrial Valves Market by Application
6.7 Rest of Asia Pacific Industrial Valves Market
6.7.1 Rest of Asia Pacific Industrial Valves Market by Type
6.7.2 Rest of Asia Pacific Industrial Valves Market by Material Type
6.7.3 Rest of Asia Pacific 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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