Industrial valves are used in process industries for direction, regulation, and control of gases, slurries, liquids, vapors, and others. Industrial valves are mainly manufactured using carbon steel, cast iron, stainless steel, and other high functioning metal alloys to obtain efficient flow control in power industry. Moreover, a valve mainly consists of a main body, a stem, and a seat that are generally manufactured using different materials including polymers, rubber, metals, and others to avoid wastage of liquid flowing through the valve. Valves are mainly differentiated by their operating mechanisms. The most widely used valves in industries are globe valves, butterfly valves, ball valves, gate vales, plug valves, pinch valves, diaphragm valves, and check valves.
MARKET DYNAMICS
Rapid industrialization across the world has resulted in the increase in industrial valves demand during the last few years. These industrial valves provide an easy and affordable means of controlling flow of materials across major industries. As the demand for fuel surges, various countries are launching new power exploration projects. This is anticipated to boost the demand for advanced valve tech.
MARKET SCOPE
The "Global Industrial Valves in Power Industry Market Analysis to 2028" is a specialized and in-depth study of the industrial valves in power industry market with a special focus on the global market trend analysis. The report aims to provide an overview of the industrial valves in power industry market with detailed market segmentation by material type, valve type and geography. The global industrial valves in power industry' market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading industrial valves in power industry market players and offers key trends and opportunities in the industrial valves in power industry' market.
MARKET SEGMENTATION
The global industrial valves in power industry' market is segmented based on material type and valve type. Based on its material type, industrial valves in power industry' market can be segmented into cast iron, steel, alloy-based and others. Based on valve type, industrial valves in power industry market can be segmented into ball valves, butterfly valves, gate valves, globe valves, plug valves, check valves and diaphragm valves.
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IMPACT OF COVID-19 ON INDUSTRIAL VALVES IN POWER INDUSTRY MARKET
The blockade imposed by the COVID-19 pandemic has temporarily banned import / export, manufacturing and processing activities in various industries and utilities, reducing electricity demand from these consumers. In addition, the construction and freezing of new power infrastructure, renewable power plants, grids and other power plants due to labor unavailability and widening supply-demand gaps is projected to impede market growth during the pandemic.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Industrial Valves in Power Industry Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Industrial Valves in Power Industry Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Industrial Valves in Power Industry Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the industrial valves in power industry market in these regions.
MARKET PLAYERS
The reports cover key developments in the industrial valves in power industry market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from industrial valves in power industry market are anticipated to lucrative growth opportunities in the future with the rising demand for industrial valves in power industry market. Below mentioned is the list of few companies engaged in the industrial valves in power industry market.
The report also includes the profiles of key industrial valves in power industry market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- AVK Holding A/S
- Avcon Controls Private Limited
- Schlumberger Limited
- Crane Co.
- Emerson Electric Co.
- Flowserve Corporation
- Forbes Marshall
- IMI plc
- Metso Corporation
- The Weir Group plc