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Valves Market : Future Forecast Assessed on the basis of how the Market is Predicted to Grow

The ball valves product type segment held the leading market share in 2016 thus contributing the leading revenue to the market. However, the segment of butterfly valves is anticipated to display the leading CAGR of 8.3% between 2017 and 2025.

Amongst end-users, water and waste water treatment accounted for the leading revenue of almost 21% to the global valves market in 2016. Growth in North America, which is one of the key regional markets, is mainly driven by increasing demand for pipeline infrastructure.

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Rising industrialization in several parts of the world is the primary factor driving the global valves market. This is because valves are used to control the flow of fluids and gases in a number of industries. Valves control the flow of fluids and gases to prevent them from leaking or escaping from the pipes or pipeline systems.

The increasing demand for power from the oil and gas industry is indirectly benefitting the valves market. The Asia Pacific region is a major market for valves due to the increasing energy production from oil and gas reserves in the region to serve the energy needs of the rapidly growing population. Growing demand for energy from the transportation sector in emerging countries such as India and China is fuelling the growth of valves market in the region.

This 557 page report gives readers a comprehensive overview of the Valves Market. Browse through Table. Browse through 207 figures and 270 data tables to unlock the hidden opportunities in this market.

The growth of the valves market is negatively impacted due to several factors. The high cost of fabrication of valves is one of the key challenges impeding the market’s growth. The design and material used to manufacture valves depends on the application, which is further posing a challenge to this market. In addition, the time-consuming and critical nature of process of manufacture of valves due to the requirement of right combination of materials in the right proportion that depends on the application is also a challenge to the growth of the valves market.

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The global valves market is segmented as follows:

By Product Type

  • Pressure Reducing Valves

  • Safety/Relief Valves

  • Control Valves

  • Globe Valves

  • Plug Valves

  • Gate Valves

  • Ball Valves

  • Butterfly Valves

  • Diaphragm Valves

  • Other Valves

By Industry

  • Oil & Gas

    • LNG

    • Petroleum

      • Upstream

      • Midstream

      • Downstream

        • Petrochemical

  • Power

    • Fossils

      • Coal & Oil

      • Natural Gas

    • Nuclear Power

    • Other Power

  • Chemicals

  • Marine

  • Construction

  • Pulp & Paper

  • Mining

  • Water & Waste Water Treatment

  • Others

By Geography

  • North America

  • Europe

  • Asia Pacific (APAC)

  • Middle East and Africa (MEA)

  • South America

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