Market Insights & Analysis: Europe Industrial Valves Market (2024-30)
Projected Growth: The Europe Industrial Valves Market is projected to grow at around 5.65% CAGR during the forecast period, i.e., 2024-30.
In-Depth Overview of the Europe Industrial Valves Market
Utilizing both primary and secondary research methodologies, the Europe Industrial Valves Market report offers an in-depth analysis valuable for stakeholders and investors seeking market insights. This report delves into market dynamics, providing a detailed examination of regional trends and developments.
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Europe Industrial Valves Market Driver: Energy Transition to Carbon Neutral Economy
The European Union’s target to reduce the overall carbon emission by about 55% to that of 1990 levels by 2030 has driven the countries across the region to shift to renewable energy and low carbon emitting technologies. Since then the region has witnessed huge investments in the evolution of the energy sector from conventional oil & gas, coal, etc., to hydropower, solar, wind, and hydrogen. Moreover, the implementation of Carbon Capture and Storage (CCUS) technology in the existing industrial and power-generating facilities has been pushing the demand for industrial valves in the region. Additionally, the national government’s encouragement to reduce carbon emissions majorly from electricity generation either captive or commercial is further fueling the demand for industrial valves in the market.
Europe Industrial Valves Market Segmentation
By Type
-Globe Valve
-Ball Valve
-Butterfly Valve
-Gate Valve
-Plug Valve
-Others
- Globe Valves have maintained a significant share in the Europe Industrial Valves Market throughout the historical period and are predicted to sustain a balanced growth rate in the upcoming period as well.
By Product
-Quarter Turn Valve
-Multi-turn Valve
-Others
By Standards
-ASTM
-DIN EN
By Application
-Water & Wastewater Management
-Power
-Chemicals
-Oil & Gas
-Other Applications (includes Food Processing, Mining, and Marine)
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Leading Companies in the Europe Industrial Valves Market
The report features major players including:
Danfoss, Sirca, Emerson, Schlumberger Ltd., Flowserve, Pentair, Bohmer, AVK, Lesser GmbH, AKO Armaturen, and Klinger, Eaton, among others
Regional Analysis
The report covers a comprehensive analysis of the Europe Industrial Valves Market across various regions:
- The UK
- Germany
- France
- Italy
- Spain
- Benelux
The research highlights development opportunities and challenges in these regions, encompassing sales growth, product pricing and analysis, growth potential, and strategic recommendations for addressing market challenges.
Essential Questions Addressed in the Europe Industrial Valves Market Report
- Who are the major players in the Europe Industrial Valves Market?
- Which region presents the most potential for the Europe Industrial Valves Market?
- Which application area of the Europe Industrial Valves Market is anticipated to grow significantly in the coming years?
- What opportunities exist for new market entrants?
- What is the projected market size for the Europe Industrial Valves Market by the end of the forecast period?
- What are the growth prospects for the Europe Industrial Valves Market?
- What is the base year considered in this market report?
- Which region holds the largest market share in the Europe Industrial Valves Market?
- What factors are expected to drive the growth of the Europe Industrial Valves Market?
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