Global Gate Valves Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2023-2032
Over the forecast period of 2022 to 2027, the Global Gate Valve Market is expected to grow at a CAGR of more than 4.1%. Rapid urbanisation and industrialization occurring throughout the world, as well as rising demand for oil and natural gas exploration operations, are positively influencing the gate valve market’s growth.
Gate valves are multi-turn valves that are widely used in the industry. Gate valves are widely used in oil and gas (pipeline service and wellhead), power generation (including slurry service with knife gate designs), marine and mining, and general industry on/off/isolation applications. Gate valves work well with liquids, gases, and slurries, as well as fluids containing entrained solids.
Manufacturers are focusing on technological development and product innovation to meet the growing demand in various regional markets around the world. The gate valve market is expected to be stimulated during the forecast period by improvements in gate valve features such as friction reduction and pressure management, as well as ongoing improvements in valve efficiency.
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Due to rapid economic growth in many emerging economies, global demand for various industrial products, including gate valves, is increasing. The rising demand for petroleum products encourages oil companies to increase output, benefiting the gate valve industry. In addition, manufacturers are focusing on technological advancements and product development in order to meet rising demand in various markets. Improvements in gate valve characteristics such as friction reduction and pressure control, as well as continuous development in valve efficiency, are expected to drive the gate valves market during the forecast period.
Global Gate Valves Market: By Key Players
- Tyco International
- KSB Group
- Circor Energy
- Cameron
- Emerson
- IMI
- Kitz Group
- Flowserve
- Metso
- Crane Company
Global Gate Valves Market: By Types
- Solid Wedge
- Flexible Wedge
- Split Wedge
Global Gate Valves Market: By Applications
- Chemical Industry
- Water Treatment Industry
- Steel Industry
Report Scope:
The primary and secondary research is done in order to access up-to-date government regulations, market information and industry data. Data were collected from the Gate Valves manufacturers, distributors, end users, industry associations, governments’ industry bureaus, industry publications, industry experts, third party database, and our in-house databases. The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment by type, application and region and as a result provides a holistic view of as well as a deep insight into the Gate Valves market covering all its essential aspects.
Reasons to Purchase this Report:
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
Objectives of the Study:
To provide with an exhaustive analysis on the Gate Valves Market by Product, By Application, By End User and by Region.
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
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