The Business Research Company’s latest report Metal Valve Global Market Report 2020 covers Metal Valve market drivers, Metal Valve market trends, Metal Valve market segments, Metal Valve market growth rate, Metal Valve market major players, and Metal Valve market size. The report provides in-depth analysis of the impact of COVID-19 on the Metal Valve industry, along with revised market numbers due to the effects of the coronavirus.
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Metal Valve Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global metal valve market is expected to decline from $268.9 billion in 2019 to $235.1 billion in 2020 at a compound annual growth rate (CAGR) of -12.6%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $290.9 billion in 2023.
The report covers the Metal Valve market’s segments-
1) By Type: Industrial Valve, Fluid Power Valve And Hose Fitting, Plumbing Fixture Fitting And Trim, Other Metal Valve And Pipe Fitting
2) By End User Industry: Chemicals, Marine, Construction, Mining, Oil & Gas, Others
3) By Product: Pressure Reducing Valves, Safety/Relief Valves, Control Valves, Globe Valves, Plug Valves, Gate Valves, Ball Valves, Butterfly Valves, Diaphragm Valves, Other Valves.
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