A valve is a mechanical device that regulates or controls the flow of fluid (liquid or gas) by closing and opening or partially obstructing several entrances. Temperatures are also controlled through valves. Valves are commonly utilised in public locations to manage the water supply for domestic applications. However, valves are used in industries such as oil and gas, chemical, and others to conduct critical duties. Valve types used include ball valves, gate valves, butterfly valves, and globe valves.
The report covers all the major trends playing a major role in the growth of the valves market over the forecast period. It also highlights various drivers, restraints, and opportunities expected to influence the market’s growth during this period. The study provides a complete perspective on the valves market growth in terms of revenue in US$ Mn and volume in Mn units, across different geographical regions namely North America, Europe, Asia Pacific, Middle East & Africa and South America.
The report's market overview section highlights market characteristics and trends such as drivers, constraints, and opportunities that influence the current and future condition of this market. In addition, the study includes a value chain analysis of the valves market. Estimates for the valves market are the result of extensive secondary research, primary interviews, and in-house expert panel reviews. These market estimations have been studied by considering the impact of various political, social, economic, technological, and legal aspects, as well as current market dynamics influencing market growth.
The global valves market is expanding as a result of factors such as increased investment in industrial infrastructure projects worldwide, particularly in emerging nations. Furthermore, the expansion of the pipeline industry has supported the growth of the worldwide valves market. The use of valves in water and wastewater treatment plants has expanded in recent years, increasing valve adoption.
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